|Traded as||SIX: SLHN|
|Key people||Bruno Pfister (CEO), Rolf Dörig (Chairman)|
|Products||Life insurance, savings and pensions|
|Revenue||CHF 17,969 million (2013)|
|Operating income||CHF 1,149 million (2013)|
|Profit||CHF −1,072 million (2013)|
|AUM||CHF 161,195 million (end 2013)|
|Total assets||CHF 170,530 million (end 2013)|
|Total equity||CHF 9,018 million (end 2013)|
|Employees||6,992 (FTE, end 2013)|
The Swiss Life Group is the largest life insurance company of Switzerland. The firm's headquarters are in Zurich. The Swiss Life Group has 7,500 employees and had assets under management of approximately CHF 133 billion in 2010.
Foundation and growth
Conrad Widmer established Schweizerische Rentenanstalt in 1857 as the first life insurance company in Switzerland. Alfred Escher was integrally involved in the development of the cooperative. The goal of the company was to provide Swiss families a sufficiently solid foundation by providing insurance against the uncertainties of life. In 1866 Widmer obtained a license in Prussia. A year later, the annuity establishment had business operations in Hamburg and Bremen. The German branch split from the company. All of the policies were hand written in Zurich. Beginning in 1894, the establishment was one of the first insurance institutions to offer occupational insurance. Between 1866 and 1987, Rentenanstalt expanded to Germany, France, the Netherlands, Belgium, the United Kingdom, Spain, Luxembourg, and Italy. In 1988 it took over La Suisse insurance company in Lausanne.
In 1997 under the management of Martin Lopez, Rentenanstalt changed from a cooperative into a publicly traded company. In 1998 Rentenstalt/Swiss Life shares debuted on the SMI index. SwissLife then advanced on an expansionary strategy acquiring Livit, Banca del Gottardo, the Lloyd Continental and UTO Albis in 1999, Schweizerische Treuhandgesellschaft in 2000, a takeover of the real estate properties of Oscar Weber Holding AG in 2001. Finally in 2002, new acquisitions ceased as the company looked to restructure as many felt it was too big.
In 2003, the company changed its name to Swiss Life for all its operations except in the Netherlands where is remains under the old name Zwitser Leven. It sold its British operations to Resolution Life Group in December 2004.
In November 2007, Swiss Life sold off Banca del Gottardo for 1.775 billion CHF. On 3 December 2007, Swiss Life announced that it had launched a takeover bid of AWD Holding. On 13 March 2008, Swiss Life had successfully acquired a total of 86.2% of AWD.
Board of directors
The board of directors is responsible for the general direction of the Group and the supervision of the Corporate Executive Board. On the balance sheet date of 31 December 2012, the board of directors was composed as follows:
|Chairman||Rolf Döring (until 2014)|
|Vice-chairman||Gerold Bührer (until 2014)|
|Vice-chairman||Frank Schnewlin (until 2015)|
|Member||Wolf Becke (until 2015)|
|Member||Damir Filipovic (until 2014)|
|Member||Henry Peter (until 2015)|
|Member||Peter Quadri (until 2014)|
|Member||Franziska Tschudi (until 2014)|
|Member||Ueli Dietiker (until 2014)|
|Member||Frank W. Keuper (until 2014)|
|Member||Klaus Tschüster (until 2014)|
Corporate executive board
The group CEO directs the business operations of the group and works out the long-term objectives and strategic orientation of the group, together with the corporate executive board.
|Group CEO||Bruno Pfiser (Patrick Frost will take over the role in July 2014)|
|Group CFO||Thomas Buess|
|Group CIO||Patrick Frost|
|CEO Switzerland||Ivo Furrer|
|CEO France||Charles Relecom|
|CEO Swiss Life Select (former AWD)||Manfred Behrens – CEO Swiss Life Select (former AWD)|
According to Swiss law, shareholders are obliged to disclose information regarding their shareholdings in Swiss-based companies when these amount to or exceed 3%. Shareholders currently holding over 5% or over 3% of the registered shares (purchasing positions included) of Swiss Life Holding Ltd., are:
|Shareholder||Stake (% of ordinary shares)|
|Dodge & Cox||over 3%|
|LSV Asset Management||over 3%|
|Year||Revenues (CFH Million)||Operating Income (CFH Million)||Profit (CFH Million)||Assets under Management|
|2012||17,046||361 (restated)||99 (restated)||161,195 (restated)|
- Goellner, Philipp (9 December 2004). "Swiss Life to Sell U.K. Unit for 205 Million Pounds". Bloomberg. Retrieved 1 March 2009.
- Medienmitteilung von Swiss Life zum Verkauf der Banca del Gottardo
- Medienmitteilung Swiss Life, 19.03.2008 – Swiss Life hält 86,2% an AWD
- http://www.six-exchange-regulation.com/download/admission/regulation/federal_acts/sesta_en.pdf p. 8
- http://www.swisslife.com/content/dam/com/fullyear/fy2012/annualreport_fy2012.pdf page 10
- http://www.swisslife.com/content/dam/com/fullyear/fy2010/businessreview_fy2010_en.pdf page 27