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Swiss (SMI) Insurance Industry Analysis

UpdatedMar 21, 2026
DataAggregated Company Financials
Companies5
  • 7D0.2%
  • 3M-7.4%
  • 1Y-8.4%
  • YTD-7.9%

In the last week, the Insurance industry is up 1.7%, with Zurich Insurance Group up 0.5%. In the past year, the industry is down 7.6%. As for the next few years, earnings are expected to grow by 4.5% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 21 Mar 2026CHF 154.1bCHF 114.1bCHF 10.9b15.1x14.1x1.4x
Mon, 16 Feb 2026CHF 153.1bCHF 109.6bCHF 10.1b17.5x15.1x1.4x
Wed, 14 Jan 2026CHF 155.9bCHF 113.3bCHF 10.5b17.4x14.9x1.4x
Fri, 12 Dec 2025CHF 157.8bCHF 112.5bCHF 10.4b17.9x15.2x1.4x
Sun, 09 Nov 2025CHF 171.1bCHF 120.3bCHF 10.0b18.5x17.1x1.4x
Tue, 07 Oct 2025CHF 172.8bCHF 119.2bCHF 9.9b18.4x17.4x1.4x
Thu, 04 Sep 2025CHF 168.2bCHF 120.1bCHF 9.9b18.6x17x1.4x
Sat, 02 Aug 2025CHF 168.1bCHF 119.7bCHF 9.6b18.4x17.5x1.4x
Mon, 30 Jun 2025CHF 162.4bCHF 119.1bCHF 9.6b17.9x17x1.4x
Wed, 28 May 2025CHF 170.9bCHF 122.2bCHF 9.8b18.3x17.4x1.4x
Fri, 25 Apr 2025CHF 166.4bCHF 122.7bCHF 9.7b17.8x17.2x1.4x
Sun, 23 Mar 2025CHF 172.5bCHF 128.8bCHF 10.0b17.7x17.2x1.3x
Tue, 18 Feb 2025CHF 162.1bCHF 139.1bCHF 8.8b19.3x18.4x1.2x
Thu, 16 Jan 2025CHF 153.7bCHF 140.5bCHF 8.9b18x17.3x1.1x
Sat, 14 Dec 2024CHF 154.4bCHF 138.1bCHF 8.7b18.1x17.7x1.1x
Mon, 11 Nov 2024CHF 146.0bCHF 140.6bCHF 9.1b18.1x16x1x
Wed, 09 Oct 2024CHF 142.0bCHF 138.4bCHF 9.0b17.8x15.8x1x
Fri, 06 Sep 2024CHF 140.6bCHF 136.3bCHF 8.9b17.6x15.9x1x
Sun, 04 Aug 2024CHF 130.5bCHF 133.8bCHF 8.6b17.4x15.1x1x
Tue, 02 Jul 2024CHF 136.5bCHF 139.2bCHF 9.0b17.8x15.2x1x
Thu, 30 May 2024CHF 133.3bCHF 140.5bCHF 9.1b16.8x14.7x0.9x
Sat, 27 Apr 2024CHF 124.1bCHF 141.3bCHF 8.6b16.2x14.4x0.9x
Mon, 25 Mar 2024CHF 136.2bCHF 138.9bCHF 9.2b11.8x14.8x1x
Wed, 21 Feb 2024CHF 127.5bCHF 123.9bCHF 9.7b11.3x13.2x1x
Fri, 19 Jan 2024CHF 121.3bCHF 122.3bCHF 9.6b10.7x12.7x1x
Sun, 17 Dec 2023CHF 122.8bCHF 122.5bCHF 9.6b10.5x12.8x1x
Tue, 14 Nov 2023CHF 121.9bCHF 125.4bCHF 9.9b10.8x12.4x1x
Thu, 12 Oct 2023CHF 121.2bCHF 124.6bCHF 8.5b11.5x14.2x1x
Sat, 09 Sep 2023CHF 116.7bCHF 122.5bCHF 8.5b12.4x13.7x1x
Mon, 07 Aug 2023CHF 116.5bCHF 117.7bCHF 8.2b11.7x14.1x1x
Wed, 05 Jul 2023CHF 117.1bCHF 119.0bCHF 8.0b11.2x14.6x1x
Fri, 02 Jun 2023CHF 119.9bCHF 120.0bCHF 8.1b11.6x14.8x1x
Sun, 30 Apr 2023CHF 122.1bCHF 117.9bCHF 7.2b12.4x16.9x1x
Tue, 28 Mar 2023CHF 118.5bCHF 119.8bCHF 7.3b11.5x16.1x1x
Price to Earnings Ratio

16.1x


Total Market Cap: CHF 118.5bTotal Earnings: CHF 7.3bTotal Revenue: CHF 119.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Insurance Industry Price to Earnings3Y Average 15.6x202420252026
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 15.6x.
  • 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, 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 Market-3.73%
Financials-0.35%
Insurance0.22%
General Insurance0.64%
Life and Health Insurance0.49%
Reinsurance-0.97%
Industry PE
  • Investors are most optimistic about the Life and Health Insurance industry which is trading above its 3-year average PE ratio of 16.6x.
    • Analysts are expecting annual earnings growth of 6.3%, 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 15.6x.
Forecasted Growth
  • Analysts are most optimistic on the General Insurance industry, expecting annual earnings growth of 6.8% 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 decline by 2.1% 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 540.800.5%
+CHF 388.4m		-11.5%PE15.1x
HBAN Helvetia Baloise HoldingCHF 196.502.3%
+CHF 238.0m		8.6%PE19.3x
SLHN Swiss Life HoldingCHF 823.800.5%
+CHF 111.8m		4.7%PE18.7x

Latest News

SLHN
CHF 823.80
Swiss Life Holding
7D
0.5%
1Y
4.7%

SLHN: Future Returns Will Likely Reflect Modest CHF 10 Upside And Stable Assumptions

Analysts have increased their Swiss Life Holding price target by CHF 10, citing slightly adjusted assumptions for fair value, discount rate, revenue growth, profit margin and future P/E as the basis for the change. Analyst Commentary Bullish Takeaways Bullish analysts view the CHF 10 uplift to fair value as consistent with their revised assumptions on discount rates and P/E, indicating that they see the current share price as not fully reflecting those inputs.
SREN
CHF 128.00
Swiss Re
7D
-1.0%
1Y
-13.8%

SREN: Shares Will Balance Dividend Upside With Cautious Earnings Multiple Reset

Analysts have trimmed the blended Swiss Re price target, citing lower revenue growth expectations, a higher profit margin assumption, and a slightly lower future P/E. Newer Street targets have moved to CHF 118 and CHF 145, compared with earlier levels of CHF 120, CHF 130, and CHF 155.
ZURN
CHF 540.80
Zurich Insurance Group
7D
0.5%
1Y
-11.5%
VAHN
CHF 741.00
Vaudoise Assurances Holding
7D
-1.3%
1Y
33.8%
HBAN
CHF 196.50
Helvetia Baloise Holding
7D
2.3%
1Y
8.6%

HBAN: Revenue Assumptions And Margin Pressures Will Shape A Balanced Outlook

Analysts have maintained their CHF190.00 price target on Helvetia Baloise Holding, citing adjustments in revenue growth assumptions, profit margin expectations, and the projected forward P/E as reasons for keeping their view unchanged. Valuation Changes Fair Value: CHF190.00 is unchanged, indicating the assessed intrinsic value per share remains the same as before.