Indonesian (IDX) Insurance Industry Analysis
UpdatedMay 29, 2024
DataAggregated Company Financials
Companies21
- 7D0.5%
- 3M-6.0%
- 1Y-0.4%
- YTD-2.3%
Over the last 7 days, the Insurance industry has dropped 3.3%, driven by Sinar Mas Multiartha declining 6.0%. In contrast, Panin Financial has gained 5.6%. Overall the industry is down 3.4% in 12 months.
Industry Valuation and Performance
Has the Indonesian Insurance Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 29 May 2024 | Rp161.8t | Rp89.2t | Rp4.3t | 24x | 37.6x | 1.8x |
| Fri, 26 Apr 2024 | Rp162.7t | Rp90.7t | Rp5.2t | 27.1x | 31.6x | 1.8x |
| Sun, 24 Mar 2024 | Rp163.4t | Rp58.2t | Rp6.0t | 18.3x | 27.4x | 2.8x |
| Tue, 20 Feb 2024 | Rp172.7t | Rp58.2t | Rp6.0t | 19.6x | 29x | 3x |
| Thu, 18 Jan 2024 | Rp171.5t | Rp58.4t | Rp6.0t | 21.9x | 28.6x | 2.9x |
| Sat, 16 Dec 2023 | Rp168.7t | Rp60.0t | Rp5.8t | 19.8x | 28.8x | 2.8x |
| Mon, 13 Nov 2023 | Rp167.7t | Rp59.8t | Rp6.0t | 34.3x | 27.9x | 2.8x |
| Wed, 11 Oct 2023 | Rp163.5t | Rp60.8t | Rp6.1t | 46.6x | 26.6x | 2.7x |
| Fri, 08 Sep 2023 | Rp160.1t | Rp60.8t | Rp6.1t | 42.6x | 26.1x | 2.6x |
| Sun, 06 Aug 2023 | Rp164.3t | Rp61.5t | Rp6.0t | 43.9x | 27.2x | 2.7x |
| Tue, 04 Jul 2023 | Rp163.9t | Rp64.3t | Rp6.0t | 38.6x | 27.5x | 2.5x |
| Thu, 01 Jun 2023 | Rp165.1t | Rp64.3t | Rp6.0t | 40.4x | 27.7x | 2.6x |
| Sat, 29 Apr 2023 | Rp164.5t | Rp70.0t | Rp5.9t | 28.8x | 28x | 2.4x |
| Mon, 27 Mar 2023 | Rp167.1t | Rp71.0t | Rp4.1t | 12.9x | 41.1x | 2.4x |
| Wed, 22 Feb 2023 | Rp172.9t | Rp71.0t | Rp4.1t | 12.7x | 42.2x | 2.4x |
| Fri, 20 Jan 2023 | Rp167.8t | Rp71.0t | Rp4.1t | 12.5x | 40.9x | 2.4x |
| Sun, 18 Dec 2022 | Rp172.4t | Rp71.0t | Rp4.1t | 16x | 42x | 2.4x |
| Tue, 15 Nov 2022 | Rp174.3t | Rp69.4t | Rp2.6t | 14.7x | 67.8x | 2.5x |
| Thu, 13 Oct 2022 | Rp179.1t | Rp69.2t | Rp2.6t | 16.6x | 68.4x | 2.6x |
| Sat, 10 Sep 2022 | Rp175.5t | Rp67.5t | Rp2.6t | 17.9x | 67.2x | 2.6x |
| Mon, 08 Aug 2022 | Rp172.0t | Rp69.2t | Rp4.0t | 21.7x | 43x | 2.5x |
| Wed, 06 Jul 2022 | Rp162.0t | Rp68.8t | Rp3.8t | 17.2x | 42.1x | 2.4x |
| Fri, 03 Jun 2022 | Rp153.9t | Rp73.6t | Rp3.8t | 18.9x | 40.5x | 2.1x |
| Sun, 01 May 2022 | Rp151.4t | Rp73.6t | Rp4.9t | 24.7x | 30.8x | 2.1x |
| Tue, 29 Mar 2022 | Rp148.1t | Rp73.5t | Rp5.0t | 18.4x | 29.9x | 2x |
| Thu, 24 Feb 2022 | Rp149.5t | Rp73.5t | Rp5.0t | 18.4x | 30.2x | 2x |
| Sat, 22 Jan 2022 | Rp146.8t | Rp73.5t | Rp5.0t | 18.6x | 29.6x | 2x |
| Mon, 20 Dec 2021 | Rp142.1t | Rp73.4t | Rp5.0t | 16.7x | 28.7x | 1.9x |
| Wed, 17 Nov 2021 | Rp139.8t | Rp74.1t | Rp4.9t | 20.5x | 28.4x | 1.9x |
| Fri, 15 Oct 2021 | Rp135.8t | Rp73.8t | Rp4.9t | 20.2x | 27.6x | 1.8x |
| Sun, 12 Sep 2021 | Rp130.2t | Rp71.8t | Rp5.0t | 20.3x | 26.1x | 1.8x |
| Tue, 10 Aug 2021 | Rp129.3t | Rp70.8t | Rp5.0t | 17.4x | 25.9x | 1.8x |
Price to Earnings Ratio
29x
Current Industry PE
- Investors are relatively neutral on the Indonesian Insurance industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 34.9x.
- The 3-year average PS ratio of 2.3x is higher than the industry's current PS ratio of 1.8x.
Past Earnings Growth
- The earnings for companies in the Insurance industry have declined 3.8% per year over the last three years.
- Meanwhile revenues for these companies have grown 4.6% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Indonesian Financials industry?
| ID Market | 1.37% | |
| Financials | -1.12% | |
| Insurance | 0.48% | |
| Reinsurance | 18.60% | |
| Life and Health Insurance | 4.83% | |
| Insurance Brokers | 0% | |
| General Insurance | -1.72% | |
| Property and Casualty Insurance | -3.13% | |
Industry PE
- Investors are most optimistic about the General Insurance industry, which is trading close to its 3-year average PE ratio of 80.0x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Reinsurance industry, which is trading below its 3-year average of 68.7x.
Forecasted GrowthThere is insufficient data on the sub-industries of this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| PNLF Panin Financial | Rp368.00 | 27.8% +Rp2.6t | 39.4% | PE7.8x | |
| PNIN Paninvest | Rp940.00 | 8.0% +Rp284.8b | -8.7% | PE6.5x | |
| AMAG Asuransi Multi Artha Guna | Rp320.00 | 8.1% +Rp119.0b | -14.4% | PE10.7x | |
| MREI Maskapai Reasuransi Indonesia | Rp1.28k | 18.6% +Rp103.6b | -67.2% | PE10.8x | |
| ASBI Asuransi Bintang | Rp825.00 | 0.6% +Rp1.7b | 54.2% | PE63.5x |