Swiss Life Holding AG (SLHN) - Net Assets

Latest as of December 2025: CHF8.27 Billion CHF ≈ $10.45 Billion USD

Based on the latest financial reports, Swiss Life Holding AG (SLHN) has net assets worth CHF8.27 Billion CHF (≈ $10.45 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 (CHF226.07 Billion ≈ $285.82 Billion USD) and total liabilities (CHF217.80 Billion ≈ $275.36 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 SLHN intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric Value
Current Net Assets CHF8.27 Billion
% of Total Assets 3.66%
Annual Growth Rate N/A
5-Year Change -47.83%
10-Year Change -39.82%
Growth Volatility 15.98

Swiss Life Holding AG - Net Assets Trend (2004–2025)

This chart illustrates how Swiss Life Holding AG's net assets have evolved over time, based on quarterly financial data. See SLHN defensive asset coverage days to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Swiss Life Holding AG (2004–2025)

The table below shows the annual net assets of Swiss Life Holding AG from 2004 to 2025. For live valuation and market cap data, see Swiss Life Holding AG market cap and net worth.

Year Net Assets Change
2025-12-31 CHF8.27 Billion
≈ $10.45 Billion		 +7.82%
2024-12-31 CHF7.67 Billion
≈ $9.69 Billion		 -7.60%
2023-12-31 CHF8.30 Billion
≈ $10.49 Billion		 -13.63%
2022-12-31 CHF9.61 Billion
≈ $12.15 Billion		 -39.36%
2021-12-31 CHF15.85 Billion
≈ $20.03 Billion		 -5.89%
2020-12-31 CHF16.84 Billion
≈ $21.29 Billion		 +5.18%
2019-12-31 CHF16.01 Billion
≈ $20.24 Billion		 +6.49%
2018-12-31 CHF15.03 Billion
≈ $19.01 Billion		 -3.53%
2017-12-31 CHF15.58 Billion
≈ $19.70 Billion		 +13.42%
2016-12-31 CHF13.74 Billion
≈ $17.37 Billion		 +12.08%
2015-12-31 CHF12.26 Billion
≈ $15.50 Billion		 -4.47%
2014-12-31 CHF12.83 Billion
≈ $16.22 Billion		 +42.27%
2013-12-31 CHF9.02 Billion
≈ $11.40 Billion		 -12.32%
2012-12-31 CHF10.29 Billion
≈ $13.00 Billion		 +12.27%
2011-12-31 CHF9.16 Billion
≈ $11.58 Billion		 +23.19%
2010-12-31 CHF7.44 Billion
≈ $9.40 Billion		 +2.65%
2009-12-31 CHF7.25 Billion
≈ $9.16 Billion		 +8.91%
2008-12-31 CHF6.65 Billion
≈ $8.41 Billion		 -9.30%
2007-12-31 CHF7.33 Billion
≈ $9.27 Billion		 -6.59%
2006-12-31 CHF7.85 Billion
≈ $9.93 Billion		 +2.56%
2005-12-31 CHF7.66 Billion
≈ $9.68 Billion		 +222.36%
2004-12-31 CHF-6.26 Billion
≈ $-7.91 Billion		 --

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 grown by 479.4% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component Amount Percentage
Retained Earnings CHF9.49 Billion 134.40%
Common Stock CHF3.00 Million 0.04%
Other Comprehensive Income CHF-1.96 Billion -27.71%
Total Equity CHF7.06 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
Willis Towers Watson PLC
NASDAQ:WTW
 $23.86 Billion
Compagnie Generale des Etablissements Michelin SCA
PA:ML
 $23.87 Billion
GE HEALTHCARE TECH.INC.
F:L0T
 $23.88 Billion
Synchrony Financial
NYSE:SYF
 $23.89 Billion
InterContinental Hotels Group PLC
LSE:IHG
 $23.81 Billion
Tower Semiconductor Ltd
TA:TSEM
 $23.81 Billion
Corpay Inc
NYSE:CPAY
 $23.81 Billion
Coterra Energy Inc
NYSE:CTRA
 $23.80 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 7,062,000,000, a change of -458,000,000 (-6.1%).
  • Net income of 1,256,000,000 contributed positively to equity growth.
  • Dividend payments of 991,000,000 reduced retained earnings.
  • Share repurchases of 525,000,000 reduced equity.
  • Other comprehensive income decreased equity by 185,000,000.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income CHF1.26 Billion +17.79%
Dividends Paid CHF991.00 Million -14.03%
Share Repurchases CHF525.00 Million -7.43%
Other Comprehensive Income CHF-185.00 Million -2.62%
Other Changes CHF-13.00 Million -0.18%
Total Change CHF- -6.09%

