With a result for the first half of 2006 amounting to nearly 2.4 million euros in local standards, Swiss Life in Luxembourg achieved a slight increase of its benefit compared to the prior-year period (2.3 million euros). This benefit is mainly derived from an improvement of the result on death and disability risks, from contained operating expenses and is achieved despite a significant decrease (- 1.2 million euros) of the financial result due to higher realised gains during the same period last year.
The company continues to focus on the strategic priorities set by the Swiss Life Group: achieve sustainable and profitable growth and strengthen operational efficiency to increase profitability.
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Press release on Swiss Life Group’s half-year result 2006
Swiss Life Group’s half-year report 2006
The Swiss Life Luxembourg subsidiary was created in 1985. On its local market, it is the leading provider of group insurance solutions. At the international level, Swiss Life in Luxembourg focuses on the marketing of unit-linked individual life insurance contracts to European high net worth individuals (assurfinance) in particular on the Belgian, Italian, French and German markets. In Luxembourg, Swiss Life is also a specialist with regard to group insurance solutions for expatriates and third country nationals.
The Swiss Life Group is one of Europe’s leading providers of pension and life insurance products. The Swiss Life Group offers individuals and companies comprehensive advice across a broad range of products via agents, brokers and banks in its domestic market, Switzerland, where it is market leader, and selected European markets. Multinational companies are serviced with tailor-made solutions by a network of partners in over 60 countries and regions. With Banca del Gottardo, the Swiss Life Group is also a provider of private banking services. The bank, with its head office in Lugano, has an extended national and international network and around CHF 40 billion in customer assets under management.
Swiss Life Holding, registered in Zurich, dates back to the Swiss Life Insurance and Pension Company founded in 1857. Shares of Swiss Life Holding are listed on the SWX Swiss Exchange (SLHN). The Swiss Life Group employs a staff of more than 9 000.