Swiss Life Holding AG said Wednesday that nine-month fee income rose and it will resume buying back shares next year.
The Swiss financial-services group said it generated fee income of 1.40 billion Swiss francs ($1.53 billion) for the period up from CHF1.32 billion a year earlier.
Gross written premiums, policy fees and deposits received for the nine months came in at CHF15.37 billion, 15% lower than in the prior-year period.
The company said the decrease was due to "a normalization of premiums following the withdrawal of a competitor from the full-insurance business in Switzerland in 2019."
Swiss Life plans to resume its share-buyback program on Jan. 4 after temporarily suspending it in March due to the coronavirus pandemic.
It also confirmed financial targets related to its "Swiss Life 2021" plan.
Write to Kim Richters at kim.richters@wsj.com
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