Swiss Life Holding
Market Cap
CHF16.5b
Last Updated
2019/10/19 20:49 UTC
Data Sources
Company Financials +
Executive Summary
Swiss Life Holding AG provides life insurance, risk, pensions, and financial solutions for private and corporate clients.
Snowflake
Fundamentals
Average dividend payer and fair value.
Similar Companies
Share Price & News
How has Swiss Life Holding's share price performed over time and what events caused price changes?
Latest Share Price and Events
Market Performance
7 Day Return
1.2%
SLHN
-0.06%
CH Insurance
-0.7%
CH Market
1 Year Return
31.9%
SLHN
22.4%
CH Insurance
8.6%
CH Market
Return vs Industry: SLHN exceeded the Swiss Insurance industry which returned 22.4% over the past year.
Return vs Market: SLHN exceeded the Swiss Market which returned 8.6% over the past year.
Shareholder returns
| SLHN | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.2% | -0.06% | -0.7% |
| 30 Day | 0.6% | 1.9% | -0.7% |
| 90 Day | -0.9% | 7.2% | 0.9% |
| 1 Year | 36.6%31.9% | 28.9%22.4% | 14.5%8.6% |
| 3 Year | 111.8%90.3% | 65.7%41.7% | 33.8%16.4% |
| 5 Year | 170.0%127.8% | 94.5%47.7% | 37.8%16.1% |
Price Volatility Vs. Market
How volatile is Swiss Life Holding's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Introducing Swiss Life Holding (VTX:SLHN), The Stock That Zoomed 135% In The Last Five Years3 weeks ago | Simply Wall St
Here's Why I Think Swiss Life Holding (VTX:SLHN) Might Deserve Your Attention Today1 month ago | Simply Wall St
Does Swiss Life Holding AG (VTX:SLHN) Create Value For Shareholders?Valuation
Is Swiss Life Holding undervalued compared to its fair value and its price relative to the market?
11.9%
Undervalued compared to fair value
Share Price vs. Fair Value
Undervalued: SLHN (CHF487.9) is trading below our estimate of fair value (CHF553.69)
Significantly Undervalued: SLHN is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: SLHN is poor value based on its PE Ratio (14.5x) compared to the Insurance industry average (14.4x).
PE vs Market: SLHN is good value based on its PE Ratio (14.5x) compared to the Swiss market (18.5x).
Price to Earnings Growth Ratio
Low PEG Ratio: SLHN is poor value based on its PEG Ratio (3.3x)
Price to Book Ratio
PB vs Industry: SLHN is good value based on its PB Ratio (1x) compared to the CH Insurance industry average (1.1x).
Next Steps
Future Growth
How is Swiss Life Holding forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
4.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SLHN's forecast earnings growth (4.3% per year) is above the savings rate (3.3%).
Earnings vs Market: SLHN's earnings (4.3% per year) are forecast to grow slower than the Swiss market (10.2% per year).
High Growth Earnings: SLHN's earnings are forecast to grow, but not significantly.
Revenue vs Market: SLHN's revenue is expected to decline over the next 3 years (-6.1% per year).
High Growth Revenue: SLHN's revenue is forecast to decline over the next 3 years (-6.1% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: SLHN's Return on Equity is forecast to be low in 3 years time (9.1%).
Next Steps
Past Performance
How has Swiss Life Holding performed over the past 5 years?
7.3%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: SLHN's earnings have grown by 7.3% per year over the past 5 years.
Accelerating Growth: SLHN's earnings growth over the past year (8.5%) exceeds its 5-year average (7.3% per year).
Earnings vs Industry: SLHN earnings growth over the past year (8.5%) underperformed the Insurance industry 20.1%.
Return on Equity
High ROE: SLHN's Return on Equity (6.9%) is considered low.
Return on Assets
ROA vs Industry: SLHN's Return on Assets is below or equal to the Insurance industry average last year.
Return on Capital Employed
ROCE Improving: SLHN's Return on Capital Employed has declined over the past 3 years.
Next Steps
Financial Health
How is Swiss Life Holding's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: SLHN has a low level of unsold assets or inventory.
Debt Coverage by Assets: SLHN's debt is covered by short term assets (assets are 13.685390x debt).
Financial Institutions Analysis
Asset Level: SLHN's level of assets compared to its equity is moderate.
Allowance for Bad Loans: Insufficient data to determine if SLHN has a sufficient allowance for bad loans.
Low Risk Liabilities: SLHN reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if SLHN has an acceptable proportion of non-loan assets held.
Low Risk Deposits: SLHN has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if SLHN has an appropriate level of bad loans.
Next Steps
Dividend
What is Swiss Life Holding's current dividend yield, its reliability and sustainability?
3.38%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: SLHN's dividend (3.38%) is higher than the bottom 25% of dividend payers in the Swiss market (1.94%).
High Dividend: SLHN's dividend (3.38%) is low compared to the top 25% of dividend payers in the Swiss market (3.72%).
Stable Dividend: SLHN's dividend payments have been volatile in the past 10 years.
