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$XAU Swiss Life reports 8% rise in first-half profits and plans to cut 600 jobs
Swiss Life Holding AG (SIX:SLHN) on Tuesday announced stronger first-half earnings and unveiled a new share buyback program worth 250 million Swiss francs (US$308.90 million), while disclosing plans to reduce its workforce by about 600 jobs as part of efforts to improve efficiency and expand its business beyond 2027.

Net profit increased by 8% to 649 million Swiss francs, while operating profit rose by 8% in local currency to 967 million Swiss francs. Fee result, which has become an increasingly important driver of the Group’s earnings, grew by 11% in local currency to 430 million Swiss francs, while fee income rose by 7% to 1.34 billion Swiss francs.

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