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Taiwanese (TAIEX) Insurance Industry Analysis

UpdatedMay 18, 2024
DataAggregated Company Financials
Companies14
  • 7D2.7%
  • 3M18.6%
  • 1Y23.2%
  • YTD18.0%

Over the last 7 days, the Insurance industry has risen 3.9%, driven by gains from Cathay Financial Holding of 6.7%. In the same time, Shinkong Insurance was down 6.6%. This means that the industry has gained 24% over the past year. As for the next few years, earnings are expected to grow by 27% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 18 May 2024NT$2.4tNT$2.2tNT$125.9b10.8x18.7x1.1x
Mon, 15 Apr 2024NT$2.1tNT$2.3tNT$119.4b10.3x17.6x0.9x
Wed, 13 Mar 2024NT$2.0tNT$2.0tNT$51.2b16.3x38.2x1x
Fri, 09 Feb 2024NT$1.8tNT$2.0tNT$49.6b14.3x37.1x0.9x
Sun, 07 Jan 2024NT$1.8tNT$2.0tNT$49.6b15.4x37.1x0.9x
Tue, 05 Dec 2023NT$1.9tNT$1.8tNT$39.0b15.6x48.2x1x
Thu, 02 Nov 2023NT$2.0tNT$1.9tNT$28.9b14.7x68x1x
Sat, 30 Sep 2023NT$1.9tNT$1.9tNT$28.9b15.7x66.2x1x
Mon, 28 Aug 2023NT$1.9tNT$1.8tNT$25.2b14.5x75.4x1.1x
Wed, 26 Jul 2023NT$1.9tNT$1.8tNT$8.0b17.8x237.8x1.1x
Fri, 23 Jun 2023NT$2.0tNT$1.6tNT$8.0b17.9x248x1.2x
Sun, 21 May 2023NT$2.0tNT$1.6tNT$85.4b15.6x23.4x1.3x
Tue, 18 Apr 2023NT$1.9tNT$1.2tNT$88.5b14.9x21.8x1.7x
Thu, 16 Mar 2023NT$1.7tNT$1.4tNT$185.2b11.2x9.3x1.2x
Sat, 11 Feb 2023NT$1.9tNT$1.6tNT$205.6b9.1x9.4x1.2x
Mon, 09 Jan 2023NT$1.9tNT$1.6tNT$205.6b8.7x9.2x1.2x
Wed, 07 Dec 2022NT$1.8tNT$1.6tNT$208.7b8.4x8.7x1.1x
Fri, 04 Nov 2022NT$1.7tNT$2.3tNT$264.6b6.8x6.3x0.7x
Sun, 02 Oct 2022NT$1.6tNT$2.3tNT$265.1b7.2x5.9x0.7x
Tue, 30 Aug 2022NT$1.9tNT$2.7tNT$299.5b7.7x6.2x0.7x
Thu, 28 Jul 2022NT$1.8tNT$2.7tNT$309.6b7.1x5.7x0.6x
Sat, 25 Jun 2022NT$2.0tNT$2.7tNT$309.6b7.9x6.5x0.7x
Mon, 23 May 2022NT$2.1tNT$3.0tNT$343.7b8.3x6x0.7x
Wed, 20 Apr 2022NT$2.4tNT$3.0tNT$350.7b8.8x6.9x0.8x
Fri, 18 Mar 2022NT$2.6tNT$3.6tNT$378.4b8.7x6.9x0.7x
Sun, 13 Feb 2022NT$2.7tNT$3.6tNT$374.1b9.2x7.2x0.8x
Tue, 11 Jan 2022NT$2.6tNT$3.6tNT$374.1b9.1x6.9x0.7x
Thu, 09 Dec 2021NT$2.5tNT$3.6tNT$374.1b8.6x6.6x0.7x
Sat, 06 Nov 2021NT$2.3tNT$3.7tNT$354.5b8x6.4x0.6x
Mon, 04 Oct 2021NT$2.2tNT$3.7tNT$354.5b7.9x6.1x0.6x
Wed, 01 Sep 2021NT$2.2tNT$3.7tNT$354.6b8x6.3x0.6x
Thu, 08 Jul 2021NT$2.0tNT$3.7tNT$354.6b7.4x5.7x0.5x
Price to Earnings Ratio

6.8x


Total Market Cap: NT$2.0tTotal Earnings: NT$295.0bTotal Revenue: NT$3.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Taiwanese Insurance Industry Price to Earnings3Y Average 35.7x202220232024
Current Industry PE
  • Investors are pessimistic on the Taiwanese 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 19.1x which is lower than its 3-year average PE of 35.8x.
  • The 3-year average PS ratio of 0.92x is lower than the industry's current PS ratio of 1.0x.
Past Earnings Growth
  • The earnings for companies in the Insurance industry have declined 26% per year over the last three years,
  • Revenues have also declined 15% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

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

TW Market2.50%
Financials1.24%
Insurance2.71%
Life and Health Insurance2.81%
General Insurance0.63%
Property and Casualty Insurance0.10%
Insurance Brokers-0.10%
Reinsurance-0.70%
Industry PE
  • Investors are most optimistic about the Insurance Brokers industry which is trading above its 3-year average PE ratio of 17.9x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Property and Casualty Insurance industry, which is trading below its 3-year average of 10.5x.
Forecasted Growth
  • Analysts are most optimistic on the Life and Health Insurance industry, expecting annual earnings growth of 27% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Life and Health Insurance industry is expected to see its earnings grow by 27% 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
2881 Fubon Financial HoldingNT$74.603.9%
+NT$36.4b		27.2%PE15.5x
2882 Cathay Financial HoldingNT$56.401.6%
+NT$13.2b		24.9%PE17.4x
2867 Mercuries Life InsuranceNT$7.2123.0%
+NT$6.9b		38.9%PS0.4x
2883 China Development Financial HoldingNT$14.401.8%
+NT$4.6b		9.1%PE14x
2905 Mercuries & Associates HoldingNT$16.6010.3%
+NT$1.7b		9.2%PS0.1x
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Latest News

2850

NT$92.60

Shinkong Insurance

7D

0.7%

1Y

76.7%

2905

NT$16.60

Mercuries & Associates Holding

7D

10.3%

1Y

9.2%

2881

NT$74.60

Fubon Financial Holding

7D

3.9%

1Y

27.2%

2867

NT$7.21

Mercuries Life Insurance

7D

23.0%

1Y

38.9%

2883

NT$14.40

China Development Financial Holding

7D

1.8%

1Y

9.1%

2816

NT$34.35

Union Insurance

7D

-1.4%

1Y

98.6%

2852

NT$25.10

First Insurance

7D

0.2%

1Y

56.9%

Market Might Still Lack Some Conviction On The First Insurance Co., Ltd. (TWSE:2852) Even After 25% Share Price Boost

May 08
Market Might Still Lack Some Conviction On The First Insurance Co., Ltd. (TWSE:2852) Even After 25% Share Price Boost

2832

NT$28.65

Taiwan Fire & Marine Insurance

7D

-0.3%

1Y

28.5%

2851

NT$28.25

Central Reinsurance

7D

-0.7%

1Y

44.9%

2882

NT$56.40

Cathay Financial Holding

7D

1.6%

1Y

24.9%

5878

NT$48.25

Taiming Assurance BrokerLtd

7D

-0.1%

1Y

-1.7%

5859

NT$13.95

Farglory Life Insurance

7D

1.1%

1Y

17.4%

2888

NT$9.03

Shin Kong Financial Holding

7D

-0.4%

1Y

4.3%