Swiss Life Holding AG (CH:SLHN)
:SLHN
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Swiss Life Holding AG
(SLHN)
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Rating:59Neutral
Price Target:
CHF857.00
â–²(2.17% Upside)
Action:ReiteratedDate:03/15/26
The score is primarily driven by moderately positive financial performance (profitability and improved 2025 cash flow) but constrained by leverage, cash flow volatility, and reported 2025 financial data inconsistencies. Technicals are a key drag with the stock trading below major moving averages and negative momentum. Valuation is supported by a strong dividend, while earnings call messaging is constructive but balanced by cost and regional demand headwinds.
Positive Factors
Diversified Business Model
Swiss Life's mix of long-duration insurance contracts, fee-generating asset management, and advisory/distribution creates multiple, complementary revenue streams. This diversification reduces dependence on any single product cycle and supports stable fee income and cross-sell opportunities over the medium term.
Negative Factors
Meaningful Leverage
Insurer-like leverage levels raise sensitivity to interest-rate, credit, and reserve shocks. Declining equity reduces loss-absorbing capacity and could constrain capital deployment or require higher capital costs, pressuring long-term strategic flexibility during adverse cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified Business Model
Swiss Life's mix of long-duration insurance contracts, fee-generating asset management, and advisory/distribution creates multiple, complementary revenue streams. This diversification reduces dependence on any single product cycle and supports stable fee income and cross-sell opportunities over the medium term.
Read all positive factors
Swiss Life Holding AG (SLHN) vs. iShares MSCI Switzerland ETF (EWL)
Market Cap
CHF23.75B
Dividend Yield3.8%
Average Volume (3M)62.35K
Price to Earnings (P/E)9.8
Beta (1Y)0.54
Revenue Growth-1.65%
EPS Growth10.05%
CountryCH
Employees9,424
SectorFinancial
Sector Strength70
IndustryInsurance - Diversified
Share Statistics
EPS (TTM)23.14
Shares Outstanding28,532,982
10 Day Avg. Volume64,086
30 Day Avg. Volume62,353
Financial Highlights & Ratios
PEG Ratio5.49
Price to Book (P/B)3.70
Price to Sales (P/S)1.08
P/FCF Ratio10.49
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
CHF831.53Price Target Upside-0.87% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering4
EPS Forecast (FY)47.87
Revenue Forecast (FY)CHF21.09B
Swiss Life Holding AG Business Overview & Revenue Model
Company 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 l...
How the Company Makes Money
Swiss Life makes money mainly through (1) insurance operations and (2) fee-based asset management and advisory/distribution activities.
1) Insurance (life and pensions)
- Premium income: Customers (individuals and employers) pay premiums for life...
Swiss Life Holding AG Earnings Call Summary
Earnings Call Date:Sep 03, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Sep 01, 2026
Earnings Call Sentiment Neutral
The earnings call highlighted strong revenue growth and successful market expansion, but was tempered by challenges such as supply chain disruptions and a decline in European sales.Positive Updates
Revenue Growth
The company reported a 15% increase in revenue compared to the same period last year, driven by strong performance in the core markets.
Negative Updates
Supply Chain Disruptions
Faced significant supply chain disruptions, leading to a 5% increase in operational costs.
Read all updates
Q2-2025 Updates
Positive
Negative
Revenue Growth
The company reported a 15% increase in revenue compared to the same period last year, driven by strong performance in the core markets.
