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Swiss Life Holding

LSE:0QMG
Snowflake Description

Proven track record with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
0QMG
LSE
CHF16B
Market Cap
  1. Home
  2. GB
  3. Insurance
Company description

Swiss Life Holding AG provides life insurance, risk, pensions, and financial solutions for private and corporate clients. The last earnings update was 33 days ago. More info.


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0QMG Share Price and Events
7 Day Returns
2.7%
LSE:0QMG
3.5%
GB Insurance
0.6%
GB Market
1 Year Returns
32.3%
LSE:0QMG
-5%
GB Insurance
1.1%
GB Market
0QMG Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Swiss Life Holding (0QMG) 2.7% 10.9% 14.2% 32.3% 88.8% 119.8%
GB Insurance 3.5% 7.8% 9.9% -5% 14.9% 23.7%
GB Market 0.6% 3.6% 6.9% 1.1% 15.6% 6.2%
1 Year Return vs Industry and Market
  • 0QMG outperformed the Insurance industry which returned -5% over the past year.
  • 0QMG outperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 1.1% over the past year.
Price Volatility
0QMG
Industry
5yr Volatility vs Market

0QMG Value

 Is Swiss Life Holding undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Swiss Life Holding to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Swiss Life Holding.

LSE:0QMG Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 7 analysts.
= Stable Book Value * Return on Equity
= CHF469.95 * 8.6%
CHF40.44
Book Value of Equity per Share Weighted future Book Value estimates from 5 analysts. CHF469.95
Discount Rate (Cost of Equity) See below 7.7%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for LSE:0QMG
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6%
Insurance Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.724 (1 + (1- 18%) (67.74%))
1.085
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.08
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (1.085 * 5.96%)
7.69%

Discounted Cash Flow Calculation for LSE:0QMG using Excess Returns Model Model

The calculations below outline how an intrinsic value for Swiss Life Holding is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

LSE:0QMG Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (8.6% – 7.69%) * CHF469.95)
CHF4.29
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= CHF4.29 / (7.69% - 1.23%)
CHF66.36
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= CHF469.95 + CHF66.36
CHF536.3
LSE:0QMG Discount to Share Price
Calculation Result
Value per share (CHF) From above. CHF536.30
Current discount Discount to share price of CHF475.40
= -1 x (CHF475.40 - CHF536.30) / CHF536.30
11.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Swiss Life Holding is available for.
Intrinsic value
11%
Share price is CHF475.4 vs Future cash flow value of CHF536.3
Current Discount Checks
For Swiss Life Holding to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Swiss Life Holding's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Swiss Life Holding's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Swiss Life Holding's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Swiss Life Holding's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:0QMG PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in CHF CHF31.59
SWX:SLHN Share Price ** SWX (2019-04-18) in CHF CHF475.4
United Kingdom of Great Britain and Northern Ireland Insurance Industry PE Ratio Median Figure of 19 Publicly-Listed Insurance Companies 16.26x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 797 Publicly-Listed Companies 16.29x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Swiss Life Holding.

LSE:0QMG PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= SWX:SLHN Share Price ÷ EPS (both in CHF)

= 475.4 ÷ 31.59

15.05x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Swiss Life Holding is good value based on earnings compared to the GB Insurance industry average.
  • Swiss Life Holding is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Swiss Life Holding's expected growth come at a high price?
Raw Data
LSE:0QMG PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.05x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
4.6%per year
United Kingdom of Great Britain and Northern Ireland Insurance Industry PEG Ratio Median Figure of 16 Publicly-Listed Insurance Companies 1.54x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 564 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

LSE:0QMG PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 15.05x ÷ 4.6%

3.26x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Swiss Life Holding is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Swiss Life Holding's assets?
Raw Data
LSE:0QMG PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in CHF CHF442.16
SWX:SLHN Share Price * SWX (2019-04-18) in CHF CHF475.4
United Kingdom of Great Britain and Northern Ireland Insurance Industry PB Ratio Median Figure of 24 Publicly-Listed Insurance Companies 2.12x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,367 Publicly-Listed Companies 1.51x
LSE:0QMG PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= SWX:SLHN Share Price ÷ Book Value per Share (both in CHF)

