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Swiss (SMI) Insurance Industry Analysis

UpdatedJun 27, 2026
DataAggregated Company Financials
Companies5
  • 7D2.2%
  • 3M4.9%
  • 1Y4.5%
  • YTD-2.1%

In the last week, the Insurance industry is up 2.2%, with all of the companies up. This means that the industry has gained 4.5% over the past year. Earnings are forecast to grow by 7.4% annually.

Industry Valuation and Performance

Has the Swiss Insurance Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 27 Jun 2026CHF 173.4bCHF 117.1bCHF 11.4b16x15.3x1.5x
Mon, 25 May 2026CHF 167.4bCHF 114.3bCHF 11.1b15.9x15.1x1.5x
Wed, 22 Apr 2026CHF 174.5bCHF 114.1bCHF 10.9b15.8x16.1x1.5x
Fri, 20 Mar 2026CHF 155.4bCHF 114.1bCHF 10.9b15.2x14.2x1.4x
Sun, 15 Feb 2026CHF 153.1bCHF 109.6bCHF 10.1b17.5x15.1x1.4x
Tue, 13 Jan 2026CHF 157.1bCHF 113.0bCHF 10.4b17.6x15.1x1.4x
Thu, 11 Dec 2025CHF 157.2bCHF 113.6bCHF 10.5b17.6x15x1.4x
Sat, 08 Nov 2025CHF 171.1bCHF 120.2bCHF 10.0b18.5x17.1x1.4x
Mon, 06 Oct 2025CHF 169.8bCHF 119.2bCHF 9.9b18.1x17.1x1.4x
Wed, 03 Sep 2025CHF 169.6bCHF 120.5bCHF 9.9b18.6x17.1x1.4x
Fri, 01 Aug 2025CHF 168.1bCHF 120.5bCHF 9.7b18.3x17.4x1.4x
Sun, 29 Jun 2025CHF 162.4bCHF 119.1bCHF 9.6b17.9x17x1.4x
Tue, 27 May 2025CHF 171.2bCHF 121.5bCHF 9.7b18.5x17.6x1.4x
Thu, 24 Apr 2025CHF 165.9bCHF 123.0bCHF 9.7b17.7x17.1x1.3x
Sat, 22 Mar 2025CHF 172.5bCHF 128.8bCHF 10.0b17.7x17.2x1.3x
Mon, 17 Feb 2025CHF 160.9bCHF 138.9bCHF 8.8b19.1x18.3x1.2x
Wed, 15 Jan 2025CHF 151.5bCHF 140.7bCHF 8.9b17.7x17x1.1x
Fri, 13 Dec 2024CHF 151.9bCHF 137.5bCHF 8.7b18x17.5x1.1x
Sun, 10 Nov 2024CHF 146.0bCHF 140.6bCHF 9.1b18.1x16x1x
Tue, 08 Oct 2024CHF 141.6bCHF 137.9bCHF 8.9b17.7x15.8x1x
Thu, 05 Sep 2024CHF 140.3bCHF 136.2bCHF 8.9b17.5x15.8x1x
Sat, 03 Aug 2024CHF 130.5bCHF 133.8bCHF 8.6b17.4x15.1x1x
Mon, 01 Jul 2024CHF 135.3bCHF 138.6bCHF 8.9b17.6x15.2x1x
Wed, 29 May 2024CHF 132.8bCHF 140.3bCHF 9.0b16.9x14.7x0.9x
Fri, 26 Apr 2024CHF 124.1bCHF 141.1bCHF 8.6b16.2x14.4x0.9x
Sun, 24 Mar 2024CHF 136.2bCHF 138.9bCHF 9.2b11.8x14.8x1x
Tue, 20 Feb 2024CHF 126.0bCHF 124.0bCHF 9.7b11.2x13x1x
Thu, 18 Jan 2024CHF 122.1bCHF 121.9bCHF 9.6b10.7x12.8x1x
Sat, 16 Dec 2023CHF 122.8bCHF 122.5bCHF 9.6b10.5x12.8x1x
Mon, 13 Nov 2023CHF 120.8bCHF 125.5bCHF 9.9b10.7x12.2x1x
Wed, 11 Oct 2023CHF 120.6bCHF 124.8bCHF 8.6b11.4x14.1x1x
Fri, 08 Sep 2023CHF 116.9bCHF 122.5bCHF 8.5b12.3x13.7x1x
Sun, 06 Aug 2023CHF 116.5bCHF 117.7bCHF 8.2b11.7x14.1x1x
Tue, 04 Jul 2023CHF 117.5bCHF 118.9bCHF 8.0b11.1x14.6x1x
Price to Earnings Ratio

14.6x


Total Market Cap: CHF 117.5bTotal Earnings: CHF 8.0bTotal Revenue: CHF 118.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Insurance Industry Price to Earnings3Y Average 15.5x202420252026
Current Industry PE
  • Investors are relatively neutral on the Swiss Insurance industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 15.5x.
  • The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 1.5x.
Past Earnings Growth
  • The earnings for companies in the Insurance industry have grown 12% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

Which industries have driven the changes within the Swiss Financials industry?

