Swiss Life Dividend Beats Estimates as Full-Year Profit Rises

Swiss Life Holding AG, Switzerland’s biggest life insurer, plans to pay dividend above estimates after higher fee income lifted full-year profit by 7 percent.

Swiss Life proposed a payout of 8.5 francs a share for 2015, up from 6.50 francs a year earlier, the company said in a statement Tuesday. That beat the Bloomberg Dividend Forecast of 8 francs. Net income increased to 878 million Swiss francs ($880 million), compared with an 824 million-franc average estimate of 14 analysts surveyed by Bloomberg.

The Zurich-based insurer, headed by Chief Executive Officer Patrick Frost, said in November that it planned to pay a dividend of at least 8 Swiss francs for 2015 and intends to distribute 30 percent to 50 percent of profit in dividends after years of payouts that trailed its peers.

Before it's here, it's on the Bloomberg Terminal.