Helvetia Holding AG ( (CH:HELN) ) has issued an update.
Helvetia Holding AG’s recent study highlights a concerning trend where many Swiss homeowners are using pension funds to finance property purchases, leading to significant pension gaps. This poses a risk to the affordability of mortgages in retirement, as many homeowners have not planned to close these gaps. The study suggests that early financial planning is crucial to ensure sustainable mortgage affordability post-retirement, recommending either mortgage reduction or pension fund replenishment to mitigate risks.
More about Helvetia Holding AG
Helvetia Insurance, based in St. Gallen, is an international insurance group with Swiss roots, employing over 14,000 people and serving more than 6.7 million customers. The company operates in Switzerland, Spain, and the GIAM region, focusing on being a Local Customer Champion and catering to the growing segment of customers over 50. Helvetia also aims for growth in international specialty lines and reinsurance, leveraging its expertise in European retail markets to offer specialty solutions to SMEs. In 2024, Helvetia reported a business volume of CHF 11.6 billion and underlying earnings of CHF 528.5 million.
YTD Price Performance: 21.89%
Average Trading Volume: 95,399
Technical Sentiment Signal: Sell
Current Market Cap: CHF9.66B
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