Swiss Life: 39 billion in real estate holdings
Swiss Life Asset Managers managed assets totaling 185 billion Swiss francs as of December 31, 2015, up 1 percent from the previous year. Real estate assets accounted for 39 billion of this total, as the Swiss Life Group published at the presentation of its 2015 business figures.
In addition, Swiss Life manages real estate worth 28.6 billion for third parties. This makes Swiss Life one of Europe's leading real estate asset managers, with a total of 67.6 billion in real estate under management and administration, the company writes.
Net new money inflows in the investment business with third-party clients at Swiss Life Asset Managers amounted to around 7.2 billion in 2015 (2014: 4.5 billion). In the low interest rate environment, a net investment return of 3.7 (3.8) percent was achieved. The new business margin was 1.7 (1.8) percent and the value of new business was 268 million (+5%).
The Swiss Life Group increased its net profit by 7% to 878 million in 2015 and generated an adjusted operating profit of 1.3 billion (+17%). The Swiss Life Group's Board of Directors is proposing an increase in the dividend from CHF 6.50 to CHF 8.50 per share at the Annual General Meeting.
Swiss Life Holding AG, headquartered in Zurich, traces its roots back to Schweizerische Rentenanstalt, which was founded in 1857. Swiss Life Holding AG's shares are listed on the SIX Swiss Exchange. The Swiss Life Group also includes two real estate subsidiaries, Livit and Corpus Sireo. (mr)
