Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Australian (ASX) Insurance Industry Analysis

UpdatedJul 01, 2026
DataAggregated Company Financials
Companies10
  • 7D1.4%
  • 3M15.4%
  • 1Y-4.4%
  • YTD9.3%

Over the last 7 days, the Insurance industry has risen 1.4%, driven by gains from QBE Insurance Group of 1.6%. In contrast, the industry has lost 4.4% in the last 12 months. As for the next few years, earnings are expected to grow by 6.2% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 01 Jul 2026AU$105.4bAU$77.6bAU$6.3b19.8x16.6x1.4x
Fri, 29 May 2026AU$96.1bAU$76.7bAU$6.2b18.1x15.4x1.3x
Sun, 26 Apr 2026AU$94.6bAU$76.5bAU$6.2b17.7x15.2x1.2x
Tue, 24 Mar 2026AU$90.8bAU$77.1bAU$6.3b16.5x14.4x1.2x
Thu, 19 Feb 2026AU$89.3bAU$82.7bAU$6.1b17.7x14.6x1.1x
Sat, 17 Jan 2026AU$94.7bAU$83.5bAU$7.1b18.5x13.3x1.1x
Mon, 15 Dec 2025AU$94.5bAU$83.7bAU$7.1b18.2x13.3x1.1x
Wed, 12 Nov 2025AU$101.7bAU$84.4bAU$7.2b18.4x14.2x1.2x
Fri, 10 Oct 2025AU$105.1bAU$84.0bAU$7.1b20.4x14.7x1.3x
Sun, 07 Sep 2025AU$107.6bAU$84.3bAU$7.2b19.9x15x1.3x
Tue, 05 Aug 2025AU$107.3bAU$82.1bAU$6.4b20.3x16.9x1.3x
Thu, 03 Jul 2025AU$109.5bAU$81.6bAU$6.3b20x17.3x1.3x
Sat, 31 May 2025AU$107.1bAU$82.4bAU$6.4b20.4x16.8x1.3x
Mon, 28 Apr 2025AU$100.5bAU$82.5bAU$6.4b19.4x15.7x1.2x
Wed, 26 Mar 2025AU$99.4bAU$83.0bAU$6.4b20.3x15.5x1.2x
Fri, 21 Feb 2025AU$94.8bAU$81.2bAU$6.3b19.1x15x1.2x
Sun, 19 Jan 2025AU$99.8bAU$80.5bAU$5.2b26.3x19.3x1.2x
Tue, 17 Dec 2024AU$97.5bAU$79.6bAU$5.1b25.9x19.1x1.2x
Thu, 14 Nov 2024AU$94.4bAU$78.7bAU$5.0b26.1x18.8x1.2x
Sat, 12 Oct 2024AU$90.0bAU$77.6bAU$4.9b25.4x18.2x1.2x
Mon, 09 Sep 2024AU$93.4bAU$78.3bAU$5.0b26.5x18.6x1.2x
Wed, 07 Aug 2024AU$89.3bAU$78.1bAU$5.3b21.9x17x1.1x
Fri, 05 Jul 2024AU$90.8bAU$76.8bAU$5.2b22.1x17.5x1.2x
Sun, 02 Jun 2024AU$88.1bAU$77.2bAU$5.2b19.5x16.9x1.1x
Tue, 30 Apr 2024AU$88.2bAU$77.6bAU$5.2b20.2x16.9x1.1x
Thu, 28 Mar 2024AU$89.9bAU$83.9bAU$5.2b20.5x17.1x1.1x
Sat, 24 Feb 2024AU$85.2bAU$81.5bAU$5.2b19.4x16.5x1x
Mon, 22 Jan 2024AU$80.8bAU$64.4bAU$4.7b19.9x17.4x1.3x
Wed, 20 Dec 2023AU$77.9bAU$63.9bAU$4.6b18.7x16.8x1.2x
Fri, 17 Nov 2023AU$78.1bAU$64.7bAU$4.7b19.1x16.7x1.2x
Sun, 15 Oct 2023AU$79.6bAU$65.5bAU$4.7b18.8x16.8x1.2x
Tue, 12 Sep 2023AU$79.5bAU$65.0bAU$4.7b19.1x16.9x1.2x
Thu, 10 Aug 2023AU$79.3bAU$59.2bAU$3.7b31.6x21.5x1.3x
Sat, 08 Jul 2023AU$62.2bAU$40.4bAU$2.5b33.8x24.6x1.5x
Price to Earnings Ratio

