National General Insurance Co. (P.J.S.C.)'s (DFM:NGI) Shares Not Telling The Full Story
Dec 23
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Emirati (ADX) Insurance Industry Analysis
UpdatedJan 21, 2025
DataAggregated Company Financials
Companies23
- 7D-0.3%
- 3M0.2%
- 1Y0.002%
- YTD-1.3%
The Insurance is pretty flat in the last 7 days, but National General Insurance (P.J.S.C.) has stood out, gaining 8.9%. Furthermore, the industry has been flat for the past year as well. Earnings are forecast to grow by 7.0% annually.
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 |
|---|---|---|---|---|---|---|
| Tue, 21 Jan 2025 | د.إ14.8b | د.إ23.8b | د.إ889.3m | 10.9x | 16.6x | 0.6x |
| Thu, 19 Dec 2024 | د.إ15.0b | د.إ23.8b | د.إ889.3m | 10.7x | 16.8x | 0.6x |
| Sat, 16 Nov 2024 | د.إ14.4b | د.إ24.3b | د.إ89.0m | 11.9x | 161.7x | 0.6x |
| Mon, 14 Oct 2024 | د.إ14.6b | د.إ21.3b | د.إ1.1b | 13.1x | 13.8x | 0.7x |
| Wed, 11 Sep 2024 | د.إ14.0b | د.إ21.3b | د.إ1.1b | 12.7x | 13.2x | 0.7x |
| Fri, 09 Aug 2024 | د.إ14.3b | د.إ19.2b | د.إ1.1b | 9.9x | 13.2x | 0.7x |
| Sun, 07 Jul 2024 | د.إ13.5b | د.إ18.2b | د.إ944.3m | 9.1x | 14.2x | 0.7x |
| Tue, 04 Jun 2024 | د.إ13.4b | د.إ18.2b | د.إ944.3m | 9.3x | 14.2x | 0.7x |
| Thu, 02 May 2024 | د.إ13.7b | د.إ17.0b | د.إ887.5m | 11.4x | 15.4x | 0.8x |
| Sat, 30 Mar 2024 | د.إ14.2b | د.إ18.3b | د.إ1.1b | 10.7x | 13.1x | 0.8x |
| Mon, 26 Feb 2024 | د.إ14.0b | د.إ17.2b | د.إ878.3m | 11.7x | 16x | 0.8x |
| Wed, 24 Jan 2024 | د.إ14.8b | د.إ12.6b | د.إ972.1m | 9.8x | 15.2x | 1.2x |
| Fri, 22 Dec 2023 | د.إ14.4b | د.إ12.1b | د.إ967.4m | 9.2x | 14.9x | 1.2x |
| Sun, 19 Nov 2023 | د.إ14.2b | د.إ12.6b | د.إ1.0b | 8.5x | 14.1x | 1.1x |
| Tue, 17 Oct 2023 | د.إ14.4b | د.إ11.8b | د.إ843.9m | 10.3x | 17x | 1.2x |
| Thu, 14 Sep 2023 | د.إ14.6b | د.إ11.8b | د.إ843.9m | 10.9x | 17.3x | 1.2x |
| Sat, 12 Aug 2023 | د.إ14.9b | د.إ11.1b | د.إ801.3m | 14x | 18.5x | 1.3x |
| Mon, 10 Jul 2023 | د.إ14.9b | د.إ10.9b | د.إ800.5m | 15.7x | 18.6x | 1.4x |
| Wed, 07 Jun 2023 | د.إ14.6b | د.إ11.0b | د.إ883.0m | 11.6x | 16.5x | 1.3x |
| Fri, 05 May 2023 | د.إ14.4b | د.إ10.7b | د.إ952.4m | 15.6x | 15.1x | 1.4x |
| Sun, 02 Apr 2023 | د.إ14.5b | د.إ10.7b | د.إ900.3m | 15.4x | 16.1x | 1.4x |
| Tue, 28 Feb 2023 | د.إ14.8b | د.إ10.6b | د.إ941.8m | 18.3x | 15.7x | 1.4x |
| Thu, 26 Jan 2023 | د.إ14.4b | د.إ10.3b | د.إ951.5m | 13x | 15.1x | 1.4x |
| Sat, 24 Dec 2022 | د.إ14.7b | د.إ10.3b | د.إ951.5m | 13.1x | 15.5x | 1.4x |
| Mon, 21 Nov 2022 | د.إ14.9b | د.إ10.2b | د.إ986.6m | 11x | 15.1x | 1.5x |
| Wed, 19 Oct 2022 | د.إ15.1b | د.إ10.2b | د.إ1.1b | 13.8x | 13.3x | 1.5x |
| Fri, 16 Sep 2022 | د.إ15.4b | د.إ10.2b | د.إ1.1b | 15.8x | 13.6x | 1.5x |
| Sun, 14 Aug 2022 | د.إ15.7b | د.إ10.4b | د.إ1.3b | 14.1x | 12.3x | 1.5x |
| Tue, 12 Jul 2022 | د.إ15.9b | د.إ10.5b | د.إ1.4b | 14.1x | 11.4x | 1.5x |
| Thu, 09 Jun 2022 | د.إ15.6b | د.إ10.5b | د.إ1.4b | 13.7x | 11.2x | 1.5x |
| Sat, 07 May 2022 | د.إ16.2b | د.إ10.4b | د.إ1.5b | 15x | 11.1x | 1.6x |
| Mon, 04 Apr 2022 | د.إ15.7b | د.إ10.3b | د.إ1.4b | 14.1x | 10.8x | 1.5x |
| Wed, 02 Mar 2022 | د.إ15.6b | د.إ11.0b | د.إ1.4b | 11.3x | 10.9x | 1.4x |
| Fri, 28 Jan 2022 | د.إ14.9b | د.إ10.6b | د.إ1.4b | 10.3x | 10.4x | 1.4x |
Price to Earnings Ratio
10.4x
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 15.2x.
- 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 15% 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 | -0.0071% | |
| Financials | 0.66% | |
| Insurance | -0.35% | |
| Insurance Brokers | 0% | 0 |
| Life and Health Insurance | 0% | 0 |
| Reinsurance | 0% | 0 |
| Property and Casualty Insurance | -0.25% | |
| General Insurance | -0.36% | |
Industry PE
- Investors are most optimistic about the Life and Health Insurance industry which is trading above its 3-year average PE ratio of 166x.
- 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 7.0% over the next 5 years.
- This is better than its past earnings growth rate of 2.1% per year.
- In contrast, the General Insurance industry is expected to see its earnings grow by 7.0% 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.إ4.90 | 8.9% +د.إ66.0m | 14.7% | PE6.7x | |
| ADNIC Abu Dhabi National Insurance Company PJSC | د.إ6.31 | 0.2% +د.إ5.7m | 5.2% | PE8.9x |
