Operator

Ladies and gentlemen, welcome to the Swiss Life Q1 2026 Trading Update Conference Call and Live Webcast. I am Sandra, the Chorus Call operator.

[Operator Instructions]

The conference is being recorded.

[Operator Instructions]

The conference must not be recorded for publication or broadcast.

At this time, it is my pleasure to hand over to Matthias Aellig, Group CEO of Swiss Life. Please go ahead, sir.

Matthias Aellig
Group CEO & Member of Corporate Executive Board

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 2026. I will start with an overview, and our Group CFO, Marco Gerussi, will give you more details.

We had a good start to the year with pleasing top line growth in the first quarter of 2026, both the fee and the insurance businesses contributed to this growth. Swiss Life increased its fee and commission income by 6% in local currency to CHF 686 million, with all businesses contributing. Gross written premiums, fees and deposits received increased by 5% in local currency to CHF 8.2 billion. Swiss Life Asset Managers reported strong net new assets of