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Brazilian (BOVESPA) Insurance Industry Analysis

UpdatedDec 01, 2022
DataAggregated Company Financials
Companies8
  • 7D0.7%
  • 3M0.1%
  • 1Y12.9%
  • YTD13.8%

Over the last 7 days, the Insurance industry has remained flat, although notably Porto Seguro gained 4.8%. As for the the longer term, the industry is up 13% over the past 12 months. Looking forward, earnings are forecast to grow by 15% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 01 Dec 2022R$113.8bR$72.2bR$8.5b12.5x13.4x1.6x
Sat, 29 Oct 2022R$111.2bR$68.5bR$7.7b15.9x14.4x1.6x
Mon, 26 Sep 2022R$113.7bR$68.5bR$7.7b15.7x14.8x1.7x
Wed, 24 Aug 2022R$112.9bR$68.5bR$7.7b14.9x14.7x1.6x
Fri, 22 Jul 2022R$101.1bR$65.0bR$7.4b13.3x13.6x1.6x
Sun, 19 Jun 2022R$97.2bR$65.0bR$7.4b12x13.1x1.5x
Tue, 17 May 2022R$101.5bR$65.2bR$7.4b12.3x13.7x1.6x
Thu, 14 Apr 2022R$107.4bR$63.3bR$7.2b13.2x14.9x1.7x
Sat, 12 Mar 2022R$100.0bR$63.1bR$7.2b11.9x13.8x1.6x
Mon, 07 Feb 2022R$100.2bR$58.3bR$6.5b12.1x15.5x1.7x
Wed, 05 Jan 2022R$94.3bR$58.3bR$6.5b10.6x14.6x1.6x
Fri, 03 Dec 2021R$96.0bR$58.3bR$6.5b10.8x14.8x1.6x
Sun, 31 Oct 2021R$104.1bR$57.2bR$7.0b11.8x14.9x1.8x
Tue, 28 Sep 2021R$104.0bR$57.2bR$7.0b10.8x14.9x1.8x
Thu, 26 Aug 2021R$109.5bR$57.2bR$7.0b10.5x15.7x1.9x
Fri, 02 Jul 2021R$134.4bR$57.2bR$7.0b12.3x19.3x2.3x
Mon, 05 Apr 2021R$87.1bR$55.7bR$5.2b10.4x16.6x1.6x
Thu, 07 Jan 2021R$104.3bR$54.7bR$5.1b9.3x20.6x1.9x
Wed, 30 Sep 2020R$90.9bR$53.1bR$7.0b10.6x13x1.7x
Sat, 04 Jul 2020R$100.7bR$52.3bR$9.3b13x10.8x1.9x
Tue, 07 Apr 2020R$88.2bR$52.2bR$10.0b9.8x8.8x1.7x
Fri, 10 Jan 2020R$157.9bR$52.3bR$10.5b21.4x15x3x
Price to Earnings Ratio

15.1x


Total Market Cap: R$145.9bTotal Earnings: R$9.6bTotal Revenue: R$54.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Insurance Industry Price to Earnings3Y Average 14.5x202020212022
Current Industry PE
  • Investors are relatively neutral on the Brazilian Insurance industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 14.5x.
  • The 3-year average PS ratio of 1.9x is higher than the industry's current PS ratio of 1.6x.
Past Earnings Growth
  • The earnings for companies in the Insurance industry have declined 4.0% per year over the last three years.
  • Meanwhile revenues for these companies have grown 9.6% 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 Financials industry?

BR Market1.66%
Financials0.75%
Insurance0.67%
Insurance Brokers0.87%
General Insurance0.70%
Life and Health Insurance0%
Property and Casualty Insurance0%
Reinsurance-1.32%
Industry PE
  • Investors are most optimistic about the General Insurance industry, which is trading close to its 3-year average PE ratio of 12.2x.
    • Analysts are expecting annual earnings growth of 14.5%, which is higher than its past year's earnings growth of 9.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Reinsurance industry, expecting annual earnings growth of 62% over the next 5 years.
  • In contrast, the Insurance Brokers industry is expected to see its earnings grow by 7.7% 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
PSSA3 Porto SeguroR$23.914.8%
+R$695.4m
10.2%PE13.7x
SULA11 Sul AméricaR$22.082.0%
+R$172.5m
-9.3%PE48.8x
WIZS3 Wiz Soluções e Corretagem de SegurosR$7.831.0%
+R$12.8m
0.9%PE8x
APER3 Alper Consultoria e Corretora de SegurosR$28.050.5%
+R$2.7m
2.4%PE28x
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