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Swiss (SMI) Insurance Industry Analysis

UpdatedFeb 04, 2026
DataAggregated Company Financials
Companies5
  • 7D2.2%
  • 3M-6.0%
  • 1Y0.9%
  • YTD-6.6%

Over the last 7 days, the Insurance industry has risen 2.2%, driven by gains from every company within the industry. The industry has been flat over the past 12 months despite the gain this week. Earnings are forecast to grow by 4.7% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 04 Feb 2026CHF 152.6bCHF 110.4bCHF 10.2b17.5x15x1.4x
Fri, 02 Jan 2026CHF 164.0bCHF 112.5bCHF 10.4b18.4x15.8x1.5x
Sun, 30 Nov 2025CHF 171.3bCHF 119.7bCHF 10.9b19x15.7x1.4x
Tue, 28 Oct 2025CHF 173.1bCHF 119.2bCHF 9.9b18.6x17.4x1.5x
Thu, 25 Sep 2025CHF 165.5bCHF 119.2bCHF 9.9b18.1x16.7x1.4x
Sat, 23 Aug 2025CHF 177.1bCHF 120.1bCHF 9.9b19.6x17.9x1.5x
Mon, 21 Jul 2025CHF 167.4bCHF 119.3bCHF 9.6b18.3x17.5x1.4x
Wed, 18 Jun 2025CHF 161.8bCHF 121.0bCHF 9.7b17.7x16.7x1.3x
Fri, 16 May 2025CHF 170.7bCHF 123.6bCHF 9.7b18.3x17.5x1.4x
Sun, 13 Apr 2025CHF 155.8bCHF 121.4bCHF 9.6b16.7x16.3x1.3x
Tue, 11 Mar 2025CHF 169.4bCHF 128.4bCHF 9.9b18x17x1.3x
Thu, 06 Feb 2025CHF 159.0bCHF 139.1bCHF 8.8b18.8x18.1x1.1x
Sat, 04 Jan 2025CHF 154.1bCHF 140.1bCHF 8.9b18.1x17.4x1.1x
Mon, 02 Dec 2024CHF 155.6bCHF 136.5bCHF 8.6b18.7x18x1.1x
Wed, 30 Oct 2024CHF 144.5bCHF 139.6bCHF 9.1b18.1x15.9x1x
Fri, 27 Sep 2024CHF 145.2bCHF 136.8bCHF 8.9b18.2x16.4x1.1x
Sun, 25 Aug 2024CHF 139.3bCHF 136.2bCHF 8.9b17.3x15.7x1x
Tue, 23 Jul 2024CHF 133.3bCHF 137.5bCHF 8.9b17.6x15x1x
Thu, 20 Jun 2024CHF 135.5bCHF 136.9bCHF 8.8b17.7x15.4x1x
Sat, 18 May 2024CHF 132.8bCHF 139.8bCHF 9.0b16.9x14.7x0.9x
Mon, 15 Apr 2024CHF 127.8bCHF 138.6bCHF 8.6b16.4x14.8x0.9x
Wed, 13 Mar 2024CHF 135.5bCHF 146.8bCHF 9.3b11.9x14.6x0.9x
Fri, 09 Feb 2024CHF 123.7bCHF 122.8bCHF 9.6b11x12.8x1x
Sun, 07 Jan 2024CHF 121.7bCHF 120.6bCHF 9.4b10.6x12.9x1x
Tue, 05 Dec 2023CHF 122.9bCHF 122.7bCHF 9.6b10.7x12.8x1x
Thu, 02 Nov 2023CHF 121.8bCHF 125.3bCHF 8.6b11.5x14.2x1x
Sat, 30 Sep 2023CHF 119.1bCHF 127.4bCHF 8.6b11.4x13.8x0.9x
Mon, 28 Aug 2023CHF 113.8bCHF 121.6bCHF 8.4b11.8x13.5x0.9x
Wed, 26 Jul 2023CHF 119.2bCHF 116.1bCHF 7.8b11.7x15.2x1x
Fri, 23 Jun 2023CHF 117.1bCHF 119.0bCHF 8.0b11.4x14.6x1x
Sun, 21 May 2023CHF 120.0bCHF 119.3bCHF 8.1b11.9x14.9x1x
Tue, 18 Apr 2023CHF 118.5bCHF 118.4bCHF 7.3b12.3x16.3x1x
Thu, 16 Mar 2023CHF 114.0bCHF 121.9bCHF 7.4b11.1x15.3x0.9x
Sat, 11 Feb 2023CHF 122.2bCHF 128.1bCHF 7.1b13.2x17.1x1x
Price to Earnings Ratio

17.1x


Total Market Cap: CHF 122.2bTotal Earnings: CHF 7.1bTotal Revenue: CHF 128.1bTotal 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 13% per year over the last three years.
  • Meanwhile revenues for these companies have declined 4.8% 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 Market0.58%
Financials-0.12%
Insurance2.20%
General Insurance2.60%
Life and Health Insurance1.91%
Reinsurance1.39%
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 12.7x.
Forecasted Growth
  • Analysts are most optimistic on the General Insurance industry, expecting annual earnings growth of 7.5% 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 556.402.6%
+CHF 2.0b		-0.1%PE17.5x
SREN Swiss ReCHF 123.901.4%
+CHF 501.3m		-11.1%PE9.6x
SLHN Swiss Life HoldingCHF 854.001.9%
+CHF 453.3m		15.2%PE20.5x
HBAN Helvetia Baloise HoldingCHF 198.902.6%
+CHF 269.8m		24.8%PE19.5x
VAHN Vaudoise Assurances HoldingCHF 753.003.3%
+CHF 69.5m		48.8%PE14.5x

Latest News

SLHN
CHF 854.00
Swiss Life Holding
7D
1.9%
1Y
15.2%

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.
SREN
CHF 123.90
Swiss Re
7D
1.4%
1Y
-11.1%
HBAN
CHF 198.90
Helvetia Baloise Holding
7D
2.6%
1Y
24.8%
ZURN
CHF 556.40
Zurich Insurance Group
7D
2.6%
1Y
-0.1%

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

Analysts have raised their fair value estimate for Zurich Insurance Group from CHF 557.20 to CHF 566.42, citing slightly stronger assumptions for revenue trends and profit margins, as well as a modestly higher future P/E multiple. Valuation Changes Fair value estimate was raised slightly from CHF 557.20 to CHF 566.42.
VAHN
CHF 753.00
Vaudoise Assurances Holding
7D
3.3%
1Y
48.8%