ZURICH Feb 26 Swiss Life raised its
dividend on Wednesday, after net profit for 2013 topped the most
optimistic forecast in a poll, helped by cost cutting and
increased premium income.
The Zurich-based insurer posted a net profit of 784 million
Swiss francs ($882.73 million), compared to a forecast for an
average of 712 million in a Reuters poll. The highest forecast
was for a net profit of 760 million Swiss francs.
The result was almost eight times higher than that reported
in 2012, a year which saw a writedown of Swiss Life's German
advisory arm deal a blow to profit.
The insurer proposed a dividend of 5.50 Swiss francs per
share for 2013, compared to 4.50 francs in the previous year.
($1 = 0.8882 Swiss francs)
(Reporting by Alice Baghdjian)