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Australian (ASX) Life and Health Insurance Industry Analysis

UpdatedSep 23, 2023
DataAggregated Company Financials
  • 7D-1.4%
  • 3M-5.6%
  • 1Y-0.6%
  • YTD12.7%

Over the last 7 days, the Life and Health Insurance industry has dropped 1.4%, driven by pullbacks in nib holdings and Medibank Private of 3.2% and 1.1%, respectively. On the other hand Generation Development Group is actually up 6.8%. As for the longer term, the industry's performance has been flat for the past year. Looking forward, earnings are forecast to grow by 5.4% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 23 Sep 2023AU$14.0bAU$11.2bAU$742.1m18.7x18.8x1.2x
Mon, 21 Aug 2023AU$13.9bAU$10.2bAU$570.6m28.3x24.4x1.4x
Wed, 19 Jul 2023AU$14.2bAU$10.2bAU$570.6m26.9x24.8x1.4x
Fri, 16 Jun 2023AU$14.4bAU$10.2bAU$570.6m28.2x25.3x1.4x
Sun, 14 May 2023AU$14.1bAU$10.2bAU$570.6m26.9x24.6x1.4x
Tue, 11 Apr 2023AU$13.1bAU$10.1bAU$558.9m29.3x23.4x1.3x
Thu, 09 Mar 2023AU$12.9bAU$10.1bAU$558.9m29.1x23x1.3x
Sat, 04 Feb 2023AU$12.0bAU$9.9bAU$531.3m59.7x22.6x1.2x
Mon, 02 Jan 2023AU$12.0bAU$9.9bAU$531.3m58.4x22.6x1.2x
Wed, 30 Nov 2022AU$11.6bAU$9.9bAU$531.3m57.9x21.9x1.2x
Fri, 28 Oct 2022AU$11.2bAU$9.9bAU$531.3m53.2x21.2x1.1x
Sun, 25 Sep 2022AU$13.2bAU$9.9bAU$531.3m60.9x24.8x1.3x
Tue, 23 Aug 2022AU$14.2bAU$10.1bAU$579.1m32x24.5x1.4x
Thu, 21 Jul 2022AU$13.2bAU$10.2bAU$620.2m32.8x21.3x1.3x
Sat, 18 Jun 2022AU$12.1bAU$10.2bAU$620.2m31.1x19.6x1.2x
Mon, 16 May 2022AU$12.6bAU$10.2bAU$620.2m32x20.3x1.2x
Wed, 13 Apr 2022AU$12.0bAU$10.2bAU$620.2m32.1x19.3x1.2x
Fri, 11 Mar 2022AU$11.8bAU$10.2bAU$620.2m34.4x19.1x1.2x
Sun, 06 Feb 2022AU$12.2bAU$10.0bAU$609.7m30x19.9x1.2x
Tue, 04 Jan 2022AU$12.9bAU$10.0bAU$609.7m30.1x21.2x1.3x
Thu, 02 Dec 2021AU$13.0bAU$10.0bAU$609.7m31.2x21.4x1.3x
Sat, 30 Oct 2021AU$12.6bAU$10.0bAU$609.7m30.5x20.7x1.3x
Mon, 27 Sep 2021AU$13.3bAU$10.0bAU$609.7m31x21.9x1.3x
Wed, 25 Aug 2021AU$13.2bAU$10.0bAU$609.7m29.1x21.6x1.3x
Thu, 01 Jul 2021AU$11.8bAU$9.9bAU$604.8m19.7x19.6x1.2x
Sun, 04 Apr 2021AU$10.2bAU$9.7bAU$532.6m19.2x19.2x1.1x
Wed, 06 Jan 2021AU$11.1bAU$9.4bAU$462.6m27.5x24.1x1.2x
Sat, 10 Oct 2020AU$8.9bAU$9.3bAU$433.4m20x20.5x1x
Price to Earnings Ratio


Total Market Cap: AU$8.9bTotal Earnings: AU$433.4mTotal Revenue: AU$9.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Life and Health Insurance Industry Price to Earnings3Y Average 22x202120222023
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 18.8x which is lower than its 3-year average PE of 22.0x.
  • The industry is trading close to its 3-year average PS ratio of 1.2x.
Past Earnings Growth
  • The earnings for companies in the Life and Health Insurance industry have grown 20% per year over the last three years.
  • Revenues for these companies have grown 6.2% 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 Market-2.73%
Life and Health Insurance-1.43%
Property and Casualty Insurance0.88%
General Insurance0%
Insurance Brokers-1.58%
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
GDG Generation Development GroupAU$1.506.8%
CVW ClearView WealthAU$0.523.0%
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nib holdings







Medibank Private







Generation Development Group







ClearView Wealth