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Media release Zurich , 9 November 2021 Ad hoc announcement pursuant to Art . 53 LR Swiss Life increases fee income by 15 % in the first three quarters The Swiss Life Group generated fee income of CHF 1.64 billion in the first nine months of the year . This corresponds to 15 % growth in local currency compared to the previous year . ● ● Swiss Life Premiums came to CHF 15.2 billion . The 2 % decrease in local currency is mainly due to the full insurance business in Switzerland . Swiss Life Asset Managers posted net new assets of CHF 6.3 billion in TPAM business . Assets under management in TPAM business came to CHF 100 billion at the end of September 2021 ( year - end 2020 : CHF 92 billion ) . Direct investment income at CHF 2.95 billion was at the prior - year level ( CHF 2.96 billion ) . The non - annualised direct investment yield was 1.7 % ( previous year : 1.8 % ) ; the net investment yield on a non - annualised basis increased to 2.0 % ( previous year : 1.4 % ) . Swiss Life estimates its SST ratio at around 210 % as at the end of September 2021 . Swiss Life will achieve or exceed the financial targets under the " Swiss Life 2021 " Group - wide programme . " We were able to continue on our successful path and further expand our business in those areas of strategic relevance to us , " says Patrick Frost , Group CEO of Swiss Life . " The growth of our fee income is broadly based , and all divisions contributed to it . We are convinced that we will achieve or exceed our financial targets under our " Swiss Life 2021 " Group - wide programme . This puts us in an excellent position to further develop Swiss Life successfully . In addition , we will present our goals for the next strategic period at the Investor Day on 25 November 2021. " All divisions increase fee income The Swiss Life Group generated fee income totalling CHF 1635 million in the first nine months of 2021. All divisions contributed to the 15 % increase in local currency . Fee income from own and third - party products increased by 20 % , from owned IFAs by 16 % and from Swiss Life Asset Managers by 5 % . Swiss Life media release of 9 November 2021 1/4