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Full-year Results 2020

Declining average technical interest rate Statutory basis Quality of earnings and earnings growth 01.01.2010 01.01.2021: • FX translation effect -3 bps . Reserve strengthening -71 bps 01.01.2020 01.01.2021: Mandatory GL CH -15 bps • FX translation effect 0 bps • • Non-mandatory GL CH -21 bps • • Reserve strengthening -4 bps Business mix -45 bps ⚫ Business mix -3 bps 2.60% Total -155 bps Total -7 bps 2.35% 2.04% 01.01.2010 01.01.2012 25 | Investor presentation | Full-year results 2020 1.64% 1.37% 1.26% 1.12% 1.05% HE нн 01.01.2014 01.01.2016 01.01.2018 01.01.2019 01.01.2020 01.01.2021 SwissLife

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