= 475.4 ÷ 442.16

1.08x

* Primary Listing of Swiss Life Holding.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Swiss Life Holding is good value based on assets compared to the GB Insurance industry average.
X
Value checks
We assess Swiss Life Holding's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Insurance industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Insurance industry average (and greater than 0)? (1 check)
  5. Swiss Life Holding has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

0QMG Future Performance

 How is Swiss Life Holding expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
4.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Swiss Life Holding expected to grow at an attractive rate?
  • Swiss Life Holding's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Swiss Life Holding's earnings growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
  • Swiss Life Holding's revenue growth is positive but not above the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:0QMG Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:0QMG Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 4.6%
LSE:0QMG Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 1.9%
United Kingdom of Great Britain and Northern Ireland Insurance Industry Earnings Growth Rate Market Cap Weighted Average 11.8%
United Kingdom of Great Britain and Northern Ireland Insurance Industry Revenue Growth Rate Market Cap Weighted Average 18.3%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 11%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
LSE:0QMG Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in CHF Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:0QMG Future Estimates Data
Date (Data in CHF Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 1,243
2020-12-31 20,663 1,170 4
2019-12-31 20,712 1,129 2
LSE:0QMG Past Financials Data
Date (Data in CHF Millions) Revenue Cash Flow Net Income *
2018-12-31 19,900 2,693 1,076
2018-09-30 19,854 1,630 1,060
2018-06-30 19,838 566 1,044
2018-03-31 19,368 405 1,026
2017-12-31 18,868 244 1,007
2017-09-30 18,916 1,108 976
2017-06-30 18,964 1,972 944
2017-03-31 19,364 1,909 933
2016-12-31 19,763 1,846 922
2016-09-30 19,820 1,564 902
2016-06-30 19,906 1,105 881
2016-03-31 20,134 196 877

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Swiss Life Holding's earnings are expected to grow by 4.6% yearly, however this is not considered high growth (20% yearly).
  • Swiss Life Holding's revenue is expected to grow by 1.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
LSE:0QMG Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from Swiss Life Holding Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0QMG Future Estimates Data
Date (Data in CHF Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 39.41 41.98 38.29 4.00
2020-12-31 36.24 39.36 33.09 10.00
2019-12-31 33.65 36.22 30.88 10.00
LSE:0QMG Past Financials Data
Date (Data in CHF Millions) EPS *
2018-12-31 31.59
2018-09-30 31.40
2018-06-30 31.20
2018-03-31 31.09
2017-12-31 30.98
2017-09-30 30.24
2017-06-30 29.48
2017-03-31 29.20
2016-12-31 28.92
2016-09-30 28.30
2016-06-30 27.69
2016-03-31 27.54

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Swiss Life Holding is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Swiss Life Holding's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Swiss Life Holding has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

