Swiss Life Holding AGFRA:SLW +1.00%77 Pretax Margin % is 8.41% as of Dec. 2025, which is 15% above its 10-year median of 7.30. GuruFocus rates FRA:SLW with a GF Score™ of 77/100 and a GF Value™ of €854.49 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 503 Insurance companies, Swiss Life Holding AG ranks worse than 61.03% on this metric.
The historical rank and industry rank for Swiss Life Holding AG's Pretax Margin % or its related term are showing as below:
FRA:SLW'
s Pretax Margin % Range Over the Past 10 Years
Min: 6.15 Med: 7.3 Max: 15.75
Current: 9.37
FRA:SLW's Pretax Margin % is ranked worse than 61.03% of 503
companies
in the Insurance industry
Industry Median: 12.04
vs FRA:SLW: 9.37
Swiss Life Holding AG (FRA:SLW) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Swiss Life Holding AG Pretax Margin % Related Terms
Swiss Life Holding AG Pretax Margin % Historical Data
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The historical data trend for Swiss Life Holding AG's Pretax Margin % 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.
FRA:SLW vs BRK.A, AIG, HIG: Pretax Margin % Comparison
For the Insurance - Diversified subindustry, Swiss Life Holding AG's Pretax Margin %, along with its competitors' market caps and Pretax Margin % 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 Pretax Margin % vs Insurance Industry
For the Insurance industry and Financial Services sector, Swiss Life Holding AG's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Swiss Life Holding AG's Pretax Margin % falls into.
* 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 AG (FRA:SLW) has a Pretax Margin % of 8.41% as of Dec. 2025. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Swiss Life Holding AG and its competitors. This is 15% above median its historical median of 7.30. Over the past decade, Swiss Life Holding AG's Pretax Margin % has ranged from 6.15 to 15.75. According to the industry distribution chart, Swiss Life Holding AG ranks #307 out of 503 companies in the Insurance industry, placing it in the top 61%.
Is Swiss Life Holding AG's Pretax Margin % too high?
Swiss Life Holding AG's current Pretax Margin % of 8.41% is 15% above median its 10-year median of 7.30. Over the past 10 years, this metric has ranged from a low of 6.15 to a high of 15.75. The Insurance industry median Pretax Margin % is 12.04. Swiss Life Holding AG's value of 8.41% is 30.1% below this industry median. Based on the distribution chart, Swiss Life Holding AG ranks #307 out of 503 companies in the Insurance industry, which is below the industry midpoint. Overall, Swiss Life Holding AG has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Swiss Life Holding AG's Pretax Margin % compare to BRK.A and AIG?
According to the Insurance industry distribution chart, Swiss Life Holding AG ranks #307 out of 503 companies for Pretax Margin %. This places Swiss Life Holding AG in the lower half of its industry. The industry median Pretax Margin % is 12.04. Swiss Life Holding AG's value of 8.41% is 30.1% below this benchmark. Historically, Swiss Life Holding AG's own Pretax Margin % has ranged from 6.15 to 15.75 over the past decade. While the company's 10-year median is 7.30 vs. the industry median of 12.04, Swiss Life Holding AG has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pretax Margin % for an Insurance company?
The median Pretax Margin % among Insurance companies is 12.04, based on 503 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Swiss Life Holding AG's current Pretax Margin % of 8.41% is 30.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Swiss Life Holding AG and its competitors. For the Insurance industry, the median Pretax Margin % is 12.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Swiss Life Holding AG's current Pretax Margin % is 8.41%, which is 15% above median its own 10-year median of 7.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Swiss Life Holding AG stock overvalued right now?
Based on GuruFocus' analysis, Swiss Life Holding AG (FRA:SLW) is currently considered Modestly Overvalued. The stock's GF Value™ is €854.49, compared to a current price of €953.40 — trading 11.6% above its estimated fair value. The current Pretax Margin % is 8.41%, which is 15% above median its 10-year median of 7.30 and 30.1% below the Insurance industry median of 12.04. Swiss Life Holding AG's overall GF Score™ is 77/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Swiss Life Holding AG (FRA:SLW), the current Pretax Margin % is 8.41% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Swiss Life Holding AG (FRA:SLW) Overvalued in 2026?
Based on GuruFocus' analysis, Swiss Life Holding AG stock appears to be overvalued.
The current stock price of €953.40 is trading 11.6% above its estimated GF Value™ of €854.49.
GuruFocus considers Swiss Life Holding AG to be Modestly Overvalued.
Key valuation signals for FRA:SLW:
Pretax Margin %: 8.41% (15% above median its 10-year median of 7.30)
GF Value™: €854.49 vs. price of €953.40 (11.6% above fair value)
Industry Position: 30.1% below the Insurance median (#307 of 503)
No single metric tells the full story. See the FRA:SLW stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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 countries. The company has an asset manager as well. Swiss Life has three main sources of income that vary in significance by geography. Savings income relates to spread-based earnings, the risk result relates to a margin on insurance products, and the fee result relates to fees from asset management, financial advice, and unit-linked sales. The fee result has been growing in importance over time.
77GF Score
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