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Brazilian (BOVESPA) Insurance Industry Analysis

UpdatedJul 06, 2026
DataAggregated Company Financials
Companies5
  • 7D1.3%
  • 3M8.5%
  • 1Y12.9%
  • YTD13.9%

Over the last 7 days, the Insurance industry has risen 1.3%, driven by gains from Caixa Seguridade Participações of 4.2%. This takes the industry's 12 month performance to a gain of 13%. Looking forward, 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
Mon, 06 Jul 2026R$177.1bR$67.2bR$17.8b9.4x9.9x2.6x
Wed, 03 Jun 2026R$158.2bR$67.1bR$17.8b8.5x8.9x2.4x
Fri, 01 May 2026R$156.1bR$66.0bR$17.3b9.4x9x2.4x
Sun, 29 Mar 2026R$155.9bR$66.0bR$17.3b9.2x9x2.4x
Tue, 24 Feb 2026R$159.5bR$66.0bR$17.5b9.2x9.1x2.4x
Thu, 22 Jan 2026R$153.8bR$63.6bR$17.3b8.4x8.9x2.4x
Sat, 20 Dec 2025R$152.0bR$63.6bR$17.3b8.1x8.8x2.4x
Mon, 17 Nov 2025R$147.4bR$64.1bR$17.4b7.3x8.5x2.3x
Wed, 15 Oct 2025R$142.9bR$62.5bR$17.2b7.2x8.3x2.3x
Fri, 12 Sep 2025R$142.2bR$61.5bR$17.2b7.1x8.3x2.3x
Sun, 10 Aug 2025R$146.6bR$61.2bR$16.6b7.5x8.8x2.4x
Tue, 08 Jul 2025R$154.5bR$61.0bR$16.3b8.1x9.5x2.5x
Thu, 05 Jun 2025R$152.4bR$61.0bR$16.3b8.1x9.3x2.5x
Sat, 03 May 2025R$165.1bR$60.1bR$16.1b9.4x10.3x2.7x
Mon, 31 Mar 2025R$155.1bR$60.1bR$16.1b9x9.6x2.6x
Wed, 26 Feb 2025R$149.3bR$60.0bR$15.8b8.6x9.4x2.5x
Fri, 24 Jan 2025R$147.0bR$59.8bR$15.4b8.7x9.5x2.5x
Sun, 22 Dec 2024R$144.4bR$59.8bR$15.4b8.3x9.4x2.4x
Tue, 19 Nov 2024R$136.1bR$58.4bR$15.4b7.6x8.8x2.3x
Thu, 17 Oct 2024R$137.3bR$58.9bR$14.8b9.6x9.3x2.3x
Sat, 14 Sep 2024R$142.5bR$58.9bR$14.8b9x9.6x2.4x
Mon, 12 Aug 2024R$136.2bR$57.6bR$14.9b8.4x9.2x2.4x
Wed, 10 Jul 2024R$131.3bR$57.2bR$14.6b8x9x2.3x
Fri, 07 Jun 2024R$132.9bR$57.2bR$14.6b8x9.1x2.3x
Sun, 05 May 2024R$139.1bR$55.7bR$13.8b8.3x10.1x2.5x
Tue, 02 Apr 2024R$135.6bR$55.8bR$13.8b8.5x9.8x2.4x
Thu, 29 Feb 2024R$132.1bR$57.9bR$13.9b11.2x9.5x2.3x
Sat, 27 Jan 2024R$141.9bR$80.0bR$13.5b17.5x10.5x1.8x
Mon, 25 Dec 2023R$137.5bR$80.0bR$13.5b15.5x10.2x1.7x
Wed, 22 Nov 2023R$128.9bR$81.8bR$13.2b9.7x9.8x1.6x
Fri, 20 Oct 2023R$126.8bR$79.0bR$12.3b10.1x10.3x1.6x
Sun, 17 Sep 2023R$128.8bR$79.0bR$12.3b10.2x10.5x1.6x
Tue, 15 Aug 2023R$129.1bR$78.1bR$11.8b10x11x1.7x
Thu, 13 Jul 2023R$125.0bR$77.5bR$10.8b14.5x11.6x1.6x
Price to Earnings Ratio

