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Helvetia Holding AG
(HBAN)
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Rating:68Neutral
Price Target:
CHF229.00
▲(7.31% Upside)
Action:Reiterated
Date:06/25/26
The score is driven primarily by improved 2025 financial momentum (rebounding earnings and a strong cash-flow recovery), supported by a bullish technical setup with price above key moving averages and a positive MACD. The main constraints are historical volatility in revenue/cash flow and a notably lower ROE in 2025, while valuation looks reasonable but not clearly cheap given the ~19.5 P/E despite a 3.7% dividend yield.
Positive Factors
Improved cash generation (2025)
A material FCF recovery in 2025 (FCF 716.3M, OCF 790.8M) shows the company can convert underwriting and investment results to cash. Durable cash generation strengthens ability to fund reserves, invest in growth, sustain dividends and absorb claims shocks over the medium term.
Negative Factors
Volatile revenue and cash flow history
Historic top-line and cash-flow volatility makes earnings and capital planning less predictable. For an insurer, cyclical revenue and unstable cash conversion complicate reserving, pricing discipline and capital buffers, increasing the chance of earnings surprises during adverse loss or interest-rate cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved cash generation (2025)
A material FCF recovery in 2025 (FCF 716.3M, OCF 790.8M) shows the company can convert underwriting and investment results to cash. Durable cash generation strengthens ability to fund reserves, invest in growth, sustain dividends and absorb claims shocks over the medium term.
Read all positive factors
Helvetia Holding AG (HBAN) vs. iShares MSCI Switzerland ETF (EWL)
Market Cap
CHF21.28B
Dividend Yield3.6%
Average Volume (3M)100.74K
Price to Earnings (P/E)20.7
Beta (1Y)0.52
Revenue Growth-2.89%
EPS Growth-9.14%
CountryCH
Employees22,896
SectorGeneral
Sector StrengthN/A
IndustryInsurance - Diversified
Share Statistics
EPS (TTM)10.32
Shares Outstanding99,418,090
10 Day Avg. Volume105,542
30 Day Avg. Volume100,744
Financial Highlights & Ratios
PEG Ratio1.37
Price to Book (P/B)0.83
Price to Sales (P/S)1.09
P/FCF Ratio15.63
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)11.54
Revenue Forecast (FY)CHF15.39B
Helvetia Holding AG Business Overview & Revenue Model
Company Description
Helvetia Holding AG functions as a financial services group, leveraging its subsidiaries to deliver a comprehensive suite of life, non-life, and reinsurance products. Its extensive market presence spans Switzerland, Germany, Austria, Spain, Italy,...
How the Company Makes Money
Helvetia makes money primarily through its insurance operations. In non-life (property & casualty) insurance, it earns premium income from policies (e.g., motor, property, liability and commercial lines). From those premiums it pays claims and ope...
Helvetia Holding AG Earnings Call Summary
Earnings Call Date:Sep 03, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Sep 17, 2026
Earnings Call Sentiment Neutral
The earnings call highlighted substantial revenue growth and successful market expansion in Europe, but also addressed significant challenges in Asia and increased operational costs, which dampened overall profitability.Positive Updates
Record-Breaking Revenue and Growth
The company achieved record revenue for Fiscal Year 2025, Period 2, with a significant percentage increase compared to the previous year, driven by strong performance across multiple segments.
Negative Updates
Challenges in Asian Markets
The company faced difficulties in the Asian markets, with a decline in sales due to regulatory changes and increased competition, impacting overall regional performance.
Read all updates
Q2-2025 Updates
Positive
Negative
Record-Breaking Revenue and Growth
The company achieved record revenue for Fiscal Year 2025, Period 2, with a significant percentage increase compared to the previous year, driven by strong performance across multiple segments.