Growing Dividend: SLHN's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (49.1%), SLHN's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SLHN's dividends in 3 years are forecast to be covered by earnings (56.6% payout ratio).
Next Steps
Management
What is the CEO of Swiss Life Holding's salary, the management and board of directors tenure and is there insider trading?
5.1yrs
Average management tenure
CEO
Patrick Frost (51yo)
5.3yrs
Tenure
CHF4,252,835
Compensation
Dr. Patrick Frost serves as the Group Chief Executive Officer at Swiss Life (Singapore) Pte. Ltd. Dr. Frost has been Chief Executive Officer of Swiss Life Holding AG and Swiss Life Group since July 1, 2014 ...
CEO Compensation Analysis
Compensation vs. Market: Patrick's total compensation ($USD4.31M) is about average for companies of similar size in the Swiss market ($USD4.23M).
Compensation vs Earnings: Patrick's compensation has increased by more than 20% in the past year.
Management Age and Tenure
5.1yrs
Average Tenure
55yo
Average Age
Experienced Management: SLHN's management team is seasoned and experienced (5.1 years average tenure).
Board Age and Tenure
7.5yrs
Average Tenure
62yo
Average Age
Experienced Board: SLHN's board of directors are considered experienced (7.5 years average tenure).
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Management Team
Stefan Mächler (59yo)
Group Chief Investment Officer & Member of the Corporate Executive Board
- Tenure: 5.1yrs
Nils Frowein (55yo)
CEO of International & Member of the Corporate Executive Board
- Tenure: 4.8yrs
Patrick Frost (51yo)
Group CEO & Chairman of the Corporate Executive Board
- Tenure: 5.3yrs
- Compensation: CHF4.25m
Charles Relecom (66yo)
CEO of France & Member of the Corporate Executive Board
- Tenure: 11.3yrs
Markus Leibundgut (50yo)
CEO of Switzerland & Member of the Corporate Executive Board
- Tenure: 5.5yrs
Robert Moser
Head of Group Controlling
- Tenure: 4.8yrs
Rudolf Keller
Head of Corporate Finance and M&A
- Tenure: 9.8yrs
Heidi Hinterhuber
Head of Investor Relations
- Tenure: 0yrs
Jörg Arnold (55yo)
CEO of Germany & Member of the Corporate Executive Board
- Tenure: 2.3yrs
Matthias Aellig (48yo)
Group CFO & Member of Executive Board
- Tenure: 0.6yrs
Board Members
Rolf Dörig (62yo)
Chairman of the Board
- Tenure: 10.4yrs
- Compensation: CHF1.20m
Ueli Dietiker (66yo)
Director
- Tenure: 6.5yrs
- Compensation: CHF206.95k
Thomas Buess (62yo)
Director
- Tenure: 0.5yrs
Frank Keuper (66yo)
Director
- Tenure: 6.5yrs
- Compensation: CHF140.49k
Adrienne Fumagalli (61yo)
Director
- Tenure: 5.5yrs
- Compensation: CHF140.49k
Frank Schnewlin (68yo)
Vice Chairman of the Board
- Tenure: 10.4yrs
- Compensation: CHF350.16k
Henry Peter (62yo)
Independent Director
- Tenure: 13.4yrs
- Compensation: CHF223.78k
Franziska A. Sauber (60yo)
Director
- Tenure: 16.4yrs
- Compensation: CHF140.49k
Klaus Tschütscher (52yo)
Independent Director
- Tenure: 6.5yrs
- Compensation: CHF153.54k
Damir Filipovic (49yo)
Director
- Tenure: 8.4yrs
- Compensation: CHF140.49k
Company Information
Swiss Life Holding AG's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Swiss Life Holding AG
- Ticker: SLHN
- Exchange: SWX
- Founded: 1857
- Industry: Life and Health Insurance
- Sector: Insurance
- Market Cap: CHF16.493b
- Shares outstanding: 33.80m
- Website: https://www.swisslife.com
Number of Employees
Location
- Swiss Life Holding AG
- General-Guisan-Quai 40
- PO Box 2831
- Zurich
- Zurich
- 8022
- Switzerland
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SWSD.F | OTCPK (Pink Sheets LLC) | Yes | Registered Shares | US | USD | Jul 1997 |
| SLHN | SWX (SIX Swiss Exchange) | Yes | Registered Shares | CH | CHF | Jul 1997 |
| 0QMG | LSE (London Stock Exchange) | Yes | Registered Shares | GB | CHF | Jul 1997 |
| SLW | DB (Deutsche Boerse AG) | Yes | Registered Shares | DE | EUR | Jul 1997 |
| SZLM.Y | OTCPK (Pink Sheets LLC) | ADR | US | USD | Oct 2008 | |
| SLHNE | SWX (SIX Swiss Exchange) | CHF5.1 (REPUR 2ND TRADE LINE) | CH | CHF | Dec 2018 |
Biography
Swiss Life Holding AG provides life insurance, risk, pensions, and financial solutions for private and corporate clients. It operates through Switzerland, France, Germany, International and Asset Managers ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2019/10/19 20:49 |
| End of Day Share Price | 2019/10/18 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.