Brazilian (BOVESPA) Insurance Industry Analysis
UpdatedDec 04, 2023
DataAggregated Company Financials
Companies8
- 7D0.07%
- 3M-0.06%
- 1Y9.0%
- YTD8.1%
Last week, the Insurance industry hasn't moved much but IRB-Brasil Resseguros is up 12% in that time. As for the the longer term, the industry is up 9.0% over the past 12 months. Looking forward, earnings are forecast to grow by 9.6% annually.
Industry Valuation and Performance
Has the Brazilian Insurance Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 05 Dec 2023 | R$129.3b | R$80.0b | R$13.5b | 17x | 9.6x | 1.6x |
| Thu, 02 Nov 2023 | R$123.8b | R$79.0b | R$12.3b | 9.7x | 10.1x | 1.6x |
| Sat, 30 Sep 2023 | R$128.1b | R$79.0b | R$12.3b | 9.9x | 10.4x | 1.6x |
| Mon, 28 Aug 2023 | R$123.9b | R$77.2b | R$12.3b | 9.4x | 10.1x | 1.6x |
| Wed, 26 Jul 2023 | R$126.2b | R$77.5b | R$10.8b | 14.5x | 11.7x | 1.6x |
| Fri, 23 Jun 2023 | R$123.3b | R$77.5b | R$10.8b | 13.6x | 11.4x | 1.6x |
| Sun, 21 May 2023 | R$119.7b | R$77.7b | R$10.8b | 11.3x | 11.1x | 1.5x |
| Tue, 18 Apr 2023 | R$126.8b | R$75.0b | R$9.8b | 13.6x | 12.9x | 1.7x |
| Thu, 16 Mar 2023 | R$118.9b | R$70.5b | R$9.8b | 14x | 12.1x | 1.7x |
| Sat, 11 Feb 2023 | R$126.3b | R$72.9b | R$9.1b | 13.6x | 13.9x | 1.7x |
| Mon, 09 Jan 2023 | R$118.6b | R$72.2b | R$8.5b | 12.7x | 13.9x | 1.6x |
| Wed, 07 Dec 2022 | R$115.0b | R$72.2b | R$8.5b | 12.5x | 13.5x | 1.6x |
| Fri, 04 Nov 2022 | R$114.2b | R$68.5b | R$7.7b | 16.6x | 14.8x | 1.7x |
| Sun, 02 Oct 2022 | R$104.4b | R$68.5b | R$7.7b | 15x | 13.6x | 1.5x |
| Tue, 30 Aug 2022 | R$112.4b | R$68.5b | R$7.7b | 15.9x | 14.6x | 1.6x |
| Thu, 28 Jul 2022 | R$104.4b | R$65.0b | R$7.4b | 13.9x | 14.1x | 1.6x |
| Sat, 25 Jun 2022 | R$96.3b | R$65.0b | R$7.4b | 11.9x | 13x | 1.5x |
| Mon, 23 May 2022 | R$102.3b | R$65.2b | R$7.4b | 12.3x | 13.8x | 1.6x |
| Wed, 20 Apr 2022 | R$108.4b | R$63.3b | R$7.2b | 13.2x | 15x | 1.7x |
| Fri, 18 Mar 2022 | R$102.2b | R$63.2b | R$7.2b | 12.2x | 14.2x | 1.6x |
| Sun, 13 Feb 2022 | R$103.2b | R$59.5b | R$6.9b | 11.6x | 14.9x | 1.7x |
| Tue, 11 Jan 2022 | R$90.0b | R$58.3b | R$6.5b | 10.3x | 13.9x | 1.5x |
| Thu, 09 Dec 2021 | R$101.4b | R$58.3b | R$6.5b | 10.9x | 15.7x | 1.7x |
| Sat, 06 Nov 2021 | R$108.0b | R$57.2b | R$7.0b | 12.2x | 15.5x | 1.9x |
| Mon, 04 Oct 2021 | R$101.6b | R$57.2b | R$7.0b | 10.9x | 14.6x | 1.8x |
| Wed, 01 Sep 2021 | R$107.5b | R$57.2b | R$7.0b | 10.3x | 15.4x | 1.9x |
| Thu, 08 Jul 2021 | R$134.4b | R$57.2b | R$7.0b | 12.3x | 19.3x | 2.3x |
| Wed, 31 Mar 2021 | R$87.1b | R$55.7b | R$5.2b | 10.4x | 16.6x | 1.6x |
| Sat, 02 Jan 2021 | R$104.3b | R$54.7b | R$5.1b | 9.3x | 20.6x | 1.9x |
Price to Earnings Ratio
20.6x
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 9.6x which is lower than its 3-year average PE of 14.5x.
- The industry is trading close to its 3-year average PS ratio of 1.7x.
Past Earnings Growth
- The earnings for companies in the Insurance industry have grown 25% per year over the last three years.
- Revenues for these companies have grown 15% 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 Brazilian Financials industry?
| BR Market | 2.41% | |
| Financials | 3.03% | |
| Insurance | 0.068% | |
| Reinsurance | 14.62% | |
| Insurance Brokers | 4.45% | |
| Life and Health Insurance | 0% | |
| Property and Casualty Insurance | 0% | |
| General Insurance | -0.45% | |
Industry PE
- Investors are most optimistic about the Reinsurance industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 56.9% and investors are willing to pay a premium for that growth.
- Investors are most pessimistic about the General Insurance industry, which is trading below its 3-year average of 12.2x.
Forecasted Growth
- Analysts are most optimistic on the Reinsurance industry, expecting annual earnings growth of 57% over the next 5 years.
- In contrast, the General Insurance industry is expected to see its earnings grow by 7.8% 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 | |
|---|---|---|---|---|---|
| IRBR3 IRB-Brasil Resseguros | R$53.63 | 12.4% +R$482.8m | 170.9% | PE116.6x | |
| PSSA3 Porto Seguro | R$28.49 | 2.6% +R$461.6m | 22.7% | PE8.4x | |
| WIZC3 Wiz Co Participações e Corretagem de Seguros | R$6.25 | 7.9% +R$73.6m | -23.5% | PE10.3x |