Full-year Results 2020
Abbreviations
ALM
Asset and liability management
IL
AM
Business division Asset Managers
IN
APE
Annual premium equivalent
LC
AuM
Assets under management
m
bn
Billion
MCEV
bps
Basis points
NBM
Individual life
Business division International
Local currency
Million
Market consistent embedded value
New business margin
BVG
Swiss federal law on occupational retirement,
NBP
New business production
survivors' and disability pension plans
n.a.
Not available/applicable
CAD
Canadian dollar
n.m.
Not mentioned
CH
Business division Switzerland
NNA
Net new assets
CHF
Swiss francs
PAM
DAC
DE
DoJ
EUR
Euro
FR
FX
Deferred acquisition costs
Business division Germany
Department of Justice
Business division France
Foreign exchange
P&C
P&L
Profit and loss
PHD
PHP
PVNBP
RoE
FY
Full-year
TPAM
GBP
British pound
SST
Proprietary insurance asset management
Property and casualty
Policyholder deposits
Policyholder participation
Present value of new business premiums
Return on equity
Third-party asset management
Swiss Solvency Test
GL
Group life
UK
United Kingdom
GWP
Gross written premiums
UL
Unit-linked
IFA
Independent financial advisor
USD
US dollar
IFRS
International Financial Reporting Standard
VNB
Value of new business
Segment Other: Includes Swiss Life Holding and finance/service companies
Owned IFAs:
Includes Swiss Life Select, tecis, Horbach, Proventus, Chase de Vere, Pôle Agami and Fincentrum
72 | Investor presentation | Full-year results 2020
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