Swiss Life is down 2% in Zurich, following a trading update for the first three months of 2024, which included an 11% increase (in local currency) in fee and commission income to CHF 639 million.

"We are therefore still on track with our 'Swiss Life 2024' corporate program to meet or exceed all Group financial targets by the end of the year", says CEO Matthias Aellig.

"As far as fee and commission income is concerned, we expect to reach the lower end of our ambitious target range of CHF 850-900 million by the end of 2024", he continues nonetheless.

The Swiss life insurer also claims premium income of CHF 7.5 billion (+2% in local currency), as well as direct investment income of CHF 1,024 million, compared with CHF 937 million for the same period last year.

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