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Australian (ASX) Insurance Industry Analysis

UpdatedNov 30, 2022
DataAggregated Company Financials
Companies11
  • 7D0.3%
  • 3M1.9%
  • 1Y6.0%
  • YTD1.8%

In the last week, Insurance has been flat. The past year has been better, since the industry has gained 6.0% in that time. Looking forward, earnings are forecast to grow by 13% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 30 Nov 2022AU$67.4bAU$53.5bAU$2.5b32.1x27.5x1.3x
Fri, 28 Oct 2022AU$64.3bAU$54.0bAU$2.5b29.3x26x1.2x
Sun, 25 Sep 2022AU$62.6bAU$53.9bAU$2.5b29x25.4x1.2x
Tue, 23 Aug 2022AU$66.0bAU$53.2bAU$2.5b30.1x26.4x1.2x
Thu, 21 Jul 2022AU$63.7bAU$53.3bAU$3.1b25.6x20.7x1.2x
Sat, 18 Jun 2022AU$59.8bAU$53.1bAU$3.1b22.9x19.5x1.1x
Mon, 16 May 2022AU$65.6bAU$53.2bAU$3.1b23.8x21.4x1.2x
Wed, 13 Apr 2022AU$61.8bAU$51.9bAU$3.0b24.5x20.6x1.2x
Fri, 11 Mar 2022AU$59.0bAU$52.2bAU$3.0b22.6x19.6x1.1x
Sun, 06 Feb 2022AU$63.1bAU$52.0bAU$904.1m28.9x69.8x1.2x
Tue, 04 Jan 2022AU$62.7bAU$51.7bAU$913.4m31.5x68.6x1.2x
Thu, 02 Dec 2021AU$62.6bAU$52.1bAU$899.3m28.3x69.6x1.2x
Sat, 30 Oct 2021AU$64.3bAU$51.1bAU$931.1m27.3x69x1.3x
Mon, 27 Sep 2021AU$66.0bAU$51.7bAU$911.5m28.9x72.4x1.3x
Wed, 25 Aug 2021AU$67.6bAU$51.1bAU$930.6m29.9x72.7x1.3x
Thu, 01 Jul 2021AU$61.2bAU$51.1bAU$925.7m23.6x66.1x1.2x
Sun, 04 Apr 2021AU$54.3bAU$49.9bAU$406.3k22.9x133672.9x1.1x
Wed, 06 Jan 2021AU$53.2bAU$48.8b-AU$903,414,400.0027.5x-58.9x1.1x
Sat, 10 Oct 2020AU$47.2bAU$49.9bAU$389.6m24.2x121.2x0.9x
Fri, 03 Jul 2020AU$53.1bAU$49.5bAU$581.2m25x91.3x1.1x
Mon, 06 Apr 2020AU$50.2bAU$53.6bAU$2.4b19.9x21.2x0.9x
Thu, 09 Jan 2020AU$67.0bAU$51.9bAU$3.3b20.7x20.2x1.3x
Price to Earnings Ratio

19.2x


Total Market Cap: AU$68.4bTotal Earnings: AU$3.6bTotal Revenue: AU$52.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Insurance Industry Price to Earnings3Y Average 12125x202020212022
Current Industry PE
  • Investors are pessimistic on the Australian 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 27.5x which is lower than its 3-year average PE of 12kx.
  • The industry is trading close to its 3-year average PS ratio of 1.2x.
Past Earnings Growth
  • The earnings for companies in the Insurance industry have declined 12% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, 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 Australian Financials industry?

AU Market0.20%
Financials0.018%
Insurance0.29%
Life and Health Insurance1.47%
Property and Casualty Insurance0.15%
General Insurance0%
Reinsurance0%
Insurance Brokers-0.49%
Industry PE
  • Investors are most optimistic about the Insurance Brokers industry even though it's trading below its 3-year average PE ratio of 84.0x.
    • Analysts are expecting annual earnings growth of 12.9%, which is lower than the prior year's growth of 14.5% per year.
  • Investors are most pessimistic about the Life and Health Insurance industry, which is trading close to its 3-year average of 21.6x.
Forecasted Growth
  • Analysts are most optimistic on the Property and Casualty Insurance industry, expecting annual earnings growth of 15% over the next 5 years.
  • This is better than its past earnings decline of 34% per year.
  • In contrast, the Life and Health Insurance industry is expected to see its earnings grow by 9.1% 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
MPL Medibank PrivateAU$2.912.5%
+AU$192.9m
-14.4%PE20.4x
QBE QBE Insurance GroupAU$12.960.9%
+AU$163.3m
10.4%PE31.4x
SUN Suncorp GroupAU$12.000.8%
+AU$126.1m
11.9%PE22.2x
NHF nib holdingsAU$7.301.1%
+AU$38.6m
3.5%PE25.9x
AUB AUB GroupAU$23.080.3%
+AU$8.1m
2.1%PE29x
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AUB

AU$23.08

AUB Group

7D

0.3%

1Y

2.1%

QBE

AU$12.96

QBE Insurance Group

7D

0.9%

1Y

10.4%

NHF

AU$7.30

nib holdings

7D

1.1%

1Y

3.5%

GDG

AU$1.26

Generation Development Group

7D

1.2%

1Y

-7.0%

ENA

AU$0.23

Ensurance

7D

-2.1%

1Y

-2.1%

MPL

AU$2.91

Medibank Private

7D

2.5%

1Y

-14.4%

IAG

AU$4.78

Insurance Australia Group

7D

-2.2%

1Y

8.1%

PSI

AU$4.90

PSC Insurance Group

7D

-2.0%

1Y

10.1%

SDF

AU$5.34

Steadfast Group

7D

-1.1%

1Y

11.3%

SUN

AU$12.00

Suncorp Group

7D

0.8%

1Y

11.9%