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Canadian (TSX) Insurance Industry Analysis

UpdatedJul 26, 2024
DataAggregated Company Financials
Companies12
  • 7D-0.08%
  • 3M5.5%
  • 1Y18.2%
  • YTD11.5%

Over the last 7 days, the Insurance industry has remained flat, although notably Fairfax Financial Holdings declined by 3.5%. As for the the longer term, the industry is up 18% over the past 12 months. Looking forward, earnings are forecast to grow by 7.3% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 26 Jul 2024CA$265.9bCA$218.4bCA$23.4b11.8x11.4x1.2x
Sun, 23 Jun 2024CA$256.0bCA$218.0bCA$23.3b11.2x11x1.2x
Tue, 21 May 2024CA$268.4bCA$217.7bCA$23.3b12.2x11.5x1.2x
Thu, 18 Apr 2024CA$250.6bCA$218.7bCA$23.1b11.8x10.8x1.1x
Sat, 16 Mar 2024CA$264.1bCA$237.4bCA$22.2b13.8x11.9x1.1x
Mon, 12 Feb 2024CA$250.3bCA$235.8bCA$28.7b9.8x8.7x1.1x
Wed, 10 Jan 2024CA$243.2bCA$229.6bCA$29.2b10x8.3x1.1x
Fri, 08 Dec 2023CA$240.0bCA$230.2bCA$29.3b9.9x8.2x1x
Sun, 05 Nov 2023CA$227.7bCA$227.2bCA$28.8b9.3x7.9x1x
Tue, 03 Oct 2023CA$223.1bCA$231.6bCA$27.2b9.3x8.2x1x
Thu, 31 Aug 2023CA$225.1bCA$248.0bCA$27.2b9.4x8.3x0.9x
Sat, 29 Jul 2023CA$230.8bCA$239.3bCA$23.4b10.9x9.9x1x
Mon, 26 Jun 2023CA$217.8bCA$239.2bCA$23.4b10.5x9.3x0.9x
Wed, 24 May 2023CA$225.6bCA$235.3bCA$23.2b11x9.7x1x
Fri, 21 Apr 2023CA$219.5bCA$205.5bCA$20.3b12.4x10.8x1.1x
Sun, 19 Mar 2023CA$204.8bCA$210.7bCA$20.5b10.7x10x1x
Tue, 14 Feb 2023CA$218.5bCA$215.2bCA$19.3b11.3x11.3x1x
Thu, 12 Jan 2023CA$209.9bCA$219.3bCA$19.4b10.9x10.8x1x
Sat, 10 Dec 2022CA$204.7bCA$219.9bCA$19.4b10.4x10.6x0.9x
Mon, 07 Nov 2022CA$196.5bCA$232.7bCA$19.9b9.8x9.9x0.8x
Wed, 05 Oct 2022CA$195.6bCA$237.7bCA$21.4b9.3x9.1x0.8x
Fri, 02 Sep 2022CA$191.9bCA$236.6bCA$21.4b9.1x9x0.8x
Sun, 31 Jul 2022CA$201.1bCA$294.1bCA$24.0b9x8.4x0.7x
Tue, 28 Jun 2022CA$193.1bCA$298.9bCA$26.0b8x7.4x0.6x
Thu, 26 May 2022CA$201.2bCA$298.8bCA$26.0b7.7x7.7x0.7x
Sat, 23 Apr 2022CA$217.4bCA$304.4bCA$25.6b8.1x8.5x0.7x
Mon, 21 Mar 2022CA$217.6bCA$302.7bCA$25.5b9.4x8.5x0.7x
Wed, 16 Feb 2022CA$229.7bCA$301.7bCA$25.8b9.9x8.9x0.8x
Fri, 14 Jan 2022CA$221.5bCA$292.3bCA$24.9b10.4x8.9x0.8x
Sun, 12 Dec 2021CA$212.6bCA$292.9bCA$25.0b9.7x8.5x0.7x
Tue, 09 Nov 2021CA$212.9bCA$283.1bCA$24.4b10.7x8.7x0.8x
Thu, 07 Oct 2021CA$207.7bCA$277.1bCA$24.2b10.8x8.6x0.7x
Sat, 04 Sep 2021CA$209.3bCA$276.5bCA$24.1b11x8.7x0.8x
Mon, 02 Aug 2021CA$203.8bCA$276.5bCA$24.1b10.4x8.4x0.7x
Price to Earnings Ratio

