1 General Information
The Swiss Life Group is one of Europe’s leading providers of life insurance and pension solutions. The company offers individuals and companies a broad range of products combined with comprehensive advice through its own sales force as well as brokers and banks in Switzerland, France and Germany. It provides internationally operating corporations with employee benefits solutions from a single source, and is among the global leaders in structured life and pension products for high net worth individuals. Swiss Life is the majority shareholder of the Hanover-based AWD Group, one of Europe’s top financial services providers for the medium- and high-income customer segments. AWD offer its clients independent financial advisory services.
The following events had an influence on the period under review:
Reduction in par value | As approved by the shareholders at the General Meeting of Swiss Life Holding on 8 May 2007, a reduction in par value of CHF 7 per registered share was effected in 2007. The payout took place on 3 August 2007 and led to a reduction in the share capital of Swiss Life Holding of CHF 245 million.
Conversion of convertible debt | In 2007, convertible bonds were converted into 1 184 170 Swiss Life Holding shares in total with a corresponding increase in share capital and share premium (2006: conversion into 191 Swiss Life Holding shares).
Approval of financial statements | On 26 March 2008, the Board of Directors approved the annual financial statements and the financial report and authorised them for issue. The financial report therefore only reflects events up to that date.
The General Meeting of Shareholders of Swiss Life Holding has the power to amend the financial statements after issue.
