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Swiss (SMI) Insurance Industry Analysis

UpdatedDec 24, 2025
DataAggregated Company Financials
Companies5
  • 7D2.2%
  • 3M5.0%
  • 1Y13.7%
  • YTD11.9%

All of the companies in the Insurance industry have been up over the last week, with the industry up 2.2%. This takes the industry's 12 month performance to a gain of 14%. Earnings are forecast to grow by 5.2% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 24 Dec 2025CHF 163.9bCHF 112.1bCHF 10.4b18.5x15.8x1.5x
Fri, 21 Nov 2025CHF 166.6bCHF 120.0bCHF 11.0b18.5x15.2x1.4x
Sun, 19 Oct 2025CHF 167.7bCHF 118.9bCHF 9.9b18.1x16.9x1.4x
Tue, 16 Sep 2025CHF 168.8bCHF 119.1bCHF 9.9b18.5x17x1.4x
Thu, 14 Aug 2025CHF 175.6bCHF 120.5bCHF 9.6b19.2x18.2x1.5x
Sat, 12 Jul 2025CHF 165.2bCHF 118.7bCHF 9.5b18x17.3x1.4x
Mon, 09 Jun 2025CHF 169.7bCHF 121.6bCHF 9.8b18.4x17.4x1.4x
Wed, 07 May 2025CHF 173.8bCHF 122.1bCHF 9.6b18.8x18.1x1.4x
Fri, 04 Apr 2025CHF 173.4bCHF 126.3bCHF 10.0b18.1x17.4x1.4x
Sun, 02 Mar 2025CHF 166.8bCHF 130.8bCHF 9.9b18.2x16.8x1.3x
Tue, 28 Jan 2025CHF 155.3bCHF 139.0bCHF 8.8b18.5x17.7x1.1x
Thu, 26 Dec 2024CHF 151.7bCHF 139.0bCHF 8.8b17.8x17.2x1.1x
Sat, 23 Nov 2024CHF 154.6bCHF 138.3bCHF 8.8b18.6x17.7x1.1x
Mon, 21 Oct 2024CHF 147.5bCHF 139.3bCHF 9.0b18.3x16.3x1.1x
Wed, 18 Sep 2024CHF 143.6bCHF 137.0bCHF 8.9b18.1x16.2x1x
Fri, 16 Aug 2024CHF 134.7bCHF 137.3bCHF 9.2b16.8x14.7x1x
Sun, 14 Jul 2024CHF 135.7bCHF 138.1bCHF 8.9b17.7x15.3x1x
Tue, 11 Jun 2024CHF 135.2bCHF 138.4bCHF 8.9b17.2x15.2x1x
Thu, 09 May 2024CHF 128.4bCHF 140.6bCHF 8.6b16.8x14.9x0.9x
Sat, 06 Apr 2024CHF 131.6bCHF 139.0bCHF 8.9b13.7x14.8x0.9x
Mon, 04 Mar 2024CHF 130.7bCHF 147.4bCHF 9.3b11.4x14x0.9x
Wed, 31 Jan 2024CHF 124.6bCHF 121.6bCHF 9.5b11.1x13.1x1x
Fri, 29 Dec 2023CHF 120.7bCHF 119.6bCHF 9.4b10.6x12.9x1x
Sun, 26 Nov 2023CHF 123.0bCHF 123.5bCHF 9.7b10.8x12.7x1x
Tue, 24 Oct 2023CHF 117.8bCHF 123.5bCHF 8.5b11.1x13.9x1x
Thu, 21 Sep 2023CHF 121.2bCHF 123.4bCHF 8.4b12.2x14.4x1x
Sat, 19 Aug 2023CHF 113.2bCHF 121.4bCHF 8.4b11.7x13.4x0.9x
Mon, 17 Jul 2023CHF 115.2bCHF 115.9bCHF 7.8b11.3x14.7x1x
Wed, 14 Jun 2023CHF 118.4bCHF 119.8bCHF 8.1b11.7x14.6x1x
Fri, 12 May 2023CHF 119.0bCHF 118.9bCHF 8.0b11.7x14.8x1x
Sun, 09 Apr 2023CHF 126.2bCHF 118.8bCHF 7.3b12.4x17.3x1.1x
Tue, 07 Mar 2023CHF 128.0bCHF 123.3bCHF 7.1b14.8x17.9x1x
Thu, 02 Feb 2023CHF 124.9bCHF 127.1bCHF 7.1b13.1x17.6x1x
Sat, 31 Dec 2022CHF 120.3bCHF 128.0bCHF 7.1b11.6x16.8x0.9x
Price to Earnings Ratio

16.8x


Total Market Cap: CHF 120.3bTotal Earnings: CHF 7.1bTotal Revenue: CHF 128.0bTotal 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 1.5x.
Past Earnings Growth
  • The earnings for companies in the Insurance industry have grown 13% per year over the last three years.
  • Meanwhile revenues for these companies have declined 4.3% 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 Market1.46%
Financials2.78%
Insurance2.21%
Life and Health Insurance2.89%
General Insurance2.31%
Reinsurance1.53%
Industry PE
  • Investors are most optimistic about the Life and Health Insurance industry which is trading above its 3-year average PE ratio of 15.9x.
    • 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 of 1.9x.
Forecasted Growth
  • Analysts are most optimistic on the General Insurance industry, expecting annual earnings growth of 8.4% 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 3.6% 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 601.202.1%
+CHF 1.7b		11.5%PE18.5x
SLHN Swiss Life HoldingCHF 920.002.9%
+CHF 731.0m		32.1%PE22.1x
SREN Swiss ReCHF 132.701.5%
+CHF 589.8m		1.8%PE10.1x
HBAN Helvetia Baloise HoldingCHF 209.803.9%
+CHF 412.6m		41.9%PE20.6x
VAHN Vaudoise Assurances HoldingCHF 710.003.8%
+CHF 75.3m		44.6%PE13.7x

Latest News

ZURN
CHF 601.20
Zurich Insurance Group
7D
2.1%
1Y
11.5%

ZURN: Slightly Stronger Margins Will Support A Steady Risk Reward Profile

Analysts have nudged their price target on Zurich Insurance Group slightly higher to CHF 558.40 from CHF 557.23, citing modestly improved long term profit margin expectations and a marginally richer justified earnings multiple, despite still subdued revenue growth assumptions. Valuation Changes Fair Value: Increased slightly from CHF 557.23 to CHF 558.40, implying a marginally higher intrinsic valuation per share.
SREN
CHF 132.70
Swiss Re
7D
1.5%
1Y
1.8%

SREN: Shares Will Track Softer Reinsurance Cycle And Narrowing Peer Premium

Analysts have trimmed their price target on Swiss Re by about CHF 9 to reflect slightly lower long term revenue growth, a modestly reduced profit margin outlook, and a lower assumed future P E multiple, as the reinsurance market is expected to soften into 2026. Analyst Commentary Recent Street research on Swiss Re reflects a more balanced and selective stance, with enthusiasm around the group s execution giving way to greater scrutiny of valuation and cycle risk.
SLHN
CHF 920.00
Swiss Life Holding
7D
2.9%
1Y
32.1%
HBAN
CHF 209.80
Helvetia Baloise Holding
7D
3.9%
1Y
41.9%
VAHN
CHF 710.00
Vaudoise Assurances Holding
7D
3.8%
1Y
44.6%