The Swiss insurance sector strengthened its financial resilience in 2025, with aggregate annual profits rising 136% to CHF 24.4 billion from CHF 10.4 billion a year earlier, according to the Swiss Financial Market Supervisory Authority FINMA.
Investment performance was the primary driver of the increase, with profits from investments climbing 47.6% to CHF 24.8 billion. The sector’s overall return on investments rose from 3.37% in 2024 to 5.00% in 2025. Non-life insurers reported profits of CHF 12.9 billion, while reinsurers recorded CHF 9.8 billion. Life insurers, though contributing the smallest share, still posted a 10.2% increase in aggregate profits to CHF 1.7 billion.
Gross premium volume remained broadly stable, edging down 0.6% to CHF 149 billion. The decline masked divergent trends across segments: life insurers grew gross premiums by 3.7%, and non-life insurers by 2.8%, while reinsurers saw a 6.1% drop. The reinsurance decline was attributed to the appreciation of the Swiss franc against the US dollar, euro and British pound.
FINMA’s annual market report, published Tuesday, provides granular data on premiums, market shares of leading insurers, equity capital and annual results. For life insurance, the report includes actuarial reserves and operating statements for occupational pension schemes, alongside an expanded section on untied insurance intermediation. Detailed company-level and aggregated figures are also available via FINMA’s electronic reporting portal.