8.4x


Total Market Cap: CA$203.8bTotal Earnings: CA$24.1bTotal Revenue: CA$276.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Insurance Industry Price to Earnings3Y Average 9.4x202220232024
Current Industry PE
  • Investors are optimistic on the Canadian Insurance industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 11.4x which is higher than its 3-year average PE of 9.4x.
  • The 3-year average PS ratio of 0.91x is lower than the industry's current PS ratio of 1.2x.
Past Earnings Growth
  • The earnings for companies in the Insurance industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have declined 7.6% per year.
  • This means that the cost of doing business could be reducing since sales have declined but profits have remained steady.

Industry Trends

Which industries have driven the changes within the Canadian Financials industry?

CA Market-0.31%
Financials-0.077%
Insurance-0.077%
Life and Health Insurance0.32%
General Insurance0%
Reinsurance0%
Property and Casualty Insurance-0.90%
Insurance Brokers-3.57%
Industry PE
  • Investors are most optimistic about the Property and Casualty Insurance industry even though it's trading below its 3-year average PE ratio of 14.0x.
    • Analysts are expecting annual earnings growth of 4.9%, which is lower than the prior year's growth of 20.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Life and Health Insurance industry, expecting annual earnings growth of 8.4% over the next 5 years.
  • However this is lower than its past earnings growth rate of 42% per year.
  • In contrast, the Property and Casualty Insurance industry is expected to see its earnings grow by 4.9% 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
GWO Great-West LifecoCA$41.481.5%
+CA$577.9m		2.9%PE11.8x
POW Power Corporation of CanadaCA$39.771.1%
+CA$269.3m		6.9%PE9.3x
IFC Intact FinancialCA$240.870.5%
+CA$228.3m		22.2%PE28.1x
DFY Definity FinancialCA$47.343.4%
+CA$178.5m		35.1%PE15.4x
TSU Trisura GroupCA$44.073.8%
+CA$76.5m		27.0%PE23.4x
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Latest News

TSU

CA$44.07

Trisura Group

7D

3.8%

1Y

27.0%

DFY

CA$47.34

Definity Financial

7D

3.4%

1Y

35.1%

Here's Why We Think Definity Financial (TSE:DFY) Is Well Worth Watching

Jul 23
Here's Why We Think Definity Financial (TSE:DFY) Is Well Worth Watching

FFH

CA$1,550.00

Fairfax Financial Holdings

7D

-3.5%

1Y

48.2%

IFC

CA$240.87

Intact Financial

7D

0.5%

1Y

22.2%

Intact Financial Corporation's (TSE:IFC) Share Price Matching Investor Opinion

Jul 22
Intact Financial Corporation's (TSE:IFC) Share Price Matching Investor Opinion

MFC

CA$35.70

Manulife Financial

7D

-0.4%

1Y

35.7%

GWO

CA$41.48

Great-West Lifeco

7D

1.5%

1Y

2.9%

Market Cool On Great-West Lifeco Inc.'s (TSE:GWO) Earnings

Jun 30
Market Cool On Great-West Lifeco Inc.'s (TSE:GWO) Earnings

ELF

CA$1,170.00

E-L Financial

7D

-1.9%

1Y

25.7%

SFC

CA$5.99

Sagicor Financial

7D

-3.6%

1Y

36.1%

NXG

CA$0.27

NexgenRx

7D

-3.6%

1Y

-10.0%

IAG

CA$90.60

iA Financial

7D

1.1%

1Y

-1.0%

Cautious Investors Not Rewarding iA Financial Corporation Inc.'s (TSE:IAG) Performance Completely

Jun 04
Cautious Investors Not Rewarding iA Financial Corporation Inc.'s (TSE:IAG) Performance Completely

POW

CA$39.77

Power Corporation of Canada

7D

1.1%

1Y

6.9%