Swiss Life Holding AG (SZLMY.PK,SLHN.VX) Thursday reported a 14 percent increase in total premium income for the first quarter.
Total premium income climbed to 6.97 billion Swiss francs from 6.11 billion francs in the prior year. Fee income increased 6 percent in the quarter to 284 million francs.
Premium income from Switzerland advanced 10 percent to 4.62 billion francs, amid strong demand from the Swiss SME sector for full-insurance solutions in occupational provisions.
France generated 11 percent more premium income at 1.2 billion francs, driven by growth in life business. Further, the company said its group-wide program "Swiss Life 2015" has got off to a good start.
Bruno Pfister, Swiss Life Group CEO, said, "We are very satisfied with our business development over the first quarter of 2013. All the market units contributed to the significant increase in premium volume.''
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