Swiss Life Holding AG Balance Sheet

Financials in millions CHF. Fiscal year is January - December.

Millions CHF. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Investments in Debt Securities	49,178	54,298	58,291	62,362	86,188
Investments in Equity & Preferred Securities	1,321	577	990	10,174	10,354
Other Investments	1,365	-	1,775	1,018	646
Total Investments	180,906	182,201	178,906	179,372	204,521
Cash & Equivalents	5,266	5,055	5,888	6,910	7,208
Reinsurance Recoverable	2,048	2,080	2,079	1,692	1,003
Other Receivables	12,420	14,040	12,643	14,415	16,460
Deferred Policy Acquisition Cost	-	-	-	-	1,499
Property, Plant & Equipment	1,279	1,128	1,204	932	557
Goodwill	1,594	1,588	1,559	1,569	1,575
Other Intangible Assets	155	143	142	145	183
Other Current Assets	2,356	2,571	4,134	4,737	3,020
Long-Term Deferred Tax Assets	244	313	274	260	71
Long-Term Deferred Charges	104	121	129	124	321
Other Long-Term Assets	12,753	9,693	6,487	3,284	4,006
Total Assets	219,125	218,933	213,445	213,440	240,424
Accrued Expenses	1,148	1,149	1,096	1,105	999
Insurance & Annuity Liabilities	165,231	163,079	159,830	156,115	154,814
Unpaid Claims	-	-	-	-	7,408
Unearned Premiums	-	-	-	-	112
Reinsurance Payable	50	24	18	14	177
Current Portion of Long-Term Debt	350	954	179	650	470
Current Portion of Leases	39	39	39	39	36
Short-Term Debt	4,448	4,755	3,144	2,887	4,072
Current Income Taxes Payable	330	406	362	424	341
Long-Term Debt	9,835	8,925	9,715	12,584	8,234
Long-Term Leases	178	149	190	210	188
Long-Term Deferred Tax Liabilities	1,001	962	986	1,033	2,430
Separate Account Liability	-	-	-	-	33,805
Other Current Liabilities	422	379	397	589	743
Other Long-Term Liabilities	27,827	29,416	28,254	27,833	8,513
Total Liabilities	211,646	211,265	205,146	204,232	223,903
Common Stock	3	3	3	3	3
Additional Paid-In Capital	-	15	17	17	15
Retained Earnings	9,491	9,395	9,499	9,738	13,189
Treasury Stock	-470	-121	-388	-640	-285
Comprehensive Income & Other	-1,712	-1,772	-957	-30	3,479
Total Common Equity	7,312	7,520	8,174	9,088	16,401
Minority Interest	167	148	125	120	120
Shareholders' Equity	7,479	7,668	8,299	9,208	16,521
Total Liabilities & Equity	219,125	218,933	213,445	213,440	240,424
Filing Date Shares Outstanding	27.95	28.53	28.82	29.56	31.53
Total Common Shares Outstanding	27.95	28.53	28.82	29.56	31.53
Total Debt	14,850	14,822	13,267	16,370	13,000
Net Cash (Debt)	-9,584	-9,767	-7,379	-9,460	-5,792
Net Cash Per Share	-338.54	-340.27	-252.17	-311.81	-185.52
Book Value Per Share	252.71	254.83	260.21	284.57	498.79
Tangible Book Value	5,563	5,789	6,473	7,374	14,643
Tangible Book Value Per Share	190.12	194.16	201.19	226.60	443.03
Land	204	205	204	205	591
Machinery	193	183	182	923	199
Construction In Progress	-	-	-	1	22

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Insurance template. Financial Sources.