November 7, 2018 / 6:18 AM / 15 days ago

Swiss Life says on track to meet, beat 2018 goals as fee income rises

ZURICH, Nov 7 (Reuters) - Swiss Life reported on Wednesday that its fee income in the first nine months of 2018 rose 7 percent, putting the country’s biggest life insurer on track to meet or beat goals for the current year.

Fee income was 1.16 billion Swiss francs ($1.16 billion)after the first three quarters, the company said, compared to 1.04 billion francs in the previous year. Nine-month premiums rose 4 percent in local currency to 14.7 billion francs.

“We are confident that we will achieve or exceed all our goals under the Swiss Life 2018 group-wide programme,” Chief Executive Patrick Frost said in a statement. ($1 = 1.0004 Swiss francs) (Reporting by John Miller)

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