May 9, 2019 / 5:19 AM / 11 days ago

Swiss Life reports 44 pct jump in Q1 premiums

ZURICH, May 9 (Reuters) - Swiss Life reported a 44 percent increase in premiums in the first quarter, helped by the withdrawal of a competitor in Switzerland that boosted demand for full insurance solutions.

Premiums rose to 9.9 billion Swiss francs ($9.70 billion), with premiums in Switzerland up by more than two thirds, Switzerland's biggest life insurer said in a statement on Thursday.

Fee income rose by 11 percent in local currency to 429 million francs in the first quarter, Swiss Life said. ($1 = 1.0205 Swiss francs) (Reporting by Silke Koltrowitz, Editing by Michael Shields)

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