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Brazilian (BOVESPA) Insurance Industry Analysis

UpdatedSep 27, 2025
DataAggregated Company Financials
Companies5
  • 7D-1.5%
  • 3M-5.0%
  • 1Y1.9%
  • YTD1.3%

Over the last 7 days, the Insurance industry has dropped 1.5%, driven by a pullback from Porto Seguro of 5.5%. Over the last year, the industry has been flat overall. Earnings are forecast to grow by 5.2% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 27 Sep 2025R$143.6bR$61.5bR$17.2b7.1x8.4x2.3x
Mon, 25 Aug 2025R$140.8bR$61.2bR$17.2b7.1x8.2x2.3x
Wed, 23 Jul 2025R$144.2bR$61.0bR$16.3b7.6x8.8x2.4x
Fri, 20 Jun 2025R$151.9bR$61.0bR$16.3b8x9.3x2.5x
Sun, 18 May 2025R$155.9bR$61.6bR$16.4b8.5x9.5x2.5x
Tue, 15 Apr 2025R$154.9bR$60.1bR$16.1b9x9.6x2.6x
Thu, 13 Mar 2025R$149.0bR$60.1bR$16.1b8.6x9.3x2.5x
Sat, 08 Feb 2025R$152.6bR$59.8bR$15.4b9x9.9x2.6x
Mon, 06 Jan 2025R$139.4bR$59.8bR$15.4b8.2x9.1x2.3x
Wed, 04 Dec 2024R$136.7bR$59.8bR$15.4b8x8.9x2.3x
Fri, 01 Nov 2024R$139.6bR$58.9bR$14.8b9.6x9.4x2.4x
Sun, 29 Sep 2024R$140.9bR$58.9bR$14.8b9.4x9.5x2.4x
Tue, 27 Aug 2024R$144.9bR$58.4bR$14.8b8.8x9.8x2.5x
Thu, 25 Jul 2024R$134.4bR$57.2bR$14.6b8.3x9.2x2.4x
Sat, 22 Jun 2024R$130.8bR$57.2bR$14.6b8x9x2.3x
Mon, 20 May 2024R$140.0bR$57.0bR$14.6b8.3x9.6x2.5x
Wed, 17 Apr 2024R$136.7bR$56.2bR$13.8b8.3x9.9x2.4x
Fri, 15 Mar 2024R$137.7bR$58.8bR$13.9b12x9.9x2.3x
Sun, 11 Feb 2024R$128.5bR$57.6bR$13.8b11x9.3x2.2x
Tue, 09 Jan 2024R$138.6bR$80.0bR$13.5b17.2x10.3x1.7x
Thu, 07 Dec 2023R$129.3bR$80.0bR$13.5b15.5x9.6x1.6x
Sat, 04 Nov 2023R$126.5bR$79.0bR$12.3b9.8x10.3x1.6x
Mon, 02 Oct 2023R$126.6bR$79.0bR$12.3b9.9x10.3x1.6x
Wed, 30 Aug 2023R$125.1bR$77.2bR$12.3b9.7x10.2x1.6x
Fri, 28 Jul 2023R$125.6bR$77.5bR$10.8b14.3x11.6x1.6x
Sun, 25 Jun 2023R$123.0bR$77.5bR$10.8b13.7x11.4x1.6x
Tue, 23 May 2023R$119.4bR$77.7bR$10.8b11.4x11x1.5x
Thu, 20 Apr 2023R$126.2bR$75.0bR$9.8b13.8x12.9x1.7x
Sat, 18 Mar 2023R$117.5bR$70.5bR$9.8b13.8x12x1.7x
Mon, 13 Feb 2023R$126.3bR$72.5bR$9.1b13.4x13.8x1.7x
Wed, 11 Jan 2023R$121.3bR$72.2bR$8.5b13x14.2x1.7x
Fri, 09 Dec 2022R$113.2bR$72.2bR$8.5b12.3x13.3x1.6x
Sun, 06 Nov 2022R$114.7bR$68.5bR$7.7b17.6x14.9x1.7x
Tue, 04 Oct 2022R$107.8bR$68.5bR$7.7b15.4x14x1.6x
Price to Earnings Ratio

14x


Total Market Cap: R$107.8bTotal Earnings: R$7.7bTotal Revenue: R$68.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Brazilian Insurance Industry Price to Earnings3Y Average 10.6x202320242025
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 8.4x which is lower than its 3-year average PE of 10.6x.
  • The 3-year average PS ratio of 2.1x 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 31% per year over the last three years.
  • Meanwhile revenues for these companies have declined 3.5% 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-0.56%
Financials-0.16%
Insurance-1.48%
General Insurance-1.39%
Insurance Brokers-3.41%
Reinsurance-4.04%
Industry PE
  • Investors are most optimistic about the General Insurance industry even though it's trading below its 3-year average PE ratio of 10.1x.
    • Analysts are expecting annual earnings growth of 5.0%, which is lower than the prior year's growth of 25.7% per year.
  • Investors are most pessimistic about the Reinsurance industry, which is trading below its 3-year average of 12.0x.
Forecasted Growth
  • Analysts are most optimistic on the Insurance Brokers industry, expecting annual earnings growth of 17% over the next 5 years.
  • This is better than its past earnings growth rate of 6.2% per year.
  • In contrast, the General Insurance industry is expected to see its earnings grow by 5.0% 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$14.681.8%
+R$780.0m		-0.4%PE10.2x

Latest News

CXSE3
R$14.68
Caixa Seguridade Participações
7D
1.8%
1Y
-0.4%
BBSE3
R$32.45
BB Seguridade Participações
7D
-1.4%
1Y
-8.3%

Underserved Markets And Banco Do Brasil Access Will Boost Value

With both the Future P/E ratio and consensus revenue growth forecasts for BB Seguridade Participações remaining essentially unchanged, analysts have made only a marginal downward revision to the consensus fair value, now set at R$39.83. What's in the News Board meeting held to approve the appointment of Mr. Delano Valentim de Andrade as a member of the Board of Directors and Chief Executive Officer.
PSSA3
R$48.86
Porto Seguro
7D
-5.5%
1Y
34.0%

Digital Transformation And Diversification Will Unlock Brazil Market Potential

Porto Seguro’s top valuation metrics—Future P/E and Net Profit Margin—remained virtually stable, supporting the marginal increase in the consensus analyst price target from R$54.60 to R$54.90. What's in the News Porto Seguro S.A. held a Board Meeting.
IRBR3
R$46.99
IRB-Brasil Resseguros
7D
-4.0%
1Y
3.2%
WIZC3
R$8.21
Wiz Co Participações e Corretagem de Seguros
7D
-3.4%
1Y
41.3%