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Swiss (SMI) Insurance Industry Analysis

UpdatedJun 01, 2026
DataAggregated Company Financials
Companies5
  • 7D-2.0%
  • 3M1.4%
  • 1Y-5.4%
  • YTD-7.3%

Over the last 7 days, the Insurance industry has dropped 2.0%, driven by Zurich Insurance Group declining 1.9%. In contrast, Vaudoise Assurances Holding has gained 6.3%. However, the industry is down 5.4% over the past year. As for the next few years, earnings are expected to grow by 6.3% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 01 Jun 2026CHF 164.1bCHF 113.8bCHF 11.0b15.7x14.9x1.4x
Wed, 29 Apr 2026CHF 168.5bCHF 115.0bCHF 10.9b15.3x15.4x1.5x
Fri, 27 Mar 2026CHF 155.9bCHF 114.9bCHF 11.0b15.4x14.2x1.4x
Sun, 22 Feb 2026CHF 156.1bCHF 113.1bCHF 10.9b15.3x14.3x1.4x
Tue, 20 Jan 2026CHF 156.2bCHF 113.0bCHF 10.4b17.5x15x1.4x
Thu, 18 Dec 2025CHF 160.9bCHF 112.7bCHF 10.4b18.1x15.5x1.4x
Sat, 15 Nov 2025CHF 171.9bCHF 119.0bCHF 9.9b18.9x17.4x1.4x
Mon, 13 Oct 2025CHF 172.9bCHF 119.9bCHF 10.0b18.5x17.3x1.4x
Wed, 10 Sep 2025CHF 169.2bCHF 119.4bCHF 9.9b18.4x17.1x1.4x
Fri, 08 Aug 2025CHF 176.0bCHF 119.9bCHF 9.6b19.2x18.3x1.5x
Sun, 06 Jul 2025CHF 163.5bCHF 118.6bCHF 9.5b17.9x17.2x1.4x
Tue, 03 Jun 2025CHF 169.7bCHF 121.0bCHF 9.7b18.3x17.5x1.4x
Thu, 01 May 2025CHF 169.4bCHF 122.5bCHF 9.6b18.3x17.6x1.4x
Sat, 29 Mar 2025CHF 176.0bCHF 128.9bCHF 10.1b18.1x17.3x1.4x
Mon, 24 Feb 2025CHF 161.6bCHF 131.2bCHF 9.6b17.8x16.8x1.2x
Wed, 22 Jan 2025CHF 153.9bCHF 139.8bCHF 8.8b18x17.4x1.1x
Fri, 20 Dec 2024CHF 150.8bCHF 138.9bCHF 8.8b17.7x17.2x1.1x
Sun, 17 Nov 2024CHF 148.5bCHF 137.5bCHF 8.7b18x17.1x1.1x
Tue, 15 Oct 2024CHF 145.8bCHF 138.3bCHF 9.0b18.1x16.2x1.1x
Thu, 12 Sep 2024CHF 140.7bCHF 137.6bCHF 8.9b17.7x15.8x1x
Sat, 10 Aug 2024CHF 129.9bCHF 136.4bCHF 9.1b16.2x14.2x1x
Mon, 08 Jul 2024CHF 133.1bCHF 138.3bCHF 8.9b17.5x14.9x1x
Wed, 05 Jun 2024CHF 132.7bCHF 137.6bCHF 8.9b17.1x15x1x
Fri, 03 May 2024CHF 123.9bCHF 140.9bCHF 8.6b16.2x14.4x0.9x
Sun, 31 Mar 2024CHF 136.2bCHF 139.0bCHF 8.9b14.2x15.3x1x
Tue, 27 Feb 2024CHF 130.2bCHF 147.1bCHF 9.3b11.4x14x0.9x
Thu, 25 Jan 2024CHF 124.3bCHF 121.8bCHF 9.5b10.9x13x1x
Sat, 23 Dec 2023CHF 122.0bCHF 121.1bCHF 9.5b10.6x12.9x1x
Mon, 20 Nov 2023CHF 123.0bCHF 123.9bCHF 9.7b10.7x12.6x1x
Wed, 18 Oct 2023CHF 120.5bCHF 124.4bCHF 8.5b11.4x14.1x1x
Fri, 15 Sep 2023CHF 120.4bCHF 123.3bCHF 8.4b12.4x14.3x1x
Sun, 13 Aug 2023CHF 115.9bCHF 120.9bCHF 8.4b11.9x13.8x1x
Tue, 11 Jul 2023CHF 114.2bCHF 118.1bCHF 8.0b11.1x14.3x1x
Thu, 08 Jun 2023CHF 119.9bCHF 120.1bCHF 8.1b11.7x14.8x1x
Price to Earnings Ratio

14.8x


Total Market Cap: CHF 119.9bTotal Earnings: CHF 8.1bTotal Revenue: CHF 120.1bTotal 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 1.4x.
Past Earnings Growth
  • The earnings for companies in the Insurance industry have grown 11% 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%
Financials-0.92%
Insurance-2.01%
Life and Health Insurance-1.07%
Reinsurance-1.96%
General Insurance-2.23%
Industry PE
  • Investors are most optimistic about the Life and Health Insurance industry which is trading above its 3-year average PE ratio of 17.1x.
    • 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 13.2x.
Forecasted Growth
  • Analysts are most optimistic on the General Insurance industry, expecting annual earnings growth of 10% 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 4.5% 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
VAHN Vaudoise Assurances HoldingCHF 822.006.3%
+CHF 141.9m		33.7%PE15.2x

Latest News

HBAN
CHF 203.00
Helvetia Baloise Holding
7D
-4.6%
1Y
4.5%
Narrative Update • May 26

HBAN: Updated Dividend Policy And P E Assumptions Will Support Future Repricing

Analysts have raised their price target on Helvetia Baloise Holding by CHF 10 to reflect updated assumptions around discount rates, revenue growth, profit margins and future P/E, with the move supported by recent Street research. Analyst Commentary Recent Street research points to a more constructive tone around Helvetia Baloise Holding, with bullish analysts adjusting their models to reflect updated assumptions on discount rates, revenue growth, profit margins and future P/E.
SLHN
CHF 850.80
Swiss Life Holding
7D
-1.1%
1Y
3.6%
Narrative Update • May 24

SLHN: Future Returns Likely Stay Capped As Views Turn More Mixed

Analysts have made a modest upward adjustment to the Swiss Life Holding price target to around CHF 848, reflecting updated views on revenue, profit margins and a slightly higher assumed P/E multiple following recent research updates from major banks. Analyst Commentary Recent research gives a mixed but constructive read on Swiss Life Holding, with some analysts lifting price targets and others turning more cautious on the stock's risk and reward profile.
SREN
CHF 117.70
Swiss Re
7D
-2.0%
1Y
-19.4%
Narrative Update • May 17

SREN: Buybacks And Earnings Quality Are Expected To Drive Re Rating Potential

Analysts have trimmed Swiss Re price targets, with cuts such as CHF 8 and CHF 5.64 featuring in recent research, and the updated CHF 146.65 fair value reflects small tweaks to assumptions on discount rate, revenue growth, profit margin and future P/E multiples. Analyst Commentary Recent research on Swiss Re shows a cluster of price target trims, but the range of views is not one sided.
ZURN
CHF 557.00
Zurich Insurance Group
7D
-1.9%
1Y
-3.9%
VAHN
CHF 822.00
Vaudoise Assurances Holding
7D
6.3%
1Y
33.7%