(CercleFinance.com) – Swiss Life publishes for 2023 a net profit of 1.11 billion Swiss francs and an adjusted operating result of 1.5 billion, respectively growth of 8% and 1%, but with a Commission results down 13% to 664 million.
Explaining that the latter was weighed down by a gloomy real estate market environment, CEO Patrick Frost nevertheless says he is on the right track to achieve or exceed all the objectives as part of his ‘Swiss Life 2024’ program.
During the AGM on May 15, the life insurer’s board of directors will propose a dividend increasing by 10% to 33 francs per share for 2023, corresponding to a distribution rate of 86%, a dividend which will be distributed on May 22.
Furthermore, Swiss Life indicates that although Markus Leibundgut is recovering well from his cancer, he has nevertheless decided to step down, and that its board has therefore appointed Roman Stein to the position of permanent CEO of Swiss Life Switzerland with immediate effect.
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