Swiss Life slips in pre-market trade after 'mixed' 9M results

Swiss Life Holding AG

12/11/2025 07:49

** Shares in Swiss Life SLHN.S are seen down around 2% in pre-market trade after Switzerland's biggest life insurer posted "mixed" nine-month results, with analysts also flagging the stock's high valuation

** While Q3 total fee income came ahead of expectations, gross written premiums and net new third party assets in the quarter were significantly weaker, J.P.Morgan says, describing the results as "mixed"

** "The commercial growth momentum of the company does not appear to justify Swiss Life’s relatively high P/E multiple," the broker says, expecting the stock to underperform on Wednesday

** "Given the elevated valuation multiples, market participants might expect better results," Vontobel says

** The stock is seen at the bottom of the Swiss blue-chip index .SSMI

(Reporting by Amir Orusov)

((Amir.orusov@thomsonreuters.com))