Segment Reporting —  Swiss Life not only reports its insurance business by country (Switzerland, France, Germany), it also discloses separately the results of its cross-border segments, namely Insurance Other, AWD, and Investment Management. In 2010, Swiss Life generated an overall segment profit from operations of CHF 694 million  (2009: CHF 562 million). Insurance Switzerland made the strongest contribution to this solid result.

2010 was a strong year for Swiss Life. The company posted a profit of CHF 488 million in its home market Switzerland, CHF 82 million in France and CHF 102 million in Germany. The Investment Management segment generated a profit of CHF 103 million, and AWD a profit of CHF 43 million. Only the Insurance Other segment reported an investment-related loss (CHF 35 million).

All segments generated significant operational improvements and therefore higher profit from operations. AWD successfully returned to profitability. Gross written premiums, policy fees and deposits received for all segments remained at the previous year’s level of CHF 20.2 billion.