The Swiss Financial Market Supervisory Authority published its 2025 insurance market report, finding that the sector maintained high solvency while substantially increasing profits and equity. Aggregate annual profit rose by CHF 14 billion, or 136%, to CHF 24.4 billion, while equity increased by 15% to CHF 90.7 billion. The Swiss Solvency Test ratio improved by 8 percentage points to 254%, and the tied-assets coverage ratio rose by 2 percentage points to 112%. Investment gains increased by 47.6% to CHF 24.8 billion, lifting the return on investments from 3.37% to 5.00%. Annual profit reached CHF 12.9 billion for non-life insurers, CHF 9.8 billion for reinsurers and CHF 1.7 billion for life insurers. Aggregate gross premiums declined by 0.6% to CHF 149 billion as growth of 3.7% in life insurance and 2.8% in non-life insurance was offset by a 6.1% fall in reinsurance premiums, largely reflecting the Swiss franc’s appreciation against major currencies.
2026-08-20Swiss Financial Market Supervisory Authority (FINMA)
Swiss Financial Market Supervisory Authority reports 136% rise in insurers’ 2025 profits and stronger capital position
The Swiss Financial Market Supervisory Authority reported that insurers’ aggregate 2025 profit rose 136% to CHF 24.4 billion, supported by higher investment gains. Equity increased 15% to CHF 90.7 billion and the Swiss Solvency Test ratio reached 254%. Gross premiums were broadly stable at CHF 149 billion.