Swiss Life Holding AG SLHN

Stock XSWX Rating as of Oct 2, 2026

CHF 891.00 +7.40 (0.84%)

As of Oct 2, 2026, 3:32:31 PM Delayed Price Closed

Company Report

Swiss Life Earnings: Mediocre Numbers as the Business Announces a Round of Job Cuts

Henry Heathfield Sep 1, 2026

Over the first half of 2026, Swiss Life has delivered what we believe is a mediocre set of numbers. On the back of that, the business has announced that over the next two years it will be carrying out a round of redundancies, targeting 600 positions by the end of 2028.

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Price vs Fair Value

View History

SLHN is trading at a LOCK|gcJ!j@> premium.

Price

CHF 891.00

Oct 2, 2026

Fair Value

L>#

Apr 13, 2026

Uncertainty

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1-Star Price: LOCK|#Z.%%
5-Star Price: LOCK|$d
Economic Moat: LOCK|V>v
Capital Allocation: LOCK|cbXbgb

Bulls Say, Bears Say

Bulls

Swiss Life has what we think is a solid and well-developed advisory business that serves discerning clients.

Bears

Swiss Life is not the domestic market leader in individual unit-linked or life long term savings.

Trading Information

Previous Close Price: CHF 883.60
Day Range: CHF 880.20–891.40
52-Week Range: CHF 793.00–962.20
Bid/Ask: CHF 883.00 / CHF 900.00
Shares Outstanding: 27.95M
Market Cap: CHF 24.90B
Volume/Avg: 42,356 / 47,791

Key Statistics

Price/Earnings (Normalized): 31.71
Price/Sales: 1.22
Dividend Yield (Trailing): 4.10%
Dividend Yield (Forward): 4.10%
Dividend Payment Schedule: May
Total Yield: 7.00%

Company Profile

Swiss Life is predominantly a life and long-term savings company that generates the main share of its revenue and earnings from its domestic market of Switzerland. The company also operates in France, Germany, and a few smaller but wealthy European countries. The company has an asset manager as well. Swiss Life has three main sources of income that vary in significance by geography. Savings income relates to spread-based earnings, the risk result relates to a margin on insurance products, and the fee result relates to fees from asset management, financial advice, and unit-linked sales. The fee result has been growing in importance over time.

Sector: Financial Services
Industry: Insurance - Diversified
Stock Style Box: Large Core
Total Number of Employees: 12,313
Website: https://www.swisslife.com

Competitors

Valuation

Metric	SLHN	ZURN	ALV
Price/Earnings (Normalized)	31.71	12.45	13.06
Price/Book Value	3.91	3.33	2.49
Price/Sales	1.22	0.99	1.01
Price/Cash Flow	19.81	—	15.47

Price/Earnings

SLHN

ZURN

ALV

Financial Strength

Metric	SLHN	ZURN	ALV
Quick Ratio	—	—	—
Current Ratio	—	—	—
Interest Coverage	6.51	22.36	—

Quick Ratio

No chart available

Profitability

Metric	SLHN	ZURN	ALV
Return on Assets (Normalized)	0.59%	1.88%	1.18%
Return on Equity (Normalized)	19.24%	27.18%	19.64%
Return on Invested Capital (Normalized)	6.22%	17.19%	14.03%

Return on Assets