-Insurer Swiss Life posted a lower first half net profit on Wednesday, mainly as a result of 36 million Swiss francs ($45 million) in higher tax expenses.
Switzerland’s largest life insurance provider and a major owner of real estate in Europe said its net profit was 602 million Swiss francs in the first six months of 2025, a 5% fall from last year
Its fee result was broadly unchanged year-on-year at 392 million Swiss francs.
In France and Germany, which together made up roughly one third of its total fee result in 2024, it grew by 4% and 5% respectively.
($1 = 0.8019 Swiss francs)
(Reporting by Paolo Laudani in Gdansk; Editing by Matt Scuffham)
