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Canadian (TSX) Insurance Industry Analysis

UpdatedMay 01, 2024
DataAggregated Company Financials
Companies12
  • 7D0.5%
  • 3M1.9%
  • 1Y14.7%
  • YTD6.0%

The Insurance industry has stayed flat over the last week. The past year has been better, since the industry has gained 15% in that time. Looking forward, earnings are forecast to grow by 7.0% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 02 May 2024CA$255.4bCA$218.7bCA$23.1b12x11.1x1.2x
Sat, 30 Mar 2024CA$262.2bCA$219.9bCA$22.8b12.7x11.5x1.2x
Mon, 26 Feb 2024CA$263.5bCA$227.0bCA$22.1b13.9x11.9x1.2x
Wed, 24 Jan 2024CA$247.2bCA$229.8bCA$29.2b10.2x8.5x1.1x
Fri, 22 Dec 2023CA$238.6bCA$229.2bCA$29.2b9.9x8.2x1x
Sun, 19 Nov 2023CA$235.9bCA$222.6bCA$29.4b10x8x1.1x
Tue, 17 Oct 2023CA$225.2bCA$231.4bCA$27.2b9.5x8.3x1x
Thu, 14 Sep 2023CA$227.7bCA$248.1bCA$27.2b9.3x8.4x0.9x
Sat, 12 Aug 2023CA$232.7bCA$244.7bCA$27.0b9.4x8.6x1x
Mon, 10 Jul 2023CA$222.9bCA$239.5bCA$23.4b10.4x9.5x0.9x
Wed, 07 Jun 2023CA$225.4bCA$234.1bCA$23.4b10.8x9.6x1x
Fri, 05 May 2023CA$219.4bCA$205.7bCA$20.3b12.3x10.8x1.1x
Sun, 02 Apr 2023CA$211.4bCA$205.6bCA$20.3b11.5x10.4x1x
Tue, 28 Feb 2023CA$220.9bCA$210.2bCA$20.6b11.6x10.7x1.1x
Thu, 26 Jan 2023CA$215.6bCA$219.2bCA$19.4b11.3x11.1x1x
Sat, 24 Dec 2022CA$204.6bCA$219.8bCA$19.4b10.5x10.5x0.9x
Mon, 21 Nov 2022CA$200.3bCA$219.2bCA$19.4b10.3x10.3x0.9x
Wed, 19 Oct 2022CA$188.8bCA$238.3bCA$21.4b9x8.8x0.8x
Fri, 16 Sep 2022CA$197.6bCA$236.7bCA$21.4b9.5x9.2x0.8x
Sun, 14 Aug 2022CA$203.2bCA$235.3bCA$21.3b9.7x9.5x0.9x
Tue, 12 Jul 2022CA$195.2bCA$299.2bCA$26.1b8x7.5x0.7x
Thu, 09 Jun 2022CA$204.8bCA$298.0bCA$25.9b8.7x7.9x0.7x
Sat, 07 May 2022CA$210.2bCA$303.1bCA$24.8b7.8x8.5x0.7x
Mon, 04 Apr 2022CA$222.1bCA$303.9bCA$25.5b8.2x8.7x0.7x
Wed, 02 Mar 2022CA$214.6bCA$303.0bCA$25.8b9.2x8.3x0.7x
Fri, 28 Jan 2022CA$218.9bCA$293.0bCA$25.0b10.1x8.8x0.7x
Sun, 26 Dec 2021CA$215.0bCA$293.2bCA$25.0b9.8x8.6x0.7x
Tue, 23 Nov 2021CA$215.7bCA$292.8bCA$25.0b9.9x8.6x0.7x
Thu, 21 Oct 2021CA$209.9bCA$276.3bCA$24.1b10.6x8.7x0.8x
Sat, 18 Sep 2021CA$208.8bCA$277.4bCA$24.2b10.8x8.6x0.8x
Mon, 16 Aug 2021CA$212.9bCA$276.5bCA$24.1b10.8x8.8x0.8x
Mon, 31 May 2021CA$200.4bCA$283.4bCA$20.5b10.4x9.8x0.7x
Price to Earnings Ratio

9.7x


Total Market Cap: CA$199.4bTotal 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 11.1x which is higher than its 3-year average PE of 9.2x.
  • The 3-year average PS ratio of 0.87x 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 4.0% per year over the last three years.
  • Meanwhile revenues for these companies have declined 8.3% 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 Canadian Financials industry?

CA Market-1.05%
Financials-0.91%
Insurance0.46%
Property and Casualty Insurance1.83%
Insurance Brokers0%
General Insurance0%
Reinsurance0%
Life and Health Insurance-0.18%
Industry PE
  • Investors are most optimistic about the Life and Health Insurance industry which is trading above its 3-year average PE ratio of 8.5x.
    • Analysts are expecting annual earnings growth of 7.5%, which is higher than its past year's earnings growth of 5.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Life and Health Insurance industry, expecting annual earnings growth of 7.5% over the next 5 years.
  • This is better than its past earnings growth rate of 5.8% per year.
  • In contrast, the Property and Casualty Insurance industry is expected to see its earnings grow by 6.1% 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
IFC Intact FinancialCA$228.873.6%
+CA$1.4b		14.1%PE33.1x
FFH Fairfax Financial HoldingsCA$1.53k3.5%
+CA$1.2b		63.6%PE5.9x
MFC Manulife FinancialCA$32.430.9%
+CA$504.3m		21.9%PE12.2x
GWO Great-West LifecoCA$40.760.8%
+CA$307.8m		5.9%PE13.3x
DFY Definity FinancialCA$46.543.1%
+CA$160.8m		30.8%PE15.3x
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Latest News

FFH

CA$1,528.34

Fairfax Financial Holdings

7D

3.5%

1Y

63.6%

DFY

CA$46.54

Definity Financial

7D

3.1%

1Y

30.8%

TSU

CA$42.26

Trisura Group

7D

-1.8%

1Y

36.4%

IFC

CA$228.87

Intact Financial

7D

3.6%

1Y

14.1%

ELF

CA$1,100.00

E-L Financial

7D

-0.9%

1Y

20.4%

SFC

CA$6.77

Sagicor Financial

7D

-1.6%

1Y

35.4%

IAG

CA$84.45

iA Financial

7D

0.7%

1Y

-4.6%

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

GWO

CA$40.76

Great-West Lifeco

7D

0.8%

1Y

5.9%

Investors Aren't Entirely Convinced By Great-West Lifeco Inc.'s (TSE:GWO) Earnings

Mar 30
Investors Aren't Entirely Convinced By Great-West Lifeco Inc.'s (TSE:GWO) Earnings

SLF

CA$70.84

Sun Life Financial

7D

-0.03%

1Y

8.1%

POW

CA$36.86

Power Corporation of Canada

7D

-0.7%

1Y

1.5%

MFC

CA$32.43

Manulife Financial

7D

0.9%

1Y

21.9%