Swiss Life Holding AG (SZLMY) Q4 2025 Earnings Call Transcript

SA Transcripts158.94K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call Swiss Life Holding AG (SZLMY) Q4 2025 Earnings Call March 12, 2026 4:00 AM EDT Company Participants Matthias Aellig - Group CEO & Member of Corporate Executive BoardMarco Gerussi - Group CFO & Member of Corporate Executive Board Conference Call Participants David Barma - BofA Securities, Research DivisionThomas Bateman - Mediobanca - Banca di credito finanziario S.p.A., Research DivisionFarooq Hanif - JPMorgan Chase & Co, Research DivisionNasib Ahmed - UBS Investment Bank, Research DivisionMatteo Lindauer - Vontobel Holding AGRené Locher - ODDO BHF Corporate & Markets, Research DivisionMichele Ballatore - Keefe, Bruyette, & Woods, Inc., Research Division Presentation Operator Ladies and gentlemen, welcome to the Swiss Life Presentation of the Full Year Results 2025 Conference Call and Live Webcast. I am Sandra, the Chorus Call operator. [Operator Instructions] And the conference is being recorded. [Operator Instructions] Kindly note that webcast questions will be answered after the call. [Operator Instructions] The conference must not be recorded for publication or broadcast. At this time, it is my pleasure to hand over to Mr. Matthias Aellig, Group CEO of Swiss Life. Please go ahead, sir. Matthias AelligGroup CEO & Member of Corporate Executive Board Dear analysts and investors, good morning. Thank you for joining us, and welcome to our conference call. Today, we report our results for the financial year 2025. I will give you a brief overview before handing over to our CFO, Marco Gerussi, for more details. I'm proud of the operational performance and of what we have achieved in 2025. We grew the insurance business, meaning premiums, operating results and the contractual service margin. We also grew the fee business at owned IFAs and with own and third-party products and services, and we achieved strong net new assets in our third-party asset management. Altogether, we achieved growth in profit from operations and in