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Stock Comparison · Industry comparison · Insurance - Diversified

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

Swiss Life holds the cleaner structural position, with profitability as the main driver and valuation adding further support. Allianz SE still has the edge on valuation, which keeps the comparison from looking entirely one-sided. The market setup is broadly comparable for both — no clear directional signal from price behavior. 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.

Updated 2026-04-05

The clearest separation starts in profitability, but growth adds another real layer to the result.

INDUSTRY COMPARISON

Both operate in: Insurance - Diversified

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

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

Peer-Relative Score
ALV.DE
Allianz SE
46
Peer-Score
Signal qualityMedium
vs
SLHN.SW
Swiss Life Holding AG
53
Peer-Score
Signal qualityMedium

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

The largest gaps do not all point in the same direction.

Dimension spread: ALV.DE vs SLHN.SW Profitability 36 64 Stability 42 50 Valuation 76 55 Growth 22 37 ALV.DE SLHN.SW
Gap Ranking
#1 Profitability +28
#2 Valuation +21
#3 Growth +15
#4 Stability +8
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for ALV.DE and SLHN.SW Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer ALV.DESLHN.SW Relative valuation Structural strength

Swiss Life Holding AG still looks cheaper, even though Allianz SE remains structurally stronger.

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

Relative Position vs Comparable Companies
Profitability
On profitability, Swiss Life Holding AG is positioned higher in the group, while Allianz SE is closer to the middle.
Valuation
Both rank well on valuation, but Allianz SE still sits higher.
Profitability — Dominant Gap
ALV.DE
36
SLHN.SW
64
Gap+28in favour of SLHN.SW

The clearest distance comes from a stronger profitability profile.

What keeps the gap from being one-sided

Absolute pricing still looks more supportive for Allianz SE, with a forward P/E that is 6.3 turns lower there.

What this means for the comparison

Profitability is the clearest driver of the lead, with valuation adding further support — though valuation still provides a real counterweight.

Explore full peer positioning in AssetNext

Break down the ALV.DE vs SLHN.SW comparison across all dimensions with the full interactive tool.

Explore full breakdown →
Other comparisons with conflicting dimension signals

Explore how ALV.DE 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.

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.