Full-year Results 2020
Swiss Life 2021 programme well on track
Swiss Life 2021 financial targets
Quality of
earnings and
earnings growth
.
Fee result FY 2021: CHF 600-650 m
•
Risk result FY 2021: CHF 400-450 m
Cumulative value of new business (2019-2021): > CHF 1.2 bn
Current assessment
On track
On track
Ahead
Operational
efficiency
Capital, cash
and payout
•
Life efficiency ratio FY 2021: < 40 bps
.
Distribution operating expense ratio FY 2021: < 25%
•
TPAM cost income ratio FY 2021: ~75%
•
SST ambition range (2019-2021): 140-190%
On track
On track
On track
Ahead
Ahead
Cumulative cash remittance to Holding (2019-2021): CHF 2-2.25 bn
Dividend payout ratio: 50-60%
•
Share buyback Dec 18 – Dec 19: CHF 1 bn
•
RoE): 8-10%
On track
Completed
On track
1) Equity excl. unrealised gains/losses
32 | Investor presentation | Full-year results 2020
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