0QMG Past Performance

  How has Swiss Life Holding performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Swiss Life Holding's growth in the last year to its industry (Insurance).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Swiss Life Holding's year on year earnings growth rate has been positive over the past 5 years.
  • Swiss Life Holding's 1-year earnings growth exceeds its 5-year average (6.9% vs 6.8%)
  • Swiss Life Holding's earnings growth has exceeded the GB Insurance industry average in the past year (6.9% vs 5.3%).
Earnings and Revenue History
Swiss Life Holding's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Swiss Life Holding Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:0QMG Past Revenue, Cash Flow and Net Income Data
Date (Data in CHF Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 19,900.00 1,076.00 1,114.00
2018-09-30 19,854.00 1,060.00 1,100.50
2018-06-30 19,838.00 1,044.00 1,087.00
2018-03-31 19,368.00 1,025.50 1,073.00
2017-12-31 18,868.00 1,007.00 1,059.00
2017-09-30 18,916.00 975.50 1,046.00
2017-06-30 18,964.00 944.00 1,033.00
2017-03-31 19,363.50 933.00 1,019.50
2016-12-31 19,763.00 922.00 1,006.00
2016-09-30 19,820.00 901.50 994.50
2016-06-30 19,906.00 881.00 983.00
2016-03-31 20,133.50 876.50 976.00
2015-12-31 20,361.00 872.00 969.00
2015-09-30 22,518.50 846.00 966.50
2015-06-30 23,012.00 820.00 964.00
2015-03-31 22,887.50 817.00 964.00
2014-12-31 22,763.00 814.00 964.00
2014-09-30 20,576.00 803.50 964.00
2014-06-30 18,389.00 793.00 964.00
2014-03-31 18,667.50 787.00 969.00
2013-12-31 18,946.00 781.00 974.00
2013-09-30 19,178.00 493.50 970.00
2013-06-30 19,410.00 206.00 966.00
2013-03-31 19,031.00 152.00 959.00
2012-12-31 18,652.00 98.00 952.00
2012-09-30 19,648.00 331.00 948.50
2012-06-30 20,646.00 566.00 938.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Swiss Life Holding has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Swiss Life Holding used its assets less efficiently than the GB Insurance industry average last year based on Return on Assets.
  • Swiss Life Holding has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Swiss Life Holding's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Insurance industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Swiss Life Holding has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

0QMG Health

 How is Swiss Life Holding's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Swiss Life Holding's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Swiss Life Holding is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Swiss Life Holding's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Swiss Life Holding's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 5.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Swiss Life Holding Company Filings, last reported 3 months ago.

LSE:0QMG Past Debt and Equity Data
Date (Data in CHF Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 15,033.00 10,886.00 48,461.00
2018-09-30 15,033.00 10,886.00 48,461.00
2018-06-30 15,238.00 4,236.00 49,910.00
2018-03-31 15,238.00 4,236.00 49,910.00
2017-12-31 15,583.00 9,735.00 47,941.00
2017-09-30 15,583.00 9,735.00 47,941.00
2017-06-30 13,981.00 5,064.00 44,380.00
2017-03-31 13,981.00 5,064.00 44,380.00
2016-12-31 13,739.00 9,790.00 43,677.00
2016-09-30 13,739.00 9,790.00 43,676.00
2016-06-30 14,396.00 5,904.00 41,776.00
2016-03-31 14,396.00 5,904.00 41,776.00
2015-12-31 12,258.00 8,714.00 40,308.00
2015-09-30 12,258.00 8,714.00 40,308.00
2015-06-30 11,768.00 4,942.00 38,442.00
2015-03-31 11,768.00 4,942.00 38,442.00
2014-12-31 12,831.00 9,726.00 40,331.00
2014-09-30 12,831.00 9,726.00 40,331.00
2014-06-30 10,953.00 4,280.00 37,638.00
2014-03-31 10,953.00 4,280.00 37,638.00
2013-12-31 9,019.00 6,832.00 38,218.00
2013-09-30 9,019.00 6,832.00 38,218.00
2013-06-30 8,788.00 3,217.00 33,892.00
2013-03-31 8,788.00 3,217.00 33,892.00
2012-12-31 10,155.00 4,699.00 35,552.00
2012-09-30 10,286.00 4,697.00 34,582.00
2012-06-30 9,878.00 2,604.00 30,224.00
  • Swiss Life Holding's level of debt (72.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (75.3% vs 72.4% today).
  • Debt is well covered by operating cash flow (24.7%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.5x coverage).
X
Financial health checks
We assess Swiss Life Holding's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Swiss Life Holding has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

0QMG Dividends

 What is Swiss Life Holding's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.47%
Current annual income from Swiss Life Holding dividends. Estimated to be 4.19% next year.
If you bought CHF2,000 of Swiss Life Holding shares you are expected to receive CHF69 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Swiss Life Holding's pays a higher dividend yield than the bottom 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (2.02%).
  • Swiss Life Holding's dividend is below the markets top 25% of dividend payers in United Kingdom of Great Britain and Northern Ireland (5.19%).
Upcoming dividend payment

