Swiss Life Holding AG (0QMG) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to the Swiss Life presentation of the Half Year Results 2025 conference call and live webcast. I am Moira, the course call operator. I would like to remind you that all participants will be in listen-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 via the relative field. Kindly 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's my pleasure to hand over to Mr. Matthias Hellig, Group CEO of Swiss Life. Please go ahead, sir. Dear analysts and investors, good morning. Thank you for joining us and welcome to our conference call. Today, we report our results for the half-year 2025. I will provide you with a brief overview before handing over to our CFO, Marco Geruzzi, for more details. Swiss Life delivered a pleasing operational performance in the first six months of the year. We grew the insurance business, meeting premiums, operating results, and the contractual service margin. We also grew the fee business and achieved strong net new assets in our third-party asset management. In a nutshell, I am pleased with the business activity and the progress we have achieved. Altogether, we report growth in profit from operations and a strong solvency level. Our results show the great commitment of our employees and advisors. I would like to thank all of them for their strong engagement vis-à-vis our customers. Let me provide some more color on the financial results. Profit from operations increased by 3% i...