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Swiss (SMI) Insurance Industry Analysis

UpdatedJun 15, 2026
DataAggregated Company Financials
Companies5
  • 7D2.6%
  • 3M-1.2%
  • 1Y-0.2%
  • YTD-6.1%

All of the companies in the Insurance industry have been up over the last week, with the industry up 2.4%. Despite this gain, the industry's performance has been flat over the past year. As for the next few years, earnings are expected to grow by 6.9% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 15 Jun 2026CHF 166.2bCHF 115.6bCHF 11.2b15.5x14.8x1.4x
Wed, 13 May 2026CHF 163.1bCHF 113.8bCHF 11.0b15.2x14.8x1.4x
Fri, 10 Apr 2026CHF 163.8bCHF 113.3bCHF 10.9b15.8x15x1.4x
Sun, 08 Mar 2026CHF 152.1bCHF 112.9bCHF 10.7b15x14.2x1.3x
Tue, 03 Feb 2026CHF 153.0bCHF 111.0bCHF 10.2b17.4x14.9x1.4x
Thu, 01 Jan 2026CHF 164.0bCHF 112.4bCHF 10.4b18.5x15.8x1.5x
Sat, 29 Nov 2025CHF 171.3bCHF 119.8bCHF 10.9b18.9x15.7x1.4x
Mon, 27 Oct 2025CHF 172.0bCHF 119.2bCHF 9.9b18.4x17.3x1.4x
Wed, 24 Sep 2025CHF 166.7bCHF 118.8bCHF 9.9b18.3x16.9x1.4x
Fri, 22 Aug 2025CHF 178.1bCHF 121.0bCHF 10.0b19.6x17.9x1.5x
Sun, 20 Jul 2025CHF 167.4bCHF 119.3bCHF 9.6b18.3x17.5x1.4x
Tue, 17 Jun 2025CHF 162.8bCHF 120.8bCHF 9.7b17.9x16.8x1.3x
Thu, 15 May 2025CHF 169.1bCHF 124.5bCHF 9.8b18.1x17.2x1.4x
Sat, 12 Apr 2025CHF 155.8bCHF 121.4bCHF 9.6b16.7x16.3x1.3x
Mon, 10 Mar 2025CHF 168.2bCHF 128.2bCHF 9.9b17.9x17x1.3x
Wed, 05 Feb 2025CHF 158.3bCHF 139.7bCHF 8.8b18.7x17.9x1.1x
Fri, 03 Jan 2025CHF 152.1bCHF 139.7bCHF 8.8b17.8x17.2x1.1x
Sun, 01 Dec 2024CHF 155.6bCHF 136.5bCHF 8.6b18.7x18x1.1x
Tue, 29 Oct 2024CHF 145.4bCHF 139.3bCHF 9.0b18.2x16.1x1x
Thu, 26 Sep 2024CHF 145.7bCHF 137.4bCHF 8.9b18.2x16.3x1.1x
Sat, 24 Aug 2024CHF 139.3bCHF 134.3bCHF 9.0b17.3x15.5x1x
Mon, 22 Jul 2024CHF 132.8bCHF 137.5bCHF 8.9b17.4x15x1x
Wed, 19 Jun 2024CHF 135.0bCHF 136.8bCHF 8.8b17.6x15.3x1x
Fri, 17 May 2024CHF 132.7bCHF 140.3bCHF 8.6b17.4x15.5x0.9x
Sun, 14 Apr 2024CHF 127.8bCHF 138.7bCHF 8.7b16.4x14.8x0.9x
Tue, 12 Mar 2024CHF 134.6bCHF 146.8bCHF 9.3b11.8x14.5x0.9x
Thu, 08 Feb 2024CHF 125.9bCHF 122.8bCHF 9.6b11.1x13.1x1x
Sat, 06 Jan 2024CHF 121.7bCHF 120.4bCHF 9.4b10.6x12.9x1x
Mon, 04 Dec 2023CHF 122.4bCHF 122.4bCHF 9.6b10.7x12.8x1x
Wed, 01 Nov 2023CHF 121.8bCHF 125.2bCHF 8.6b11.5x14.2x1x
Fri, 29 Sep 2023CHF 119.2bCHF 125.2bCHF 8.6b11.9x13.9x1x
Sun, 27 Aug 2023CHF 113.8bCHF 121.6bCHF 8.4b11.8x13.5x0.9x
Tue, 25 Jul 2023CHF 118.8bCHF 116.3bCHF 7.9b11.6x15.1x1x
Thu, 22 Jun 2023CHF 117.1bCHF 119.1bCHF 8.0b11.4x14.6x1x
Price to Earnings Ratio

14.6x


Total Market Cap: CHF 117.1bTotal Earnings: CHF 8.0bTotal Revenue: CHF 119.1bTotal 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 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 Market2.24%
Financials1.84%
Insurance2.64%
General Insurance2.87%
Reinsurance2.24%
Life and Health Insurance2.22%
Industry PE
  • Investors are most optimistic about the Life and Health Insurance industry which is trading above its 3-year average PE ratio of 17.2x.
    • 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 563.802.8%
+CHF 2.3b		0.2%PE15.5x
SREN Swiss ReCHF 120.752.2%
+CHF 779.4m		-11.1%PE9.2x
HBAN Helvetia Baloise HoldingCHF 204.203.2%
+CHF 624.1m		10.4%PE37.1x
SLHN Swiss Life HoldingCHF 857.002.2%
+CHF 519.8m		6.8%PE19.5x
VAHN Vaudoise Assurances HoldingCHF 790.003.5%
+CHF 78.2m		33.7%PE14.6x

Latest News

SREN
CHF 120.75
Swiss Re
7D
2.2%
1Y
-11.1%
HBAN
CHF 204.20
Helvetia Baloise Holding
7D
3.2%
1Y
10.4%
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 857.00
Swiss Life Holding
7D
2.2%
1Y
6.8%
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.
ZURN
CHF 563.80
Zurich Insurance Group
7D
2.8%
1Y
0.2%
Narrative Update • Jun 05

ZURN: Future Returns Will Reflect Beazley Integration And Persistent Cyclical Pricing Pressures

Analysts have modestly raised the fair value estimate for Zurich Insurance Group, with the updated price target moving from CHF 574.68 to CHF 580.51 as they factor in slightly higher projected revenue growth, stable margins and neutral ratings that acknowledge both new growth opportunities and ongoing pricing pressures. Analyst Commentary Recent research coverage has coalesced around neutral ratings, with analysts broadly agreeing that Zurich Insurance Group offers a balanced mix of growth opportunities and execution risks.
VAHN
CHF 790.00
Vaudoise Assurances Holding
7D
3.5%
1Y
33.7%