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Brazilian (BOVESPA) Insurance Industry Analysis

UpdatedNov 28, 2021
DataAggregated Company Financials
Companies8
  • 7D-4.2%
  • 3M-6.7%
  • 1Y-26.1%
  • YTD-23.4%

Over the last 7 days, the Insurance industry has dropped 2.6%, driven by pullbacks in Caixa Seguridade Participações and BB Seguridade Participações of 3.7% and 2.0%, respectively. However, the industry is down 24% over the past year.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPE
Mon, 29 Nov 2021R$101.4bR$58.3bR$6.5b11.1x
Wed, 27 Oct 2021R$107.8bR$57.2bR$7.0b11.9x
Fri, 24 Sep 2021R$101.3bR$57.2bR$7.0b10.4x
Sun, 22 Aug 2021R$110.6bR$57.2bR$7.0b10.7x
Fri, 09 Jul 2021R$134.4bR$57.2bR$7.0b12.3x
Thu, 01 Apr 2021R$87.1bR$55.7bR$5.2b10.4x
Sun, 03 Jan 2021R$104.3bR$54.7bR$5.1b9.3x
Wed, 07 Oct 2020R$90.9bR$53.1bR$7.0b10.6x
Tue, 30 Jun 2020R$100.7bR$52.3bR$9.3b13x
Fri, 03 Apr 2020R$88.2bR$52.2bR$10.0b9.8x
Mon, 06 Jan 2020R$157.9bR$52.3bR$10.5b21.4x
Thu, 10 Oct 2019R$144.8bR$54.8bR$9.6b14.7x
Wed, 03 Jul 2019R$128.7bR$54.4bR$7.4b15.8x
Sat, 06 Apr 2019R$112.1bR$54.2bR$7.2b13.8x
Tue, 08 Jan 2019R$110.5bR$52.9bR$6.9b14.2x
PE Ratio

14.6x

Total Market Cap: R$108.5bTotal Earnings: R$7.0bTotal Revenue: R$51.6b0%0%0%3 Year10 Year
201920202021

Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 13.3x. It appears they believe that earnings will grow in-line with historical growth rates.

Past Earnings Growth: The earnings for companies in the Insurance industry have declined 2.7% per year over the last three years, while revenues for these companies have grown 4.1% per year. This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Brazilian Insurance industry?

Insurance Brokers2.44%
Reinsurance0.49%
General Insurance-4.59%

Industry PE: Investors are most optimistic about the General Insurance industry even though it's trading below its 3-year average PE ratio of 13.7x. This is likely because analysts are expecting annual earnings growth of 22%, which is higher than its past year's earnings decline of 12% per year. Meanwhile, investors are most pessimistic about the Insurance Brokers industry, which is trading below its 3-year average of 402x.

Forecasted Growth: Analysts are most optimistic on the Reinsurance industry, expecting annual earnings growth of 68% over the next 5 years. Meanwhile, the Insurance Brokers industry is expected to see its earnings grow by 8.8% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

Company7D1YValuation
IRBR3 IRB-Brasil Resseguros0.5%+R$25.1m-39.3%PS0.6x
APER3 Alper Consultoria e Corretora de Seguros5.3%+R$22.8m-8.0%PS3.6x
WIZS3 Wiz Soluções e Corretagem de Seguros1.5%+R$20.8m-5.5%PE7.5x
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