The company, which currently maintains roughly 11,000 full-time roles globally, expects to initiate 100 redundancies before the current year concludes. Chief Executive Matthias Aellig stated that the move is designed to leverage digitization to capture emerging market opportunities, building on a three-year strategic plan launched in late 2024.
In section Market Quotes
Swiss Life to Eliminate 600 Roles to Bolster Efficiency
Swiss Life intends to cut approximately 600 positions by the end of 2028, aiming to streamline operations and enhance long-term profitability. The Zurich-based insurer will primarily rely on natural attrition to manage the reduction, splitting the impact between its domestic Swiss workforce and international asset-management branches.
Alongside the restructuring, the firm announced a new 250 million Swiss franc share buyback program, following the successful completion of a 750 million-franc initiative in May. Financial performance remains robust, with net profit for the first half of 2026 climbing to 643 million francs from 585 million francs a year prior. Gross written premiums also saw a 1.8% increase, reaching 12.33 billion francs, driven largely by a 7.1% expansion within the Swiss market.
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