Analysis Article • Aug 14
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Brazilian (BOVESPA) Insurance Industry Analysis
UpdatedAug 22, 2026
DataAggregated Company Financials
Companies5
- 7D0.8%
- 3M3.6%
- 1Y15.2%
- YTD4.2%
In the last week, the Insurance industry is flat overall, with IRB-Brasil Resseguros standing out by going down 4.5%. The past year has been better, since the industry has gained 15% in that time. As for the next few years, earnings are expected to grow by 5.4% per annum.
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 |
|---|---|---|---|---|---|---|
| Sat, 22 Aug 2026 | R$162.1b | R$68.1b | R$17.8b | 8.1x | 9.1x | 2.4x |
| Mon, 20 Jul 2026 | R$187.3b | R$67.2b | R$17.8b | 9.6x | 10.5x | 2.8x |
| Wed, 17 Jun 2026 | R$168.1b | R$67.2b | R$17.8b | 8.8x | 9.4x | 2.5x |
| Fri, 15 May 2026 | R$156.3b | R$67.1b | R$17.8b | 8.5x | 8.8x | 2.3x |
| Sun, 12 Apr 2026 | R$169.7b | R$66.0b | R$17.3b | 10.1x | 9.8x | 2.6x |
| Tue, 10 Mar 2026 | R$157.2b | R$65.9b | R$17.4b | 8.5x | 9x | 2.4x |
| Thu, 05 Feb 2026 | R$168.8b | R$63.6b | R$17.3b | 8.8x | 9.7x | 2.7x |
| Sat, 03 Jan 2026 | R$156.9b | R$63.6b | R$17.3b | 8x | 9.1x | 2.5x |
| Mon, 01 Dec 2025 | R$150.5b | R$63.6b | R$17.3b | 7.7x | 8.7x | 2.4x |
| Wed, 29 Oct 2025 | R$144.3b | R$62.5b | R$17.2b | 7.2x | 8.4x | 2.3x |
| Fri, 26 Sep 2025 | R$143.6b | R$61.5b | R$17.2b | 7.1x | 8.4x | 2.3x |
| Sun, 24 Aug 2025 | R$140.8b | R$61.2b | R$17.2b | 7.1x | 8.2x | 2.3x |
| Tue, 22 Jul 2025 | R$147.0b | R$61.0b | R$16.3b | 7.7x | 9x | 2.4x |
| Thu, 19 Jun 2025 | R$151.9b | R$61.0b | R$16.3b | 8x | 9.3x | 2.5x |
| Sat, 17 May 2025 | R$155.9b | R$61.6b | R$16.4b | 8.5x | 9.5x | 2.5x |
| Mon, 14 Apr 2025 | R$153.0b | R$60.1b | R$16.1b | 8.9x | 9.5x | 2.5x |
| Wed, 12 Mar 2025 | R$149.0b | R$60.1b | R$16.1b | 8.6x | 9.3x | 2.5x |
| Fri, 07 Feb 2025 | R$152.7b | R$59.8b | R$15.4b | 9.1x | 9.9x | 2.6x |
| Sun, 05 Jan 2025 | R$139.4b | R$59.8b | R$15.4b | 8.2x | 9.1x | 2.3x |
| Tue, 03 Dec 2024 | R$137.2b | R$59.8b | R$15.4b | 7.7x | 8.9x | 2.3x |
| Thu, 31 Oct 2024 | R$139.6b | R$58.9b | R$14.8b | 9.6x | 9.4x | 2.4x |
| Sat, 28 Sep 2024 | R$140.9b | R$58.9b | R$14.8b | 9.4x | 9.5x | 2.4x |
| Mon, 26 Aug 2024 | R$145.0b | R$58.4b | R$14.8b | 8.8x | 9.8x | 2.5x |
| Wed, 24 Jul 2024 | R$134.1b | R$57.2b | R$14.6b | 8.3x | 9.2x | 2.3x |
| Fri, 21 Jun 2024 | R$130.0b | R$57.2b | R$14.6b | 7.9x | 8.9x | 2.3x |
| Sun, 19 May 2024 | R$140.0b | R$57.0b | R$14.6b | 8.3x | 9.6x | 2.5x |
| Tue, 16 Apr 2024 | R$136.7b | R$56.2b | R$13.8b | 8.4x | 9.9x | 2.4x |
| Thu, 14 Mar 2024 | R$138.0b | R$58.8b | R$13.9b | 12.1x | 9.9x | 2.3x |
| Sat, 10 Feb 2024 | R$128.4b | R$57.6b | R$13.8b | 11x | 9.3x | 2.2x |
| Mon, 08 Jan 2024 | R$138.6b | R$80.0b | R$13.5b | 17.1x | 10.3x | 1.7x |
| Wed, 06 Dec 2023 | R$129.3b | R$80.0b | R$13.5b | 15.6x | 9.6x | 1.6x |
| Fri, 03 Nov 2023 | R$124.7b | R$79.0b | R$12.3b | 9.7x | 10.1x | 1.6x |
| Sun, 01 Oct 2023 | R$127.7b | R$79.0b | R$12.3b | 9.9x | 10.4x | 1.6x |
| Tue, 29 Aug 2023 | R$123.9b | R$77.2b | R$12.3b | 9.4x | 10.1x | 1.6x |
Price to Earnings Ratio
10.1x
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 9.4x.
- The industry is trading close to its 3-year average PS ratio of 2.3x.
Past Earnings Growth
- The earnings for companies in the Insurance industry have grown 13% per year over the last three years.
- Meanwhile revenues for these companies have declined 4.1% 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 | 2.01% | |
| Financials | -0.01% | |
| Insurance | 0.83% | |
| Insurance Brokers | 4.17% | |
| General Insurance | 0.95% | |
| Reinsurance | -4.45% | |
Industry PE
- Investors are most optimistic about the Reinsurance industry, which is trading close to its 3-year average PE ratio of 16.0x.
- Analysts are expecting annual earnings growth of 30.1%, which is higher than its past year's earnings decline of 60.9% per year.
- Investors are most pessimistic about the Insurance Brokers industry, which is trading below its 3-year average of 9.2x.
Forecasted Growth
- Analysts are most optimistic on the Reinsurance industry, expecting annual earnings growth of 30% over the next 5 years.
- This is better than its past earnings decline of 61% per year.
- In contrast, the General Insurance industry is expected to see its earnings grow by 4.7% 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 | |
|---|---|---|---|---|---|
| CXSE3 Caixa Seguridade Participações | R$18.25 | 1.9% +R$1.0b | 33.0% | PE12.1x | |
| BBSE3 BB Seguridade Participações | R$37.19 | 0.6% +R$465.9m | 16.9% | PE7.9x | |
| WIZC3 Wiz Co Participações e Corretagem de Seguros | R$7.75 | 4.2% +R$49.6m | -5.1% | PE6.2x |