Australian (ASX) Life and Health Insurance Industry Analysis
UpdatedSep 23, 2023
DataAggregated Company Financials
Companies5
- 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?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 23 Sep 2023 | AU$14.0b | AU$11.2b | AU$742.1m | 18.7x | 18.8x | 1.2x |
| Mon, 21 Aug 2023 | AU$13.9b | AU$10.2b | AU$570.6m | 28.3x | 24.4x | 1.4x |
| Wed, 19 Jul 2023 | AU$14.2b | AU$10.2b | AU$570.6m | 26.9x | 24.8x | 1.4x |
| Fri, 16 Jun 2023 | AU$14.4b | AU$10.2b | AU$570.6m | 28.2x | 25.3x | 1.4x |
| Sun, 14 May 2023 | AU$14.1b | AU$10.2b | AU$570.6m | 26.9x | 24.6x | 1.4x |
| Tue, 11 Apr 2023 | AU$13.1b | AU$10.1b | AU$558.9m | 29.3x | 23.4x | 1.3x |
| Thu, 09 Mar 2023 | AU$12.9b | AU$10.1b | AU$558.9m | 29.1x | 23x | 1.3x |
| Sat, 04 Feb 2023 | AU$12.0b | AU$9.9b | AU$531.3m | 59.7x | 22.6x | 1.2x |
| Mon, 02 Jan 2023 | AU$12.0b | AU$9.9b | AU$531.3m | 58.4x | 22.6x | 1.2x |
| Wed, 30 Nov 2022 | AU$11.6b | AU$9.9b | AU$531.3m | 57.9x | 21.9x | 1.2x |
| Fri, 28 Oct 2022 | AU$11.2b | AU$9.9b | AU$531.3m | 53.2x | 21.2x | 1.1x |
| Sun, 25 Sep 2022 | AU$13.2b | AU$9.9b | AU$531.3m | 60.9x | 24.8x | 1.3x |
| Tue, 23 Aug 2022 | AU$14.2b | AU$10.1b | AU$579.1m | 32x | 24.5x | 1.4x |
| Thu, 21 Jul 2022 | AU$13.2b | AU$10.2b | AU$620.2m | 32.8x | 21.3x | 1.3x |
| Sat, 18 Jun 2022 | AU$12.1b | AU$10.2b | AU$620.2m | 31.1x | 19.6x | 1.2x |
| Mon, 16 May 2022 | AU$12.6b | AU$10.2b | AU$620.2m | 32x | 20.3x | 1.2x |
| Wed, 13 Apr 2022 | AU$12.0b | AU$10.2b | AU$620.2m | 32.1x | 19.3x | 1.2x |
| Fri, 11 Mar 2022 | AU$11.8b | AU$10.2b | AU$620.2m | 34.4x | 19.1x | 1.2x |
| Sun, 06 Feb 2022 | AU$12.2b | AU$10.0b | AU$609.7m | 30x | 19.9x | 1.2x |
| Tue, 04 Jan 2022 | AU$12.9b | AU$10.0b | AU$609.7m | 30.1x | 21.2x | 1.3x |
| Thu, 02 Dec 2021 | AU$13.0b | AU$10.0b | AU$609.7m | 31.2x | 21.4x | 1.3x |
| Sat, 30 Oct 2021 | AU$12.6b | AU$10.0b | AU$609.7m | 30.5x | 20.7x | 1.3x |
| Mon, 27 Sep 2021 | AU$13.3b | AU$10.0b | AU$609.7m | 31x | 21.9x | 1.3x |
| Wed, 25 Aug 2021 | AU$13.2b | AU$10.0b | AU$609.7m | 29.1x | 21.6x | 1.3x |
| Thu, 01 Jul 2021 | AU$11.8b | AU$9.9b | AU$604.8m | 19.7x | 19.6x | 1.2x |
| Sun, 04 Apr 2021 | AU$10.2b | AU$9.7b | AU$532.6m | 19.2x | 19.2x | 1.1x |
| Wed, 06 Jan 2021 | AU$11.1b | AU$9.4b | AU$462.6m | 27.5x | 24.1x | 1.2x |
| Sat, 10 Oct 2020 | AU$8.9b | AU$9.3b | AU$433.4m | 20x | 20.5x | 1x |
Price to Earnings Ratio
20.5x
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% | |
| Financials | -2.32% | |
| Insurance | 0.13% | |
| Life and Health Insurance | -1.43% | |
| Property and Casualty Insurance | 0.88% | |
| General Insurance | 0% | |
| Reinsurance | 0% | |
| 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| GDG Generation Development Group | AU$1.50 | 6.8% +AU$18.1m | 8.7% | PE63.6x | |
| CVW ClearView Wealth | AU$0.52 | 3.0% +AU$9.9m | -15.6% | PE16.3x |