February 27, 2018 / 6:24 AM / 3 months ago

Swiss Life 2017 net profit beats expectations

ZURICH, Feb 27 (Reuters) - Swiss Life said it had achieved its fee result target a year earlier than planned and was ahead of schedule with three of its other 2018 goals as it reported better-than-expected 2017 net profit on Tuesday.

Switzerland’s biggest life insurer said net profit after minorities rose to 1.007 billion Swiss francs ($1.07 billion) from 922 million francs a year earlier, beating the average estimate of 983 million francs in a Reuters poll.

The Zurich-based company proposed raising its dividend to 13.50 francs from 11 francs. ($1 = 0.9373 Swiss francs) (Reporting by John Revill; Editing by Michael Shields)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below