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Australian (ASX) Insurance Industry Analysis

UpdatedMar 02, 2026
DataAggregated Company Financials
Companies10
  • 7D-2.1%
  • 3M-5.3%
  • 1Y-10.7%
  • YTD-7.4%

Over the last 7 days, the Insurance industry has dropped 2.1%, driven by pullbacks in QBE Insurance Group and Insurance Australia Group of 2.2% and 3.7%, respectively. On the other hand Generation Development Group is actually up 6.2%. However, the industry is down 11% over the past year. Earnings are forecast to grow by 6.8% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 02 Mar 2026AU$89.9bAU$76.7bAU$6.2b16x14.4x1.2x
Wed, 28 Jan 2026AU$93.2bAU$82.3bAU$7.0b18x13.3x1.1x
Fri, 26 Dec 2025AU$96.2bAU$83.5bAU$7.1b17.9x13.5x1.2x
Sun, 23 Nov 2025AU$97.6bAU$84.8bAU$7.2b17.8x13.5x1.2x
Tue, 21 Oct 2025AU$98.8bAU$84.6bAU$7.2b19.8x13.7x1.2x
Thu, 18 Sep 2025AU$104.1bAU$83.6bAU$7.1b19.7x14.6x1.2x
Sat, 16 Aug 2025AU$108.0bAU$84.1bAU$7.0b20.9x15.4x1.3x
Mon, 14 Jul 2025AU$106.6bAU$81.5bAU$6.3b20.4x16.9x1.3x
Wed, 11 Jun 2025AU$110.5bAU$81.9bAU$6.4b20x17.4x1.3x
Fri, 09 May 2025AU$104.1bAU$82.4bAU$6.4b19.7x16.3x1.3x
Sun, 06 Apr 2025AU$98.3bAU$84.6bAU$6.6b19.8x15x1.2x
Tue, 04 Mar 2025AU$100.0bAU$83.5bAU$6.5b19.5x15.5x1.2x
Thu, 30 Jan 2025AU$103.0bAU$80.3bAU$5.2b27.1x20x1.3x
Sat, 28 Dec 2024AU$99.4bAU$80.4bAU$5.2b26.6x19.3x1.2x
Mon, 25 Nov 2024AU$98.6bAU$78.8bAU$5.0b26.5x19.6x1.3x
Wed, 23 Oct 2024AU$90.9bAU$77.9bAU$5.0b25.4x18.3x1.2x
Fri, 20 Sep 2024AU$92.9bAU$77.5bAU$5.0b26.5x18.7x1.2x
Sun, 18 Aug 2024AU$92.9bAU$78.0bAU$5.8b23.4x16x1.2x
Tue, 16 Jul 2024AU$91.5bAU$76.6bAU$5.2b22.2x17.7x1.2x
Thu, 13 Jun 2024AU$90.7bAU$77.4bAU$5.2b20.6x17.4x1.2x
Sat, 11 May 2024AU$88.7bAU$77.4bAU$5.2b19.7x17x1.1x
Mon, 08 Apr 2024AU$89.0bAU$83.6bAU$5.2b20.3x17x1.1x
Wed, 06 Mar 2024AU$86.6bAU$84.1bAU$5.3b19.8x16.5x1x
Fri, 02 Feb 2024AU$83.1bAU$64.7bAU$4.7b20.1x17.8x1.3x
Sun, 31 Dec 2023AU$78.6bAU$63.7bAU$4.6b18.6x17.1x1.2x
Tue, 28 Nov 2023AU$80.1bAU$64.4bAU$4.7b18.9x17.2x1.2x
Thu, 26 Oct 2023AU$78.2bAU$65.4bAU$4.7b18.9x16.6x1.2x
Sat, 23 Sep 2023AU$80.1bAU$65.0bAU$4.7b19x17x1.2x
Mon, 21 Aug 2023AU$78.1bAU$62.8bAU$4.3b29.8x18.1x1.2x
Wed, 19 Jul 2023AU$79.1bAU$56.2bAU$3.4b29.6x23.5x1.4x
Fri, 16 Jun 2023AU$77.9bAU$56.2bAU$3.4b31.4x23.2x1.4x
Sun, 14 May 2023AU$74.0bAU$56.7bAU$3.4b29.9x21.9x1.3x
Tue, 11 Apr 2023AU$73.5bAU$56.6bAU$3.4b35x21.8x1.3x
Thu, 09 Mar 2023AU$74.3bAU$56.8bAU$3.4b34.7x22x1.3x
Price to Earnings Ratio

22x


Total Market Cap: AU$74.3bTotal Earnings: AU$3.4bTotal Revenue: AU$56.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Insurance Industry Price to Earnings3Y Average 17.4x202420252026
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 14.4x which is lower than its 3-year average PE of 17.4x.
  • 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 grown 23% per year over the last three years.
  • Revenues for these companies have grown 11% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Australian Financials industry?

AU Market1.41%
Financials-1.24%
Insurance-2.12%
Insurance Brokers-1.41%
Life and Health Insurance-1.48%
Property and Casualty Insurance-2.39%
Industry PE
  • Investors are most optimistic about the Life and Health Insurance industry, which is trading close to its 3-year average PE ratio of 29.1x.
    • Analysts are expecting annual earnings growth of 15.4%, which is higher than its past year's earnings decline of 14.3% per year.
  • Investors are most pessimistic about the Property and Casualty Insurance industry, which is trading below its 3-year average of 15.3x.
Forecasted Growth
  • Analysts are most optimistic on the Life and Health Insurance industry, expecting annual earnings growth of 15% over the next 5 years.
  • This is better than its past earnings decline of 14% per year.
  • In contrast, the Property and Casualty Insurance industry is expected to see its earnings grow by 4.3% 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
GDG Generation Development GroupAU$4.656.2%
+AU$107.9m
-11.9%PS3.4x
CVW ClearView WealthAU$0.6316.8%
+AU$56.2m
37.4%PE74.7x
AUB AUB GroupAU$25.320.8%
+AU$27.3m
-19.0%PE17.4x