Malaysian (KLSE) Insurance Industry Analysis

Industry Valuation and Performance

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

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Wed, 29 May 2024	RM15.1b	RM13.8b	RM1.7b	7.3x	8.8x	1.1x
Fri, 26 Apr 2024	RM13.9b	RM14.0b	RM1.5b	7x	9.2x	1x
Sun, 24 Mar 2024	RM13.8b	RM14.0b	RM1.5b	6.7x	9.2x	1x
Tue, 20 Feb 2024	RM14.2b	RM17.0b	RM1.4b	9x	10.4x	0.8x
Thu, 18 Jan 2024	RM13.8b	RM16.8b	RM1.3b	9.1x	10.2x	0.8x
Sat, 16 Dec 2023	RM13.2b	RM16.8b	RM1.3b	8.6x	9.8x	0.8x
Mon, 13 Nov 2023	RM13.0b	RM17.0b	RM1.3b	9.7x	10.3x	0.8x
Wed, 11 Oct 2023	RM12.4b	RM16.9b	RM1.2b	9.1x	10x	0.7x
Fri, 08 Sep 2023	RM12.7b	RM16.9b	RM1.2b	9.2x	10.3x	0.8x
Sun, 06 Aug 2023	RM12.1b	RM16.1b	RM1.0b	8.6x	12x	0.8x
Tue, 04 Jul 2023	RM11.9b	RM16.1b	RM1.0b	8.3x	11.8x	0.7x
Thu, 01 Jun 2023	RM12.7b	RM15.8b	RM1.0b	11x	12.5x	0.8x
Sat, 29 Apr 2023	RM12.6b	RM15.4b	RM1.1b	8.4x	12x	0.8x
Mon, 27 Mar 2023	RM12.5b	RM15.4b	RM1.0b	8.2x	11.9x	0.8x
Wed, 22 Feb 2023	RM13.0b	RM14.9b	RM1.2b	7.3x	10.5x	0.9x
Fri, 20 Jan 2023	RM13.1b	RM14.6b	RM1.1b	8.7x	11.6x	0.9x
Sun, 18 Dec 2022	RM13.0b	RM14.6b	RM1.1b	8.1x	11.5x	0.9x
Tue, 15 Nov 2022	RM12.5b	RM14.5b	RM953.4m	9x	13.1x	0.9x
Thu, 13 Oct 2022	RM12.7b	RM14.3b	RM969.6m	8.6x	13.1x	0.9x
Sat, 10 Sep 2022	RM13.2b	RM14.3b	RM969.6m	9x	13.6x	0.9x
Mon, 08 Aug 2022	RM13.3b	RM14.9b	RM1.3b	7.3x	10.1x	0.9x
Wed, 06 Jul 2022	RM13.2b	RM14.8b	RM1.3b	7.1x	9.8x	0.9x
Fri, 03 Jun 2022	RM13.8b	RM14.8b	RM1.3b	7.8x	10.2x	0.9x
Sun, 01 May 2022	RM13.9b	RM14.4b	RM1.3b	7.2x	10.6x	1x
Tue, 29 Mar 2022	RM13.9b	RM14.4b	RM1.3b	7.2x	10.4x	1x
Thu, 24 Feb 2022	RM14.0b	RM15.0b	RM1.5b	12.3x	9.5x	0.9x
Sat, 22 Jan 2022	RM14.1b	RM15.1b	RM1.4b	12x	10.3x	0.9x
Mon, 20 Dec 2021	RM13.9b	RM15.1b	RM1.4b	11.8x	10.2x	0.9x
Wed, 17 Nov 2021	RM14.2b	RM15.1b	RM1.4b	11.8x	10.3x	0.9x
Fri, 15 Oct 2021	RM14.5b	RM15.1b	RM1.4b	12.6x	10.7x	1x
Sun, 12 Sep 2021	RM14.8b	RM15.1b	RM1.4b	12.9x	10.9x	1x
Tue, 10 Aug 2021	RM14.7b	RM15.1b	RM1.4b	12.9x	10.8x	1x

Current Industry PE

Investors are pessimistic on the Malaysian Insurance industry, indicating that they anticipate long term growth rates will be lower than they have historically.

The industry is trading at a PE ratio of 8.9x which is lower than its 3-year average PE of 10.9x.

The 3-year average PS ratio of 0.89x is lower than the industry's current PS ratio of 1.1x.

Past Earnings Growth

The earnings for companies in the Insurance industry have grown 5.7% per year over the last three years.
Meanwhile revenues for these companies have declined 4.3% 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 Malaysian Financials industry?


MY Market	-0.47%
Financials	-0.31%
Insurance	-1.39%
Property and Casualty Insurance	0.67%
Insurance Brokers	0%
General Insurance	-0.36%
Reinsurance	-7.34%
Life and Health Insurance	-10.73%

Industry PE

Investors are most optimistic about the Property and Casualty Insurance industry, which is trading close to its 3-year average PE ratio of 17.2x.

Analysts are expecting annual earnings growth of 4.8%, which is lower than the prior year's growth of 30.6% per year.

Investors are most pessimistic about the Reinsurance industry, which is trading below its 3-year average of 7.4x.

Forecasted Growth

Analysts are most optimistic on the General Insurance industry, expecting annual earnings growth of 12% over the next 5 years.
However this is lower than its past earnings growth rate of 46% per year.