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Swiss (SMI) Insurance Industry Analysis

UpdatedJul 07, 2026
DataAggregated Company Financials
Companies5
  • 7D2.7%
  • 3M4.4%
  • 1Y6.8%
  • YTD1.0%

Over the last 7 days, the Insurance industry has risen 2.7%, driven by gains from every company within the industry. This takes the industry's 12 month performance to a gain of 6.8%. Earnings are forecast to grow by 7.3% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 07 Jul 2026CHF 178.8bCHF 116.6bCHF 11.3b16.7x15.8x1.5x
Thu, 04 Jun 2026CHF 159.9bCHF 115.1bCHF 11.2b15.1x14.3x1.4x
Sat, 02 May 2026CHF 167.6bCHF 114.1bCHF 10.9b15.3x15.4x1.5x
Mon, 30 Mar 2026CHF 156.1bCHF 114.3bCHF 11.0b15.1x14.1x1.4x
Wed, 25 Feb 2026CHF 157.6bCHF 112.9bCHF 10.9b15.6x14.5x1.4x
Fri, 23 Jan 2026CHF 151.7bCHF 112.2bCHF 10.4b17.1x14.6x1.4x
Sun, 21 Dec 2025CHF 162.5bCHF 112.8bCHF 10.4b18.3x15.6x1.4x
Tue, 18 Nov 2025CHF 169.2bCHF 118.9bCHF 10.9b18.7x15.6x1.4x
Thu, 16 Oct 2025CHF 173.8bCHF 119.4bCHF 9.9b18.7x17.5x1.5x
Sat, 13 Sep 2025CHF 168.9bCHF 119.3bCHF 9.9b18.4x17x1.4x
Mon, 11 Aug 2025CHF 173.7bCHF 120.9bCHF 9.7b19x18x1.4x
Wed, 09 Jul 2025CHF 163.9bCHF 118.7bCHF 9.5b17.9x17.2x1.4x
Fri, 06 Jun 2025CHF 169.1bCHF 121.4bCHF 9.7b18.4x17.4x1.4x
Sun, 04 May 2025CHF 170.9bCHF 122.6bCHF 9.7b18.5x17.7x1.4x
Tue, 01 Apr 2025CHF 174.2bCHF 129.2bCHF 10.2b17.9x17.1x1.3x
Thu, 27 Feb 2025CHF 166.5bCHF 130.7bCHF 9.6b18.3x17.4x1.3x
Sat, 25 Jan 2025CHF 155.3bCHF 139.5bCHF 8.8b18.2x17.6x1.1x
Mon, 23 Dec 2024CHF 149.8bCHF 138.1bCHF 8.7b17.7x17.1x1.1x
Wed, 20 Nov 2024CHF 149.7bCHF 136.8bCHF 8.7b18.1x17.3x1.1x
Fri, 18 Oct 2024CHF 147.4bCHF 139.5bCHF 9.1b18.3x16.3x1.1x
Sun, 15 Sep 2024CHF 142.4bCHF 137.2bCHF 8.9b17.8x16x1x
Tue, 13 Aug 2024CHF 130.6bCHF 136.4bCHF 9.1b16.4x14.3x1x
Thu, 11 Jul 2024CHF 135.7bCHF 138.8bCHF 8.9b17.6x15.2x1x
Sat, 08 Jun 2024CHF 135.2bCHF 138.3bCHF 8.9b17.3x15.2x1x
Mon, 06 May 2024CHF 124.1bCHF 140.2bCHF 8.6b16.3x14.5x0.9x
Wed, 03 Apr 2024CHF 135.5bCHF 139.7bCHF 8.9b14.1x15.1x1x
Fri, 01 Mar 2024CHF 131.1bCHF 147.6bCHF 9.4b11.4x14x0.9x
Sun, 28 Jan 2024CHF 125.0bCHF 121.9bCHF 9.6b11x13.1x1x
Tue, 26 Dec 2023CHF 122.0bCHF 121.1bCHF 9.5b10.6x12.9x1x
Thu, 23 Nov 2023CHF 122.2bCHF 123.9bCHF 9.7b10.6x12.6x1x
Sat, 21 Oct 2023CHF 117.8bCHF 123.6bCHF 8.5b11.1x13.9x1x
Mon, 18 Sep 2023CHF 121.1bCHF 123.6bCHF 8.5b12.5x14.3x1x
Wed, 16 Aug 2023CHF 113.4bCHF 120.9bCHF 8.4b11.8x13.5x0.9x
Fri, 14 Jul 2023CHF 115.5bCHF 115.6bCHF 7.8b11.4x14.8x1x
Price to Earnings Ratio

14.8x


Total Market Cap: CHF 115.5bTotal Earnings: CHF 7.8bTotal Revenue: CHF 115.6bTotal 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 13% 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 Market0.62%
Financials3.35%
Insurance2.66%
Life and Health Insurance3.69%
General Insurance2.96%
Reinsurance1.08%
Industry PE
  • Investors are most optimistic about the Life and Health Insurance industry which is trading above its 3-year average PE ratio of 17.4x.
    • 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 12.8x.
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 growth to stay flat 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 613.402.5%
+CHF 2.2b		11.4%PE16.7x
SREN Swiss ReCHF 132.853.4%
+CHF 1.3b		-4.9%PE10x
SLHN Swiss Life HoldingCHF 922.203.7%
+CHF 911.0m		14.7%PE20.9x
HBAN Helvetia Baloise HoldingCHF 212.601.9%
+CHF 396.3m		10.0%PE38.6x
VAHN Vaudoise Assurances HoldingCHF 805.002.4%
+CHF 55.0m		30.9%PE14.9x

Latest News

SREN
CHF 132.85
Swiss Re
7D
3.4%
1Y
-4.9%
Narrative Update • Jul 02

SREN: Softer Reinsurance Conditions Will Pressure Earnings Quality And Future P E Multiples

Analysts have trimmed their Swiss Re fair value estimate from CHF 116.56 to CHF 113.98 and lowered price targets toward CHF 135 and below. This reflects updated views on softer reinsurance conditions, a slightly higher discount rate and a different balance between muted revenue growth and higher projected profit margins, with a reduced future P/E multiple.
ZURN
CHF 613.40
Zurich Insurance Group
7D
2.5%
1Y
11.4%
New Narrative • Jun 30

Middle Market Expansion And Construction Exposure Will Strain Future Profitability

Catalysts About Zurich Insurance Group Zurich Insurance Group is a global insurer offering property and casualty, life protection and related services across commercial, retail and Farmers-branded insurance businesses. What are the underlying business or industry changes driving this perspective?
HBAN
CHF 212.60
Helvetia Baloise Holding
7D
1.9%
1Y
10.0%
Narrative Update • Jun 24

HBAN: Raised Price Assumptions And Rich Future P/E Will Pressure Returns

Analysts have raised the Helvetia Baloise Holding price target by CHF 10 to reflect updated assumptions on discount rates, revenue growth, profit margins, and future P/E, in line with the recent CHF 10 upward revision cited in recent Street research. What's in the News Helvetia Baloise Holding AG approved all amendments to its Articles of Association, confirming changes to the company bylaws and governance framework.
SLHN
CHF 922.20
Swiss Life Holding
7D
3.7%
1Y
14.7%
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.
VAHN
CHF 805.00
Vaudoise Assurances Holding
7D
2.4%
1Y
30.9%