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Media release Zurich , 11 May 2021 Swiss Life increases fee income by 14 % in the first quarter The Swiss Life Group generated fee income of CHF 527 million in the first quarter of 2021. That corresponds to 14 % growth in local currency over the previous year . Premiums came to CHF 6.80 billion , a decrease of 14 % in local currency . The decline is primarily attributable to the full insurance business in Switzerland , while the semi autonomous business , which is largely not reported as premiums , was expanded further . Swiss Life Asset Managers posted net new assets of CHF 2.9 billion in TPAM business . Assets under management as at the end of March 2021 amounted to CHF 96.7 billion ( year - end 2020 : CHF 91.6 billion ) . The non - annualised direct investment yield was 0.6 % , in line with the previous year ; the net investment yield on a non - annualised basis was 0.7 % ( previous year : 0.4 % ) . The Swiss Life Group had an SST ratio of 197 % as of 1 January 2021 . Swiss Life is on track with its Group - wide programme " Swiss Life 2021 " and confirms its financial targets . ● ● SwissLife " Swiss Life has made a good start to the 2021 financial year " , says Patrick Frost , CEO of Swiss Life . " We were again able to significantly increase our fee income , thanks in particular to our advisors . The growth underpins the relevance of our business to our customers , who showed increased demand for our advice and our services in these challenging times . The decline in premiums in Switzerland is mainly due to lower single premiums in the full insurance business . The decline results from our disciplined underwriting , which puts quality before volume . Overall , we remain very well on track to achieve all our financial targets under the " Swiss Life 2021 " Group wide programme . " Growth in fee income in all divisions The Swiss Life Group expanded its fee business in all divisions in the first quarter of 2021 and generated fee income totalling CHF 527 million ( previous year : CHF 453 million ) . The 14 % growth in local currency is due to owned IFAS ( + 23 % ) , to own and third - party products and services ( + 13 % ) and to Swiss Life Asset Managers ( + 7 % ) . The Group generated premiums of Swiss Life media release 11 May 2021 1/4