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Swiss (SMI) Insurance Industry Analysis

UpdatedMar 02, 2026
DataAggregated Company Financials
Companies5
  • 7D2.0%
  • 3M-0.9%
  • 1Y-0.9%
  • YTD-1.9%

In the last week, the Insurance industry is up 2.0%. During this same period, the Zurich Insurance Group underperformed, falling 6.9%. The industry has been flat over the past 12 months despite the gain this week. As for the next few years, earnings are expected to grow by 3.7% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 04 Mar 2026CHF 160.4bCHF 112.3bCHF 10.9b15.8x14.8x1.4x
Fri, 30 Jan 2026CHF 150.6bCHF 109.6bCHF 10.1b17.4x14.9x1.4x
Sun, 28 Dec 2025CHF 163.9bCHF 112.0bCHF 10.3b18.5x15.8x1.5x
Tue, 25 Nov 2025CHF 167.1bCHF 120.3bCHF 11.0b18.4x15.2x1.4x
Thu, 23 Oct 2025CHF 170.4bCHF 119.3bCHF 9.9b18.2x17.2x1.4x
Sat, 20 Sep 2025CHF 166.2bCHF 119.2bCHF 9.9b18.2x16.7x1.4x
Mon, 18 Aug 2025CHF 176.2bCHF 120.7bCHF 9.9b19.5x17.7x1.5x
Wed, 16 Jul 2025CHF 164.2bCHF 119.3bCHF 9.6b18x17.2x1.4x
Fri, 13 Jun 2025CHF 164.0bCHF 120.4bCHF 9.7b18x17x1.4x
Sun, 11 May 2025CHF 171.0bCHF 123.1bCHF 9.7b18.4x17.6x1.4x
Tue, 08 Apr 2025CHF 152.2bCHF 126.1bCHF 9.9b15.9x15.3x1.2x
Thu, 06 Mar 2025CHF 169.3bCHF 129.4bCHF 9.8b18.5x17.3x1.3x
Sat, 01 Feb 2025CHF 158.8bCHF 140.0bCHF 8.9b18.6x17.9x1.1x
Mon, 30 Dec 2024CHF 152.3bCHF 139.2bCHF 8.8b17.8x17.3x1.1x
Wed, 27 Nov 2024CHF 154.1bCHF 137.4bCHF 8.7b18.5x17.7x1.1x
Fri, 25 Oct 2024CHF 144.9bCHF 139.4bCHF 9.0b18.1x16x1x
Sun, 22 Sep 2024CHF 142.9bCHF 137.4bCHF 8.9b17.9x16x1x
Tue, 20 Aug 2024CHF 136.0bCHF 136.1bCHF 9.1b17x14.9x1x
Thu, 18 Jul 2024CHF 134.3bCHF 136.8bCHF 8.8b17.6x15.2x1x
Sat, 15 Jun 2024CHF 132.3bCHF 137.6bCHF 8.9b17.2x14.9x1x
Mon, 13 May 2024CHF 129.8bCHF 140.4bCHF 8.6b17x15.1x0.9x
Wed, 10 Apr 2024CHF 130.7bCHF 139.1bCHF 8.9b13.6x14.7x0.9x
Fri, 08 Mar 2024CHF 133.5bCHF 146.8bCHF 9.3b11.7x14.4x0.9x
Sun, 04 Feb 2024CHF 124.4bCHF 122.1bCHF 9.6b11.2x13x1x
Tue, 02 Jan 2024CHF 121.7bCHF 119.7bCHF 9.4b10.6x13x1x
Thu, 30 Nov 2023CHF 122.8bCHF 122.9bCHF 9.6b10.7x12.7x1x
Sat, 28 Oct 2023CHF 119.8bCHF 124.5bCHF 8.5b11.3x14x1x
Mon, 25 Sep 2023CHF 120.3bCHF 124.5bCHF 8.5b12.1x14.1x1x
Wed, 23 Aug 2023CHF 113.0bCHF 121.2bCHF 8.4b11.7x13.4x0.9x
Fri, 21 Jul 2023CHF 118.2bCHF 116.4bCHF 7.9b11.6x15x1x
Sun, 18 Jun 2023CHF 118.8bCHF 118.8bCHF 8.0b11.7x14.8x1x
Tue, 16 May 2023CHF 119.8bCHF 118.8bCHF 8.0b11.8x14.9x1x
Thu, 13 Apr 2023CHF 124.0bCHF 118.1bCHF 7.2b12.6x17.1x1x
Sat, 11 Mar 2023CHF 123.7bCHF 122.0bCHF 7.2b12.8x17.1x1x
Price to Earnings Ratio

17.1x


Total Market Cap: CHF 123.7bTotal Earnings: CHF 7.2bTotal Revenue: CHF 122.0bTotal 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 15% per year over the last three years.
  • Meanwhile revenues for these companies have declined 2.7% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

Which industries have driven the changes within the Swiss Financials industry?

CH Market0.97%
Financials1.16%
Insurance2.05%
Reinsurance5.39%
Life and Health Insurance1.40%
General Insurance0.87%
Industry PE
  • Investors are most optimistic about the Life and Health Insurance industry which is trading above its 3-year average PE ratio of 16.5x.
    • Analysts are expecting annual earnings growth of 6.4%, which is lower than the prior year's growth of 9.0% per year.
  • Investors are most pessimistic about the Reinsurance industry, which is trading below its 3-year average of 16.4x.
Forecasted Growth
  • Analysts are most optimistic on the Life and Health Insurance industry, expecting annual earnings growth of 6.4% over the next 5 years.
  • However this is lower than its past earnings growth rate of 9.0% per year.
  • In contrast, the Reinsurance industry is expected to see its earnings decline by 3.4% 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 750.001.9%
+CHF 40.5m		43.7%PE14.5x

Latest News

SREN
CHF 129.85
Swiss Re
7D
-1.0%
1Y
-12.2%
ZURN
CHF 545.00
Zurich Insurance Group
7D
-5.4%
1Y
-8.8%
HBAN
CHF 191.80
Helvetia Baloise Holding
7D
-3.5%
1Y
12.4%

HBAN: Index Inclusions Will Support Future Upside Potential

Analysts have maintained their CHF 250.00 price target for Helvetia Baloise Holding, citing broadly similar fair value, discount rate, revenue growth, profit margin and future P/E assumptions as before. What's in the News Helvetia Baloise Holding Ltd (SWX:HELN) was added to the S&P Global 1200 index, expanding its representation in global equity benchmarks (Key Developments).
SLHN
CHF 840.80
Swiss Life Holding
7D
-4.2%
1Y
5.9%

SLHN: Future Returns Will Likely Reflect CHF 841 Fair Value And Measured Confidence

Analysts have lifted their price target on Swiss Life Holding by CHF 10 to reflect a slightly higher fair value estimate of about CHF 841, supported by recent research pointing to a modestly higher forward P/E and a small adjustment in the discount rate. Analyst Commentary Bullish Takeaways Bullish analysts link the CHF 10 price target lift to slightly stronger confidence in Swiss Life Holding’s ability to support a higher forward P/E.
VAHN
CHF 750.00
Vaudoise Assurances Holding
7D
1.9%
1Y
43.7%