Swiss Life H1 Net Profit Down 14%

Swiss Life Holding AG SZLMY reported a 14% drop in its first half net profit. Its net earned premiums dropped 3.7% to 7.33 billion Swiss francs ($7.76 billion) in the period. Net profit attributable to shareholders fell to CHF360 million, versus CHF403 million, in the year-ago period. Swiss Life's operating profit climbed to CHF528 million, versus CHF452 million.