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Brazilian (BOVESPA) Insurance Industry Analysis

UpdatedOct 14, 2024
DataAggregated Company Financials
Companies5
  • 7D-2.7%
  • 3M2.6%
  • 1Y17.9%
  • YTD7.2%

Over the last 7 days, the Insurance industry has dropped 2.7%, driven by a pullback from BB Seguridade Participações of 1.3%. In the past year, the industry has gained 18%. Looking forward, earnings are forecast to grow by 7.4% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 15 Oct 2024R$136.1bR$58.9bR$14.8b9.4x9.2x2.3x
Thu, 12 Sep 2024R$144.7bR$58.9bR$14.8b8.9x9.8x2.5x
Sat, 10 Aug 2024R$136.2bR$57.5bR$14.9b8.4x9.2x2.4x
Mon, 08 Jul 2024R$132.0bR$57.2bR$14.6b8x9x2.3x
Wed, 05 Jun 2024R$130.8bR$57.2bR$14.6b7.9x9x2.3x
Fri, 03 May 2024R$136.5bR$55.7bR$13.8b8.3x9.9x2.5x
Sun, 31 Mar 2024R$136.3bR$55.8bR$13.8b8.5x9.9x2.4x
Tue, 27 Feb 2024R$132.0bR$57.9bR$13.9b11.3x9.5x2.3x
Thu, 25 Jan 2024R$144.0bR$80.0bR$13.5b17.8x10.7x1.8x
Sat, 23 Dec 2023R$137.5bR$80.0bR$13.5b15.5x10.2x1.7x
Mon, 20 Nov 2023R$128.4bR$81.8bR$13.2b9.6x9.8x1.6x
Wed, 18 Oct 2023R$127.5bR$79.0bR$12.3b10x10.4x1.6x
Fri, 15 Sep 2023R$128.9bR$79.0bR$12.3b10.2x10.5x1.6x
Sun, 13 Aug 2023R$129.0bR$77.9bR$11.2b14x11.5x1.7x
Tue, 11 Jul 2023R$126.6bR$77.5bR$10.8b14.5x11.7x1.6x
Thu, 08 Jun 2023R$123.9bR$77.7bR$10.8b12.8x11.5x1.6x
Sat, 06 May 2023R$123.9bR$75.0bR$9.8b13.4x12.6x1.7x
Mon, 03 Apr 2023R$118.5bR$75.0bR$9.8b13.2x12.1x1.6x
Wed, 01 Mar 2023R$122.7bR$74.7bR$9.1b13.1x13.5x1.6x
Fri, 27 Jan 2023R$128.1bR$72.2bR$8.5b13.7x15x1.8x
Sun, 25 Dec 2022R$119.6bR$72.2bR$8.5b12.7x14x1.7x
Tue, 22 Nov 2022R$110.2bR$69.1bR$8.3b12.8x13.3x1.6x
Thu, 20 Oct 2022R$111.1bR$68.5bR$7.7b15.5x14.4x1.6x
Sat, 17 Sep 2022R$112.4bR$68.5bR$7.7b16x14.6x1.6x
Mon, 15 Aug 2022R$115.1bR$68.2bR$7.6b15.2x15.1x1.7x
Wed, 13 Jul 2022R$95.3bR$65.0bR$7.4b12.2x12.9x1.5x
Fri, 10 Jun 2022R$99.7bR$64.9bR$7.4b11.4x13.5x1.5x
Sun, 08 May 2022R$101.0bR$63.3bR$7.2b12.7x14x1.6x
Tue, 05 Apr 2022R$111.3bR$63.3bR$7.2b13.5x15.4x1.8x
Thu, 03 Mar 2022R$104.4bR$61.1bR$6.9b11.6x15.1x1.7x
Sat, 29 Jan 2022R$99.8bR$58.3bR$6.5b11.3x15.4x1.7x
Mon, 27 Dec 2021R$96.0bR$58.3bR$6.5b10.6x14.8x1.6x
Wed, 24 Nov 2021R$103.6bR$58.3bR$6.5b10.9x16x1.8x
Fri, 22 Oct 2021R$105.0bR$57.2bR$7.0b11.5x15.1x1.8x
Price to Earnings Ratio

15.1x


Total Market Cap: R$105.0bTotal Earnings: R$7.0bTotal Revenue: R$57.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Insurance Industry Price to Earnings3Y Average 12.2x202220232024
Current Industry PE
  • Investors are pessimistic on the Brazilian 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 9.2x which is lower than its 3-year average PE of 12.3x.
  • The 3-year average PS ratio of 1.8x is lower than the industry's current PS ratio of 2.3x.
Past Earnings Growth
  • The earnings for companies in the Insurance industry have grown 29% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

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

BR Market-1.65%
Financials-1.31%
Insurance-2.71%
Insurance Brokers6.57%
Life and Health Insurance0%
Property and Casualty Insurance0%
Reinsurance-2.51%
General Insurance-2.78%
Industry PE
  • Investors are most optimistic about the Reinsurance industry which is trading above its 3-year average PE ratio of 8.5x.
    • Analysts are expecting annual earnings growth of 24.2% and investors are willing to pay a premium for that growth.
  • Investors are most pessimistic about the Insurance Brokers industry, which is trading below its 3-year average of 11.5x.
Forecasted Growth
  • Analysts are most optimistic on the Reinsurance industry, expecting annual earnings growth of 24% over the next 5 years.
  • In contrast, the Insurance Brokers industry is expected to see its earnings grow by 5.9% 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
CXSE3 Caixa Seguridade ParticipaçõesR$14.400.6%
+R$240.0m		28.3%PE12.7x
WIZC3 Wiz Co Participações e Corretagem de SegurosR$6.100.7%
+R$6.4m		21.0%PE5.6x
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R$33.97

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7D

-1.0%

1Y

7.5%

PSSA3

R$36.61

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7D

-2.0%

1Y

42.1%

CXSE3

R$14.40

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7D

0.6%

1Y

28.3%

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WIZC3

R$6.10

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7D

0.7%

1Y

21.0%