India, March 14 -- Swiss Life Holding AG (SZLMY.PK) reported Thursday that its fiscal 2023 net profit was 1.11 billion Swiss francs, compared to last year's 1.03 billion francs on a comparable basis. In local surrency, profit grew 9 percent.
Adjusted profit from operations came to 1.497 billion francs, compared to 1.495 billion in the previous year on a comparable basis.
Under IFRS 17 and the now discontinued IAS 39 standard, the prior year's net profit would have been 1.19 billion francs and profit from operations would have been 1.74 billion francs.
Gross written premiums in 2023 came to 19.84 billion francs, up 1 percent from last year's 19.60 billion francs on a comparable basis. The increase was 3 percent in local currency.
The Swi...