11.6x


Total Market Cap: R$125.0bTotal Earnings: R$10.8bTotal Revenue: R$77.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Insurance Industry Price to Earnings3Y Average 9.5x202420252026
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 9.5x.
  • The 3-year average PS ratio of 2.3x is lower than the industry's current PS ratio of 2.6x.
Past Earnings Growth
  • The earnings for companies in the Insurance industry have grown 18% per year over the last three years.
  • Meanwhile revenues for these companies have declined 4.7% 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 Market0.27%
Financials1.09%
Insurance1.33%
Insurance Brokers4.57%
General Insurance1.37%
Reinsurance-1.01%
Industry PE
  • Investors are most optimistic about the Reinsurance industry even though it's trading below its 3-year average PE ratio of 15.2x.
    • Analysts are expecting annual earnings growth of 21.8%, which is higher than its past year's earnings decline of 50.2% per year.
  • Investors are most pessimistic about the Insurance Brokers industry, which is trading below its 3-year average of 9.5x.
Forecasted Growth
  • Analysts are most optimistic on the Reinsurance industry, expecting annual earnings growth of 22% over the next 5 years.
  • This is better than its past earnings decline of 50% per year.
  • In contrast, the General Insurance industry is expected to see its earnings grow by 4.4% 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$20.534.2%
+R$2.5b		40.1%PE14x
PSSA3 Porto SeguroR$54.191.7%
+R$569.9m		-1.9%PE9.4x
WIZC3 Wiz Co Participações e Corretagem de SegurosR$8.243.0%
+R$38.4m		2.4%PE6.8x
IRBR3 IRB-Brasil RessegurosR$54.770.6%
+R$26.9m		19.7%PE12.8x

Latest News

BBSE3
R$38.65
BB Seguridade Participações
7D
-1.7%
1Y
7.1%
PSSA3
R$54.19
Porto Seguro
7D
1.7%
1Y
-1.9%
Narrative Update • Jun 25

PSSA3: Index Removal And Steady Assumptions Will Support Future Upside

Analysts have maintained their R$61.00 price target for Porto Seguro, citing relatively steady fair value assumptions along with only marginal adjustments to revenue growth, profit margin, and future P/E expectations. What's in the News for Porto Seguro Porto Seguro S.A. was removed from the Brazil IBRX 50 Index, according to a recent index constituent update.
CXSE3
R$20.53
Caixa Seguridade Participações
7D
4.2%
1Y
40.1%
Narrative Update • Jun 24

CXSE3: Future Returns Will Rely On Revenue Momentum And P E Support

Analysts have nudged their fair value estimate for Caixa Seguridade Participações slightly higher to about R$19.59, reflecting updated assumptions around revenue growth, profit margin and future P/E multiples. What’s in the News for Caixa Seguridade Participações No recent news items for Caixa Seguridade Participações were identified in the provided sources.
WIZC3
R$8.24
Wiz Co Participações e Corretagem de Seguros
7D
3.0%
1Y
2.4%
Narrative Update • Jun 17

WIZC3: Stronger Margin Outlook Will Support Bullish Fair Value Case

Analysts kept their R$10.00 price target for Wiz Co Participações e Corretagem de Seguros unchanged, explaining that slightly softer revenue growth assumptions were offset by a modestly stronger profit margin outlook and a marginally lower future P/E estimate. What’s in the News for Wiz Co Participações e Corretagem de Seguros No recent company specific news items for Wiz Co Participações e Corretagem de Seguros were identified in the primary news sources.
IRBR3
R$54.77
IRB-Brasil Resseguros
7D
0.6%
1Y
19.7%
Narrative Update • Jun 16

IRBR3: Index Exit And Remote Meeting Will Support Bullish Stock Outlook

Analysts have slightly reduced their price target for IRB-Brasil Resseguros, trimming fair value from about R$60.71 to roughly R$60.43, citing updated assumptions on revenue growth, profit margins, and future P/E as key drivers of the change. What’s in the News for IRB-Brasil Resseguros IRB-Brasil Resseguros S.A. is scheduled to hold a Special and Extraordinary Shareholders Meeting on April 15, 2026, to be conducted exclusively remotely via ten meetings in Brazil.