Life insurer Swiss Life's 2007 net profit beat expectations and it promised shareholders a fat pay-out after a major overhaul of its business, sending its shares soaring.
The company repeated ambitious goals for 2012 set in December, saying it saw little impact from any possible further credit writedowns, despite turbulent markets.
"We are fully aware that market development of recent months poses a further challenge. However, we see no reason to adjust our goals," Chief Executive Rolf Doerig said on a conference call with journalists.
Net profit rose 44 percent to 1.345 billion Swiss francs ($1.35 billion), the group said on Thursday, well above the 1.24 billion franc average forecast in a Reuters poll.
Swiss Life wrote off its exposure to U.S. subprime mortgages, which made up less than 0.1 percent of its investment portfolio, reducing net profit by 72 million francs.