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Australian (ASX) Insurance Industry Analysis

UpdatedJun 07, 2026
DataAggregated Company Financials
Companies10
  • 7D-0.4%
  • 3M10.9%
  • 1Y-11.4%
  • YTD-0.1%

The Insurance industry has stayed flat over the last week. Unfortunately though, the industry is down 11% over the past 12 months. Earnings are forecast to grow by 6.9% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 07 Jun 2026AU$96.3bAU$76.9bAU$6.3b17.6x15.3x1.3x
Tue, 05 May 2026AU$95.9bAU$76.4bAU$6.2b17.6x15.4x1.3x
Thu, 02 Apr 2026AU$91.7bAU$77.3bAU$6.3b16.7x14.5x1.2x
Sat, 28 Feb 2026AU$89.9bAU$76.7bAU$6.3b16x14.4x1.2x
Mon, 26 Jan 2026AU$92.6bAU$82.5bAU$7.0b18.1x13.2x1.1x
Wed, 24 Dec 2025AU$97.4bAU$83.5bAU$7.1b18x13.7x1.2x
Fri, 21 Nov 2025AU$98.0bAU$84.7bAU$7.2b18x13.6x1.2x
Sun, 19 Oct 2025AU$98.8bAU$84.5bAU$7.2b19.7x13.7x1.2x
Tue, 16 Sep 2025AU$105.5bAU$83.7bAU$7.1b19.7x14.8x1.3x
Thu, 14 Aug 2025AU$104.7bAU$82.9bAU$6.8b20.7x15.5x1.3x
Sat, 12 Jul 2025AU$107.5bAU$81.6bAU$6.3b20.4x17x1.3x
Mon, 09 Jun 2025AU$109.3bAU$82.0bAU$6.4b20.3x17.2x1.3x
Wed, 07 May 2025AU$102.6bAU$82.2bAU$6.4b19.8x16.1x1.2x
Fri, 04 Apr 2025AU$100.5bAU$82.8bAU$6.4b20.3x15.6x1.2x
Sun, 02 Mar 2025AU$99.8bAU$83.4bAU$6.4b18.9x15.6x1.2x
Tue, 28 Jan 2025AU$101.6bAU$79.8bAU$5.1b26.8x19.9x1.3x
Thu, 26 Dec 2024AU$98.9bAU$80.3bAU$5.2b26.3x19.2x1.2x
Sat, 23 Nov 2024AU$98.6bAU$78.8bAU$5.0b26.5x19.6x1.3x
Mon, 21 Oct 2024AU$91.1bAU$77.8bAU$5.0b25.5x18.4x1.2x
Wed, 18 Sep 2024AU$93.2bAU$77.9bAU$5.0b25.6x18.6x1.2x
Fri, 16 Aug 2024AU$92.0bAU$78.3bAU$5.8b23.1x15.8x1.2x
Sun, 14 Jul 2024AU$91.3bAU$76.6bAU$5.2b22.2x17.7x1.2x
Tue, 11 Jun 2024AU$91.4bAU$77.5bAU$5.2b20.6x17.5x1.2x
Thu, 09 May 2024AU$88.3bAU$77.6bAU$5.2b19.9x16.9x1.1x
Sat, 06 Apr 2024AU$89.0bAU$83.5bAU$5.2b20.3x17x1.1x
Mon, 04 Mar 2024AU$86.1bAU$83.9bAU$5.2b19.6x16.4x1x
Wed, 31 Jan 2024AU$81.4bAU$64.4bAU$4.7b20x17.5x1.3x
Fri, 29 Dec 2023AU$78.2bAU$63.6bAU$4.6b18.7x17x1.2x
Sun, 26 Nov 2023AU$79.6bAU$64.4bAU$4.7b18.8x17.1x1.2x
Tue, 24 Oct 2023AU$78.6bAU$65.5bAU$4.7b18.9x16.6x1.2x
Thu, 21 Sep 2023AU$80.1bAU$64.8bAU$4.7b19.1x17.1x1.2x
Sat, 19 Aug 2023AU$78.1bAU$62.9bAU$4.3b29.8x18.1x1.2x
Mon, 17 Jul 2023AU$78.2bAU$56.1bAU$3.4b30.3x23.3x1.4x
Wed, 14 Jun 2023AU$76.4bAU$56.3bAU$3.4b31.1x22.7x1.4x
Price to Earnings Ratio

22.7x


Total Market Cap: AU$76.4bTotal Earnings: AU$3.4bTotal Revenue: AU$56.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Insurance Industry Price to Earnings3Y Average 16.8x202420252026
Current Industry PE
  • Investors are relatively neutral on the Australian Insurance industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 16.8x.
  • 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 Market-1.23%
Financials-2.03%
Insurance-0.39%
Property and Casualty Insurance0.0037%
Life and Health Insurance-0.84%
Insurance Brokers-2.80%
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 29.4x.
    • Analysts are expecting annual earnings growth of 14.8%, which is higher than its past year's earnings decline of 35.0% per year.
  • Investors are most pessimistic about the Property and Casualty Insurance industry, which is trading close to its 3-year average of 14.8x.
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 35% per year.
  • In contrast, the Property and Casualty Insurance industry is expected to see its earnings grow by 4.7% 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
SUN Suncorp GroupAU$17.561.0%
+AU$191.1m		-17.1%PE18.9x
QBE QBE Insurance GroupAU$22.670.1%
+AU$44.8m		-4.3%PE11.2x

Latest News

NHF
AU$6.59
nib holdings
7D
-1.3%
1Y
-0.9%
SUN
AU$17.56
Suncorp Group
7D
1.0%
1Y
-17.1%
QBE
AU$22.67
QBE Insurance Group
7D
0.1%
1Y
-4.3%
GDG
AU$3.95
Generation Development Group
7D
-3.2%
1Y
-30.1%
Narrative Update • Jun 04

GDG: Growing Demand For Tax Efficient Bonds Will Support Future Upside

Analysts have trimmed their price targets for Generation Development Group to A$6.80 from A$8.47. This reflects updated assumptions for slightly higher discount rates, softer revenue growth, lower profit margins and a reduced future P/E multiple.
AUB
AU$25.45
AUB Group
7D
-2.6%
1Y
-28.0%
IAG
AU$7.56
Insurance Australia Group
7D
-1.3%
1Y
-13.7%
SDF
AU$3.96
Steadfast Group
7D
-2.9%
1Y
-32.7%
Narrative Update • Jun 01

SDF: Dividend And Buyback Program Will Support Future Share Upside

Analysts have raised their price target for Steadfast Group slightly to A$5.97 from A$5.94, reflecting updated views on fair value, the discount rate and a modestly higher future P/E multiple, even as some peers see fewer near term catalysts for share price movements. What's in the News Steadfast Group reported higher revenue and profit in its latest half year results, supported by organic expansion across its broker network, a multi year hard premium cycle and ongoing merger and acquisition activity.
MPL
AU$4.78
Medibank Private
7D
-0.4%
1Y
-1.4%
NOL
AU$1.20
NobleOak Life
7D
-4.0%
1Y
-13.0%