Swiss Life Group announced plans to eliminate roughly 600 positions by the end of 2028, as the insurer reported an 8% increase in first-half profit. The job cuts, largely through natural attrition, will be split about evenly between Swiss Life's Swiss operations and Swiss Life Asset Managers, with the latter concentrated overseas. Around 100 roles have already been eliminated via selective non-replacement of vacancies, and the group expects roughly 100 further redundancies before the end of 2026. Net profit for H1 2026 reached $801.7 million (SFr649 million), while operating profit climbed 8% at constant currency to SFr967 million. The fee result grew 11% to SFr430 million, lifted by a SFr29 million gain from transferring the Swiss Life International network business to a partner company. Swiss Life also confirmed the completion of its acquisition of TELIS Group on 1 July 2026, though the deal's impact is not in the half-year numbers.
Swiss Life Holding AGSwiss Life reported an 8% rise in H1 profit to SFr649m and 8% higher operating profit, with fee result up 11%.
Swiss Life confirmed completion of its acquisition of TELIS Group on 1 July 2026, but the deal's impact is not in the half-year numbers.
