Why did insurance profits grow so much in 2025?

The FINMA 2025 report attributes the 136% growth (from 14 to 24.4 billion francs) mainly to investment returns, which rose to 5.00% compared to 3.37% the previous year. Gains on investments reached CHF 24.8 billion (+47.6%). Growth is not uniform: life insurers grew by 10.2%, while non-life and reinsurers performed better.

How does it impact my health insurance?

Greater financial strength of insurance facilitates the containment of premiums in the medium term. In 2025, total gross premiums fell by 0.6% (149 billion total francs), although they vary by branch: life +3.7%, non-life +2.8%, reinsurers -6.1%. It's a good idea to compare sickness fund offers in your cantonal region on an annual basis to make sure you're not overpaying.

What does it mean that the franc is appreciated?

When the franc appreciates (becomes stronger) against the dollar, euro and pound sterling, Swiss reinsurers who earn in foreign currencies see their revenues decrease at the time of conversion into francs. In 2025, reinsurers suffered a fall in gross premiums of 6.1% mainly for this reason. For Swiss residents, a strong franc has pros and cons: it reduces the cost of imports but makes exports more difficult.

Can I change sick pay if I am not satisfied?

Yes, every year you can change sick pay with cancellation by 30 November for an effective date of 31 December. It's a good idea to use a premium comparator to check out options in your canton, as rates vary significantly. Remember that adult deductibles range from CHF 300 to CHF 2500 and cantonal allowances vary by income.

What does the FINMA Solvency Report certify?

The FINMA 2025 report certifies that insurance companies have significantly increased their equity and maintain a high level of solvency. This means that the Swiss insurance system is robust and able to cover liabilities towards policyholders, even in the event of significant claims.

Swiss insurance: profits +136% in 2025 (cross-border guide)

Di Redazione Frontaliere Ticino · Published on 20 August 2026

Swiss financial district cityscape with modern skyscrapers at sunset

Swiss insurance companies recorded CHF 24.4 billion in profits in 2025 (+136%). FINMA certifies enhanced financial strength and high solvency of the sector.

Context

In brief

Profits of insurance companies +136% in 2025, reaching 24.4 billion CHF
Investments generate a 5.00% return (vs 3.37% the previous year)
Strengthened financial solidity, equity capital increased significantly
Gross premiums: 149 billion CHF (-0.6%), varying by insurance branch

Key facts

What: Annual results of Swiss insurance companies for 2025
When: Year 2025 (FINMA report published in August 2026)
Where: Switzerland
Who: Swiss insurance companies, FINMA
Total profits: 24.4 billion CHF
Growth: +136% compared to 2024 (14 billion CHF)
Investment return: 5.00% (was 3.37% in 2024)
Gross premium volume: 149 billion CHF

Zurich — The Swiss insurance sector closed 2025 in a state of robust financial soundness. This assessment was released today by the Swiss Financial Market Supervisory Authority (FINMA) through its annual report dedicated to the sector. Swiss insurance companies recorded an aggregate annual result of 24.4 billion francs in 2025, representing a dramatic 136% increase compared to the 14 billion francs registered in 2024.

Growth is not uniform across the various insurance branches. Non-life insurers achieved profits of 12.9 billion francs, while reinsurers reached 9.8 billion francs. Life insurers, although growing, posted a more modest increase: their aggregate annual result rose by 10.2% to reach 1.7 billion francs.

Investments as a growth driver

FINMA highlights how investments represented one of the decisive factors in the positive results. 📊 Investment earnings in the sector increased by 47.6%, settling at 24.8 billion francs. The average return on insurance investments rose to 5.00%, a significant performance when compared to 3.37% the previous year.

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Operational details

What these results mean for the Swiss economy

The 2025 results indicate a robust economic dynamic in the insurance sector, a key sector for national financial stability. The robustness of insurance companies directly reverberates on the system's ability to provide protection and coverage to Swiss residents and businesses.

When equity and solvency increase, insurance companies have a greater ability to take risks and keep premiums low for their clients. In practice, this affects the availability and cost of polizze di assicurazione malattia (LAMal/KVG)s, a sector where every Swiss resident is required to take out compulsory cover within three months of taking up residence in Switzerland.

Investment performance — with a 5% return in 2025 — also reflects the benefits of a relatively stable monetary and fiscal policy. When insurers generate high returns, some of these gains can translate into lower premium increases for households and businesses. It is not a direct and immediate reduction, but in the medium term a basis of financial solidity allows sickness funds and insurance companies to contain tariff increases.

Sectoral impact and employment

The Swiss insurance industry employs thousands of professionals across agency, back-office, claims management and investment. The growth of results —

Useful tools to protect your net income

To reduce FX leakage, compare CHF-EUR exchange options and banks for cross-border workers.

Key points

How to monitor your insurance coverage

The positive data from the Swiss insurance sector is reassuring, but it does not exempt residents from the obligation to periodically review their coverage. 💡 If you are a resident in Switzerland, within three months of your registry office registration, you must take out mandatory health insurance (LAMal/KVG) with a recognized health insurance fund. Each canton manages the system according to its own subsidy rules, but the regulatory basis is federal.

Changing health insurance funds: how and when

Every year you have the right to change health insurance funds, usually by giving notice by November 30 for effectiveness on December 31. Although the sector is solid — as certified by FINMA 2025 data — this does not mean that all insurers offer the same conditions. Premiums vary significantly by canton and age group, and health insurance funds often offer different deductibles (300, 500, 1000, 1500, 2000, or 2500 francs for adults).

Using an online premium comparison calculator allows you to compare the options available in your canton free of charge and in a few minutes. Even though life insurers recorded a 3.7% increase in premiums in 2025, it is advisable to check directly with your personal situation whether it is worthwhile to stay with your current fund or switch to a more affordable one.

Verifying fee transparency

In the context of increased financial stability, it is reasonable to expect insurance companies to operate with more sustainable margins. When reading your health insurance fund documentation, check:

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Frequently Asked Questions

Why did insurance profits grow so much in 2025?: The FINMA 2025 report attributes the 136% growth (from 14 to 24.4 billion francs) mainly to investment returns, which rose to 5.00% compared to 3.37% the previous year. Gains on investments reached CHF 24.8 billion (+47.6%). Growth is not uniform: life insurers grew by 10.2%, while non-life and reinsurers performed better.
How does it impact my health insurance?: Greater financial strength of insurance facilitates the containment of premiums in the medium term. In 2025, total gross premiums fell by 0.6% (149 billion total francs), although they vary by branch: life +3.7%, non-life +2.8%, reinsurers -6.1%. It's a good idea to compare sickness fund offers in your cantonal region on an annual basis to make sure you're not overpaying.
What does it mean that the franc is appreciated?: When the franc appreciates (becomes stronger) against the dollar, euro and pound sterling, Swiss reinsurers who earn in foreign currencies see their revenues decrease at the time of conversion into francs. In 2025, reinsurers suffered a fall in gross premiums of 6.1% mainly for this reason. For Swiss residents, a strong franc has pros and cons: it reduces the cost of imports but makes exports more difficult.
Can I change sick pay if I am not satisfied?: Yes, every year you can change sick pay with cancellation by 30 November for an effective date of 31 December. It's a good idea to use a premium comparator to check out options in your canton, as rates vary significantly. Remember that adult deductibles range from CHF 300 to CHF 2500 and cantonal allowances vary by income.
What does the FINMA Solvency Report certify?: The FINMA 2025 report certifies that insurance companies have significantly increased their equity and maintain a high level of solvency. This means that the Swiss insurance system is robust and able to cover liabilities towards policyholders, even in the event of significant claims.