Swiss Life

Swiss Life is a holding company, engaged in providing life insurance and pension solutions and services. Co.'s segments include: Switzerland, France, Germany, International, Asset Managers, and Other. Co.'s Switzerland, France, Germany and International segments primarily consist of life insurance operations and distribution units. The life insurance operations provides a range of life, pension, health, annuity and investment-type policies to both groups and individuals, including disability coverage. Co. focuses primarily on life and pensions in Switzerland, France and Germany and on cross-border business from Liechtenstein, Luxembourg and Singapore.
  • TickerSLHN
  • ISINCH0014852781
  • ExchangeSix Swiss Exchange
  • SectorLife Insurance
  • CountrySwitzerland

Analysts

Henry Heathfield

Morningstar | Swiss Life Continues to Impress With Fees

Swiss Life is a pure-play life insurer and doesn’t have the benefits of diversification that come to a multiline during periods of low economic growth and interest rates. Unlike France, Switzerland is predominantly a pension-driven life insurance market. This is largely driven by occupational pension schemes that have been growing over the last 10 years as Swiss insurers moved away from private pensions in the hope of achieving better economies of scale. However, variable costs have remained high.Swiss Life secured its place as the number-one provider in Switzerland in 2015 after AXA Leben red...

Henry Heathfield

Swiss Life Continues to Impress With Fees

Swiss Life reported a decent set of first-quarter 2019 results. The key takeaways from these earnings are that the business reported 10% higher fee income of CHF 430 million and premium income was up 45% to CHF 10 billion, as a competitor, we think AXA, exited the Swiss group, most likely specifically the SME group, life market. After we rolled our model and incorporated higher estimates for higher fee growth, with a 400 basis point rise in policyholder reserves, we are raising our fair value es...

1 director sold

A director at Swiss Life Holding Ag sold 1,623 shares at 443.487CHF and the significance rating of the trade was 98/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names o...

Henry Heathfield

Morningstar | Swiss Life's Decent 2018 Fee Result Drives Our FVE Upgrade. See Updated Analyst Note from 06 Mar 2019

Swiss Life reported 2018 results that included net income of CHF 1,080 million, a little bit above our full-year estimate. Gross premiums on insurance contracts rose 360 basis points, and gross premiums on investment contracts with discretionary participation features declined 640 basis points. Full-year numbers were CHF 12.54 billion and CHF 0.795 billion, respectively. We are raising our fair value estimate to CHF 445 per share from CHF 385, having rolled our valuation model and accounted for an improved outlook for fee generation. We maintain our no-moat rating. Policy fees continue to be ...

Henry Heathfield

Swiss Life's Decent 2018 Fee Result Drives Our FVE Upgrade

Swiss Life reported 2018 results that included net income of CHF 1,080 million, a little bit above our full-year estimate. Gross premiums on insurance contracts rose 360 basis points, and gross premiums on investment contracts with discretionary participation features declined 640 basis points. Full-year numbers were CHF 12.54 billion and CHF 0.795 billion, respectively. We are raising our fair value estimate to CHF 445 per share from CHF 385, having rolled our valuation model and accounted for ...

Jean-Christophe Dourret

Swiss Life : Swiss Life - 1 June 2018

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Jean-Christophe Dourret

Swiss Life : Swiss Life - 1 juin 2018

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Henry Heathfield

Morningstar | Swiss Life Continues to Impress With Fees

Swiss Life is a pure-play life insurer and doesn’t have the benefits of diversification that come to a multiline during periods of low economic growth and interest rates. Unlike France, Switzerland is predominantly a pension-driven life insurance market. This is largely driven by occupational pension schemes that have been growing over the last 10 years as Swiss insurers moved away from private pensions in the hope of achieving better economies of scale. However, variable costs have remained high.Swiss Life secured its place as the number-one provider in Switzerland in 2015 after AXA Leben red...

Henry Heathfield

Swiss Life Continues to Impress With Fees

Swiss Life reported a decent set of first-quarter 2019 results. The key takeaways from these earnings are that the business reported 10% higher fee income of CHF 430 million and premium income was up 45% to CHF 10 billion, as a competitor, we think AXA, exited the Swiss group, most likely specifically the SME group, life market. After we rolled our model and incorporated higher estimates for higher fee growth, with a 400 basis point rise in policyholder reserves, we are raising our fair value es...

Henry Heathfield

Morningstar | Swiss Life's Decent 2018 Fee Result Drives Our FVE Upgrade. See Updated Analyst Note from 06 Mar 2019

Swiss Life reported 2018 results that included net income of CHF 1,080 million, a little bit above our full-year estimate. Gross premiums on insurance contracts rose 360 basis points, and gross premiums on investment contracts with discretionary participation features declined 640 basis points. Full-year numbers were CHF 12.54 billion and CHF 0.795 billion, respectively. We are raising our fair value estimate to CHF 445 per share from CHF 385, having rolled our valuation model and accounted for an improved outlook for fee generation. We maintain our no-moat rating. Policy fees continue to be ...

Henry Heathfield

Swiss Life's Decent 2018 Fee Result Drives Our FVE Upgrade

Swiss Life reported 2018 results that included net income of CHF 1,080 million, a little bit above our full-year estimate. Gross premiums on insurance contracts rose 360 basis points, and gross premiums on investment contracts with discretionary participation features declined 640 basis points. Full-year numbers were CHF 12.54 billion and CHF 0.795 billion, respectively. We are raising our fair value estimate to CHF 445 per share from CHF 385, having rolled our valuation model and accounted for ...

Jean-Christophe Dourret

Swiss Life : Swiss Life - 21 Jan 2019

...

1 director sold

A director at Swiss Life Holding Ag sold 1,623 shares at 443.487CHF and the significance rating of the trade was 98/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names o...

Jérôme VINERIER

Short term view - SWISS LIFE HOLDING : The background trend is clearly bullish.

The background trend is clearly bullish. Prices are still making progress. The following targets are at CHF 413.25 and CHF 440.15. The trend would be invalidated below the support at CHF 335.50.

Matthieu DRIOL

Short term view - SWISS LIFE HOLDING : The background trend is clearly bullish.

The background trend is clearly bullish. Prices are still making progress but there is less power in the movement. The next resistance is at CHF 375.50. Breaking below the support at CHF 336.90 would invalidate the trend.

Matthieu DRIOL

Medium term view - SWISS LIFE HOLDING : Prices are still making progress.

The background trend is clearly bullish. Prices are still making progress. The following targets are at CHF 384.000 and CHF 408.000. The trend would be invalidated below the support at CHF 310.700.

Matthieu DRIOL

Short term view - SWISS LIFE HOLDING : Prices are still making progress.

The background trend is clearly bullish. Prices are still making progress. The following targets are at CHF 371.50 and CHF 384.00. The trend would be invalidated below the support at CHF 336.90.

Jérôme VINERIER

Analyse court terme - SWISS LIFE HOLDING : Les cours progressent toujours.

La tendance de fond est clairement orientée à la hausse. Les cours progressent toujours. Les objectifs suivants sont à 361,30 CHF et 371,50 CHF. La tendance serait invalidée sous le support à 336,90 CHF.

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