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Swiss Life Q1 gross premiums fall to 6.54 bln Sfr

ZURICH May 10 Insurer Swiss Life saw first-quarter premiums fall 1 percent in local currency to 6.54 billion Swiss francs ($6.50 billion), it said on Wednesday, slightly behind market expectations.

Five analysts polled by Reuters had on average expected gross premiums to fall 1.3 percent to 6.595 billion francs.

The Zurich-based life insurance firm said fee income rose 5 percent in local currency and its third-party asset management unit brought in 2.7 billion francs in net new assets.

($1 = 1.0066 Swiss francs) (Reporting by Brenna Hughes Neghaiwi; Editing by Michael Shields)

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