Swiss Life Holding AG
SLHN: XSWX (CHE)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
CHF 486.00 | Hgt | Mgkhqyb |
Resilient Real Estate Continues To Drive Swiss Life’s Fee and Commission Income
Business Strategy and Outlook
Swiss Life is a pure-play life insurer and doesn’t have the benefits of diversification that come to a multiline. Unlike France, Switzerland is predominantly a pension-driven life insurance market. This is largely from occupational pension schemes that have been growing over the past 10 years as Swiss insurers moved away from private pensions in the hope of achieving better economies of scale. Variable costs have remained high, though.