Swiss Life Announces Job Cuts Amidst Rising Premiums

Swiss Life, Switzerland's largest life insurer and real estate owner, has announced plans to cut up to 600 jobs by the end of 2028. The move is part of a broader effort to digitize operations and improve efficiency. Despite this, the company reported higher sales in the first half of 2026, with premiums rising 3% to 12.3 billion Swiss francs.

The job cuts will be split roughly equally between the Swiss insurance business and the asset management unit. The decision comes as Swiss Life looks to increase its cash generation while maintaining regulatory capital buffers. To this end, the company has also announced a 250 million Swiss franc share buyback.