A simple subclass of UILabel that allows you to add content insets to pad the content.

InsetLabel.swift

import UIKit

class InsetLabel: UILabel {

	var contentInsets = UIEdgeInsets.zero

	override func drawText(in rect: CGRect) {
		let insetRect = UIEdgeInsetsInsetRect(rect, contentInsets)
		super.drawText(in: insetRect)
	}

	override var intrinsicContentSize: CGSize {
		return addInsets(to: super.intrinsicContentSize)
	}

	override func sizeThatFits(_ size: CGSize) -> CGSize {
		return addInsets(to: super.sizeThatFits(size))
	}

	private func addInsets(to size: CGSize) -> CGSize {
		let width = size.width + contentInsets.left + contentInsets.right
		let height = size.height + contentInsets.top + contentInsets.bottom
		return CGSize(width: width, height: height)
	}

}