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Swiss (SMI) Insurance Industry Analysis

UpdatedJun 18, 2026
DataAggregated Company Financials
Companies5
  • 7D2.3%
  • 3M2.9%
  • 1Y2.5%
  • YTD-4.5%

Over the last 7 days, the Insurance industry has risen 3.8%, driven by gains from every company within the industry. Overall in the last year, the industry is flat. Earnings are forecast to grow by 6.8% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 18 Jun 2026CHF 169.1bCHF 116.1bCHF 11.3b15.8x15x1.5x
Sat, 16 May 2026CHF 167.5bCHF 114.5bCHF 11.1b15.8x15.1x1.5x
Mon, 13 Apr 2026CHF 170.3bCHF 113.2bCHF 10.9b15.5x15.6x1.5x
Wed, 11 Mar 2026CHF 154.2bCHF 113.1bCHF 10.8b15.1x14.3x1.4x
Fri, 06 Feb 2026CHF 156.4bCHF 110.7bCHF 10.2b18x15.3x1.4x
Sun, 04 Jan 2026CHF 164.0bCHF 112.4bCHF 10.4b18.5x15.8x1.5x
Tue, 02 Dec 2025CHF 170.3bCHF 119.8bCHF 10.9b18.7x15.6x1.4x
Thu, 30 Oct 2025CHF 171.6bCHF 119.8bCHF 10.0b18.4x17.2x1.4x
Sat, 27 Sep 2025CHF 168.3bCHF 119.5bCHF 9.9b18.1x16.9x1.4x
Mon, 25 Aug 2025CHF 177.1bCHF 120.1bCHF 9.9b19.6x17.9x1.5x
Wed, 23 Jul 2025CHF 167.2bCHF 118.3bCHF 9.5b18.3x17.6x1.4x
Fri, 20 Jun 2025CHF 161.0bCHF 120.9bCHF 9.7b17.7x16.6x1.3x
Sun, 18 May 2025CHF 170.1bCHF 124.0bCHF 9.8b18x17.4x1.4x
Tue, 15 Apr 2025CHF 159.2bCHF 121.1bCHF 9.5b17x16.7x1.3x
Thu, 13 Mar 2025CHF 169.4bCHF 128.5bCHF 9.9b18.1x17x1.3x
Sat, 08 Feb 2025CHF 161.1bCHF 140.2bCHF 8.9b18.9x18.2x1.1x
Mon, 06 Jan 2025CHF 154.1bCHF 140.0bCHF 8.9b18.1x17.4x1.1x
Wed, 04 Dec 2024CHF 155.5bCHF 137.1bCHF 8.7b18.3x17.9x1.1x
Fri, 01 Nov 2024CHF 143.5bCHF 139.1bCHF 9.0b18x15.9x1x
Sun, 29 Sep 2024CHF 144.8bCHF 136.2bCHF 8.8b18.2x16.4x1.1x
Tue, 27 Aug 2024CHF 138.7bCHF 136.2bCHF 8.9b17.3x15.6x1x
Thu, 25 Jul 2024CHF 133.6bCHF 137.0bCHF 8.8b17.6x15.1x1x
Sat, 22 Jun 2024CHF 136.1bCHF 138.1bCHF 8.9b17.6x15.3x1x
Mon, 20 May 2024CHF 132.8bCHF 139.8bCHF 9.0b16.9x14.7x0.9x
Wed, 17 Apr 2024CHF 128.6bCHF 138.5bCHF 8.6b16.5x14.9x0.9x
Fri, 15 Mar 2024CHF 135.6bCHF 147.5bCHF 9.3b11.9x14.5x0.9x
Sun, 11 Feb 2024CHF 123.1bCHF 122.9bCHF 9.6b10.9x12.8x1x
Tue, 09 Jan 2024CHF 122.1bCHF 120.2bCHF 9.4b10.6x13x1x
Thu, 07 Dec 2023CHF 123.5bCHF 122.8bCHF 9.6b10.7x12.8x1x
Sat, 04 Nov 2023CHF 123.3bCHF 124.1bCHF 8.5b11.7x14.5x1x
Mon, 02 Oct 2023CHF 113.1bCHF 119.6bCHF 8.1b11.5x14x0.9x
Wed, 30 Aug 2023CHF 115.5bCHF 121.2bCHF 8.4b12x13.7x1x
Fri, 28 Jul 2023CHF 119.6bCHF 115.4bCHF 7.8b11.8x15.3x1x
Sun, 25 Jun 2023CHF 117.9bCHF 119.0bCHF 8.0b11.4x14.7x1x
Price to Earnings Ratio

14.7x


Total Market Cap: CHF 117.9bTotal Earnings: CHF 8.0bTotal Revenue: CHF 119.0bTotal 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 Market2.53%
Financials3.21%
Insurance2.35%
General Insurance2.70%
Life and Health Insurance2.65%
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 17.3x.
    • 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 4.5% 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
ZURN Zurich Insurance GroupCHF 576.002.6%
+CHF 2.2b		3.9%PE15.8x
SLHN Swiss Life HoldingCHF 875.002.7%
+CHF 631.6m		9.2%PE19.9x
HBAN Helvetia Baloise HoldingCHF 207.403.1%
+CHF 614.2m		12.7%PE37.6x
SREN Swiss ReCHF 121.751.1%
+CHF 382.3m		-10.1%PE9.2x
VAHN Vaudoise Assurances HoldingCHF 786.001.8%
+CHF 40.5m		33.2%PE14.6x

Latest News

SREN
CHF 121.75
Swiss Re
7D
1.1%
1Y
-10.1%
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 576.00
Zurich Insurance Group
7D
2.6%
1Y
3.9%
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
3.1%
1Y
12.7%
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 875.00
Swiss Life Holding
7D
2.7%
1Y
9.2%
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 786.00
Vaudoise Assurances Holding
7D
1.8%
1Y
33.2%