Purchase Swiss Life Holding before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
LSE:0QMG Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Insurance Industry Average Dividend Yield Market Cap Weighted Average of 21 Stocks 4.5%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 705 Stocks 4.2%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

LSE:0QMG Future Dividends Estimate Data
Date (Data in CHF) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 22.60 5.00
2020-12-31 20.11 10.00
2019-12-31 18.27 9.00
LSE:0QMG Past Annualized Dividends Data
Date (Data in CHF) Dividend per share (annual) Avg. Yield (%)
2019-03-20 16.500 3.685
2018-03-20 13.500 3.656
2017-03-21 11.000 3.260
2016-04-26 8.500 3.263
2015-03-16 6.500 2.738
2015-02-27 6.500 2.757
2014-03-12 5.500 2.511
2014-02-26 5.500 2.490
2013-03-13 4.500 2.648
2013-02-27 4.500 2.943
2012-03-20 4.500 4.225
2012-02-29 4.500 4.191
2011-03-29 4.500 4.136
2011-03-02 4.500 2.995
2010-01-04 2.400 1.912
2009-07-24 5.000 4.075
2009-04-23 17.000 18.091

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Swiss Life Holding's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.9x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.7x coverage).
X
Income/ dividend checks
We assess Swiss Life Holding's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Swiss Life Holding afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Swiss Life Holding has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

0QMG Management

 What is the CEO of Swiss Life Holding's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Patrick Frost
COMPENSATION CHF4,252,835
AGE 50
TENURE AS CEO 4.8 years
CEO Bio

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 and has been its Member of the Corporate Executive Board since July 1, 2006 and chairman of the Corporate Executive Board since July 1, 2014. Dr. Frost served as Group Chief Investment Officer of Swiss Life Holding AG and Swiss Life Group from July 1, 2006 to July 1, 2014. He served as Managing Director and Head of Global Fixed Income at The Winterthur Group. He began his career as a portfolio manager at Winterthur in 1996 and also worked for them in New York from 1999 to 2001. He served as Head of Global Fixed Income for the Winterthur Group since 2001, where he played a key role in the further strategic development of their asset management. From 1999 to 2001, he served as senior bond portfolio manager at Winterthur Investment Management Corp. in New York. He serves as a Member of the Board of Directors at various Swiss Life subsidiaries. He serves as a Member of the Foundation Board at Technopark Zurich. He served as a Director of Postfinance AG since October 1, 2012 until 2014. He served as a Director of Castle Alternative Invest AG from May 21, 2007 to May 21, 2011. Dr. Frost studied at the ETH in Zurich and the Universities of Cologne, Basel and Zurich, obtaining degrees in natural science, dipl. Natural Science (dipl. Natw. ETH), economics (Dr. rer. pol.) and law (lic. iur.).

CEO Compensation
  • Patrick's compensation has increased by more than 20% in the past year.
  • Patrick's remuneration is about average for companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team Tenure

Average tenure and age of the Swiss Life Holding management team in years:

4.6
Average Tenure
54
Average Age
  • The tenure for the Swiss Life Holding management team is about average.
Management Team

Patrick Frost

TITLE
Group CEO & Chairman of the Corporate Executive Board
COMPENSATION
CHF4M
AGE
50
TENURE
4.8 yrs

Matthias Aellig

TITLE
Group CFO & Member of Executive Board
AGE
47
TENURE
0.1 yrs

Charles Relecom

TITLE
CEO of France & Member of the Corporate Executive Board
AGE
65
TENURE
10.8 yrs

Markus Leibundgut

TITLE
CEO of Switzerland & Member of the Corporate Executive Board
AGE
49
TENURE
5 yrs

Nils Frowein

TITLE
CEO of International & Member of the Corporate Executive Board
AGE
54
TENURE
4.3 yrs

Stefan Mächler

TITLE
Group Chief Investment Officer & Member of the Corporate Executive Board
AGE
58
TENURE
4.6 yrs

Jörg Arnold

TITLE
CEO of Germany & Member of the Corporate Executive Board
AGE
54
TENURE
1.8 yrs

