Q1 2023 Swiss Life Holding AG Trading Statement Call Transcript
Ladies and gentlemen, welcome to the Swiss Life's Q1 2023 Trading Update Conference Call and Live Webcast. I am Sandra, the Chorus Call operator. The conference must not be recorded for publication or broadcast. At this time, it's my pleasure to hand over to Mr. Matthias Aellig, Group CFO of Swiss Life. Please go ahead, sir.
Good morning, ladies and gentlemen. Thank you for dialing in and for your interest in Swiss Life. Today, we are reporting on selected top line figures for the first quarter of 2023, and we will focus, as usual, on fee income, premiums and direct investment income. Those are essentially unaffected by the transition to IFRS 17 and 9. Please note that all group figures are in Swiss francs. That figures for each business division are in local currency. Also note that all figures are unaudited and growth rates are mentioned in local currency.
Let me start with today's key messages. Fee and commission income was up by 7% to CHF 595 million driven
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