CH Market2.22%
Financials0.26%
Insurance2.18%
Reinsurance3.57%
General Insurance1.94%
Life and Health Insurance1.16%
Industry PE
  • Investors are most optimistic about the Life and Health Insurance industry which is trading above its 3-year average PE ratio of 17.3x.
    • Analysts are expecting annual earnings growth of 5.8%, which is higher than its past year's earnings growth of 1.4% per year.
  • Investors are most pessimistic about the Reinsurance industry, which is trading below its 3-year average of 12.9x.
Forecasted Growth
  • Analysts are most optimistic on the General Insurance industry, expecting annual earnings growth of 11% over the next 5 years.
  • However this is lower than its past earnings growth rate of 17% per year.
  • In contrast, the Reinsurance industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
ZURN Zurich Insurance GroupCHF 589.002.2%
+CHF 1.9b		6.1%PE16x
SREN Swiss ReCHF 127.803.6%
+CHF 1.3b		-7.0%PE9.6x
SLHN Swiss Life HoldingCHF 888.001.2%
+CHF 285.0m		10.6%PE20.2x
HBAN Helvetia Baloise HoldingCHF 209.000.8%
+CHF 158.5m		12.3%PE37.9x
VAHN Vaudoise Assurances HoldingCHF 784.002.0%
+CHF 43.4m		29.2%PE14.5x

Latest News

ZURN
CHF 589.00
Zurich Insurance Group
7D
2.2%
1Y
6.1%
Narrative Update • Jun 25

ZURN: Future Returns Will Balance Robotics Insurance Expansion And Cyclical Pricing Pressures

Analysts have modestly lifted the fair value estimate for Zurich Insurance Group to CHF 596.43 from CHF 580.51. This reflects updated assumptions around revenue growth, profit margins and a slightly higher future P/E multiple following recent price target revisions, such as Berenberg's move to CHF 902, along with ongoing neutral views from other firms.
HBAN
CHF 209.00
Helvetia Baloise Holding
7D
0.8%
1Y
12.3%
Narrative Update • Jun 24

HBAN: Raised Price Assumptions And Rich Future P/E Will Pressure Returns

Analysts have raised the Helvetia Baloise Holding price target by CHF 10 to reflect updated assumptions on discount rates, revenue growth, profit margins, and future P/E, in line with the recent CHF 10 upward revision cited in recent Street research. What's in the News Helvetia Baloise Holding AG approved all amendments to its Articles of Association, confirming changes to the company bylaws and governance framework.
SLHN
CHF 888.00
Swiss Life Holding
7D
1.2%
1Y
10.6%
Narrative Update • Jun 23

SLHN: Raised Price Views And Ongoing Buybacks Will Likely Keep Upside Balanced

Analysts have modestly raised their price target on Swiss Life Holding to CHF 745, an increase of CHF 10, citing updated assumptions on discount rates and long term earnings metrics following recent research updates. Analyst Commentary Recent research on Swiss Life Holding highlights a mix of cautious and supportive views, with price targets and ratings reflecting differing opinions on valuation, earnings potential and execution risks.
SREN
CHF 127.80
Swiss Re
7D
3.6%
1Y
-7.0%
Narrative Update • Jun 16

SREN: Fairly Valued Shares Will Face Softer Cycle And Catastrophe Risk

The analyst price target for Swiss Re has been trimmed slightly, with the updated fair value moving from CHF 128.79 to CHF 127.83 as analysts factor in revised assumptions for revenue growth, profit margins, and future P/E multiples following a series of recent target cuts and a downgrade on the stock. Analyst Commentary on Swiss Re Recent research on Swiss Re reflects a mix of cautious and more constructive views, with several firms trimming price targets and at least one high profile downgrade.
VAHN
CHF 784.00
Vaudoise Assurances Holding
7D
2.0%
1Y
29.2%