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: 3.35x
  • The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
  • The price-to-book ratio has decreased from 4.23x to 3.35x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2004-12-31 CHF195.93 CHF829.60 x
2005-12-31 CHF209.63 CHF829.60 x
2006-12-31 CHF215.93 CHF829.60 x
2007-12-31 CHF212.98 CHF829.60 x
2008-12-31 CHF205.44 CHF829.60 x
2009-12-31 CHF227.34 CHF829.60 x
2010-12-31 CHF230.83 CHF829.60 x
2011-12-31 CHF286.17 CHF829.60 x
2012-12-31 CHF319.96 CHF829.60 x
2013-12-31 CHF277.16 CHF829.60 x
2014-12-31 CHF374.42 CHF829.60 x
2015-12-31 CHF357.91 CHF829.60 x
2016-12-31 CHF400.73 CHF829.60 x
2017-12-31 CHF453.47 CHF829.60 x
2018-12-31 CHF437.58 CHF829.60 x
2019-12-31 CHF484.45 CHF829.60 x
2020-12-31 CHF524.70 CHF829.60 x
2021-12-31 CHF503.73 CHF829.60 x
2022-12-31 CHF312.77 CHF829.60 x
2023-12-31 CHF256.28 CHF829.60 x
2024-12-31 CHF261.99 CHF829.60 x
2025-12-31 CHF247.50 CHF829.60 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): 17.79%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 5.17%
  • • Asset Turnover: 0.11x
  • • Equity Multiplier: 32.01x
  • Recent ROE (17.79%) is above the historical average (9.18%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2004 9.22% 2.57% 3.47x 1.03x CHF-48.70 Million
2005 11.88% 4.06% 0.12x 24.10x CHF138.30 Million
2006 12.59% 4.43% 0.12x 24.67x CHF196.10 Million
2007 18.80% 7.21% 0.11x 24.70x CHF640.30 Million
2008 5.22% 2.25% 0.11x 20.40x CHF-315.90 Million
2009 3.84% 1.55% 0.12x 19.97x CHF-443.80 Million
2010 7.56% 3.14% 0.12x 19.88x CHF-180.40 Million
2011 6.63% 3.50% 0.11x 16.64x CHF-307.70 Million
2012 0.90% 0.48% 0.12x 15.94x CHF-933.30 Million
2013 8.73% 4.12% 0.11x 19.06x CHF-113.50 Million
2014 6.38% 3.58% 0.12x 15.12x CHF-461.50 Million
2015 7.16% 4.28% 0.11x 15.54x CHF-345.70 Million
2016 6.75% 4.67% 0.10x 14.62x CHF-443.70 Million
2017 6.50% 5.34% 0.09x 13.73x CHF-542.50 Million
2018 7.20% 5.41% 0.09x 14.25x CHF-418.70 Million
2019 7.53% 4.73% 0.11x 14.34x CHF-393.00 Million
2020 6.25% 4.67% 0.09x 14.20x CHF-628.50 Million
2021 7.93% 5.79% 0.09x 15.30x CHF-325.70 Million
2022 12.46% 5.81% 0.09x 22.90x CHF233.10 Million
2023 14.44% 7.11% 0.07x 28.46x CHF333.10 Million
2024 16.14% 8.41% 0.07x 29.11x CHF462.00 Million
2025 17.79% 5.17% 0.11x 32.01x CHF549.80 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: $10,673,733,200
  • Average return on equity (ROE) among peers: 8.47%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Swiss Life Holding AG (SLHN) CHF8.27 Billion 9.22% 26.34x $23.84 Billion
Baloise Holding AG (BALN) $3.26 Billion 7.35% 22.89x $9.01 Billion
Helvetia Holding AG (HBAN) $3.78 Billion 11.62% 14.88x $20.98 Billion
Helvetia Holding AG (HELN) $4.44 Billion 10.84% 12.72x $19.58 Billion
Vaudoise Assurances Holding SA (VAHN) $7.87 Billion 1.53% 0.01x $885.10 Million
Zurich Insurance Group AG (ZURN) $34.02 Billion 11.02% 10.34x $80.72 Billion

About Swiss Life Holding AG

SW:SLHN Switzerland Insurance - Diversified
Market Cap
$29.31 Billion
CHF23.18 Billion CHF
Market Cap Rank
#1103 Global
#19 in Switzerland
Share Price
CHF829.60
Change (1 day)
-0.72%
52-Week Range
CHF798.40 - CHF944.00
All Time High
CHF944.00
Categories
Companies in Switzerland Insurance - Diversified
About

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