Why We're Not Concerned Yet About Takaful Emarat - Insurance (PSC)'s (DFM:TAKAFUL-EM) 28% Share Price Plunge
Dec 19
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Emirati (ADX) Insurance Industry Analysis
UpdatedMar 14, 2025
DataAggregated Company Financials
Companies23
- 7D-1.0%
- 3M-2.3%
- 1Y1.2%
- YTD-1.7%
The Insurance is pretty flat in the last 7 days, but National General Insurance (P.J.S.C.) has stood out, gaining 15%. In line with that, the industry has also been flat over the past 12 months. As for the next few years, earnings are expected to grow by 7.7% per annum.
Industry Valuation and Performance
Has the Emirati Insurance Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 14 Mar 2025 | د.إ14.5b | د.إ25.2b | د.إ1.0b | 10.5x | 14.1x | 0.6x |
| Sun, 09 Feb 2025 | د.إ14.7b | د.إ24.3b | د.إ975.7m | 10x | 15x | 0.6x |
| Tue, 07 Jan 2025 | د.إ14.8b | د.إ23.8b | د.إ889.3m | 11.1x | 16.7x | 0.6x |
| Thu, 05 Dec 2024 | د.إ14.6b | د.إ23.8b | د.إ889.3m | 10.9x | 16.4x | 0.6x |
| Sat, 02 Nov 2024 | د.إ14.3b | د.إ21.3b | د.إ1.1b | 12.5x | 13.1x | 0.7x |
| Mon, 30 Sep 2024 | د.إ14.4b | د.إ21.3b | د.إ1.1b | 13.2x | 13.5x | 0.7x |
| Wed, 28 Aug 2024 | د.إ14.2b | د.إ21.3b | د.إ1.1b | 12x | 13.4x | 0.7x |
| Fri, 26 Jul 2024 | د.إ14.3b | د.إ19.4b | د.إ1.1b | 9.4x | 12.9x | 0.7x |
| Sun, 23 Jun 2024 | د.إ13.2b | د.إ18.2b | د.إ944.3m | 8.7x | 14x | 0.7x |
| Tue, 21 May 2024 | د.إ13.6b | د.إ18.3b | د.إ944.3m | 9.3x | 14.4x | 0.7x |
| Thu, 18 Apr 2024 | د.إ13.9b | د.إ17.3b | د.إ937.9m | 10.7x | 14.9x | 0.8x |
| Sat, 16 Mar 2024 | د.إ13.9b | د.إ18.6b | د.إ1.0b | 10.2x | 13.5x | 0.7x |
| Mon, 12 Feb 2024 | د.إ14.2b | د.إ11.6b | د.إ954.3m | 11.3x | 14.9x | 1.2x |
| Wed, 10 Jan 2024 | د.إ14.7b | د.إ12.1b | د.إ967.4m | 9.3x | 15.2x | 1.2x |
| Fri, 08 Dec 2023 | د.إ14.0b | د.إ12.1b | د.إ979.9m | 9.1x | 14.3x | 1.2x |
| Sun, 05 Nov 2023 | د.إ14.2b | د.إ11.8b | د.إ795.1m | 12.3x | 17.8x | 1.2x |
| Tue, 03 Oct 2023 | د.إ14.7b | د.إ11.8b | د.إ843.9m | 10.4x | 17.4x | 1.2x |
| Thu, 31 Aug 2023 | د.إ15.1b | د.إ11.8b | د.إ843.9m | 11.1x | 17.8x | 1.3x |
| Sat, 29 Jul 2023 | د.إ14.9b | د.إ11.2b | د.إ805.2m | 14.8x | 18.6x | 1.3x |
| Mon, 26 Jun 2023 | د.إ14.8b | د.إ10.9b | د.إ800.5m | 15.7x | 18.5x | 1.4x |
| Wed, 24 May 2023 | د.إ14.6b | د.إ11.0b | د.إ926.4m | 11.8x | 15.7x | 1.3x |
| Fri, 21 Apr 2023 | د.إ14.4b | د.إ10.7b | د.إ952.4m | 15.3x | 15.2x | 1.4x |
| Sun, 19 Mar 2023 | د.إ14.7b | د.إ10.5b | د.إ959.6m | 16.6x | 15.3x | 1.4x |
| Tue, 14 Feb 2023 | د.إ14.6b | د.إ10.3b | د.إ938.8m | 12.1x | 15.6x | 1.4x |
| Thu, 12 Jan 2023 | د.إ14.6b | د.إ10.3b | د.إ951.5m | 13.1x | 15.4x | 1.4x |
| Sat, 10 Dec 2022 | د.إ14.9b | د.إ10.3b | د.إ951.5m | 13.3x | 15.7x | 1.5x |
| Mon, 07 Nov 2022 | د.إ15.0b | د.إ10.3b | د.إ1.1b | 14.3x | 13.5x | 1.5x |
| Wed, 05 Oct 2022 | د.إ15.4b | د.إ10.2b | د.إ1.1b | 15.2x | 13.6x | 1.5x |
| Fri, 02 Sep 2022 | د.إ15.6b | د.إ10.2b | د.إ1.1b | 15.7x | 13.8x | 1.5x |
| Sun, 31 Jul 2022 | د.إ15.8b | د.إ10.5b | د.إ1.4b | 14.1x | 11.3x | 1.5x |
| Tue, 28 Jun 2022 | د.إ15.7b | د.إ10.5b | د.إ1.4b | 13.1x | 11.3x | 1.5x |
| Thu, 26 May 2022 | د.إ15.3b | د.إ10.5b | د.إ1.4b | 13x | 10.8x | 1.5x |
| Sat, 23 Apr 2022 | د.إ16.1b | د.إ10.4b | د.إ1.5b | 14.1x | 11x | 1.5x |
| Mon, 21 Mar 2022 | د.إ15.8b | د.إ11.0b | د.إ1.4b | 10.6x | 10.9x | 1.4x |
Price to Earnings Ratio
10.9x
Current Industry PE
- Investors are relatively neutral on the Emirian 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 15.4x.
- The 3-year average PS ratio of 1.1x is higher than the industry's current PS ratio of 0.57x.
Past Earnings Growth
- The earnings for companies in the Insurance industry have declined 11% per year over the last three years.
- Meanwhile revenues for these companies have grown 32% 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 Emirati Financials industry?
| AE Market | -1.19% | |
| Financials | -2.68% | |
| Insurance | -0.98% | |
| General Insurance | -0.93% | |
| Property and Casualty Insurance | -1.16% | |
| Life and Health Insurance | -2.47% | |
Industry PE
- Investors are most optimistic about the Life and Health Insurance industry which is trading above its 3-year average PE ratio of 181x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the General Insurance industry, expecting annual earnings growth of 7.7% over the next 5 years.
- This is better than its past earnings decline of 0.1% per year.
- In contrast, the General Insurance industry is expected to see its earnings grow by 7.7% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| NGI National General Insurance (P.J.S.C.) | د.إ5.74 | 14.8% +د.إ122.1m | 29.1% | PE7.4x | |
| UNION Union Insurance Company P.J.S.C | د.إ0.60 | 10.1% +د.إ18.2m | 11.3% | PE5.2x |