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Investing.com -- Swiss Life Holding AG (SIX:SLHN) on Wednesday Ireported a sharp rise in inflows to its third-party asset management arm in the first half of 2025, while operating profit also improved on higher premiums across its insurance business.
The Zurich-based insurer said net new assets in third-party asset management increased to CHF 13.2 billion in the six months to June, compared with CHF 1.2 billion a year earlier.
Assets under management in the unit rose to CHF 138 billion from CHF 125 billion at the end of 2024.
Segment income declined 2% to CHF 496 million due to lower results in real estate project development, while the segment result fell 6% to CHF 145 million.
Profit from operations rose 3% in local currency to CHF 903 million, up from CHF 883 million a year earlier.
Net profit decreased to CHF 602 million from CHF 632 million, reflecting higher tax expenses. The company recorded a return on equity of 17.6%, compared with 17.8% a year earlier.
Premiums increased 5% in local currency to CHF 12.1 billion, with growth across all markets. Fee income rose 2% to CHF 1.27 billion, and the fee result was stable at CHF 392 million.
Cash remittance to the holding company was CHF 1.17 billion, down from CHF 1.26 billion in the prior-year period.
In Switzerland, premiums grew 4% to CHF 6.3 billion, with a segment result of CHF 458 million, up 4%. In France, premiums rose 7% to €4.03 billion, led by life insurance, where unit-linked products accounted for 65% of new business.
The segment result increased 9% to €209 million. In Germany, premiums advanced 3% to €758 million and the segment result rose 8% to €121 million.
The international market unit posted 7% higher premiums at €1.40 billion and a segment result of €64 million.
Direct investment income rose to CHF 2.18 billion from CHF 2.13 billion, while net investment income declined to CHF 1.63 billion from CHF 1.86 billion.
The contractual service margin, which represents future profit contributions from existing insurance business, stood at CHF 14.8 billion at the end of June, up from CHF 14.4 billion at the end of 2024.
The Swiss Life Group reported a solvency ratio of about 205% as of June 30, compared with 201% at the end of 2024, above its strategic target range of 140–190%.
The company said its CHF 750 million share buyback program, announced earlier, is proceeding as planned and will run until May 2026.