Swiss Life Holding AG (0QMG) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to the Swiss Life Q1 2020 Fixed Trading Update Conference Call and Live Webcast. I am Sandra, the Core School Operator. I would like to remind you that all participants have been listened only mode and the conference has been recorded. The presentation will be followed by a Q&A session. You can register for questions at any time by pressing star and 1 on your telephone. Webcast viewers may submit their questions or comments in writing by the relative field. Currently note that webcast questions will be answered after the call. For operator assistance, please press star and zero. The conference must not be recorded for publication or broadcast. At this time, it is my pleasure to hand over to Matthias Ehrig, Group CEO of Swiss Life. Please go ahead, sir. Good morning, ladies and gentlemen. Thank you for dialing in and for your interest in Swiss Life. Today, we are reporting on selected top line figures for the first quarter of 2026. I will start with an overview, and our Group CFO, Marco Gerussi, will give you more details. We had a good start to the year, with pleasing top-line growth in the first quarter of 2026. Both the fee and the insurance businesses contributed to this growth. Swiss Life increased its fee and commission income by 6% in local currency to $686 million, with all businesses contributing. Brought to it in premiums, fees and deposits received increased by 5% in local currency to 8.2 billion. Switzerland asset managers reported strong net new assets of 4.2 billion in third-party asset management, compared to 9.3 billion in the exceptionally strong prior year period. The asset-to-year ratio was estimated to be around 210% at the end of March 2026. I'm particularly satisfied with the growth in our fee income across all divis...