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Swiss (SMI) Insurance Industry Analysis

UpdatedFeb 08, 2026
DataAggregated Company Financials
Companies5
  • 7D3.5%
  • 3M-3.2%
  • 1Y1.9%
  • YTD-4.4%

In the last week, the Insurance industry is up 3.5%, with all of the companies up. Overall in the last year, the industry is flat. As for the next few years, earnings are expected to grow by 4.6% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 08 Feb 2026CHF 156.2bCHF 110.5bCHF 10.2b18x15.3x1.4x
Tue, 06 Jan 2026CHF 163.5bCHF 112.4bCHF 10.4b18.4x15.7x1.5x
Thu, 04 Dec 2025CHF 168.0bCHF 119.4bCHF 10.9b18.5x15.4x1.4x
Sat, 01 Nov 2025CHF 169.3bCHF 120.3bCHF 10.0b18.1x16.9x1.4x
Mon, 29 Sep 2025CHF 168.3bCHF 119.5bCHF 9.9b18.1x16.9x1.4x
Wed, 27 Aug 2025CHF 173.3bCHF 120.3bCHF 9.9b19.1x17.5x1.4x
Fri, 25 Jul 2025CHF 168.8bCHF 118.5bCHF 9.5b18.5x17.8x1.4x
Sun, 22 Jun 2025CHF 162.5bCHF 121.2bCHF 9.7b17.8x16.7x1.3x
Tue, 20 May 2025CHF 170.7bCHF 123.0bCHF 9.9b18.2x17.3x1.4x
Thu, 17 Apr 2025CHF 162.3bCHF 121.1bCHF 9.5b17.6x17x1.3x
Sat, 15 Mar 2025CHF 169.2bCHF 127.0bCHF 10.1b16.9x16.7x1.3x
Mon, 10 Feb 2025CHF 161.1bCHF 140.1bCHF 8.9b18.9x18.2x1.2x
Wed, 08 Jan 2025CHF 155.9bCHF 139.9bCHF 8.9b18.2x17.6x1.1x
Fri, 06 Dec 2024CHF 155.8bCHF 136.4bCHF 8.6b18.4x18.1x1.1x
Sun, 03 Nov 2024CHF 143.5bCHF 140.0bCHF 9.1b18x15.8x1x
Tue, 01 Oct 2024CHF 144.0bCHF 136.9bCHF 8.9b18x16.2x1.1x
Thu, 29 Aug 2024CHF 140.1bCHF 135.5bCHF 8.8b17.5x15.8x1x
Sat, 27 Jul 2024CHF 134.5bCHF 136.8bCHF 8.8b17.6x15.3x1x
Mon, 24 Jun 2024CHF 136.1bCHF 138.1bCHF 8.9b17.6x15.3x1x
Wed, 22 May 2024CHF 133.2bCHF 140.1bCHF 9.0b17x14.8x1x
Fri, 19 Apr 2024CHF 123.7bCHF 138.4bCHF 8.6b16.1x14.3x0.9x
Sun, 17 Mar 2024CHF 135.9bCHF 137.5bCHF 9.1b12x15x1x
Tue, 13 Feb 2024CHF 124.1bCHF 123.0bCHF 9.6b11.1x12.9x1x
Thu, 11 Jan 2024CHF 121.8bCHF 120.7bCHF 9.5b10.6x12.9x1x
Sat, 09 Dec 2023CHF 124.3bCHF 123.5bCHF 9.7b10.6x12.8x1x
Mon, 06 Nov 2023CHF 123.3bCHF 124.2bCHF 8.5b11.7x14.5x1x
Wed, 04 Oct 2023CHF 111.4bCHF 119.8bCHF 8.1b11.4x13.7x0.9x
Fri, 01 Sep 2023CHF 116.0bCHF 121.5bCHF 8.4b12.1x13.7x1x
Sun, 30 Jul 2023CHF 120.1bCHF 116.5bCHF 7.9b11.8x15.2x1x
Tue, 27 Jun 2023CHF 117.6bCHF 118.9bCHF 8.0b11.4x14.6x1x
Thu, 25 May 2023CHF 118.3bCHF 119.8bCHF 8.1b11.7x14.6x1x
Sat, 22 Apr 2023CHF 122.2bCHF 117.8bCHF 7.2b12.5x16.9x1x
Mon, 20 Mar 2023CHF 113.9bCHF 121.4bCHF 7.4b10.9x15.3x0.9x
Wed, 15 Feb 2023CHF 123.7bCHF 122.3bCHF 6.6b13.3x18.8x1x
Price to Earnings Ratio

