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Jun 04
Brazilian (BOVESPA) Insurance Industry Analysis
UpdatedJun 27, 2024
DataAggregated Company Financials
Companies6
- 7D0.6%
- 3M-3.3%
- 1Y14.3%
- YTD2.1%
Over the last 7 days, the Insurance industry has remained flat, although notably Porto Seguro gained 3.6%. As for the the longer term, the industry is up 14% over the past 12 months. As for the next few years, earnings are expected to grow by 5.9% 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 |
|---|---|---|---|---|---|---|
| Fri, 28 Jun 2024 | R$131.5b | R$57.2b | R$14.6b | 8x | 9x | 2.3x |
| Sun, 26 May 2024 | R$135.2b | R$57.0b | R$14.6b | 7.9x | 9.2x | 2.4x |
| Tue, 23 Apr 2024 | R$136.1b | R$56.2b | R$13.8b | 8.3x | 9.9x | 2.4x |
| Thu, 21 Mar 2024 | R$139.6b | R$58.8b | R$13.9b | 12.4x | 10x | 2.4x |
| Sat, 17 Feb 2024 | R$128.3b | R$57.6b | R$13.8b | 11x | 9.3x | 2.2x |
| Mon, 15 Jan 2024 | R$137.9b | R$80.0b | R$13.5b | 17.2x | 10.2x | 1.7x |
| Wed, 13 Dec 2023 | R$130.8b | R$80.0b | R$13.5b | 15.2x | 9.7x | 1.6x |
| Fri, 10 Nov 2023 | R$128.8b | R$79.5b | R$12.8b | 10x | 10.1x | 1.6x |
| Sun, 08 Oct 2023 | R$128.6b | R$79.0b | R$12.3b | 10x | 10.4x | 1.6x |
| Tue, 05 Sep 2023 | R$128.0b | R$79.0b | R$12.3b | 10.2x | 10.4x | 1.6x |
| Thu, 03 Aug 2023 | R$126.7b | R$77.5b | R$10.8b | 13.9x | 11.7x | 1.6x |
| Sat, 01 Jul 2023 | R$124.4b | R$77.5b | R$10.8b | 13.9x | 11.5x | 1.6x |
| Mon, 29 May 2023 | R$122.6b | R$77.7b | R$10.8b | 11.6x | 11.3x | 1.6x |
| Wed, 26 Apr 2023 | R$127.3b | R$75.0b | R$9.8b | 13.8x | 13x | 1.7x |
| Fri, 24 Mar 2023 | R$118.3b | R$75.0b | R$9.5b | 13.6x | 12.5x | 1.6x |
| Sun, 19 Feb 2023 | R$126.9b | R$74.7b | R$9.1b | 13.7x | 13.9x | 1.7x |
| Tue, 17 Jan 2023 | R$120.1b | R$72.2b | R$8.5b | 12.8x | 14.1x | 1.7x |
| Thu, 15 Dec 2022 | R$110.2b | R$72.2b | R$8.5b | 11.7x | 12.9x | 1.5x |
| Sat, 12 Nov 2022 | R$112.3b | R$69.9b | R$8.1b | 16.1x | 13.8x | 1.6x |
| Mon, 10 Oct 2022 | R$108.8b | R$68.5b | R$7.7b | 15.2x | 14.1x | 1.6x |
| Wed, 07 Sep 2022 | R$111.6b | R$68.5b | R$7.7b | 15.2x | 14.5x | 1.6x |
| Fri, 05 Aug 2022 | R$106.4b | R$65.0b | R$7.4b | 13.6x | 14.4x | 1.6x |
| Sun, 03 Jul 2022 | R$97.8b | R$65.0b | R$7.4b | 12.6x | 13.2x | 1.5x |
| Tue, 31 May 2022 | R$106.3b | R$65.0b | R$7.4b | 12.8x | 14.3x | 1.6x |
| Thu, 28 Apr 2022 | R$105.4b | R$63.3b | R$7.2b | 13.2x | 14.6x | 1.7x |
| Sat, 26 Mar 2022 | R$108.8b | R$63.3b | R$7.2b | 13.7x | 15.1x | 1.7x |
| Mon, 21 Feb 2022 | R$102.6b | R$59.5b | R$6.9b | 11.7x | 14.9x | 1.7x |
| Wed, 19 Jan 2022 | R$91.4b | R$58.3b | R$6.5b | 10.7x | 14.1x | 1.6x |
| Fri, 17 Dec 2021 | R$99.0b | R$58.3b | R$6.5b | 10.6x | 15.3x | 1.7x |
| Sun, 14 Nov 2021 | R$110.0b | R$58.3b | R$6.5b | 11.9x | 16.9x | 1.9x |
| Tue, 12 Oct 2021 | R$98.8b | R$57.2b | R$7.0b | 10.9x | 14.2x | 1.7x |
| Thu, 09 Sep 2021 | R$103.5b | R$57.2b | R$7.0b | 10x | 14.9x | 1.8x |
| Sat, 07 Aug 2021 | R$119.6b | R$57.2b | R$7.0b | 11.4x | 17.2x | 2.1x |
Price to Earnings Ratio
19.3x
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 9.0x which is lower than its 3-year average PE of 13.0x.
- The 3-year average PS ratio of 1.8x 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 28% per year over the last three years, while revenues have remained mostly flat.
- This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.
Industry Trends
Which industries have driven the changes within the Brazilian Financials industry?
| BR Market | 1.76% | |
| Financials | 0.79% | |
| Insurance | 0.62% | |
| Reinsurance | 3.74% | |
| Insurance Brokers | 3.42% | |
| General Insurance | 0.51% | |
| Life and Health Insurance | 0% | |
| Property and Casualty Insurance | 0% | |
Industry PE
- Investors are most optimistic about the Reinsurance industry which is trading above its 3-year average PE ratio of 6.5x.
- Analysts are expecting annual earnings growth of 48.4% and investors are willing to pay a premium for that growth.
- Investors are most pessimistic about the General Insurance industry, which is trading below its 3-year average of 11.5x.
Forecasted Growth
- Analysts are most optimistic on the Reinsurance industry, expecting annual earnings growth of 48% over the next 5 years.
- 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| PSSA3 Porto Seguro | R$30.93 | 4.0% +R$757.3m | 10.0% | PE7.7x | |
| CXSE3 Caixa Seguridade Participações | R$14.30 | 0.7% +R$300.0m | 38.8% | PE11.8x | |
| APER3 Alper Consultoria e Corretora de Seguros | R$45.67 | 6.6% +R$57.9m | 62.4% | PS2.8x | |
| IRBR3 IRB-Brasil Resseguros | R$32.33 | 2.2% +R$57.3m | -25.8% | PE19.2x | |
| WIZC3 Wiz Co Participações e Corretagem de Seguros | R$5.85 | 1.9% +R$17.6m | -7.1% | PE5.7x |