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Stock Comparison · Industry comparison · Insurance - Diversified

Aegon vs Swiss Life Holding: Which Stock Looks Stronger in 2026?

Swiss Life holds the cleaner structural position, with the lead spread across profitability and growth. Aegon still has the edge on valuation, which keeps the comparison from looking entirely one-sided. The market setup is mixed, without a decisive signal in either direction. The market is not adding a decisive signal either way — the structural read carries the weight.

The comparison is based on similar long-term financial trajectories, not sector labels. Both peer scores are relative to the STOXX 600 universe, making them directly comparable.

Updated 2026-05-17

The clearest separation starts in profitability, but growth adds another real layer to the result. The overall score gap is 17 points in favour of Swiss Life Holding AG.

INDUSTRY COMPARISON

Both operate in: Insurance - Diversified

This comparison is based on industry proximity, not on functional trajectory similarity. AGN.AS and SLHN.SW share the same industry classification.

For a similarity-based comparison, see how Aegon and Swiss Life each position within their functional peer groups in AssetNext.

Peer-Relative Score
AGN.AS
Aegon Ltd.
36
Peer-Score
Signal qualityLow
Peer basis: STOXX 600
vs
SLHN.SW
Swiss Life Holding AG
53
Peer-Score
Signal qualityLow
Peer basis: STOXX 600

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

More than one operating dimension supports the result here.

Dimension spread: AGN.AS vs SLHN.SW Profitability 0 46 Stability 66 66 Valuation 73 57 Growth 3 45 AGN.AS SLHN.SW
Gap Ranking
#1 Profitability +46
#2 Growth +42
#3 Valuation +16
#4 Stability
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for AGN.AS and SLHN.SW Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer AGN.ASSLHN.SW Relative valuation Structural strength

Swiss Life Holding AG is cheaper, but Aegon Ltd. is still stronger.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Entry today — historical context

Where AGN.AS and SLHN.SW each sit in their own 5-year price and valuation history.

BASED ON 5-YEAR HISTORY AGN.AS Elevated · below norm 0th 50th 100th 3 pct gap SLHN.SW Elevated · above norm 0th 50th 100th 99th 96th
AGN.AS (99th percentile) and SLHN.SW (96th percentile) both sit in the upper portion of their own 5-year ranges. The historical entry context is broadly similar for both. This reflects entry timing, not which company is structurally stronger.

Describes historical entry positioning only. Descriptive — not investment advice.

Relative Position vs Comparable Companies
Profitability
Profitability also leans toward Swiss Life Holding AG, reinforcing the broader structural lead.
Growth
Swiss Life Holding AG sits higher in the group on growth, adding to the overall structural advantage.
Profitability — Dominant Gap
AGN.AS
0
SLHN.SW
46
Gap+46in favour of SLHN.SW

The profitability lead is mainly driven by a 16.3-point operating margin advantage.

What keeps the gap from being one-sided

Absolute pricing still looks more supportive for Aegon, with a forward P/E that is 9 turns lower there.

What this means for the comparison

The lead is built on both profitability and growth — though valuation still provides a counterweight.

Explore full peer positioning in AssetNext

Break down the AGN.AS vs SLHN.SW comparison across all dimensions with the full interactive tool.

Explore full breakdown →
Similar profitability-and-growth comparisons

Explore how AGN.AS and SLHN.SW each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.