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Swiss (SMI) Insurance Industry Analysis

UpdatedDec 09, 2025
DataAggregated Company Financials
Companies5
  • 7D-2.2%
  • 3M-1.3%
  • 1Y7.6%
  • YTD7.6%

Over the last 7 days, the Insurance industry has dropped 2.2%, driven by Swiss Re declining 7.7%. This takes the industry's 12 month performance to a gain of 7.6%. Earnings are forecast to grow by 5.3% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 09 Dec 2025CHF 157.5bCHF 114.2bCHF 10.5b17.3x14.9x1.4x
Thu, 06 Nov 2025CHF 172.0bCHF 121.0bCHF 10.1b18.3x17.1x1.4x
Sat, 04 Oct 2025CHF 169.8bCHF 119.2bCHF 9.9b18.1x17.1x1.4x
Mon, 01 Sep 2025CHF 173.2bCHF 120.0bCHF 9.9b19x17.5x1.4x
Wed, 30 Jul 2025CHF 168.4bCHF 119.8bCHF 9.6b18.4x17.5x1.4x
Fri, 27 Jun 2025CHF 161.6bCHF 119.1bCHF 9.6b17.9x16.9x1.4x
Sun, 25 May 2025CHF 169.2bCHF 121.5bCHF 9.7b18.2x17.4x1.4x
Tue, 22 Apr 2025CHF 163.3bCHF 121.5bCHF 9.6b17.6x17.1x1.3x
Thu, 20 Mar 2025CHF 172.4bCHF 128.2bCHF 10.0b17.7x17.3x1.3x
Sat, 15 Feb 2025CHF 160.9bCHF 138.7bCHF 8.8b19.1x18.3x1.2x
Mon, 13 Jan 2025CHF 151.4bCHF 141.0bCHF 8.9b17.6x17x1.1x
Wed, 11 Dec 2024CHF 152.5bCHF 136.8bCHF 8.7b18x17.6x1.1x
Fri, 08 Nov 2024CHF 147.3bCHF 140.2bCHF 9.1b18.2x16.2x1.1x
Sun, 06 Oct 2024CHF 143.5bCHF 138.5bCHF 9.0b17.8x16x1x
Tue, 03 Sep 2024CHF 140.3bCHF 136.7bCHF 8.9b17.5x15.7x1x
Thu, 01 Aug 2024CHF 135.3bCHF 136.1bCHF 8.8b17.8x15.4x1x
Sat, 29 Jun 2024CHF 135.3bCHF 138.6bCHF 8.9b17.6x15.2x1x
Mon, 27 May 2024CHF 133.4bCHF 140.6bCHF 9.1b16.9x14.7x0.9x
Wed, 24 Apr 2024CHF 127.2bCHF 141.0bCHF 8.6b16.6x14.7x0.9x
Fri, 22 Mar 2024CHF 136.9bCHF 138.9bCHF 9.2b11.9x14.9x1x
Sun, 18 Feb 2024CHF 126.3bCHF 123.9bCHF 9.7b11.2x13x1x
Tue, 16 Jan 2024CHF 123.2bCHF 121.1bCHF 9.5b10.7x13x1x
Thu, 14 Dec 2023CHF 125.4bCHF 123.0bCHF 9.7b10.7x13x1x
Sat, 11 Nov 2023CHF 120.8bCHF 125.6bCHF 9.9b10.7x12.2x1x
Mon, 09 Oct 2023CHF 118.7bCHF 125.2bCHF 8.6b11.4x13.8x0.9x
Wed, 06 Sep 2023CHF 115.8bCHF 122.1bCHF 8.5b12.2x13.7x0.9x
Fri, 04 Aug 2023CHF 115.9bCHF 117.1bCHF 7.9b11.5x14.7x1x
Sun, 02 Jul 2023CHF 117.1bCHF 118.8bCHF 8.0b11.1x14.6x1x
Tue, 30 May 2023CHF 119.3bCHF 119.7bCHF 8.1b11.8x14.8x1x
Thu, 27 Apr 2023CHF 120.9bCHF 117.6bCHF 7.2b12.3x16.8x1x
Sat, 25 Mar 2023CHF 117.7bCHF 120.6bCHF 7.4b11x16x1x
Mon, 20 Feb 2023CHF 124.2bCHF 122.8bCHF 6.6b13.5x18.9x1x
Wed, 18 Jan 2023CHF 122.4bCHF 127.8bCHF 7.1b12.9x17.2x1x
Fri, 16 Dec 2022CHF 118.5bCHF 128.4bCHF 7.2b11.7x16.5x0.9x
Price to Earnings Ratio

16.5x


Total Market Cap: CHF 118.5bTotal Earnings: CHF 7.2bTotal Revenue: CHF 128.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Insurance Industry Price to Earnings3Y Average 15.8x202320242025
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 15.8x.
  • 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 14% per year over the last three years.
  • Meanwhile revenues for these companies have declined 3.9% 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 Market0.93%
Financials1.12%
Insurance-2.22%
Life and Health Insurance0.48%
General Insurance-0.52%
Reinsurance-7.68%
Industry PE
  • Investors are most optimistic about the Life and Health Insurance industry which is trading above its 3-year average PE ratio of 15.8x.
    • Analysts are expecting annual earnings growth of 6.6%, which is lower than the prior year's growth of 9.0% per year.
  • Investors are most pessimistic about the Reinsurance industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
  • Analysts are most optimistic on the General Insurance industry, expecting annual earnings growth of 8.3% 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 2.8% 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
SLHN Swiss Life HoldingCHF 876.400.5%
+CHF 119.0m		27.2%PE21x
VAHN Vaudoise Assurances HoldingCHF 670.001.2%
+CHF 23.2m		35.6%PE12.9x

Latest News

ZURN
CHF 576.00
Zurich Insurance Group
7D
-0.1%
1Y
4.0%

ZURN: Modest Profitability Gains Will Support Balanced Risk Reward Profile Ahead

Analysts have nudged their price target on Zurich Insurance Group slightly higher to roughly CHF 557 from about CHF 555, reflecting modestly improved expectations for future profitability and valuation multiples, despite slightly softer top line growth assumptions. Valuation Changes The fair value estimate has risen slightly, moving from approximately CHF 554.90 to CHF 557.23, implying a modest uplift in intrinsic valuation.
BALN
CHF 198.00
Baloise Holding
7D
-5.8%
1Y
20.0%
SREN
CHF 130.50
Swiss Re
7D
-7.7%
1Y
-0.3%

SREN: Shares Will Likely Track Softer Reinsurance Cycle And Peer Discount Dynamics

Analysts have trimmed their price target for Swiss Re to CHF 142.85 from CHF 143.79, reflecting slightly higher revenue growth assumptions, offset by a marginally lower profit margin and modestly reduced future valuation multiples amid a softening reinsurance market and concerns that the stock should trade at a discount to certain European peers. Analyst Commentary Recent research updates highlight a shift in sentiment around Swiss Re, with valuation concerns and expectations for a softer reinsurance market driving more cautious stances.
HELN
CHF 195.00
Helvetia Baloise Holding
7D
-3.8%
1Y
29.4%
SLHN
CHF 876.40
Swiss Life Holding
7D
0.5%
1Y
27.2%

SLHN: Future Prospects Will Reflect Balanced Outlook Amid Recent Share Buybacks

Swiss Life Holding’s analyst price target has increased from CHF 809.91 to CHF 817.82. This reflects a modest upward revision as analysts cite recent target hikes and ongoing optimism from key institutions.
VAHN
CHF 670.00
Vaudoise Assurances Holding
7D
1.2%
1Y
35.6%