Swiss Life

Swiss Life is starting an announced share buyback program with a volume of up to 250 million Swiss francs, tradable from October 1, 2026 until no later than March 31, 2027. Based on closing prices, this corresponds to a maximum of around 272,866 registered shares (Namenaktien) or 0.98% of the share capital; the actual number of shares may vary depending on the price. Buybacks must in no case exceed 10% of the registered share capital and voting rights. The Board of Directors intends to propose at future ordinary general meetings that the shares repurchased under the program be cancelled as a reduction of capital. » More on finanzen.net

Swiss Life has placed a €600 million hybrid bond with investors in the European market. The bond runs to 2046 with a first optional redemption date in September 2036; the interest rate until then is 4.75 percent. Proceeds are to be used for general corporate purposes, including possible refinancing of existing instruments; Swiss Life gave no details on financial targets. » More on finanzen.net

Swiss Life reports a currency-adjusted net profit increase of 8% in H1 2026 to CHF 649m and an operating income of CHF 967m. Fee result rose 11% to CHF 430m, and return on equity improved to 20.2%. Management confirms implementation of the Swiss Life 2027 strategy, announces a share buyback program of CHF 250m and expects annual cost savings of around CHF 150m from 2029; the acquisition of TELIS is expected to contribute CHF 25–30m annually to operating income. The stock fell briefly by 0.9% and is trading below its 52-week high. » More on de.investing.com

Analysts expect the first half of 2026 to show operating profit, fee result and net profit slightly above last year’s levels; the AWP consensus cites an adjusted operating profit of 928 million Fr. It is unclear whether Swiss Life will announce a new share buyback program—some experts see a possible volume of around 250 million Fr., others do not. Reports of a larger workforce reduction in Switzerland are circulating; corporate communications confirmed a review of organizational and resource savings but did not explicitly deny layoffs. Swiss Life continues to prioritise growth in the fee business through 2027 and aims for defined SST and return targets; the stock has largely lagged the SMI since the start of the year. » More on finanzen.net

Swiss Life aims to grow its total investment portfolio twice as fast as the market and to invest disproportionately in real estate and infrastructure, says CIO Per Erikson. Growth should not only increase volume but also strengthen margins, since real estate and infrastructure offer higher margins than securities. Swiss Life remains open to opportunistic acquisitions in asset management but will only pursue suitable transactions. Private market investments and private credit (including the stake in Swiss Credit Partners) are regarded as strategically attractive and technically/financially appropriate. » More on finanzen.net