Matthias Elick
CEO and Delegate of the Board of Directors, Swiss Life Group
Replay available
Swiss Life Holding AG (0QMG) Q1 2025 Earnings Call
Swiss Life Holding AG (LSE: 0QMG) Q1 2025 earnings conference call, held 2025-05-20. Replay captured from the company's public earnings webcast.
Hosted by
Featured presenters
Marco Gerussi
Group CFO, Swiss Life Group
David Barna
Analyst, Bank of America
Farouk Hanif
Analyst, J.P. Morgan
Simon Fussmeier
Analyst, Fontobel
Thomas Bateman
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Rasmus Eusten
Analyst, Danske Bank
Michele Ballatore
Analyst, KBW
Investor webinar replay
Watch the replay and follow the connected company analysis, news, and investor updates for Swiss Life Holding Ag.
Replay transcript excerpt
WEBVTT 00:00:00.031 -- 00:00:04.715 Good morning, ladies and gentlemen. Thank you for dialing in and for your interest in 00:00:04.715 -- 00:00:10.200 Swiss life. Today, we are reporting on selected top line figures for the first 00:00:10.200 -- 00:00:12.983 quarter of 2025. We 00:00:12.983 -- 00:00:18.327 will focus, as usual, on fee income, premiums, and direct 00:00:18.327 -- 00:00:20.729 investment income. 00:00:20.729 -- 00:00:25.794 I will provide a quick overview of today's key messages, and our group CFO, 00:00:25.794 -- 00:00:30.617 Marco Gerussi, will walk you through the segments. 00:00:30.693 -- 00:00:35.918 We had a good start to the year. In the first three months of 2025, Swiss Life 00:00:35.918 -- 00:00:40.462 increased its fee and commission income by 3% to $659 00:00:40.462 -- 00:00:45.968 million. Drivers were owned and third-party products and services, 00:00:45.968 -- 00:00:48.969 as well as asset managers. 00:00:49.051 -- 00:00:54.556 Cross-written premiums, fees and deposits received increased by 6% 00:00:54.556 -- 00:00:57.719 to $7.9 billion. 00:00:57.719 -- 00:01:02.353 All business divisions contributed to the growth. 00:01:02.655 -- 00:01:07.800 Direct investment income grew by 6 percent to 1.1 billion, which 00:01:07.800 -- 00:01:14.264 corresponds to a non-annualized direct investment yield of 0.8 percent. 00:01:15.406 -- 00:01:20.651 Swiss Life Asset Managers had a very strong net new asset inflow of 9.3 00:01:20.651 -- 00:01:26.056 billion in third-party asset management compared to 0.7 billion 00:01:26.056 -- 00:01:28.793 in the prior year period. 00:01:28.793 -- 00:01:32.998 The SST ratio was estimated to be around 200% 00:01:32.998 -- 00:01:36.279 at the end of March 2025. 00:01:37.102 -- 00:01:40.046 With that, I hand over to Marco...