Suncorp Group Limited's (ASX:SUN) Shares Lagging The Market But So Is The Business
May 22
Australian (ASX) Insurance Industry Analysis
UpdatedJun 01, 2024
DataAggregated Company Financials
Companies11
- 7D-0.3%
- 3M2.1%
- 1Y14.8%
- YTD12.7%
The Insurance industry has been flat over the last week, but Insurance Australia Group has lost 3.6%. As for the the longer term, the industry is up 15% over the past 12 months. Earnings are forecast to grow by 6.4% annually.
Industry Valuation and Performance
Has the Australian Insurance Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 01 Jun 2024 | AU$88.1b | AU$77.2b | AU$5.2b | 19.5x | 16.9x | 1.1x |
| Mon, 29 Apr 2024 | AU$87.6b | AU$77.8b | AU$5.2b | 20.1x | 16.7x | 1.1x |
| Wed, 27 Mar 2024 | AU$88.4b | AU$83.7b | AU$5.2b | 20x | 16.9x | 1.1x |
| Fri, 23 Feb 2024 | AU$84.6b | AU$81.0b | AU$5.0b | 19.7x | 16.9x | 1x |
| Sun, 21 Jan 2024 | AU$80.8b | AU$64.4b | AU$4.7b | 19.9x | 17.4x | 1.3x |
| Tue, 19 Dec 2023 | AU$76.3b | AU$64.1b | AU$4.6b | 18.6x | 16.5x | 1.2x |
| Thu, 16 Nov 2023 | AU$78.1b | AU$64.7b | AU$4.7b | 19.1x | 16.7x | 1.2x |
| Sat, 14 Oct 2023 | AU$79.6b | AU$65.5b | AU$4.7b | 18.8x | 16.8x | 1.2x |
| Mon, 11 Sep 2023 | AU$79.0b | AU$65.2b | AU$4.7b | 19.3x | 16.7x | 1.2x |
| Wed, 09 Aug 2023 | AU$80.1b | AU$57.1b | AU$3.4b | 31.1x | 23.5x | 1.4x |
| Fri, 07 Jul 2023 | AU$63.0b | AU$40.6b | AU$2.5b | 35.5x | 24.8x | 1.6x |
| Sun, 04 Jun 2023 | AU$76.0b | AU$56.8b | AU$3.4b | 31x | 22.4x | 1.3x |
| Tue, 02 May 2023 | AU$75.2b | AU$56.6b | AU$3.4b | 34.8x | 22.3x | 1.3x |
| Thu, 30 Mar 2023 | AU$70.5b | AU$56.5b | AU$3.4b | 37x | 20.9x | 1.2x |
| Sat, 25 Feb 2023 | AU$74.3b | AU$56.2b | AU$3.4b | 40.1x | 22.2x | 1.3x |
| Mon, 23 Jan 2023 | AU$69.4b | AU$52.7b | AU$2.4b | 33.9x | 28.6x | 1.3x |
| Wed, 21 Dec 2022 | AU$66.8b | AU$53.5b | AU$2.5b | 32.7x | 27.3x | 1.2x |
| Fri, 18 Nov 2022 | AU$65.5b | AU$53.3b | AU$2.4b | 31.2x | 26.8x | 1.2x |
| Sun, 16 Oct 2022 | AU$65.1b | AU$54.9b | AU$2.5b | 28.4x | 26.1x | 1.2x |
| Tue, 13 Sep 2022 | AU$66.6b | AU$53.1b | AU$2.4b | 30.9x | 27.3x | 1.3x |
| Thu, 11 Aug 2022 | AU$65.6b | AU$54.2b | AU$2.8b | 26.8x | 23.3x | 1.2x |
| Sat, 09 Jul 2022 | AU$63.1b | AU$53.5b | AU$3.1b | 25.1x | 20.5x | 1.2x |
| Mon, 06 Jun 2022 | AU$63.0b | AU$52.4b | AU$3.0b | 24.9x | 20.8x | 1.2x |
| Wed, 04 May 2022 | AU$63.8b | AU$52.9b | AU$3.1b | 24.7x | 20.9x | 1.2x |
| Fri, 01 Apr 2022 | AU$61.6b | AU$51.7b | AU$3.0b | 24.4x | 20.6x | 1.2x |
| Sun, 27 Feb 2022 | AU$62.9b | AU$52.3b | AU$3.0b | 23.5x | 20.7x | 1.2x |
| Tue, 25 Jan 2022 | AU$62.2b | AU$51.8b | AU$908.2m | 29.1x | 68.5x | 1.2x |
| Thu, 23 Dec 2021 | AU$62.0b | AU$52.0b | AU$902.4m | 30.1x | 68.7x | 1.2x |
| Sat, 20 Nov 2021 | AU$64.3b | AU$51.7b | AU$913.1m | 29.8x | 70.4x | 1.2x |
| Mon, 18 Oct 2021 | AU$66.1b | AU$51.3b | AU$925.0m | 28.6x | 71.4x | 1.3x |
| Wed, 15 Sep 2021 | AU$66.9b | AU$51.1b | AU$930.6m | 28.4x | 71.9x | 1.3x |
| Fri, 13 Aug 2021 | AU$68.4b | AU$51.1b | AU$930.6m | 27.2x | 73.5x | 1.3x |
| Tue, 08 Jun 2021 | AU$60.4b | AU$49.9b | AU$406.3k | 23.1x | 148591.8x | 1.2x |
Price to Earnings Ratio
148591.8x
Current Industry PE
- Investors are pessimistic on the Australian 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 16.9x which is lower than its 3-year average PE of 31.8x.
- 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 2,240% per year over the last three years.
- Revenues for these companies have grown 16% 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 | -0.34% | |
| Financials | -0.14% | |
| Insurance | -0.28% | |
| Life and Health Insurance | 3.15% | |
| General Insurance | 0% | |
| Reinsurance | 0% | |
| Insurance Brokers | -0.61% | |
| Property and Casualty Insurance | -1.01% | |
Industry PE
- Investors are most optimistic about the Insurance Brokers industry, which is trading close to its 3-year average PE ratio of 33.7x.
- Analysts are expecting annual earnings growth of 11.3%, which is lower than the prior year's growth of 101.6% per year.
- Investors are most pessimistic about the Property and Casualty Insurance industry, which is trading below its 3-year average of 193x.
Forecasted Growth
- Analysts are most optimistic on the Insurance Brokers industry, expecting annual earnings growth of 11% over the next 5 years.
- However this is lower than its past earnings growth rate of 102% per year.
- In contrast, the Life and Health Insurance industry is expected to see its earnings grow by 2.0% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| MPL Medibank Private | AU$3.72 | 2.8% +AU$275.4m | 3.9% | PE14.9x | |
| NHF nib holdings | AU$7.44 | 5.4% +AU$184.3m | -11.1% | PE16.8x | |
| AUB AUB Group | AU$29.55 | -1.3% AU$171.5m | 17.8% | PE29.4x | |
| QBE QBE Insurance Group | AU$17.80 | 0.1% +AU$30.0m | 21.8% | PE13.6x | |
| PSI PSC Insurance Group | AU$6.05 | 0.3% +AU$7.3m | 28.2% | PE34.5x |
