Swiss Life Holding AG (Swiss Life Holding AG) EBIT : $2,016 Mil (TTM As of Dec. 2023)

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What is Swiss Life Holding AG EBIT?

Swiss Life Holding AG's earnings before interest and taxes (EBIT) for the six months ended in Dec. 2023 was $924 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $2,016 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Swiss Life Holding AG's annualized ROC % for the quarter that ended in Dec. 2023 was 0.63%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Swiss Life Holding AG's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 8.74%.

Swiss Life Holding AG EBIT Historical Data

The historical data trend for Swiss Life Holding AG's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Swiss Life Holding AG EBIT Chart

Swiss Life Holding AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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1,848.16

1,799.87

2,123.78

1,963.29

2,060.59

Swiss Life Holding AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EBIT	Get a 7-Day Free Trial															1,067.32	1,066.79	852.30	1,091.74	923.91

Competitive Comparison of Swiss Life Holding AG's EBIT

For the Insurance - Diversified subindustry, Swiss Life Holding AG's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Swiss Life Holding AG's EV-to-EBIT Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Swiss Life Holding AG's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Swiss Life Holding AG's EV-to-EBIT falls into.

Swiss Life Holding AG EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $2,016 Mil.

Swiss Life Holding AG (OTCPK:SZLMY) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Swiss Life Holding AG's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	EBIT * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Jun. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	1847.826 * ( 1 - 18.99% )	/	( (233705.96355	+	239905.69975)	/ 2 )
=	1496.9238426	/	236805.83165
=	0.63 %

where

	Invested Capital		(Q: Jun. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Balance Sheet Cash And Cash Equivalents	-	5% * Revenue )
=	239080.409	-	407.597	-	( 5393.159	-	5% * 8526.211 )
=	233705.96355

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Balance Sheet Cash And Cash Equivalents	-	5% * Revenue )
=	246814.292	-	689.177	-	( 6808.511	-	5% * 11781.915 )
=	239905.69975

Note: The EBIT data used here is two times the semi-annual (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

ROC (Joel Greenblatt) % does not apply to banks and insurance companies.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Swiss Life Holding AG's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	2015.65	/	23053.747
	=	8.74 %

Swiss Life Holding AG EBIT Related Terms

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Swiss Life Holding AG (Swiss Life Holding AG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Swiss Life Holding AG (OTCPK:SZLMY) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

SWSDF:USA SLHNz:UK 0QMG:UK SLW1:Germany SLHNE:Switzerland SLHN:Switzerland

Address

General-Guisan-Quai 40, P.O. Box 2831, Zurich, CHE, CH-8022

Website

https://www.swisslife.com

Swiss Life is predominantly a life and long-term savings company that generates the main share of its revenue and earnings from its domestic market of Switzerland. The company also operates in France, Germany, and a few smaller, but wealthy European markets. The company also has an asset manager. Swiss Life has three main sources of income that vary in importance by geography. Savings income relates to spread-based earnings, the risk result relates to an insurance margin, and the fee result relates to asset management and its financial advisor network. The fee result has been growing in importance over recent years as a result of advice, unit-linked sales, and third-party asset management.