Rudolf Keller

TITLE
Head of Corporate Finance and M&A
TENURE
9.3 yrs

Heidi Hinterhuber

TITLE
Head of Investor Relations

Robert Moser

TITLE
Head of Group Controlling
TENURE
4.3 yrs
Board of Directors Tenure

Average tenure and age of the Swiss Life Holding board of directors in years:

7
Average Tenure
60.5
Average Age
  • The tenure for the Swiss Life Holding board of directors is about average.
Board of Directors

Rolf Dörig

TITLE
Chairman of the Board
COMPENSATION
CHF1M
AGE
61
TENURE
9.9 yrs

Frank Schnewlin

TITLE
Vice Chairman of the Board
COMPENSATION
CHF350K
AGE
67
TENURE
9.9 yrs

Henry Peter

TITLE
Director
COMPENSATION
CHF224K
AGE
61
TENURE
12.9 yrs

Ueli Dietiker

TITLE
Director
COMPENSATION
CHF207K
AGE
65
TENURE
6 yrs

Franziska A. Sauber

TITLE
Director
COMPENSATION
CHF140K
AGE
59
TENURE
15.9 yrs

Damir Filipovic

TITLE
Director
COMPENSATION
CHF140K
AGE
48
TENURE
7.9 yrs

Frank Keuper

TITLE
Director
COMPENSATION
CHF140K
AGE
65
TENURE
6 yrs

Klaus Tschütscher

TITLE
Director
COMPENSATION
CHF154K
AGE
51
TENURE
6 yrs

Adrienne Fumagalli

TITLE
Director
COMPENSATION
CHF140K
AGE
60
TENURE
5 yrs

Stefan Loacker

TITLE
Director
COMPENSATION
CHF154K
AGE
49
TENURE
2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CHF) Value (CHF)
X
Management checks
We assess Swiss Life Holding's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Swiss Life Holding has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

0QMG News

Simply Wall St News

0QMG Company Info

Description

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 segments. The company offers a range of life, pension, health, annuity, and investment-type policies to groups and individuals, as well as disability coverage. It also provides property and casualty, liability and motor, accident and health, and payment protection insurance. In addition, the company manages assets and provides advisory services for institutional clients. Further, the company offers financial planning services for private households and brokering services for financial products; and undertakes reinsurance business. Swiss Life Holding AG distributes its products through its agents, financial advisors, and distribution partners. The company operates in Switzerland and internationally under the brands Swiss Life Select, Tecis, Horbach, Proventus, and Chase de Vere advisors. Swiss Life Holding AG was founded in 1857 and is headquartered in Zurich, Switzerland.

Details
Name: Swiss Life Holding AG
0QMG
Exchange: LSE
Founded: 1857
CHF16,070,520,007
33,804,207
Website: http://www.swisslife.com
Address: Swiss Life Holding AG
General-Guisan-Quai 40,
PO Box 2831,
Zurich,
Zurich, 8022,
Switzerland
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
SWX SLHN Registered Shares SIX Swiss Exchange CH CHF 03. Jul 1997
OTCPK SWSD.F Registered Shares Pink Sheets LLC US USD 03. Jul 1997
DB SLW Registered Shares Deutsche Boerse AG DE EUR 03. Jul 1997
XTRA SLW Registered Shares XETRA Trading Platform DE EUR 03. Jul 1997
LSE 0QMG Registered Shares London Stock Exchange GB CHF 03. Jul 1997
BATS-CHIXE SLHNZ Registered Shares BATS 'Chi-X Europe' GB CHF 03. Jul 1997
OTCPK SZLM.Y ADR Pink Sheets LLC US USD 13. Oct 2008
SWX SLHNE CHF5.1 (REPUR 2ND TRADE LINE) SIX Swiss Exchange CH CHF 03. Dec 2018
Number of employees
Current staff
Staff numbers
8,534
Swiss Life Holding employees.
Industry
Life and Health Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/22 21:01
End of day share price update: 2019/04/18 00:00
Last estimates confirmation: 2019/04/17
Last earnings filing: 2019/03/20
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.