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Swiss (SMI) Insurance Industry Analysis

UpdatedJun 20, 2026
DataAggregated Company Financials
Companies5
  • 7D2.1%
  • 3M4.1%
  • 1Y2.2%
  • YTD-4.2%

The Insurance industry is up 2.1% in the last week, with Zurich Insurance Group up 2.2%. Overall in the last year, the industry is flat. As for the next few years, earnings are expected to grow by 6.8% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 20 Jun 2026CHF 169.7bCHF 116.8bCHF 11.3b15.7x15x1.5x
Mon, 18 May 2026CHF 167.5bCHF 114.5bCHF 11.1b15.8x15.1x1.5x
Wed, 15 Apr 2026CHF 170.3bCHF 112.3bCHF 10.8b15.6x15.7x1.5x
Fri, 13 Mar 2026CHF 153.1bCHF 113.9bCHF 10.8b14.9x14.1x1.3x
Sun, 08 Feb 2026CHF 156.2bCHF 110.5bCHF 10.2b18x15.3x1.4x
Tue, 06 Jan 2026CHF 163.5bCHF 112.4bCHF 10.4b18.4x15.7x1.5x
Thu, 04 Dec 2025CHF 168.0bCHF 119.4bCHF 10.9b18.5x15.4x1.4x
Sat, 01 Nov 2025CHF 169.3bCHF 120.3bCHF 10.0b18.1x16.9x1.4x
Mon, 29 Sep 2025CHF 168.3bCHF 119.5bCHF 9.9b18.1x16.9x1.4x
Wed, 27 Aug 2025CHF 173.3bCHF 120.3bCHF 9.9b19.1x17.5x1.4x
Fri, 25 Jul 2025CHF 168.8bCHF 118.5bCHF 9.5b18.5x17.8x1.4x
Sun, 22 Jun 2025CHF 162.5bCHF 121.2bCHF 9.7b17.8x16.7x1.3x
Tue, 20 May 2025CHF 170.7bCHF 123.0bCHF 9.9b18.2x17.3x1.4x
Thu, 17 Apr 2025CHF 162.3bCHF 121.1bCHF 9.5b17.6x17x1.3x
Sat, 15 Mar 2025CHF 169.2bCHF 127.0bCHF 10.1b16.9x16.7x1.3x
Mon, 10 Feb 2025CHF 161.1bCHF 140.1bCHF 8.9b18.9x18.2x1.2x
Wed, 08 Jan 2025CHF 155.9bCHF 139.9bCHF 8.9b18.2x17.6x1.1x
Fri, 06 Dec 2024CHF 155.8bCHF 136.4bCHF 8.6b18.4x18.1x1.1x
Sun, 03 Nov 2024CHF 143.5bCHF 140.0bCHF 9.1b18x15.8x1x
Tue, 01 Oct 2024CHF 144.0bCHF 136.9bCHF 8.9b18x16.2x1.1x
Thu, 29 Aug 2024CHF 140.1bCHF 135.5bCHF 8.8b17.5x15.8x1x
Sat, 27 Jul 2024CHF 134.5bCHF 136.8bCHF 8.8b17.6x15.3x1x
Mon, 24 Jun 2024CHF 136.1bCHF 138.1bCHF 8.9b17.6x15.3x1x
Wed, 22 May 2024CHF 133.2bCHF 140.1bCHF 9.0b17x14.8x1x
Fri, 19 Apr 2024CHF 123.7bCHF 138.4bCHF 8.6b16.1x14.3x0.9x
Sun, 17 Mar 2024CHF 135.9bCHF 137.5bCHF 9.1b12x15x1x
Tue, 13 Feb 2024CHF 124.1bCHF 123.0bCHF 9.6b11.1x12.9x1x
Thu, 11 Jan 2024CHF 121.8bCHF 120.7bCHF 9.5b10.6x12.9x1x
Sat, 09 Dec 2023CHF 124.3bCHF 123.5bCHF 9.7b10.6x12.8x1x
Mon, 06 Nov 2023CHF 123.3bCHF 124.2bCHF 8.5b11.7x14.5x1x
Wed, 04 Oct 2023CHF 111.4bCHF 119.8bCHF 8.1b11.4x13.7x0.9x
Fri, 01 Sep 2023CHF 116.0bCHF 121.5bCHF 8.4b12.1x13.7x1x
Sun, 30 Jul 2023CHF 120.1bCHF 116.5bCHF 7.9b11.8x15.2x1x
Tue, 27 Jun 2023CHF 117.6bCHF 118.9bCHF 8.0b11.4x14.6x1x
Price to Earnings Ratio

14.6x


Total Market Cap: CHF 117.6bTotal Earnings: CHF 8.0bTotal Revenue: CHF 118.9bTotal 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 Market0.72%
Financials2.49%
Insurance2.09%
Life and Health Insurance2.43%
Reinsurance2.19%
General Insurance1.98%
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 13.0x.
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
ZURN Zurich Insurance GroupCHF 576.202.2%
+CHF 1.9b		3.7%PE15.7x
SREN Swiss ReCHF 123.402.2%
+CHF 779.4m		-9.9%PE9.3x
SLHN Swiss Life HoldingCHF 877.802.4%
+CHF 581.3m		8.6%PE19.9x
HBAN Helvetia Baloise HoldingCHF 207.401.6%
+CHF 317.0m		11.5%PE37.6x

Latest News

SREN
CHF 123.40
Swiss Re
7D
2.2%
1Y
-9.9%
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 576.20
Zurich Insurance Group
7D
2.2%
1Y
3.7%
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 207.40
Helvetia Baloise Holding
7D
1.6%
1Y
11.5%
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.
SLHN
CHF 877.80
Swiss Life Holding
7D
2.4%
1Y
8.6%
Narrative Update • Jun 07

SLHN: Earnings Beat And Buybacks Likely Keep Upside And Risks Balanced

Analysts have nudged their price targets for Swiss Life higher, with the latest CHF 10 and CHF 3.17 upward revisions contributing to a modest increase in the intrinsic value estimate to CHF 852.13. This change is underpinned by slightly stronger assumptions for revenue growth, profit margins and a marginally lower discount rate.
VAHN
CHF 769.00
Vaudoise Assurances Holding
7D
-2.7%
1Y
26.7%