Added to YB: 2026-05-25
Pitch date: 2026-05-21
SLHN.SW [neutral]
Swiss Life Holding AG
Author Info
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Company Info
Swiss Life Holding AG provides life, pensions, and financial solutions for private and corporate clients.
Market Cap
CHF 24.0B
Pitch Price
N/A
Price Target
N/A
Dividend
4.24%
EV/EBITDA
17.24
P/E
19.78
EV/Sales
2.88
Sector
Insurance
Category
growth
Swiss Life (SLNH Switzerland): the fee engine keeps compounding while investment income cools off
SLHN.SW (update): Q1 premiums +5% to CHF8.2bn, fee income +6% to CHF686m as shift to capital-light continues. Switzerland strong at +10% premiums; France 73% unit-linked. Asset mgmt net new money CHF4.2bn, AUM CHF148bn, fees +12%. TELIS deal adds 1,800 advisors, pushes German fees >€1bn. Weak spot: investment income fell to CHF942m vs CHF1.08bn prior on infra/equity/FX headwinds. SST 210%, CHF750M buyback ongoing. Progress priced in.
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