Annual Report 2012 - Swiss Life

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22 Segment Reporting Investment Management The Investment Management segment comprises Group-wide institutional asset management activities. At CHF 138 million, the 2012 result was CHF 8 million up on the previous year. This equates to an increase of 6%. Thanks to new asset inflows and positive market developments, assets under management increased by a total of CHF 14 billion to over CHF 148 billion. Insurance assets climbed CHF 10 billion to almost CHF 128 billion. Assets invested in funds and third-party mandates grew by around CHF 4 billion. Thanks to a greater volume of assets under management, income rose by 12%. Operating expenses increased by 11% due to business expansion. The expansion of third-party business led to a net inflow in assets under management of over CHF 2 billion. One notable event in the year under review was a new investment opportunity offered in real estate in cooperation with the insurance units. In addition, the real estate management subsidiary Livit won a number of new mandates. Following the introduction of the new asset management application in France at the start of 2013, Investment Management has a Group-wide uniform solution for managing assets entrusted to it from the insurance business. Investments managed for third parties are scheduled to be transferred to this application in 2013. The launch of the new brand “Swiss Life Asset Managers” is intended to promote the expansion of third-party business as well as to help to further develop existing markets and enter the German market. Swiss Life – Annual Report 2012
23 Segment Reporting Key figures for Investment Management Amounts in CHF million 2012 2011 +/– Commission income 338 301 12.3% Financial result 1 1 n/a Other income 0 0 n/a Total income 339 302 12.3% Interest expense 0 0 n/a Operating expense –201 –172 16.9% Segment result 138 130 6.2% Assets under management 1 148 466 134 264 10.6% Number of employees (full-time equivalents) 655 610 7.4% 1 incl. intragroup assets Asset management and other commission income, Investment Management In CHF million 350 Segment result Investment Management In CHF million 150 280 210 265 253 268 301 338 120 90 94 103 130 138 140 60 77 70 30 0 2008 2009 2010 2011 2012 0 2008 2009 2010 2011 2012 Swiss Life – Annual Report 2012
Page 1: Swiss Life Group annual report 2012
Page 4 and 5: 4 Facts & Figures The Swiss Life
Page 6 and 7: 6 Shareholder’s Letter Dear Share
Page 8 and 9: 8 Summary of Group results Summary
Page 10 and 11: Amounts in CHF million 2012 2011 +/
Page 12 and 13: 12 Segment Reporting Segment Report
Page 14 and 15: 14 Segment Reporting New products l
Page 16 and 17: 16 Segment Reporting insurance Fran
Page 18 and 19: 18 Segment Reporting insurance Germ
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Page 24 and 25: 24 Segment Reporting AWD The AWD Gr
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Page 64 and 65: 64 Risk Management Risk Management
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In CHF million 31.12.2012 31.12.201
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Number of shares 2012 2011 204 Cons
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In CHF million 2012 208 Consolidate
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226 Swiss Life Holding Financial St
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In CHF million 2012 2011 228 Swiss
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As % of total share capital 31.12.2
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In CHF million 2012 2011 232 Swiss
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250 Share Performance and Historica
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252 Contacts and Publishing Details
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130 286 The future starts here. Swi
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Annual Report 2012 - Swiss Life

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