Home Compare ASRNL.AS vs SLHN.SW
Stock Comparison · Industry comparison · Insurance - Diversified

ASR Nederland N.V. vs Swiss Life Holding: Which Stock Looks Stronger in 2026?

ASR Nederland holds the cleaner structural position, with profitability as the main driver and valuation adding further support. Swiss Life 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 comparison is mainly decided in profitability, with the rest of the profile carrying less weight.

INDUSTRY COMPARISON

Both operate in: Insurance - Diversified

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

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

Peer-Relative Score
ASRNL.AS
ASR Nederland N.V.
60
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 clearest separation appears in profitability.

Dimension spread: ASRNL.AS vs SLHN.SW Profitability 93 64 Stability 61 50 Valuation 44 55 Growth 37 37 ASRNL.AS SLHN.SW
Gap Ranking
#1 Profitability +29
#2 Valuation +11
#3 Stability +11
#4 Growth
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

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

The setup splits cleanly: structure favours ASR Nederland N.V., while the price setup favours Swiss Life Holding AG.

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

Relative Position vs Comparable Companies
Profitability
Both profiles are strong on profitability, but ASR Nederland N.V. leads clearly.
Valuation
On valuation, the same pattern holds: both rank well, but Swiss Life Holding AG still sits higher.
Profitability — Dominant Gap
ASRNL.AS
93
SLHN.SW
64
Gap+29in favour of ASRNL.AS

The profitability lead is mainly driven by a 18.4-point operating margin advantage.

What keeps the gap from being one-sided

Absolute pricing still looks more supportive for Swiss Life, with a trailing P/E that is 7.9 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 ASRNL.AS vs SLHN.SW comparison across all dimensions with the full interactive tool.

Explore full breakdown →
Similar profitability-driven comparisons

Explore how ASRNL.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.

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.