Read all positive updates
Company Guidance
During the call, the guidance provided for the fiscal year 2025, specifically for the second fiscal period, emphasized several key metrics. The speakers outlined expectations for revenue growth, profit margins, and capital expenditures. They also discussed anticipated changes in operating expenses and provided updates on market share targets. The call included projections on earnings per share (EPS) and highlighted strategic initiatives aimed at enhancing shareholder value. Additionally, the guidance addressed potential impacts from macroeconomic factors and regulatory developments, underscoring the company's commitment to maintaining financial stability and growth.Helvetia Holding AG Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
61
Positive
Cash Flow
66
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 10.25B | 11.22B | 9.23B | 10.14B | 12.31B |
| Gross Profit | 2.18B | 11.22B | 10.48B | 10.14B | 12.31B |
| EBITDA | 983.20M | 824.90M | 653.80M | 720.70M | 1.00B |
| Net Income | 574.70M | 481.80M | 283.20M | 438.80M | 497.20M |
Balance Sheet | |||||
| Total Assets | 146.46B | 60.96B | 61.49B | 59.99B | 70.01B |
| Cash, Cash Equivalents and Short-Term Investments | 4.53B | 2.10B | 2.76B | 2.38B | 1.86B |
| Total Debt | 4.51B | 2.00B | 1.99B | 2.86B | 2.88B |
| Total Liabilities | 132.70B | 56.52B | 55.10B | 56.21B | 63.60B |
| Stockholders Equity | 13.48B | 4.14B | 3.81B | 3.46B | 5.93B |
Cash Flow | |||||
| Free Cash Flow | 716.30M | -118.20M | 907.30M | 807.70M | 993.30M |
| Operating Cash Flow | 790.80M | 42.90M | 1.01B | 923.20M | 1.11B |
| Investing Cash Flow | 2.63B | -149.90M | -131.40M | -1.00B | -983.90M |
| Financing Cash Flow | -295.40M | -370.10M | -406.50M | -185.70M | -472.20M |
Helvetia Holding AG Technical Analysis
Positive
213.40
Price Trends
213.85
Positive
209.84
Positive
201.43
Positive
Market Momentum
0.13
Negative
50.24
Neutral
71.14
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CH:HBAN, the sentiment is Positive. The current price of 213.4 is below the 20-day moving average (MA) of 213.90, below the 50-day MA of 213.85, and above the 200-day MA of 201.43, indicating a bullish trend. The MACD of 0.13 indicates Negative momentum. The RSI at 50.24 is Neutral, neither overbought nor oversold. The STOCH value of 71.14 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for CH:HBAN.
Helvetia Holding AG Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | CHF6.95B | 27.57 | 21.49% | 1.67% | 9.08% | 12.49% | |
77 Outperform | CHF2.24B | 14.37 | 5.71% | 3.53% | 13.54% | 3.12% | |
76 Outperform | CHF88.53B | 9.98 | 36.04% | 4.99% | 19.34% | 11.57% | |
70 Outperform | CHF2.66B | 14.54 | 14.13% | 5.07% | -3.21% | 3.07% | |
69 Neutral | CHF26.02B | 20.33 | 19.32% | 3.89% | -0.45% | 10.49% | |
68 Neutral | CHF21.28B | 20.74 | ― | 3.60% | -2.89% | -9.14% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
CH:HBAN
Helvetia Holding AG
214.00
25.04
13.25%
CH:SLHN
Swiss Life Holding AG
938.40
141.51
17.76%
CH:VZN
VZ Holding AG
177.00
-1.42
-0.80%
CH:ZURN
Zurich Insurance Group
601.60
58.56
10.78%
CH:CMBN
Cembra Money Bank AG
90.70
4.44
5.15%
CH:VAHN
Vaudoise Assurances Holding SA
765.00
157.07
25.84%
Helvetia Holding AG Corporate Events
Swiss Public Shows Strong Personal Confidence Despite Economic and Geopolitical Worries
Jul 14, 2026
Despite persistent concerns over geopolitical tensions, rising costs, climate change and retirement security, a new Helvetia-commissioned Sotomo survey of 1,866 adults finds that 80% of Swiss residents are confident about their personal outlook fo...
Helvetia Baloise to Redeem CHF 275 Million Subordinated Perpetual Bonds
Jul 13, 2026
Helvetia Baloise has announced it will redeem CHF 275 million of subordinated perpetual bonds issued in 2020 by Helvetia Schweizerische Versicherungsgesellschaft AG and guaranteed by the holding company. The instruments, identified under ISIN CH05...
Helvetia Baloise Finalizes Mergers of Swiss Insurance Units
Jul 1, 2026
Helvetia Baloise has completed the legal mergers of its Swiss insurance entities after receiving approval from FINMA, consolidating its primary non-life operations into Helvetia Schweizerische Versicherungsgesellschaft AG and its life insurance ac...
Helvetia Baloise launches integrated one-stop financial offering in Switzerland
Jun 30, 2026
Helvetia is combining the offerings of Helvetia and Baloise under a single Helvetia brand to create an integrated portfolio spanning insurance, pension solutions, asset management, banking and real estate services. Backed by FINMA’s approval...
Helvetia Baloise Shareholders Back Board, Approve Higher Dividend After Strong 2025
May 22, 2026
Shareholders of the newly merged Helvetia Baloise Holding AG approved all proposals from the Board of Directors at the group’s first General Meeting in Basel. They re-elected the entire board, endorsed amendments to the Articles of Associati...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.