Swiss Life Asset Managers increases total income

Swiss Life Asset Managers reported net new money inflows of CHF 8.92 billion in its third-party client business, up from CHF 8.39 billion a year earlier, according to the company's 2019 full-year results announcement. Assets under management for third-party clients stood at 83.0 billion as of December 31, 2019, up 17% from the previous year. Overall, the company managed assets totaling 254.4 billion as of the reporting date.

Total revenues increased by 16% year-on-year to 853 million, with third-party business contributing 476 million (previous year 413 million). In addition to operating growth, this would also have been attributable to consolidation effects and the acquisition of Beos Swiss Life announced. The division's result is reported to be 309 million, a growth of 14% compared to the previous year.  (ah)