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Canadian (TSX) Insurance Industry Analysis

UpdatedMay 08, 2024
DataAggregated Company Financials
Companies12
  • 7D3.7%
  • 3M4.9%
  • 1Y19.9%
  • YTD9.9%

In the last week, the Insurance industry is up 3.7%, with all of the companies up. This takes the industry's 12 month performance to a gain of 20%. Looking forward, earnings are forecast to grow by 6.8% annually.

Industry Valuation and Performance

Has the Canadian Insurance Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 09 May 2024CA$264.3bCA$214.9bCA$22.9b12.2x11.6x1.2x
Sat, 06 Apr 2024CA$258.2bCA$218.1bCA$23.0b12.4x11.2x1.2x
Mon, 04 Mar 2024CA$260.4bCA$235.9bCA$22.3b13.7x11.7x1.1x
Wed, 31 Jan 2024CA$252.7bCA$229.6bCA$29.2b10.3x8.7x1.1x
Fri, 29 Dec 2023CA$241.5bCA$229.0bCA$29.2b10x8.3x1.1x
Sun, 26 Nov 2023CA$240.1bCA$230.4bCA$29.3b10x8.2x1x
Tue, 24 Oct 2023CA$214.5bCA$231.7bCA$27.2b9.3x7.9x0.9x
Thu, 21 Sep 2023CA$232.6bCA$230.8bCA$27.2b9.3x8.6x1x
Sat, 19 Aug 2023CA$226.5bCA$248.1bCA$27.2b9.4x8.3x0.9x
Mon, 17 Jul 2023CA$223.4bCA$239.3bCA$23.4b10.4x9.5x0.9x
Wed, 14 Jun 2023CA$224.6bCA$239.6bCA$23.4b10.6x9.6x0.9x
Fri, 12 May 2023CA$219.4bCA$228.1bCA$22.2b12.5x9.9x1x
Sun, 09 Apr 2023CA$212.8bCA$205.6bCA$20.3b12x10.5x1x
Tue, 07 Mar 2023CA$222.5bCA$210.4bCA$20.6b11.6x10.8x1.1x
Thu, 02 Feb 2023CA$217.3bCA$218.9bCA$19.4b11.4x11.2x1x
Sat, 31 Dec 2022CA$204.3bCA$219.6bCA$19.4b10.4x10.5x0.9x
Mon, 28 Nov 2022CA$203.9bCA$219.2bCA$19.4b10.6x10.5x0.9x
Wed, 26 Oct 2022CA$191.3bCA$237.8bCA$21.4b9.1x8.9x0.8x
Fri, 23 Sep 2022CA$192.2bCA$237.5bCA$21.4b9.3x9x0.8x
Sun, 21 Aug 2022CA$204.0bCA$236.1bCA$21.4b9.8x9.5x0.9x
Tue, 19 Jul 2022CA$191.6bCA$299.3bCA$26.1b7.8x7.3x0.6x
Thu, 16 Jun 2022CA$193.4bCA$299.1bCA$26.1b8x7.4x0.6x
Sat, 14 May 2022CA$197.3bCA$299.1bCA$26.1b7.6x7.6x0.7x
Mon, 11 Apr 2022CA$222.9bCA$304.1bCA$25.5b8.3x8.7x0.7x
Wed, 09 Mar 2022CA$211.3bCA$303.6bCA$25.9b9.1x8.2x0.7x
Fri, 04 Feb 2022CA$225.1bCA$292.9bCA$25.0b10.4x9x0.8x
Sun, 02 Jan 2022CA$214.6bCA$292.8bCA$25.0b9.8x8.6x0.7x
Tue, 30 Nov 2021CA$212.2bCA$293.2bCA$25.0b9.6x8.5x0.7x
Thu, 28 Oct 2021CA$208.8bCA$276.3bCA$24.1b10.6x8.7x0.8x
Sat, 25 Sep 2021CA$206.3bCA$277.3bCA$24.2b10.7x8.5x0.7x
Mon, 23 Aug 2021CA$212.6bCA$276.5bCA$24.1b10.9x8.8x0.8x
Sat, 10 Jul 2021CA$203.1bCA$276.5bCA$24.1b10.2x8.4x0.7x
Price to Earnings Ratio

9.8x


Total Market Cap: CA$200.4bTotal Earnings: CA$20.5bTotal Revenue: CA$283.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Insurance Industry Price to Earnings3Y Average 9.2x202220232024
Current Industry PE
  • Investors are optimistic on the Canadian Insurance industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 11.6x which is higher than its 3-year average PE of 9.2x.
  • The 3-year average PS ratio of 0.88x is lower than the industry's current PS ratio of 1.2x.
Past Earnings Growth
  • The earnings for companies in the Insurance industry have grown 3.7% per year over the last three years.
  • Meanwhile revenues for these companies have declined 8.8% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

Which industries have driven the changes within the Canadian Financials industry?

CA Market2.53%
Financials2.37%
Insurance3.73%
Life and Health Insurance4.19%
Property and Casualty Insurance2.75%
Insurance Brokers0%
General Insurance0%
Reinsurance0%
Industry PE
  • Investors are most optimistic about the Property and Casualty Insurance industry even though it's trading below its 3-year average PE ratio of 14.4x.
    • Analysts are expecting annual earnings growth of 6.4%, which is lower than the prior year's growth of 106.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Life and Health Insurance industry, expecting annual earnings growth of 7.0% over the next 5 years.
  • However this is lower than its past earnings growth rate of 10% per year.
  • In contrast, the Property and Casualty Insurance industry is expected to see its earnings grow by 6.4% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
MFC Manulife FinancialCA$33.603.6%
+CA$1.9b		28.0%PE12.6x
GWO Great-West LifecoCA$42.785.0%
+CA$1.9b		12.4%PE12.2x
POW Power Corporation of CanadaCA$39.477.1%
+CA$1.7b		10.0%PE11.1x
SLF Sun Life FinancialCA$72.832.8%
+CA$1.1b		12.5%PE13.7x
IFC Intact FinancialCA$232.461.6%
+CA$640.5m		14.7%PE27.1x
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Latest News

IFC

CA$232.46

Intact Financial

7D

1.6%

1Y

14.7%

FFH

CA$1,552.23

Fairfax Financial Holdings

7D

1.6%

1Y

67.7%

GWO

CA$42.78

Great-West Lifeco

7D

5.0%

1Y

12.4%

TSU

CA$45.37

Trisura Group

7D

7.4%

1Y

35.4%

MFC

CA$33.60

Manulife Financial

7D

3.6%

1Y

28.0%

Increases to Manulife Financial Corporation's (TSE:MFC) CEO Compensation Might Cool off for now

May 03
Increases to Manulife Financial Corporation's (TSE:MFC) CEO Compensation Might Cool off for now

POW

CA$39.47

Power Corporation of Canada

7D

7.1%

1Y

10.0%

Power Corporation of Canada's (TSE:POW) CEO Compensation Looks Acceptable To Us And Here's Why

May 03
Power Corporation of Canada's (TSE:POW) CEO Compensation Looks Acceptable To Us And Here's Why

IAG

CA$86.75

iA Financial

7D

2.7%

1Y

4.8%

With EPS Growth And More, iA Financial (TSE:IAG) Makes An Interesting Case

Apr 04
With EPS Growth And More, iA Financial (TSE:IAG) Makes An Interesting Case

SLF

CA$72.83

Sun Life Financial

7D

2.8%

1Y

12.5%