Swiss Life Holding AG (SLHN) AI Stock Analysis

• Market Cap: $24.51B
• Dividend Yield: 4.02%
• Average Volume (3M): 58.08K
• Price to Earnings (P/E): 20.7
• Beta (1Y): 0.51
• Revenue Growth: -1.65%
• EPS Growth: 10.05%
• Country: CH
• Employees: 9,424
• Sector: Financial
• Sector Strength: 70
• Industry: Insurance - Diversified
• EPS (TTM): 20.53
• Shares Outstanding: 28,532,982
• 10 Day Avg. Volume: 51,647
• 30 Day Avg. Volume: 58,084
• PEG Ratio: 1.16
• Price to Book (P/B): 2.66
• Price to Sales (P/S): 1.39
• P/FCF Ratio: 357.59
• Enterprise Value/Market Cap: 1.56
• Enterprise Value/Revenue: 6.56
• Enterprise Value/Gross Profit: 6.56
• Enterprise Value/Ebitda: 18.43
• 1Y Price Target: $869.92
• Price Target Upside: -0.19% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 5
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 68 Neutral
• Price Target: CHF935.00 ▲(7.27% Upside)

Swiss Life Holding AG's overall stock score reflects a stable financial performance with solid profitability and effective cost management. The technical analysis suggests a neutral to slightly bullish trend, while the valuation indicates a potentially overvalued stock offset by an attractive dividend yield. The positive sentiment from the earnings call, emphasizing revenue growth and market expansion, further supports the score, despite challenges in European sales and supply chain disruptions.

Positive Factors

Revenue Growth

A 15% revenue increase indicates strong demand and effective market strategies, supporting long-term growth and financial stability.

Market Expansion

Entering new markets in Southeast Asia diversifies revenue streams and reduces dependency on European markets, enhancing growth prospects.

Profitability

Strong EBIT and EBITDA margins reflect efficient operations and cost management, ensuring sustainable profitability over time.

Negative Factors

Revenue Fluctuations

Revenue fluctuations can indicate market volatility or operational challenges, potentially impacting long-term financial planning and stability.

European Sales Decline

A decline in European sales suggests regional economic challenges, which could affect overall revenue and growth potential if not addressed.

Cash Flow Inconsistencies

Inconsistent cash flow can strain liquidity and limit investment capacity, posing risks to financial health and operational flexibility.

Swiss Life Holding AG Business Overview & Revenue Model

Company Description

Swiss Life Holding AG (SLHN) is a leading Swiss insurance and financial services company, primarily focused on life insurance, pensions, and financial planning solutions. Established in 1857, the company operates in several key sectors, including life insurance, asset management, and health insurance. Swiss Life serves both individual and corporate clients, offering a comprehensive range of products that include life insurance policies, investment solutions, and pension plans, tailored to meet the diverse needs of its clientele.

How the Company Makes Money

Swiss Life Holding AG generates revenue through multiple key streams. The primary source of income comes from premiums collected from life insurance policies, which provide long-term financial security for policyholders. Additionally, the company earns revenue from asset management services, managing investments on behalf of clients and charging fees based on assets under management. Another significant revenue stream is the sale of pension products, which include both defined benefit and defined contribution plans. Swiss Life also benefits from fee income derived from financial planning and advisory services. Strategic partnerships with banks and financial intermediaries enhance its distribution capabilities, allowing the company to reach a broader customer base and increase sales. Economic factors, regulatory changes, and investment performance also play crucial roles in influencing its overall financial performance.

Swiss Life Holding AG Financial Statement Overview

Summary

Swiss Life Holding AG demonstrates solid profitability with stable net margins and effective cost management. Despite revenue fluctuations and a declining equity ratio, the company's leverage remains controlled. Cash flow inconsistencies present a potential risk, but recent improvements in free cash flow provide a positive outlook. Overall, the company's financial health is stable, with room for growth in cash flow stability.

Income Statement

Swiss Life Holding AG exhibits a robust EBIT and EBITDA margin, indicating strong profitability. However, the revenue has shown fluctuations over the years, with a noticeable decline in the most recent year. The net profit margin remains stable, reflecting effective cost management.

Balance Sheet

The company has a moderate debt-to-equity ratio, suggesting a balanced approach to leverage. The equity ratio has decreased over the years, indicating a reliance on liabilities. Return on equity is satisfactory, showing effective utilization of shareholder funds.

