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Australian (ASX) Life and Health Insurance Industry Analysis

UpdatedDec 15, 2025
DataAggregated Company Financials
Companies5
  • 7D2.2%
  • 3M-6.4%
  • 1Y27.1%
  • YTDn/a

Over the last 7 days, the Life and Health Insurance industry has risen 2.2%, driven by gains from Medibank Private of 5.3%. Meanwhile, Generation Development Group actually underperformed within the industry, shrinking 5.7% in the last week. This means that the industry has gained 27% over the past year. As for the next few years, earnings are expected to grow by 10% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 16 Dec 2025AU$19.0bAU$13.3bAU$757.5m21.7x25.1x1.4x
Thu, 13 Nov 2025AU$20.6bAU$13.3bAU$757.5m23.1x27.2x1.5x
Sat, 11 Oct 2025AU$20.5bAU$13.3bAU$757.5m23.7x27.1x1.5x
Mon, 08 Sep 2025AU$20.5bAU$13.3bAU$757.5m22.8x27.1x1.5x
Wed, 06 Aug 2025AU$20.7bAU$13.3bAU$762.9m22.5x27.1x1.6x
Fri, 04 Jul 2025AU$19.6bAU$13.3bAU$762.9m20.9x25.7x1.5x
Sun, 01 Jun 2025AU$19.0bAU$13.3bAU$762.9m20.8x25x1.4x
Tue, 29 Apr 2025AU$18.0bAU$13.3bAU$762.9m20.2x23.6x1.4x
Thu, 27 Mar 2025AU$17.7bAU$13.3bAU$762.9m20.8x23.2x1.3x
Sat, 22 Feb 2025AU$15.6bAU$12.6bAU$701.2m22.1x22.3x1.2x
Mon, 20 Jan 2025AU$14.7bAU$12.6bAU$212.6m33.5x69.2x1.2x
Wed, 18 Dec 2024AU$14.7bAU$12.6bAU$212.6m34.4x68.9x1.2x
Fri, 15 Nov 2024AU$14.4bAU$12.6bAU$212.6m31.2x67.5x1.1x
Sun, 13 Oct 2024AU$14.5bAU$12.6bAU$212.6m48.9x68.3x1.2x
Tue, 10 Sep 2024AU$14.6bAU$12.6bAU$212.6m50.2x68.7x1.2x
Thu, 08 Aug 2024AU$15.1bAU$12.0bAU$933.2m17.2x16.2x1.3x
Sat, 06 Jul 2024AU$14.5bAU$12.0bAU$933.2m17.6x15.5x1.2x
Mon, 03 Jun 2024AU$14.8bAU$12.0bAU$933.2m17x15.9x1.2x
Wed, 01 May 2024AU$14.4bAU$12.0bAU$933.2m17.9x15.4x1.2x
Fri, 29 Mar 2024AU$15.1bAU$12.0bAU$933.2m17.7x16.2x1.3x
Sun, 25 Feb 2024AU$14.8bAU$11.7bAU$917.8m17.9x16.2x1.3x
Tue, 23 Jan 2024AU$15.2bAU$11.2bAU$742.1m19.5x20.5x1.4x
Thu, 21 Dec 2023AU$14.2bAU$11.2bAU$742.1m18.1x19.2x1.3x
Sat, 18 Nov 2023AU$14.2bAU$11.2bAU$742.1m19.2x19.2x1.3x
Mon, 16 Oct 2023AU$14.0bAU$11.2bAU$742.1m18.6x18.9x1.3x
Wed, 13 Sep 2023AU$14.4bAU$11.2bAU$742.1m19.4x19.4x1.3x
Fri, 11 Aug 2023AU$13.9bAU$10.2bAU$570.6m28.6x24.3x1.4x
Sun, 09 Jul 2023AU$14.2bAU$10.2bAU$570.6m27.9x24.9x1.4x
Tue, 06 Jun 2023AU$14.3bAU$10.2bAU$570.6m27.5x25.1x1.4x
Thu, 04 May 2023AU$13.8bAU$10.2bAU$570.6m28.3x24.2x1.4x
Sat, 01 Apr 2023AU$12.8bAU$10.1bAU$558.9m30x22.9x1.3x
Mon, 27 Feb 2023AU$13.0bAU$10.1bAU$556.3m58.1x23.3x1.3x
Wed, 25 Jan 2023AU$12.0bAU$9.9bAU$531.3m60.1x22.6x1.2x
Fri, 23 Dec 2022AU$12.1bAU$9.9bAU$531.3m57.6x22.7x1.2x
Price to Earnings Ratio

22.7x


Total Market Cap: AU$12.1bTotal Earnings: AU$531.3mTotal Revenue: AU$9.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Life and Health Insurance Industry Price to Earnings3Y Average 28.9x202320242025
Current Industry PE
  • Investors are pessimistic on the Australian Life and Health 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 25.1x which is lower than its 3-year average PE of 28.9x.
  • The industry is trading close to its 3-year average PS ratio of 1.3x.
Past Earnings Growth
  • The earnings for companies in the Life and Health Insurance industry have grown 13% per year over the last three years.
  • Revenues for these companies have grown 10% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does Australian Life and Health Insurance compare with similar industries?

AU Market0.56%
Financials1.63%
Insurance1.89%
Life and Health Insurance2.24%
Property and Casualty Insurance2.17%
Insurance Brokers-0.81%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
MPL Medibank PrivateAU$4.775.3%
+AU$661.0m		27.2%PE26.2x
NHF nib holdingsAU$6.953.7%
+AU$121.8m		25.7%PE17.3x
NOL NobleOak LifeAU$1.475.8%
+AU$7.4m		-7.0%PE19.2x

Latest News

CVW
AU$0.54
ClearView Wealth
7D
-4.5%
1Y
46.6%

CVW: Expanding Profit Margins Are Expected To Drive Stronger Future Returns

Analysts have raised their price target on ClearView Wealth from 1.03 to 1.15, citing improving revenue growth, expanding profit margins, and a modestly higher justified future P/E multiple as key drivers of the upward revision. Valuation Changes The fair value estimate has increased from A$1.03 to A$1.15, representing a modest upward reassessment of intrinsic value.
MPL
AU$4.77
Medibank Private
7D
5.3%
1Y
27.2%
GDG
AU$5.67
Generation Development Group
7D
-5.7%
1Y
47.7%

GDG: Index Inclusion Will Drive Future Upside Despite Near Term Revenue Weakness

Analysts have modestly revised their price target on Generation Development Group, nudging it to 7.65 dollars per share. They reiterate confidence in the company’s stable fair value, discount rate, and long term profitability profile despite recent revenue contraction.
NHF
AU$6.95
nib holdings
7D
3.7%
1Y
25.7%
NOL
AU$1.47
NobleOak Life
7D
5.8%
1Y
-7.0%