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Emirati (ADX) Insurance Industry Analysis
UpdatedDec 02, 2024
DataAggregated Company Financials
Companies23
- 7D1.8%
- 3M2.1%
- 1Y5.0%
- YTD3.5%
Over the last 7 days, the Insurance industry has risen 1.8%, driven by gains in National General Insurance (P.J.S.C.) and Dubai National Insurance & Reinsurance (P.S.C.) of 11% and 15%, respectively. In the last 12 months, the industry was up 5.0%.
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 |
|---|---|---|---|---|---|---|
| Mon, 02 Dec 2024 | د.إ14.7b | د.إ23.8b | د.إ889.3m | 10.9x | 16.5x | 0.6x |
| Wed, 30 Oct 2024 | د.إ14.3b | د.إ21.3b | د.إ1.1b | 13.1x | 13x | 0.7x |
| Fri, 27 Sep 2024 | د.إ14.4b | د.إ21.3b | د.إ1.1b | 13.2x | 13.5x | 0.7x |
| Sun, 25 Aug 2024 | د.إ14.2b | د.إ21.3b | د.إ1.1b | 12x | 13.3x | 0.7x |
| Tue, 23 Jul 2024 | د.إ14.3b | د.إ19.2b | د.إ1.1b | 9.3x | 12.9x | 0.7x |
| Thu, 20 Jun 2024 | د.إ13.2b | د.إ18.2b | د.إ944.3m | 8.7x | 14x | 0.7x |
| Sat, 18 May 2024 | د.إ13.6b | د.إ18.4b | د.إ935.6m | 11.4x | 14.6x | 0.7x |
| Mon, 15 Apr 2024 | د.إ14.0b | د.إ17.3b | د.إ937.9m | 10.7x | 14.9x | 0.8x |
| Wed, 13 Mar 2024 | د.إ13.9b | د.إ17.9b | د.إ946.2m | 11.5x | 14.7x | 0.8x |
| Fri, 09 Feb 2024 | د.إ14.2b | د.إ11.6b | د.إ954.3m | 11.2x | 14.9x | 1.2x |
| Sun, 07 Jan 2024 | د.إ14.7b | د.إ12.1b | د.إ967.4m | 9.3x | 15.2x | 1.2x |
| Tue, 05 Dec 2023 | د.إ14.1b | د.إ12.1b | د.إ951.1m | 9.7x | 14.8x | 1.2x |
| Thu, 02 Nov 2023 | د.إ14.0b | د.إ12.0b | د.إ853.8m | 9.4x | 16.4x | 1.2x |
| Sat, 30 Sep 2023 | د.إ14.7b | د.إ11.8b | د.إ843.9m | 10.5x | 17.4x | 1.2x |
| Mon, 28 Aug 2023 | د.إ15.1b | د.إ11.5b | د.إ838.1m | 14.7x | 18x | 1.3x |
| Wed, 26 Jul 2023 | د.إ14.8b | د.إ10.9b | د.إ800.5m | 14.8x | 18.5x | 1.4x |
| Fri, 23 Jun 2023 | د.إ14.7b | د.إ11.1b | د.إ763.3m | 16.7x | 19.3x | 1.3x |
| Sun, 21 May 2023 | د.إ14.5b | د.إ10.8b | د.إ934.6m | 11.8x | 15.5x | 1.3x |
| Tue, 18 Apr 2023 | د.إ14.4b | د.إ10.6b | د.إ912.3m | 16.5x | 15.8x | 1.4x |
| Thu, 16 Mar 2023 | د.إ14.6b | د.إ10.4b | د.إ963.5m | 15.1x | 15.2x | 1.4x |
| Sat, 11 Feb 2023 | د.إ14.7b | د.إ10.3b | د.إ944.0m | 12.1x | 15.5x | 1.4x |
| Mon, 09 Jan 2023 | د.إ14.7b | د.إ10.3b | د.إ951.5m | 13.1x | 15.4x | 1.4x |
| Wed, 07 Dec 2022 | د.إ15.1b | د.إ10.3b | د.إ951.5m | 14x | 15.9x | 1.5x |
| Fri, 04 Nov 2022 | د.إ15.1b | د.إ10.2b | د.إ1.1b | 13.8x | 13.5x | 1.5x |
| Sun, 02 Oct 2022 | د.إ15.4b | د.إ10.2b | د.إ1.1b | 15.8x | 13.6x | 1.5x |
| Tue, 30 Aug 2022 | د.إ15.7b | د.إ10.2b | د.إ1.1b | 15.7x | 13.8x | 1.5x |
| Thu, 28 Jul 2022 | د.إ15.8b | د.إ10.5b | د.إ1.4b | 13.9x | 11.3x | 1.5x |
| Sat, 25 Jun 2022 | د.إ15.7b | د.إ10.5b | د.إ1.4b | 13.1x | 11.3x | 1.5x |
| Mon, 23 May 2022 | د.إ15.6b | د.إ10.5b | د.إ1.4b | 13x | 11x | 1.5x |
| Wed, 20 Apr 2022 | د.إ16.0b | د.إ10.3b | د.إ1.4b | 15x | 11.2x | 1.6x |
| Fri, 18 Mar 2022 | د.إ15.7b | د.إ10.9b | د.إ1.4b | 10.6x | 10.9x | 1.4x |
| Sun, 13 Feb 2022 | د.إ15.1b | د.إ10.6b | د.إ1.4b | 11.2x | 10.6x | 1.4x |
| Tue, 11 Jan 2022 | د.إ15.0b | د.إ10.6b | د.إ1.4b | 10.3x | 10.5x | 1.4x |
| Thu, 09 Dec 2021 | د.إ14.9b | د.إ10.6b | د.إ1.4b | 12.4x | 10.9x | 1.4x |
Price to Earnings Ratio
10.9x
Current Industry PE
- Investors are optimistic on the Emirian Insurance industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 16.5x which is higher than its 3-year average PE of 14.9x.
- The 3-year average PS ratio of 1.2x is higher than the industry's current PS ratio of 0.62x.
Past Earnings Growth
- The earnings for companies in the Insurance industry have declined 13% per year over the last three years.
- Meanwhile revenues for these companies have grown 31% 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 | 0.90% | |
| Financials | 1.27% | |
| Insurance | 1.76% | |
| General Insurance | 1.86% | |
| Property and Casualty Insurance | 0.89% | |
| Life and Health Insurance | 0.83% | |
| Insurance Brokers | 0% | |
| Reinsurance | 0% | |
Industry PE
- Investors are most optimistic about the Life and Health Insurance industry which is trading above its 3-year average PE ratio of 154x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
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 | |
|---|---|---|---|---|---|
| NGI National General Insurance (P.J.S.C.) | د.إ4.90 | 11.1% +د.إ80.8m | 34.1% | PE6.7x | |
| DNIR Dubai National Insurance & Reinsurance (P.S.C.) | د.إ5.34 | 14.8% +د.إ79.7m | 12.4% | PE14.2x | |
| TKFL Abu Dhabi National Takaful Company PSC | د.إ5.54 | 11.9% +د.إ62.0m | -7.7% | PE5.8x | |
| ADNIC Abu Dhabi National Insurance Company PJSC | د.إ6.10 | 1.5% +د.إ51.3m | 1.0% | PE8.6x | |
| SALAMA Islamic Arab Insurance (Salama) PJSC | د.إ0.40 | 2.6% +د.إ9.2m | -26.2% | PS0.3x |