Swiss Life

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. » Plus sur 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. » Plus sur 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. » Plus sur finanzen.net