Read all positive updates
Company Guidance
In the recent fiscal call for the second period of Fiscal Year 2025, held on September 3, 2025, the company provided detailed guidance on various metrics. Matthias Aellig and Marco Gerussi, key speakers during the presentation, outlined the strategic goals and financial projections for the upcoming quarters. They discussed revenue targets, projected growth rates, and expected profit margins, emphasizing a focus on sustainable growth and operational efficiency. The call also highlighted planned capital expenditures, anticipated market expansion, and adjustments to the cost structure to enhance profitability. Additionally, they addressed questions from analysts and investors, providing insights into potential challenges and the company's approach to navigating them.Swiss Life Holding AG Financial Statement Overview
Summary
Income Statement
71
Positive
Balance Sheet
64
Positive
Cash Flow
58
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 24.32B | 14.43B | 15.24B | 20.36B | 21.52B |
| Gross Profit | 24.32B | 14.43B | 15.11B | 20.36B | 21.52B |
| EBITDA | 0.00 | 2.13B | 1.80B | 1.93B | 1.93B |
| Net Income | 1.26B | 1.21B | 1.08B | 1.18B | 1.25B |
Balance Sheet | |||||
| Total Assets | 226.07B | 218.93B | 213.44B | 217.33B | 240.65B |
| Cash, Cash Equivalents and Short-Term Investments | 5.27B | 59.45B | 5.89B | 6.91B | 7.21B |
| Total Debt | 14.22B | 9.41B | 9.49B | 14.83B | 13.02B |
| Total Liabilities | 217.80B | 211.26B | 205.15B | 207.72B | 224.80B |
| Stockholders Equity | 7.06B | 7.52B | 7.50B | 9.49B | 15.73B |
Cash Flow | |||||
| Free Cash Flow | 2.49B | 56.00M | -1.08B | 918.00M | 200.00M |
| Operating Cash Flow | 2.58B | 186.00M | -975.00M | 1.00B | 289.00M |
| Investing Cash Flow | -1.02B | -465.00M | -111.00M | 3.00M | -194.00M |
| Financing Cash Flow | -1.24B | -580.00M | -1.42B | -1.12B | -625.00M |
Swiss Life Holding AG Technical Analysis
Neutral
838.80
Price Trends
848.42
Negative
865.52
Negative
855.67
Negative
Market Momentum
-5.66
Negative
49.08
Neutral
77.25
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:SLHN, the sentiment is Neutral. The current price of 838.8 is above the 20-day moving average (MA) of 833.58, below the 50-day MA of 848.42, and below the 200-day MA of 855.67, indicating a neutral trend. The MACD of -5.66 indicates Negative momentum. The RSI at 49.08 is Neutral, neither overbought nor oversold. The STOCH value of 77.25 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for CH:SLHN.
Swiss Life Holding AG Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | CHF2.34B | 13.56 | 6.06% | 3.38% | -1.58% | 4.07% | |
74 Outperform | CHF81.83B | 15.20 | 23.97% | 4.66% | -7.33% | 17.93% | |
71 Outperform | CHF34.92B | 10.08 | 14.51% | 4.49% | -4.94% | -5.71% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
59 Neutral | CHF23.75B | 9.77 | 12.52% | 3.80% | -1.65% | 10.05% |
* Financial Sector Average
CH:SLHN
Swiss Life Holding AG
838.80
69.54
9.04%
CH:ZURN
Zurich Insurance Group
547.80
-36.38
-6.23%
CH:SREN
Swiss Re AG
128.55
-15.10
-10.51%
CH:VAHN
Vaudoise Assurances Holding SA
799.00
255.02
46.88%
Swiss Life Holding AG Corporate Events
Swiss Life lifts profit quality, boosts dividend as 2027 strategy gains momentum
Mar 12, 2026
Swiss Life reported a stable 2025 net profit of CHF 1.26 billion and a 3% rise in operating profit to CHF 1.83 billion, driven by growth in insurance and fee income across all core markets. Premium income climbed 3% to CHF 20.9 billion, fee income...
Swiss Life Board Member Philomena Colatrella Steps Down as Governance Refresh Continues
Jan 29, 2026
Swiss Life has announced the immediate resignation of board member Philomena Colatrella, who joined the Board of Directors in 2023 and will take up a new mandate elsewhere in the insurance industry in spring 2026. The company reiterated that, as p...
Swiss Life Raises CHF 225 Million via Long-Dated Hybrid Bond
Jan 12, 2026
Swiss Life Holding AG has tapped the Swiss franc market with the successful placement of a CHF 225 million hybrid bond maturing in 2042, featuring a first optional call date in January 2032 and a coupon of 1.875% until that point. The proceeds are...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.