Swiss Life Reports Fall in Profits By 6 %

Swiss Life reports fall in profits by 6 %

Living up to its financial targets, the life and pension provide company Swiss Life reported a loss of 6 per cent in its first half. It fell to 780m Swiss Francs during the pandemic.

Explaining it, Patrick Frost, the chief executive of the company said the half-year figures underlined resilience and sustainability of their business model. He said the company was on track following their motto ‘Swiss Life 2021’, a group-wide programme. 

Additionally, he said that the company targeted an equity return of 8-10 per cent and that held validity for a strategic period of each year.

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