Header cover image

Canadian (TSX) Life and Health Insurance Industry Analysis

UpdatedMay 08, 2024
DataAggregated Company Financials
Companies7
  • 7D4.2%
  • 3M2.2%
  • 1Y14.2%
  • YTDn/a

Over the last 7 days, the Life and Health Insurance industry has risen 4.2%, driven by gains from every company within the industry. In the last 12 months, the industry was up 14%. Earnings are forecast to grow by 7.0% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 08 May 2024CA$180.2bCA$135.6bCA$15.9b10.9x11.3x1.3x
Fri, 05 Apr 2024CA$179.4bCA$139.5bCA$15.5b10.9x11.6x1.3x
Sun, 03 Mar 2024CA$178.5bCA$157.3bCA$14.7b12.2x12.1x1.1x
Tue, 30 Jan 2024CA$174.3bCA$164.0bCA$23.6b7.5x7.4x1.1x
Thu, 28 Dec 2023CA$171.1bCA$163.9bCA$23.6b7.4x7.3x1x
Sat, 25 Nov 2023CA$166.8bCA$164.1bCA$23.6b7.5x7.1x1x
Mon, 23 Oct 2023CA$148.9bCA$164.7bCA$21.9b7x6.8x0.9x
Wed, 20 Sep 2023CA$164.0bCA$184.4bCA$21.9b7.8x7.5x0.9x
Fri, 18 Aug 2023CA$159.0bCA$181.6bCA$21.9b7.6x7.2x0.9x
Sun, 16 Jul 2023CA$159.2bCA$176.4bCA$18.4b9.2x8.6x0.9x
Tue, 13 Jun 2023CA$158.6bCA$176.5bCA$18.4b8.9x8.6x0.9x
Thu, 11 May 2023CA$155.0bCA$163.1bCA$15.5b11.4x10x1x
Sat, 08 Apr 2023CA$150.5bCA$144.1bCA$16.2b10.8x9.3x1x
Mon, 06 Mar 2023CA$158.5bCA$148.5bCA$16.4b10.9x9.7x1.1x
Wed, 01 Feb 2023CA$154.6bCA$160.4bCA$16.4b11x9.4x1x
Fri, 30 Dec 2022CA$142.5bCA$160.5bCA$16.4b10.1x8.7x0.9x
Sun, 27 Nov 2022CA$143.4bCA$160.5bCA$16.4b10x8.7x0.9x
Tue, 25 Oct 2022CA$132.8bCA$179.0bCA$17.8b8.8x7.5x0.7x
Thu, 22 Sep 2022CA$136.6bCA$178.9bCA$17.8b9.1x7.7x0.8x
Sat, 20 Aug 2022CA$145.8bCA$178.8bCA$17.8b9.7x8.2x0.8x
Mon, 18 Jul 2022CA$136.1bCA$242.0bCA$20.4b7.8x6.7x0.6x
Wed, 15 Jun 2022CA$140.0bCA$241.9bCA$20.4b8x6.9x0.6x
Fri, 13 May 2022CA$149.5bCA$248.1bCA$19.1b8.1x7.8x0.6x
Sun, 10 Apr 2022CA$165.7bCA$249.9bCA$19.0b9x8.7x0.7x
Tue, 08 Mar 2022CA$160.1bCA$248.5bCA$19.2b8.8x8.3x0.6x
Thu, 03 Feb 2022CA$173.2bCA$241.4bCA$18.7b9.7x9.3x0.7x
Sat, 01 Jan 2022CA$163.7bCA$241.3bCA$18.7b9.7x8.7x0.7x
Mon, 29 Nov 2021CA$162.2bCA$241.4bCA$18.7b9.6x8.7x0.7x
Wed, 27 Oct 2021CA$165.9bCA$232.6bCA$18.6b10.6x8.9x0.7x
Fri, 24 Sep 2021CA$160.0bCA$232.7bCA$18.6b10.6x8.6x0.7x
Sun, 22 Aug 2021CA$164.8bCA$232.6bCA$18.6b10.7x8.9x0.7x
Fri, 09 Jul 2021CA$157.1bCA$232.6bCA$18.6b9.9x8.4x0.7x
Price to Earnings Ratio

9.9x


Total Market Cap: CA$160.1bTotal Earnings: CA$16.2bTotal Revenue: CA$242.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Life and Health Insurance Industry Price to Earnings3Y Average 8.5x202220232024
Current Industry PE
  • Investors are optimistic on the Canadian Life and Health Insurance industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 11.3x which is higher than its 3-year average PE of 8.5x.
  • The 3-year average PS ratio of 0.84x is lower than the industry's current PS ratio of 1.3x.
Past Earnings Growth
  • The earnings for companies in the Life and Health Insurance industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have declined 18% per year.
  • This means that the cost of doing business could be reducing since sales have declined but profits have remained steady.

Industry Comparison

How does Canadian Life and Health Insurance compare with similar industries?

CA Market2.53%
Financials2.37%
Insurance3.73%
Life and Health Insurance4.19%
Property and Casualty Insurance2.75%
Insurance Brokers0%
General Insurance0%
Reinsurance0%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
GWO Great-West LifecoCA$42.895.4%
+CA$2.0b		10.4%PE12.2x
MFC Manulife FinancialCA$33.273.6%
+CA$1.9b		24.8%PE12.4x
POW Power Corporation of CanadaCA$38.986.3%
+CA$1.5b		8.0%PE10.9x
SLF Sun Life FinancialCA$72.523.2%
+CA$1.2b		11.2%PE13.7x
IAG iA FinancialCA$86.473.6%
+CA$262.8m		-3.1%PE10.9x
Simply Wall St™
Simply Wall Street Pty Ltd
Level 7, 320 Pitt Street, Sydney
Download on the App StoreGet it on Google Play
Popular Markets
USAUUKINCAZA
About UsCareersPlansLogin
Help CenterLatest CoveragePodcastsAffiliate ProgramBusiness & Enterprise
Financial Services GuideTerms and ConditionsPrivacy Policy
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Latest News

GWO

CA$42.89

Great-West Lifeco

7D

5.4%

1Y

10.4%

ELF

CA$1,108.00

E-L Financial

7D

0.7%

1Y

20.1%

MFC

CA$33.27

Manulife Financial

7D

3.6%

1Y

24.8%

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$38.98

Power Corporation of Canada

7D

6.3%

1Y

8.0%

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

SFC

CA$6.82

Sagicor Financial

7D

3.3%

1Y

40.9%

IAG

CA$86.47

iA Financial

7D

3.6%

1Y

-3.1%

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$72.52

Sun Life Financial

7D

3.2%

1Y

11.2%