Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Swiss (SMI) Insurance Industry Analysis

UpdatedMar 19, 2026
DataAggregated Company Financials
Companies5
  • 7D3.5%
  • 3M-4.5%
  • 1Y-6.2%
  • YTD-5.8%

In the last week, the Insurance industry is up 3.4%, with Zurich Insurance Group up 4.0%. In contrast, the industry has lost 5.1% in the last 12 months. Looking forward, earnings are forecast to grow by 4.5% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 19 Mar 2026CHF 157.7bCHF 114.6bCHF 11.0b15.3x14.4x1.4x
Sat, 14 Feb 2026CHF 153.1bCHF 109.7bCHF 10.1b17.5x15.1x1.4x
Mon, 12 Jan 2026CHF 158.0bCHF 113.4bCHF 10.5b17.5x15.1x1.4x
Wed, 10 Dec 2025CHF 158.3bCHF 114.0bCHF 10.5b17.6x15x1.4x
Fri, 07 Nov 2025CHF 171.3bCHF 120.6bCHF 10.0b18.4x17.1x1.4x
Sun, 05 Oct 2025CHF 169.8bCHF 119.2bCHF 9.9b18.1x17.1x1.4x
Tue, 02 Sep 2025CHF 170.9bCHF 120.0bCHF 9.9b18.8x17.3x1.4x
Thu, 31 Jul 2025CHF 167.2bCHF 120.7bCHF 9.7b18.2x17.3x1.4x
Sat, 28 Jun 2025CHF 162.4bCHF 119.1bCHF 9.6b17.9x17x1.4x
Mon, 26 May 2025CHF 169.2bCHF 121.5bCHF 9.7b18.2x17.4x1.4x
Wed, 23 Apr 2025CHF 165.3bCHF 121.7bCHF 9.6b17.7x17.3x1.4x
Fri, 21 Mar 2025CHF 172.5bCHF 128.7bCHF 10.0b17.7x17.2x1.3x
Sun, 16 Feb 2025CHF 160.9bCHF 138.9bCHF 8.8b19.1x18.3x1.2x
Tue, 14 Jan 2025CHF 150.4bCHF 141.3bCHF 8.9b17.5x16.8x1.1x
Thu, 12 Dec 2024CHF 152.4bCHF 136.9bCHF 8.7b18.1x17.6x1.1x
Sat, 09 Nov 2024CHF 146.0bCHF 140.6bCHF 9.1b18.1x16x1x
Mon, 07 Oct 2024CHF 143.5bCHF 138.5bCHF 9.0b17.8x16x1x
Wed, 04 Sep 2024CHF 140.9bCHF 136.6bCHF 8.9b17.6x15.8x1x
Fri, 02 Aug 2024CHF 135.3bCHF 136.0bCHF 8.8b17.8x15.4x1x
Sun, 30 Jun 2024CHF 135.3bCHF 138.6bCHF 8.9b17.6x15.2x1x
Tue, 28 May 2024CHF 134.1bCHF 140.5bCHF 9.1b17x14.8x1x
Thu, 25 Apr 2024CHF 125.4bCHF 141.4bCHF 8.7b16.4x14.5x0.9x
Sat, 23 Mar 2024CHF 136.2bCHF 138.9bCHF 9.2b11.8x14.8x1x
Mon, 19 Feb 2024CHF 126.3bCHF 123.9bCHF 9.7b11.2x13x1x
Wed, 17 Jan 2024CHF 123.9bCHF 121.6bCHF 9.5b10.7x13x1x
Fri, 15 Dec 2023CHF 122.9bCHF 121.8bCHF 9.6b10.5x12.9x1x
Sun, 12 Nov 2023CHF 120.8bCHF 125.5bCHF 9.9b10.7x12.2x1x
Tue, 10 Oct 2023CHF 119.1bCHF 124.9bCHF 8.6b11.4x13.9x1x
Thu, 07 Sep 2023CHF 116.6bCHF 122.4bCHF 8.5b12.2x13.7x1x
Sat, 05 Aug 2023CHF 116.5bCHF 116.7bCHF 7.9b11.7x14.8x1x
Mon, 03 Jul 2023CHF 117.1bCHF 118.8bCHF 8.0b11.1x14.6x1x
Wed, 31 May 2023CHF 119.9bCHF 119.7bCHF 8.1b12x14.8x1x
Fri, 28 Apr 2023CHF 120.8bCHF 118.0bCHF 7.2b12.4x16.7x1x
Sun, 26 Mar 2023CHF 117.7bCHF 120.8bCHF 7.4b11x15.9x1x
Price to Earnings Ratio

15.9x


Total Market Cap: CHF 117.7bTotal Earnings: CHF 7.4bTotal Revenue: CHF 120.8bTotal 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 14% 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 Market-1.19%
Financials1.63%
Insurance3.55%
General Insurance4.11%
Reinsurance3.53%
Life and Health Insurance1.37%
Industry PE
  • Investors are most optimistic about the Life and Health Insurance industry which is trading above its 3-year average PE ratio of 16.6x.
    • Analysts are expecting annual earnings growth of 6.3%, 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 15.7x.
Forecasted Growth
  • Analysts are most optimistic on the General Insurance industry, expecting annual earnings growth of 6.9% 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 2.1% 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 545.002.0%
+CHF 1.6b		-10.7%PE15.1x
SLHN Swiss Life HoldingCHF 831.402.2%
+CHF 497.4m		5.6%PE18.9x
HBAN Helvetia Baloise HoldingCHF 195.802.7%
+CHF 269.8m		8.3%PE19.2x
SREN Swiss ReCHF 129.450.6%
+CHF 235.9m		-13.0%PE10.4x
VAHN Vaudoise Assurances HoldingCHF 752.000.3%
+CHF 5.8m		36.7%PE14.5x

Latest News

ZURN
CHF 545.00
Zurich Insurance Group
7D
2.0%
1Y
-10.7%
VAHN
CHF 752.00
Vaudoise Assurances Holding
7D
0.3%
1Y
36.7%
SLHN
CHF 831.40
Swiss Life Holding
7D
2.2%
1Y
5.6%
HBAN
CHF 195.80
Helvetia Baloise Holding
7D
2.7%
1Y
8.3%

HBAN: Revenue Assumptions And Margin Pressures Will Shape A Balanced Outlook

Analysts have maintained their CHF190.00 price target on Helvetia Baloise Holding, citing adjustments in revenue growth assumptions, profit margin expectations, and the projected forward P/E as reasons for keeping their view unchanged. Valuation Changes Fair Value: CHF190.00 is unchanged, indicating the assessed intrinsic value per share remains the same as before.
SREN
CHF 129.45
Swiss Re
7D
0.6%
1Y
-13.0%