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Brazilian (BOVESPA) Insurance Industry Analysis

UpdatedDec 24, 2025
DataAggregated Company Financials
Companies5
  • 7D0.05%
  • 3M5.7%
  • 1Y7.4%
  • YTD8.8%

Over the last 7 days, the Insurance industry has dropped 3.2%, driven by Porto Seguro declining 6.3%. Over the past 12 months, the industry was up 5.5%. Earnings are forecast to grow by 4.9% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 24 Dec 2025R$151.6bR$63.6bR$17.3b8.2x8.7x2.4x
Fri, 21 Nov 2025R$146.2bR$63.5bR$17.3b7.4x8.4x2.3x
Sun, 19 Oct 2025R$141.3bR$62.5bR$17.2b7.2x8.2x2.3x
Tue, 16 Sep 2025R$141.7bR$61.5bR$17.2b7.1x8.3x2.3x
Thu, 14 Aug 2025R$149.8bR$61.6bR$17.0b7.6x8.8x2.4x
Sat, 12 Jul 2025R$151.2bR$61.0bR$16.3b7.9x9.3x2.5x
Mon, 09 Jun 2025R$154.1bR$61.0bR$16.3b8.2x9.5x2.5x
Wed, 07 May 2025R$154.5bR$60.1bR$16.0b8.7x9.6x2.6x
Fri, 04 Apr 2025R$157.0bR$60.1bR$16.1b9.2x9.8x2.6x
Sun, 02 Mar 2025R$148.2bR$59.7bR$16.1b8.4x9.2x2.5x
Tue, 28 Jan 2025R$147.1bR$59.8bR$15.4b8.8x9.6x2.5x
Thu, 26 Dec 2024R$143.6bR$59.8bR$15.4b8.3x9.3x2.4x
Sat, 23 Nov 2024R$136.6bR$59.8bR$15.4b7.7x8.9x2.3x
Mon, 21 Oct 2024R$137.0bR$58.9bR$14.8b9.2x9.2x2.3x
Wed, 18 Sep 2024R$142.0bR$58.9bR$14.8b9x9.6x2.4x
Fri, 16 Aug 2024R$141.5bR$58.0bR$14.5b8.6x9.7x2.4x
Sun, 14 Jul 2024R$134.2bR$57.2bR$14.6b8.2x9.2x2.3x
Tue, 11 Jun 2024R$131.6bR$57.2bR$14.6b7.9x9x2.3x
Thu, 09 May 2024R$138.2bR$55.9bR$14.0b8.2x9.9x2.5x
Sat, 06 Apr 2024R$137.6bR$56.2bR$13.8b8.5x10x2.4x
Mon, 04 Mar 2024R$131.9bR$56.8bR$13.9b11.3x9.5x2.3x
Wed, 31 Jan 2024R$141.5bR$80.0bR$13.5b17.5x10.5x1.8x
Fri, 29 Dec 2023R$138.6bR$80.0bR$13.5b17.4x10.3x1.7x
Sun, 26 Nov 2023R$130.3bR$80.6bR$13.5b15.5x9.6x1.6x
Tue, 24 Oct 2023R$127.0bR$79.0bR$12.3b10.2x10.3x1.6x
Thu, 21 Sep 2023R$129.9bR$79.0bR$12.3b10.2x10.5x1.6x
Sat, 19 Aug 2023R$122.8bR$77.2bR$12.3b9.5x10x1.6x
Mon, 17 Jul 2023R$124.1bR$77.5bR$10.8b14.2x11.5x1.6x
Wed, 14 Jun 2023R$123.4bR$77.7bR$10.8b13.2x11.4x1.6x
Fri, 12 May 2023R$126.3bR$75.4bR$10.1b13.4x12.5x1.7x
Sun, 09 Apr 2023R$122.3bR$75.0bR$9.8b13.2x12.5x1.6x
Tue, 07 Mar 2023R$124.1bR$74.9bR$9.5b14.7x13.1x1.7x
Thu, 02 Feb 2023R$128.2bR$72.2bR$8.5b14x15x1.8x
Sat, 31 Dec 2022R$119.8bR$72.2bR$8.5b12.8x14.1x1.7x
Price to Earnings Ratio

14.1x


Total Market Cap: R$119.8bTotal Earnings: R$8.5bTotal Revenue: R$72.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Insurance Industry Price to Earnings3Y Average 10.1x202320242025
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 8.8x which is lower than its 3-year average PE of 10.1x.
  • The 3-year average PS ratio of 2.1x is lower than the industry's current PS ratio of 2.4x.
Past Earnings Growth
  • The earnings for companies in the Insurance industry have grown 27% per year over the last three years.
  • Meanwhile revenues for these companies have declined 4.2% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

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

BR Market-0.59%
Financials1.24%
Insurance0.048%
Insurance Brokers7.13%
Reinsurance1.23%
General Insurance-0.052%
Industry PE
  • Investors are most optimistic about the General Insurance industry even though it's trading below its 3-year average PE ratio of 9.8x.
    • Analysts are expecting annual earnings growth of 4.6%, which is lower than the prior year's growth of 20.7% per year.
  • Investors are most pessimistic about the Insurance Brokers industry, which is trading below its 3-year average of 9.9x.
Forecasted Growth
  • Analysts are most optimistic on the Insurance Brokers industry, expecting annual earnings growth of 16% over the next 5 years.
  • This is better than its past earnings growth rate of 5.8% per year.
  • In contrast, the General Insurance industry is expected to see its earnings grow by 4.6% 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
BBSE3 BB Seguridade ParticipaçõesR$35.550.9%
+R$601.8m		-2.6%PE7.7x
CXSE3 Caixa Seguridade ParticipaçõesR$16.260.4%
+R$210.0m		8.8%PE11.1x
WIZC3 Wiz Co Participações e Corretagem de SegurosR$9.017.1%
+R$95.9m		61.2%PE7.6x
IRBR3 IRB-Brasil RessegurosR$53.651.2%
+R$53.2m		39.4%PE8.2x

Latest News

WIZC3
R$9.01
Wiz Co Participações e Corretagem de Seguros
7D
7.1%
1Y
61.2%
BBSE3
R$35.55
BB Seguridade Participações
7D
0.9%
1Y
-2.6%

BBSE3: Governance And Earnings Quality Will Support Balanced Future Returns

Analysts have raised their price target on BB Seguridade Participações slightly to R$38.67, citing a stable discount rate, revenue growth expectations, and profit margin forecasts that continue to support a premium future P/E multiple. What's in the News The Board of Directors has scheduled a meeting for November 28, 2025 to decide on maintaining KPMG as the external audit firm for the 2026 fiscal year, in conjunction with Banco do Brasil (Key Developments).
IRBR3
R$53.65
IRB-Brasil Resseguros
7D
1.2%
1Y
39.4%
CXSE3
R$16.26
Caixa Seguridade Participações
7D
0.4%
1Y
8.8%
PSSA3
R$47.78
Porto Seguro
7D
-2.8%
1Y
28.6%