Cash Flow

Cash flow from operations has been inconsistent, with a significant decline in the latest year. However, free cash flow has shown some recovery, indicating potential for future cash flow improvements. The free cash flow to net income ratio suggests cautious cash management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	5.82B	14.43B	15.24B	20.36B	21.52B	22.42B
Gross Profit	5.82B	14.43B	15.11B	20.36B	21.52B	22.42B
EBITDA	2.07B	2.13B	1.80B	1.93B	1.93B	1.60B
Net Income	898.50M	1.21B	1.08B	1.18B	1.25B	1.05B
Balance Sheet
Total Assets	216.19B	218.93B	213.44B	217.33B	240.65B	237.78B
Cash, Cash Equivalents and Short-Term Investments	0.00	59.45B	5.89B	6.91B	7.21B	7.87B
Total Debt	10.64B	9.41B	9.49B	14.83B	13.02B	12.86B
Total Liabilities	209.21B	211.26B	205.15B	207.72B	224.80B	220.94B
Stockholders Equity	6.83B	7.52B	7.50B	9.49B	15.73B	16.75B
Cash Flow
Free Cash Flow	868.00M	56.00M	-1.08B	918.00M	200.00M	421.00M
Operating Cash Flow	952.00M	186.00M	-975.00M	1.00B	289.00M	464.00M
Investing Cash Flow	-399.00M	-465.00M	-111.00M	3.00M	-194.00M	-40.00M
Financing Cash Flow	-1.24B	-580.00M	-1.42B	-1.12B	-625.00M	-719.00M

Swiss Life Holding AG Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 871.60
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:SLHN, the sentiment is Positive. The current price of 871.6 is above the 20-day moving average (MA) of 869.32, above the 50-day MA of 870.84, and above the 200-day MA of 825.61, indicating a bullish trend. The MACD of 0.99 indicates Positive momentum. The RSI at 50.32 is Neutral, neither overbought nor oversold. The STOCH value of 29.90 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CH:SLHN.

Swiss Life Holding AG Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ZURN	78 Outperform	$79.70B	15.82	23.97%	4.80%	-7.33%	17.93%
SREN	73 Outperform	$35.02B	11.80	17.22%	4.58%	-4.94%	-5.71%
VAHN	70 Outperform	€1.83B	12.14	6.06%	3.59%	-1.58%	4.07%
BALN	68 Neutral	CHF9.10B	20.76	―	4.09%	-9.11%	73.67%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
SLHN	68 Neutral	$24.51B	20.72	17.11%	4.02%	-1.65%	10.05%
HELN	59 Neutral	CHF10.64B	19.44	―	3.40%	-1.57%	95.56%

Swiss Life Holding AG Corporate Events

Swiss Life’s Study Highlights Financial Satisfaction Disparities in Switzerland

Swiss Life’s ‘Pension Panorama Switzerland’ study reveals that while half of the Swiss population finds it easy to manage financially, there is a significant disparity in financial satisfaction between retirees and working-age single parents. The study highlights that only a minority feel confident in their financial knowledge, particularly regarding pension terms, and that financial expectations for retirement are subdued, with only 42% of working-age individuals confident in maintaining their living standards post-retirement. The study underscores the importance of financial education and the need for better preparation for retirement among the Swiss population.

Swiss Life Reports Strong Growth in First Nine Months of 2025

Swiss Life Holding AG reported continued growth in the first nine months of 2025, with increases in fee income, premium income, and direct investment income. The company achieved significant net new money inflows in its TPAM business and maintained a strong solvency ratio, indicating robust financial health. The growth was driven by positive contributions from all insurance segments and markets, with notable increases in premium and fee income across Switzerland, France, Germany, and the international market. The company is on track with its ‘Swiss Life 2027’ corporate program, which aims to further strengthen its market position and operational capabilities.

Swiss Life Successfully Places CHF 250 Million Hybrid Bond

Swiss Life Holding AG has successfully placed a CHF 250 million hybrid bond in the Swiss franc market, with a maturity until 2045 and an optional redemption date in 2035. The funds from this bond will be used for general corporate purposes, including potential refinancing of outstanding instruments, which may enhance the company’s financial flexibility and support its strategic initiatives.