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Swiss (SMI) Insurance Industry Analysis

UpdatedJun 25, 2026
DataAggregated Company Financials
Companies5
  • 7D1.9%
  • 3M4.4%
  • 1Y3.9%
  • YTD-2.7%

Swiss Re is up 4.0%, leading the way for the Insurance industry, which has gained 1.9%. In the last 12 months, the industry was up 3.9%. As for the next few years, earnings are expected to grow by 6.7% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 25 Jun 2026CHF 172.3bCHF 117.5bCHF 11.4b15.8x15.1x1.5x
Sat, 23 May 2026CHF 167.4bCHF 114.3bCHF 11.1b15.9x15.1x1.5x
Mon, 20 Apr 2026CHF 173.1bCHF 112.9bCHF 10.9b15.7x16x1.5x
Wed, 18 Mar 2026CHF 159.1bCHF 113.7bCHF 10.9b15.6x14.6x1.4x
Fri, 13 Feb 2026CHF 152.7bCHF 109.8bCHF 10.1b17.3x15.1x1.4x
Sun, 11 Jan 2026CHF 158.0bCHF 113.4bCHF 10.5b17.5x15.1x1.4x
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
Price to Earnings Ratio

14.6x


Total Market Cap: CHF 117.1bTotal Earnings: CHF 8.0bTotal Revenue: CHF 118.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Swiss Insurance Industry Price to Earnings3Y Average 15.5x202420252026
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 15.5x.
  • The 3-year average PS ratio of 1.2x 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 12% 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 Market1.84%
Financials0.66%
Insurance1.89%
Reinsurance4.02%
General Insurance1.46%
Life and Health Insurance0.64%
Industry PE
  • Investors are most optimistic about the Life and Health Insurance industry which is trading above its 3-year average PE ratio of 17.3x.
    • Analysts are expecting annual earnings growth of 5.8%, 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 12.9x.
Forecasted Growth
  • Analysts are most optimistic on the General Insurance industry, expecting annual earnings growth of 11% 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 4.7% 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
SREN Swiss ReCHF 126.654.0%
+CHF 1.4b		-7.9%PE9.4x
ZURN Zurich Insurance GroupCHF 585.201.6%
+CHF 1.4b		5.4%PE15.8x
HBAN Helvetia Baloise HoldingCHF 209.801.2%
+CHF 237.8m		14.0%PE38.1x
SLHN Swiss Life HoldingCHF 880.600.6%
+CHF 156.5m		9.7%PE20x

Latest News

SLHN
CHF 880.60
Swiss Life Holding
7D
0.6%
1Y
9.7%
Narrative Update • Jun 23

SLHN: Raised Price Views And Ongoing Buybacks Will Likely Keep Upside Balanced

Analysts have modestly raised their price target on Swiss Life Holding to CHF 745, an increase of CHF 10, citing updated assumptions on discount rates and long term earnings metrics following recent research updates. Analyst Commentary Recent research on Swiss Life Holding highlights a mix of cautious and supportive views, with price targets and ratings reflecting differing opinions on valuation, earnings potential and execution risks.
SREN
CHF 126.65
Swiss Re
7D
4.0%
1Y
-7.9%
Narrative Update • Jun 16

SREN: Fairly Valued Shares Will Face Softer Cycle And Catastrophe Risk

The analyst price target for Swiss Re has been trimmed slightly, with the updated fair value moving from CHF 128.79 to CHF 127.83 as analysts factor in revised assumptions for revenue growth, profit margins, and future P/E multiples following a series of recent target cuts and a downgrade on the stock. Analyst Commentary on Swiss Re Recent research on Swiss Re reflects a mix of cautious and more constructive views, with several firms trimming price targets and at least one high profile downgrade.
ZURN
CHF 585.20
Zurich Insurance Group
7D
1.6%
1Y
5.4%
New Narrative • Jun 16

Construction And Data Center Expansion Will Support Stronger Long Term Insurance Earnings

Catalysts About Zurich Insurance Group Zurich Insurance Group is a global insurer offering property and casualty, life insurance and related services across Commercial, Retail, Life and Farmers businesses. What are the underlying business or industry changes driving this perspective?
HBAN
CHF 209.80
Helvetia Baloise Holding
7D
1.2%
1Y
14.0%
Narrative Update • Jun 09

HBAN: Higher Dividend And Refined P E Framework Will Drive Future Repricing

Analysts have lifted their price target on Helvetia Baloise Holding by CHF 10 to reflect updated assumptions on growth, profitability and P/E, supported by recent research pointing to a revised fair value of CHF 267.00. What's in the News Shareholders approved all amendments to the Articles of Association for Helvetia Baloise Holding AG, confirming changes to the company bylaws and governance framework.
VAHN
CHF 779.00
Vaudoise Assurances Holding
7D
-0.9%
1Y
27.9%