18.8x


Total Market Cap: CHF 123.7bTotal Earnings: CHF 6.6bTotal Revenue: CHF 122.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Insurance Industry Price to Earnings3Y Average 15.7x202420252026
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 15.7x.
  • The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.4x.
Past Earnings Growth
  • The earnings for companies in the Insurance industry have grown 16% per year over the last three years.
  • Meanwhile revenues for these companies have declined 3.3% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

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

CH Market2.20%
Financials-0.86%
Insurance3.45%
General Insurance3.83%
Reinsurance3.24%
Life and Health Insurance2.34%
Industry PE
  • Investors are most optimistic about the Life and Health Insurance industry which is trading above its 3-year average PE ratio of 16.3x.
    • Analysts are expecting annual earnings growth of 6.4%, which is lower than the prior year's growth of 9.0% per year.
  • Investors are most pessimistic about the Reinsurance industry, which is trading below its 3-year average of 13.8x.
Forecasted Growth
  • Analysts are most optimistic on the General Insurance industry, expecting annual earnings growth of 7.4% over the next 5 years.
  • However this is lower than its past earnings growth rate of 20% per year.
  • In contrast, the Reinsurance industry is expected to see its earnings decline by 3.4% per year 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 573.004.4%
+CHF 3.4b		1.7%PE18x
SREN Swiss ReCHF 127.453.2%
+CHF 1.2b		-10.0%PE9.9x
SLHN Swiss Life HoldingCHF 866.202.3%
+CHF 561.0m		14.7%PE20.8x
VAHN Vaudoise Assurances HoldingCHF 749.001.9%
+CHF 40.5m		48.6%PE14.5x
HBAN Helvetia Baloise HoldingCHF 196.000.2%
+CHF 15.9m		21.9%PE19.2x

Latest News

ZURN
CHF 573.00
Zurich Insurance Group
7D
4.4%
1Y
1.7%

ZURN: Future Returns Will Depend On Slightly Firmer Margins And P/E Assumptions

Analysts have trimmed their fair value estimate for Zurich Insurance Group to CHF 563.37 from about CHF 566.42, citing updated assumptions on revenue growth, profit margins and future P/E expectations. Valuation Changes Fair value estimate reduced slightly to CHF 563.37 from CHF 566.42.
SREN
CHF 127.45
Swiss Re
7D
3.2%
1Y
-10.0%

SREN: Shares Will Reflect Cautious Cycle, Tighter Peer Premium And AI Upside

Analysts have trimmed their fair value estimate for Swiss Re from CHF 133.89 to CHF 127.37, reflecting lower assumed revenue growth, a reduced future P/E multiple of 13.40, and a slightly higher profit margin outlook. Together, these factors support a more cautious price target stance following recent research updates and the latest downgrade headlines.
SLHN
CHF 866.20
Swiss Life Holding
7D
2.3%
1Y
14.7%

SLHN: Future Returns Will Likely Reflect Balanced CHF 836 Fair Value And Sector Optimism

Analysts have slightly reduced their fair value estimate for Swiss Life Holding to CHF 836.17 from CHF 837.83, citing updated pricing assumptions. They also referenced recent price target increases in sector research, where targets have risen from CHF 859 to CHF 939, as context for their revised outlook.
HBAN
CHF 196.00
Helvetia Baloise Holding
7D
0.2%
1Y
21.9%
VAHN
CHF 749.00
Vaudoise Assurances Holding
7D
1.9%
1Y
48.6%