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Swiss Life Holding (LSE:SWF) EBIT : £1,630 Mil (TTM As of Jun. 2024)


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What is Swiss Life Holding EBIT?

Swiss Life Holding's earnings before interest and taxes (EBIT) for the six months ended in Jun. 2024 was £900 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jun. 2024 was £1,630 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Swiss Life Holding's annualized ROC % for the quarter that ended in Jun. 2024 was 0.74%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Swiss Life Holding's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2024 was 25.10%.


Swiss Life Holding EBIT Historical Data

The historical data trend for Swiss Life Holding'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.

* Premium members only.

Swiss Life Holding EBIT Chart

Swiss Life Holding Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,410.15 1,339.10 1,597.08 1,611.86 1,627.87

Swiss Life Holding Semi-Annual Data
Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 866.23 699.74 864.66 729.89 900.50

Competitive Comparison of Swiss Life Holding's EBIT

For the Insurance - Diversified subindustry, Swiss Life Holding'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's EV-to-EBIT Distribution in the Insurance Industry

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

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



Swiss Life Holding 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 Jun. 2024 adds up the semi-annually data reported by the company within the most recent 12 months, which was £1,630 Mil.

* 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.


Swiss Life Holding  (LSE:SWF) 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's annualized ROC % for the quarter that ended in Jun. 2024 is calculated as:

ROC % (Q: Jun. 2024 )
=NOPAT/Average Invested Capital
=EBIT * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Jun. 2024 ))/ count )
=1800.994 * ( 1 - 22.55% )/( (189331.10955 + 185693.46685)/ 2 )
=1394.869853/187512.2882
=0.74 %

where

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 )
=194983.291 - 544.45 - ( 5378.723 - 5% * 5419.831 )
=189331.10955

Invested Capital(Q: Jun. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Balance Sheet Cash And Cash Equivalents - 5% * Revenue )
=190262.477 - 322.737 - ( 4586.026 - 5% * 6795.057 )
=185693.46685

Note: The EBIT data used here is two times the semi-annual (Jun. 2024) 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's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Jun. 2024 )
=1630.388/6495.140
=25.10 %

* 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.


Swiss Life Holding EBIT Related Terms

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Swiss Life Holding Business Description

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

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