Full-year Results 2020
Strong solvency and cash remittance;
higher proposed dividend
Capitalisation
As of 01.01.2021 (for Swiss Life Group):
SST ratio estimated to be around 195%, based on regulatory
solvency model
Solvency II ratio estimated to be > 200%, based on
standard model incl. volatility adjustment and excl. any
transitional measures
Cash to Holding
CHF m
+4%
2-2.25 bn
(2019-2021)
752
784
FY 2019
FY 2020
Target 2021
Payout ratio, dividend per share
CHF 20.0
CHF 21.0
63%
50-60%
53%
FY 2019
FY 2020
Target 2021
4 | Investor presentation | Full-year results 2020
In addition, current
share buyback of
CHF 400 m
(until May 2021)
Operational efficiency
Life efficiency ratio
bps
40
Distribution operating
expense ratio
26%
TPAM cost
income ratio
35
24%
84%
79%
FY 2019 FY 2020
FY 2019 FY 2020
FY 2019 FY 2020
<40 bps by 2021
< 25% by 2021
~75% by 2021
SwissLifeView entire presentation