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Swiss (SMI) Insurance Industry Analysis

UpdatedJun 11, 2026
DataAggregated Company Financials
Companies5
  • 7D3.3%
  • 3M2.3%
  • 1Y-3.2%
  • YTD-6.7%

In the last week, the Insurance industry is up 3.3%, with all of the companies up. However, the industry is down 3.2% over the past year. Looking forward, 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, 11 Jun 2026CHF 165.2bCHF 116.0bCHF 11.3b15.4x14.7x1.4x
Sat, 09 May 2026CHF 164.8bCHF 113.3bCHF 11.0b15.3x15x1.5x
Mon, 06 Apr 2026CHF 162.4bCHF 114.6bCHF 11.1b15.7x14.7x1.4x
Wed, 04 Mar 2026CHF 149.8bCHF 113.6bCHF 10.8b14.3x13.9x1.3x
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
Price to Earnings Ratio

14.8x


Total Market Cap: CHF 118.8bTotal Earnings: CHF 8.0bTotal Revenue: CHF 118.8bTotal 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 Market1.18%
Financials1.76%
Insurance3.32%
Reinsurance5.20%
General Insurance2.84%
Life and Health Insurance2.75%
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 560.402.2%
+CHF 1.8b		-0.6%PE15.4x
SREN Swiss ReCHF 120.603.8%
+CHF 1.3b		-12.3%PE9.1x
HBAN Helvetia Baloise HoldingCHF 202.402.6%
+CHF 515.1m		7.7%PE36.7x
SLHN Swiss Life HoldingCHF 853.401.7%
+CHF 408.0m		5.8%PE19.4x
VAHN Vaudoise Assurances HoldingCHF 788.004.9%
+CHF 107.1m		31.6%PE14.6x

Latest News

HBAN
CHF 202.40
Helvetia Baloise Holding
7D
2.6%
1Y
7.7%
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 853.40
Swiss Life Holding
7D
1.7%
1Y
5.8%
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 560.40
Zurich Insurance Group
7D
2.2%
1Y
-0.6%
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.
SREN
CHF 120.60
Swiss Re
7D
3.8%
1Y
-12.3%
Narrative Update • Jun 02

SREN: Soft Cycle Concerns Expected To Re Rate Catastrophe Exposure Potential

Analysts have trimmed the Swiss Re fair value estimate from CHF 146.65 to CHF 145.49 after several firms cut their price targets into a CHF 112 to CHF 145 range, citing concerns that soft cycle pressures may not be fully captured in current earnings expectations. Analyst Commentary Recent research on Swiss Re reflects a mixed backdrop, but there are still some constructive signals for investors to weigh.
VAHN
CHF 788.00
Vaudoise Assurances Holding
7D
4.9%
1Y
31.6%