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Swiss (SMI) Insurance Industry Analysis

UpdatedJun 22, 2026
DataAggregated Company Financials
Companies5
  • 7D0.8%
  • 3M3.6%
  • 1Y2.8%
  • YTD-4.2%

The Insurance industry has stayed flat over the last week. In line with that, the industry has also been flat over the past 12 months. 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
Tue, 23 Jun 2026CHF 169.7bCHF 116.8bCHF 11.3b15.7x15x1.5x
Thu, 21 May 2026CHF 170.3bCHF 114.5bCHF 11.1b16x15.3x1.5x
Sat, 18 Apr 2026CHF 162.8bCHF 112.6bCHF 10.9b15.7x15x1.4x
Mon, 16 Mar 2026CHF 154.1bCHF 114.5bCHF 11.0b14.9x14.1x1.3x
Wed, 11 Feb 2026CHF 153.0bCHF 109.5bCHF 10.1b17.5x15.1x1.4x
Fri, 09 Jan 2026CHF 160.6bCHF 113.2bCHF 10.5b17.9x15.4x1.4x
Sun, 07 Dec 2025CHF 157.2bCHF 113.8bCHF 10.5b17.4x15x1.4x
Tue, 04 Nov 2025CHF 169.2bCHF 120.6bCHF 10.0b18.2x16.9x1.4x
Thu, 02 Oct 2025CHF 170.2bCHF 119.4bCHF 9.9b18.3x17.1x1.4x
Sat, 30 Aug 2025CHF 173.2bCHF 120.0bCHF 9.9b19x17.5x1.4x
Mon, 28 Jul 2025CHF 168.4bCHF 118.6bCHF 9.5b18.5x17.7x1.4x
Wed, 25 Jun 2025CHF 162.0bCHF 119.7bCHF 9.6b17.9x16.9x1.4x
Fri, 23 May 2025CHF 170.7bCHF 122.4bCHF 9.8b18.3x17.4x1.4x
Sun, 20 Apr 2025CHF 163.3bCHF 121.5bCHF 9.6b17.6x17.1x1.3x
Tue, 18 Mar 2025CHF 171.4bCHF 128.5bCHF 10.0b17.6x17.1x1.3x
Thu, 13 Feb 2025CHF 162.8bCHF 140.5bCHF 8.9b19.2x18.3x1.2x
Sat, 11 Jan 2025CHF 151.4bCHF 141.1bCHF 8.9b17.6x17x1.1x
Mon, 09 Dec 2024CHF 154.6bCHF 136.3bCHF 8.6b18.3x17.9x1.1x
Wed, 06 Nov 2024CHF 143.8bCHF 139.1bCHF 9.0b18.1x15.9x1x
Fri, 04 Oct 2024CHF 142.3bCHF 137.7bCHF 8.9b17.7x15.9x1x
Sun, 01 Sep 2024CHF 139.5bCHF 136.6bCHF 8.9b17.4x15.7x1x
Tue, 30 Jul 2024CHF 134.3bCHF 137.1bCHF 8.8b17.6x15.2x1x
Thu, 27 Jun 2024CHF 135.2bCHF 138.5bCHF 8.9b17.6x15.2x1x
Sat, 25 May 2024CHF 133.4bCHF 140.6bCHF 9.1b16.9x14.7x0.9x
Mon, 22 Apr 2024CHF 124.5bCHF 140.9bCHF 8.6b16.3x14.4x0.9x
Wed, 20 Mar 2024CHF 136.7bCHF 138.1bCHF 9.1b11.9x15x1x
Fri, 16 Feb 2024CHF 126.8bCHF 123.4bCHF 9.7b11.3x13.1x1x
Sun, 14 Jan 2024CHF 122.4bCHF 120.7bCHF 9.5b10.7x12.9x1x
Tue, 12 Dec 2023CHF 124.3bCHF 123.3bCHF 9.7b10.7x12.8x1x
Thu, 09 Nov 2023CHF 121.4bCHF 125.1bCHF 9.8b10.7x12.4x1x
Sat, 07 Oct 2023CHF 118.7bCHF 125.1bCHF 8.6b11.4x13.8x0.9x
Mon, 04 Sep 2023CHF 116.1bCHF 121.8bCHF 8.5b12.1x13.7x1x
Wed, 02 Aug 2023CHF 118.2bCHF 117.1bCHF 7.9b11.6x14.9x1x
Fri, 30 Jun 2023CHF 116.9bCHF 119.2bCHF 8.1b11x14.5x1x
Price to Earnings Ratio

14.5x


Total Market Cap: CHF 116.9bTotal Earnings: CHF 8.1bTotal Revenue: CHF 119.2bTotal 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 Market0.49%
Financials1.25%
Insurance0.77%
Reinsurance1.65%
Life and Health Insurance0.64%
General Insurance0.51%
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
ZURN Zurich Insurance GroupCHF 584.202.1%
+CHF 1.8b		5.8%PE15.9x
SREN Swiss ReCHF 124.502.6%
+CHF 911.7m		-8.4%PE9.3x
SLHN Swiss Life HoldingCHF 890.002.0%
+CHF 497.4m		10.9%PE20.2x
HBAN Helvetia Baloise HoldingCHF 209.801.5%
+CHF 297.2m		13.0%PE38.1x

Latest News

SREN
CHF 124.50
Swiss Re
7D
2.6%
1Y
-8.4%
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 584.20
Zurich Insurance Group
7D
2.1%
1Y
5.8%
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
1.5%
1Y
13.0%
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.
SLHN
CHF 890.00
Swiss Life Holding
7D
2.0%
1Y
10.9%
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 784.00
Vaudoise Assurances Holding
7D
-1.3%
1Y
28.9%