Swiss Life Holding AG (SLW1) - Net Assets
Based on the latest financial reports, Swiss Life Holding AG (SLW1) has net assets worth €7.48 Billion EUR (≈ $8.74 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€219.12 Billion ≈ $256.18 Billion USD) and total liabilities (€211.65 Billion ≈ $247.44 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Swiss Life Holding AG tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €7.48 Billion |
| % of Total Assets | 3.41% |
| Annual Growth Rate | -9.49% |
| 5-Year Change | -54.73% |
| 10-Year Change | N/A |
| Growth Volatility | 14.77 |
Swiss Life Holding AG - Net Assets Trend (2018–2025)
This chart illustrates how Swiss Life Holding AG's net assets have evolved over time, based on quarterly financial data. See SLW1 cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Swiss Life Holding AG (2018–2025)
The table below shows the annual net assets of Swiss Life Holding AG from 2018 to 2025. For live valuation and market cap data, see Swiss Life Holding AG market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €7.48 Billion ≈ $8.74 Billion |
-2.46% |
| 2024-12-31 | €7.67 Billion ≈ $8.96 Billion |
-7.60% |
| 2023-12-31 | €8.30 Billion ≈ $9.70 Billion |
-19.30% |
| 2022-12-31 | €10.28 Billion ≈ $12.02 Billion |
-37.75% |
| 2021-12-31 | €16.52 Billion ≈ $19.31 Billion |
-4.30% |
| 2020-12-31 | €17.26 Billion ≈ $20.18 Billion |
+5.04% |
| 2019-12-31 | €16.43 Billion ≈ $19.21 Billion |
+9.33% |
| 2018-12-31 | €15.03 Billion ≈ $17.58 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Swiss Life Holding AG's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 22.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €9.49 Billion | 129.80% |
| Total Equity | €7.31 Billion | 100.00% |
Swiss Life Holding AG Competitors by Market Cap
The table below lists competitors of Swiss Life Holding AG ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Fresenius SE & Co. KGaA
XETRA:FRE
|
$25.53 Billion |
|
Lundin Mining Corporation
TO:LUN
|
$25.53 Billion |
|
Tata Steel Limited
IL:TTST
|
$25.54 Billion |
|
KONE Oyj
HE:KNEBV
|
$25.58 Billion |
|
Workday Inc
NASDAQ:WDAY
|
$25.48 Billion |
|
Fomento Económico Mexicano S.A.B. de C.V
MX:FEMSAUBD
|
$25.48 Billion |
|
Dassault Systèmes SE
F:DSY
|
$25.47 Billion |
|
Credicorp Ltd
MX:BAPN
|
$25.41 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Swiss Life Holding AG's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 7,520,000,000 to 7,312,000,000, a change of -208,000,000 (-2.8%).
- Net income of 1,231,000,000 contributed positively to equity growth.
- Dividend payments of 991,000,000 reduced retained earnings.
- Share repurchases of 525,000,000 reduced equity.
- Other factors increased equity by 77,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €1.23 Billion | +16.84% |
| Dividends Paid | €991.00 Million | -13.55% |
| Share Repurchases | €525.00 Million | -7.18% |
| Other Changes | €77.00 Million | +1.05% |
| Total Change | €- | -2.77% |
Book Value vs Market Value Analysis
This analysis compares Swiss Life Holding AG's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.18x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | €442.16 | €46.60 | x |
| 2019-12-31 | €512.84 | €46.60 | x |
| 2020-12-31 | €540.02 | €46.60 | x |
| 2021-12-31 | €515.83 | €46.60 | x |
| 2022-12-31 | €343.80 | €46.60 | x |
| 2023-12-31 | €283.63 | €46.60 | x |
| 2024-12-31 | €263.59 | €46.60 | x |
| 2025-12-31 | €261.65 | €46.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Swiss Life Holding AG utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 16.84%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.92%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 29.97x
- Recent ROE (16.84%) is above the historical average (11.09%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 7.20% | 5.38% | 0.09x | 14.25x | €-418.70 Million |
| 2019 | 7.34% | 4.94% | 0.11x | 13.95x | €-435.60 Million |
| 2020 | 6.09% | 4.82% | 0.09x | 13.83x | €-671.00 Million |
| 2021 | 7.60% | 5.63% | 0.09x | 14.66x | €-393.10 Million |
| 2022 | 14.26% | 6.81% | 0.10x | 21.48x | €432.60 Million |
| 2023 | 13.25% | 6.06% | 0.08x | 26.11x | €265.60 Million |
| 2024 | 16.14% | 6.53% | 0.08x | 29.11x | €462.00 Million |
| 2025 | 16.84% | 6.92% | 0.08x | 29.97x | €499.80 Million |
Industry Comparison
This section compares Swiss Life Holding AG's net assets metrics with peer companies in the Insurance - Diversified industry.
Industry Context
- Industry: Insurance - Diversified
- Average net assets among peers: $26,715,561,673
- Average return on equity (ROE) among peers: 9.15%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Swiss Life Holding AG (SLW1) | €7.48 Billion | 7.20% | 28.30x | $25.49 Billion |
| NN GROUP NV UNSP.ADR/1 (2NN0) | $21.12 Billion | 5.55% | 8.89x | $19.09 Billion |
| WATERDROP INC.ADS/10 CL.A (717) | $4.77 Billion | 12.75% | 0.24x | $371.99 Million |
| Allianz SE VNA O.N. (ALV) | $46.56 Billion | 10.85% | 12.42x | $140.11 Billion |
| ALLIANZ SE UNSP.ADR 1/10 (ALVE) | $61.56 Billion | 13.87% | 14.97x | $141.45 Billion |
| ASS.GENERALI ADR 1/2/EO 1 (ASG0) | $28.97 Billion | 7.71% | 16.37x | $54.86 Billion |
| AXA SA (AXAA) | $75.88 Billion | 7.68% | 10.77x | $78.11 Billion |
| MAPFRE S.A.ADR 2 / EO-10 (CMA) | $10.51 Billion | 10.77% | 4.57x | $12.03 Billion |
| AVIVA PLC SPONS.ADR/2 (GU80) | $16.69 Billion | 11.78% | 20.09x | $22.30 Billion |
| NÜRNBERGER Beteiligungs-AG (NBG6) | $862.40 Million | 7.82% | 37.12x | $1.38 Billion |
| RheinLand Holding AG (RLV) | $228.79 Million | 2.69% | 7.78x | $115.20 Million |
About Swiss Life Holding AG
Swiss Life Holding AG provides life, pensions, and financial solutions for private and corporate clients. It operates through Switzerland, France, Germany, International, Asset Managers, and Other segments. The company offers a various life, pension, health, annuity, and investment-type policies to groups and individuals, as well as disability coverage. It also provides property and casualty, lia… Read more