24.6x


Total Market Cap: AU$62.2bTotal Earnings: AU$2.5bTotal Revenue: AU$40.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Australian Insurance Industry Price to Earnings3Y Average 16.7x202420252026
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 16.7x.
  • The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 1.4x.
Past Earnings Growth
  • The earnings for companies in the Insurance industry have grown 36% per year over the last three years.
  • Revenues for these companies have grown 24% 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 Market0.033%
Financials0.071%
Insurance1.42%
Insurance Brokers1.44%
Life and Health Insurance1.44%
Property and Casualty Insurance1.41%
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 29.5x.
    • Analysts are expecting annual earnings growth of 13.5%, 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 14.7x.
Forecasted Growth
  • Analysts are most optimistic on the Life and Health Insurance industry, expecting annual earnings growth of 13% 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 4.3% 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
QBE QBE Insurance GroupAU$24.951.6%
+AU$582.3m		8.3%PE12.1x
IAG Insurance Australia GroupAU$8.042.2%
+AU$396.6m		-9.2%PE17.3x
SUN Suncorp GroupAU$19.201.4%
+AU$286.2m		-10.9%PE20.6x
SDF Steadfast GroupAU$5.103.0%
+AU$166.4m		-14.7%PE15.9x
MPL Medibank PrivateAU$4.921.2%
+AU$165.2m		-2.8%PE29.2x

Latest News

QBE
AU$24.95
QBE Insurance Group
7D
1.6%
1Y
8.3%
New Narrative • Jun 29

Catastrophe Exposure And Rising Tech Expenses Will Threaten Margins And Earnings Resilience

Catalysts About QBE Insurance Group QBE Insurance Group is a global commercial P&C insurer and reinsurer with operations across North America, International and Australia Pacific. What are the underlying business or industry changes driving this perspective?
IAG
AU$8.04
Insurance Australia Group
7D
2.2%
1Y
-9.2%
SDF
AU$5.10
Steadfast Group
7D
3.0%
1Y
-14.7%
NHF
AU$7.01
nib holdings
7D
1.6%
1Y
-2.1%
AUB
AU$28.16
AUB Group
7D
0.4%
1Y
-17.8%
Narrative Update • Jun 22

AUB: Sector M&A Momentum Will Support Future Repricing Potential

Analysts have inched up their fair value estimate for AUB Group, lifting the implied price target from about A$34.33 to A$34.34 as they fine tune assumptions around discount rates, revenue growth, profit margins and future P/E multiples. Analyst Commentary Recent tweaks to fair value for AUB Group reflect relatively small numerical changes, but they still offer clues about how analysts are thinking about the stock's balance between execution risk, growth assumptions and valuation support.
NOL
AU$1.24
NobleOak Life
7D
-3.5%
1Y
-15.4%
GDG
AU$3.70
Generation Development Group
7D
6.0%
1Y
-30.2%
Analysis Article • Jun 21

Generation Development Group (ASX:GDG) Shares Could Be 37.4% Undervalued After Record FY2025 Results

Generation Development Group (ASX:GDG) is back on radar after record FY2025 results and strong funds under management growth coincided with supportive Division 296 tax settings, which helped drive elevated trading and renewed investor interest. See our latest analysis for Generation Development Group. At A$3.73, Generation Development Group’s share price has seen a sharp 1-day share price return of 4.78% after record FY2025 results and strong funds under management growth, but remains under...
SUN
AU$19.20
Suncorp Group
7D
1.4%
1Y
-10.9%
MPL
AU$4.92
Medibank Private
7D
1.2%
1Y
-2.8%
Narrative Update • Jun 12

MPL: Future Margins And P/E Assumptions Point To Fairly Balanced Outlook

Analysts have slightly reduced their Medibank Private price target to A$5.03, reflecting updated assumptions around discount rates, margins and future P/E multiples, while keeping the overall narrative broadly unchanged. What's in the News There are currently no recent Medibank Private specific news items provided in the source set, so price target changes are being assessed primarily against internal analyst assumptions rather than new company announcements.