Swiss Life Holding AGFRA:SLW 77 ROE % is 18.32% as of Dec. 2025, which is 115% above its 10-year median of 8.54. 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 502 Insurance companies, Swiss Life Holding AG ranks better than 69.52% on this metric.
The historical rank and industry rank for Swiss Life Holding AG's ROE % or its related term are showing as below:
FRA:SLW'
s ROE % Range Over the Past 10 Years
Min: 6.24 Med: 8.54 Max: 17.05
Current: 17.05
During the past 13 years, Swiss Life Holding AG's highest ROE % was 17.05%. The lowest was 6.24%. And the median was 8.54%.
FRA:SLW's ROE % is ranked better than 69.52% of 502
companies
in the Insurance industry
Industry Median: 11.73
vs FRA:SLW: 17.05
Swiss Life Holding AG (FRA:SLW) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is two times the semi-annual (Dec. 2025) net income data. The Revenue data used here is two times the semi-annual (Dec. 2025) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
* 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.
For the Insurance - Diversified subindustry, Swiss Life Holding AG's ROE %, along with its competitors' market caps and ROE % 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 ROE % vs Insurance Industry
For the Insurance industry and Financial Services sector, Swiss Life Holding AG's ROE % distribution charts can be found below:
* The bar in red indicates where Swiss Life Holding AG's ROE % 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.
In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is two times the semi-annual (Dec. 2025) net income data.
ROE % is displayed in the 30-year financial page.
Swiss Life Holding AG (FRA:SLW) has a ROE % of 18.32% as of Dec. 2025. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Swiss Life Holding AG and its competitors. This is 115% above median its historical median of 8.54. Over the past decade, Swiss Life Holding AG's ROE % has ranged from 6.24 to 17.05. According to the industry distribution chart, Swiss Life Holding AG ranks #153 out of 502 companies in the Insurance industry, placing it in the top 30.5%.
Is Swiss Life Holding AG's ROE % too high?
Swiss Life Holding AG's current ROE % of 18.32% is 115% above median its 10-year median of 8.54. Over the past 10 years, this metric has ranged from a low of 6.24 to a high of 17.05. The Insurance industry median ROE % is 11.73. Swiss Life Holding AG's value of 18.32% is 56.2% above this industry median. Based on the distribution chart, Swiss Life Holding AG ranks #153 out of 502 companies in the Insurance industry, which is above 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 ROE % compare to BRK.A and AIG?
According to the Insurance industry distribution chart, Swiss Life Holding AG ranks #153 out of 502 companies for ROE %. This puts Swiss Life Holding AG in the upper half of its industry. The industry median ROE % is 11.73. Swiss Life Holding AG's value of 18.32% is 56.2% above this benchmark. Historically, Swiss Life Holding AG's own ROE % has ranged from 6.24 to 17.05 over the past decade. While the company's 10-year median is 8.54 vs. the industry median of 11.73, Swiss Life Holding AG has consistently been above 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 ROE % for an Insurance company?
The median ROE % among Insurance companies is 11.73, based on 502 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Swiss Life Holding AG's current ROE % of 18.32% is 56.2% above 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Swiss Life Holding AG and its competitors. For the Insurance industry, the median ROE % is 11.73 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Swiss Life Holding AG's current ROE % is 18.32%, which is 115% above median its own 10-year median of 8.54. 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 ROE % is 18.32%, which is 115% above median its 10-year median of 8.54 and 56.2% above the Insurance industry median of 11.73. 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 ROE % calculated?
ROE % is calculated from a company's financial statements. For Swiss Life Holding AG (FRA:SLW), the current ROE % is 18.32% 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:
ROE %: 18.32% (115% above median its 10-year median of 8.54)
GF Value™: €854.49 vs. price of €953.40 (11.6% above fair value)
Industry Position: 56.2% above the Insurance median (#153 of 502)
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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