Swiss Life SLHN.SW
Swiss Life is a Swiss insurer and asset manager offering life insurance, pension, and wealth management solutions to private and institutional clients. Swiss Life shows solid financial health with an ROE of 19.37% and an operating margin of 16.70%, although its valuation (P/E 20.03) already discounts much of these strengths. Earnings growth of 11.90% and the operational efficiency plan support a positive outlook, but the multiple limits upside potential.
Detailed metrics
Market and fundamental data as of the analysis date.
Full AI report
Generated automatically from the metrics, the macro context and the company's news.
Swiss Life is a Swiss insurer and asset manager offering life insurance, pension, and wealth management solutions to private and institutional clients. Swiss Life shows solid financial health with an ROE of 19.37% and an operating margin of 16.70%, although its valuation (P/E 20.03) already discounts much of these strengths. Earnings growth of 11.90% and the operational efficiency plan support a positive outlook, but the multiple limits upside potential.
Score by category
| Category | Score |
|---|---|
| Financial health | 6.2 |
| Quality / Moat | 6.2 |
| Valuation | 2.6 |
| Growth | 5.8 |
| Dividend | 6.2 |
| Momentum | 5.7 |
| Risk & Context | 8.0 |
OVERALL SCORE: 5.8/10
Context and risks
The rise in 10-year rates (5.17%) is a favorable environment for a life insurer's intermediation margin and investment portfolio, but the duration of its liabilities and pressure on long-duration asset valuations add some caution. Swiss regulatory risk is moderate and already reflected in the country profile.
News considered in the analysis
- Swiss Life plans 600 job cuts by end of 2028, H1 profit rises — El plan de recorte de 600 puestos (alrededor del 5% de la plantilla) busca mejorar la eficiencia operativa y ya se ha anunciado públicamente, aunque su impacto en márgenes se materializará gradualmente hasta 2028.
- Swiss Life Holding AG (SWSDF) (Q2 2026) Earnings Call Highlights: Strong Fee Growth and Capital ... — El crecimiento de comisiones y la sólida posición de capital refuerzan la calidad del negocio de gestión de activos, aunque es información ya comunicada y parcialmente reflejada en el precio.
- Swiss Life Holding AG (SWSDF) Full Year 2025 Earnings Call Highlights: Strong Operational ... — Resultados anuales de 2025 ya conocidos y ampliamente cubiertos; sin información nueva relevante.
- Investing in Swiss Life Holding (VTX:SLHN) five years ago would have delivered you a 184% gain — Artículo retrospectivo sobre rentabilidad pasada; sin información nueva para la valoración.
Verdict: Hold positions; business quality and a favorable rate environment offset a demanding valuation, but the margin for improvement is limited.
Main risk: The main risk is the sensitivity of the investment portfolio to a persistently high-rate environment, which could compress the value of long-duration assets and affect solvency in the medium term.
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