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Canadian (TSX) Insurance Industry Analysis

UpdatedMay 09, 2026
DataAggregated Company Financials
Companies12
  • 7D1.4%
  • 3M7.6%
  • 1Y19.1%
  • YTD3.0%

Over the last 7 days, the Insurance industry has risen 1.4%, driven by gains from Great-West Lifeco of 5.2%. In the same time, Fairfax Financial Holdings was down 5.9%. This means that the industry has gained 19% over the past year. Earnings are forecast to grow by 4.7% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 09 May 2026CA$388.2bCA$243.2bCA$27.7b15.4x14x1.6x
Mon, 06 Apr 2026CA$362.6bCA$243.4bCA$28.3b14.1x12.8x1.5x
Wed, 04 Mar 2026CA$361.4bCA$242.7bCA$28.7b14.1x12.6x1.5x
Fri, 30 Jan 2026CA$360.0bCA$240.7bCA$28.0b14.5x12.9x1.5x
Sun, 28 Dec 2025CA$381.4bCA$241.4bCA$28.1b15.4x13.6x1.6x
Tue, 25 Nov 2025CA$368.6bCA$243.2bCA$28.3b14.9x13x1.5x
Thu, 23 Oct 2025CA$343.9bCA$242.5bCA$26.8b14.5x12.8x1.4x
Sat, 20 Sep 2025CA$343.6bCA$241.7bCA$26.7b14x12.9x1.4x
Mon, 18 Aug 2025CA$335.1bCA$241.8bCA$26.7b13.5x12.5x1.4x
Wed, 16 Jul 2025CA$341.2bCA$235.7bCA$24.8b15x13.8x1.4x
Fri, 13 Jun 2025CA$338.1bCA$235.2bCA$24.8b15.2x13.7x1.4x
Sun, 11 May 2025CA$331.4bCA$236.1bCA$25.0b14.7x13.3x1.4x
Tue, 08 Apr 2025CA$314.4bCA$234.7bCA$25.9b12.6x12.2x1.3x
Thu, 06 Mar 2025CA$322.4bCA$234.0bCA$26.2b13.9x12.3x1.4x
Sat, 01 Feb 2025CA$311.6bCA$234.5bCA$26.6b12.6x11.7x1.3x
Mon, 30 Dec 2024CA$317.9bCA$234.1bCA$26.6b12.9x12x1.4x
Wed, 27 Nov 2024CA$321.9bCA$232.8bCA$26.4b13x12.2x1.4x
Fri, 25 Oct 2024CA$301.0bCA$225.1bCA$24.7b14.7x12.2x1.3x
Sun, 22 Sep 2024CA$289.7bCA$224.1bCA$24.5b13.9x11.8x1.3x
Tue, 20 Aug 2024CA$272.4bCA$224.3bCA$24.6b12.7x11.1x1.2x
Thu, 18 Jul 2024CA$267.6bCA$218.0bCA$23.3b11.8x11.5x1.2x
Sat, 15 Jun 2024CA$255.4bCA$218.1bCA$23.3b11.2x10.9x1.2x
Mon, 13 May 2024CA$267.9bCA$217.6bCA$23.3b12.3x11.5x1.2x
Wed, 10 Apr 2024CA$260.5bCA$218.1bCA$23.0b12.6x11.3x1.2x
Fri, 08 Mar 2024CA$264.4bCA$235.5bCA$22.3b14.1x11.9x1.1x
Sun, 04 Feb 2024CA$253.1bCA$229.8bCA$29.2b10.3x8.7x1.1x
Tue, 02 Jan 2024CA$243.4bCA$229.1bCA$29.2b10x8.3x1.1x
Thu, 30 Nov 2023CA$238.7bCA$229.6bCA$28.9b9.9x8.3x1x
Sat, 28 Oct 2023CA$213.8bCA$232.3bCA$27.3b9.3x7.8x0.9x
Mon, 25 Sep 2023CA$229.8bCA$231.0bCA$27.2b9.3x8.5x1x
Wed, 23 Aug 2023CA$219.9bCA$248.1bCA$27.2b9.4x8.1x0.9x
Fri, 21 Jul 2023CA$228.3bCA$239.2bCA$23.4b10.8x9.8x1x
Sun, 18 Jun 2023CA$223.1bCA$239.2bCA$23.4b10.6x9.5x0.9x
Tue, 16 May 2023CA$221.5bCA$247.2bCA$23.2b11x9.5x0.9x
Price to Earnings Ratio

9.5x


Total Market Cap: CA$221.5bTotal Earnings: CA$23.2bTotal Revenue: CA$247.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Insurance Industry Price to Earnings3Y Average 11.4x202420252026
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 14.0x which is higher than its 3-year average PE of 11.4x.
  • The 3-year average PS ratio of 1.3x is lower than the industry's current PS ratio of 1.6x.
Past Earnings Growth
  • The earnings for companies in the Insurance industry have grown 6.1% 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 Canadian Financials industry?

CA Market0.99%
Financials1.42%
Insurance1.38%
Life and Health Insurance1.75%
Insurance Brokers1.35%
Property and Casualty Insurance0.42%
General Insurance0%0
Reinsurance0%0
Industry PE
  • Investors are most optimistic about the Insurance Brokers industry which is trading above its 3-year average PE ratio.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Property and Casualty Insurance industry, which is trading below its 3-year average of 12.1x.
Forecasted Growth
  • Analysts are most optimistic on the Life and Health Insurance industry, expecting annual earnings growth of 9.4% over the next 5 years.
  • This is better than its past earnings decline of 4.7% per year.
  • In contrast, the Property and Casualty Insurance industry is expected to see its earnings decline by 7.4% 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
GWO Great-West LifecoCA$76.365.2%
+CA$3.4b		47.3%PE17.4x
POW Power Corporation of CanadaCA$78.824.0%
+CA$1.9b		53.5%PE19.3x
MFC Manulife FinancialCA$54.061.2%
+CA$906.7m		24.6%PE17.2x
ELF E-L FinancialCA$17.522.8%
+CA$162.7m		24.5%PE5x
SFC Sagicor FinancialCA$9.490.5%
+CA$6.8m		19.8%PE14.1x

Latest News

GWO
CA$76.36
Great-West Lifeco
7D
5.2%
1Y
47.3%
MFC
CA$54.06
Manulife Financial
7D
1.2%
1Y
24.6%
DFY
CA$65.60
Definity Financial
7D
-5.3%
1Y
-5.2%
SLF
CA$94.79
Sun Life Financial
7D
-3.1%
1Y
13.5%
IFC
CA$252.80
Intact Financial
7D
-3.4%
1Y
-16.3%
IAG
CA$163.24
iA Financial
7D
-6.6%
1Y
22.0%
FFH
CA$2,211.71
Fairfax Financial Holdings
7D
-5.9%
1Y
-0.5%
TSU
CA$43.15
Trisura Group
7D
-1.9%
1Y
14.7%
NXG
CA$0.37
NexgenRx
7D
2.8%
1Y
27.6%
POW
CA$78.82
Power Corporation of Canada
7D
4.0%
1Y
53.5%
ELF
CA$17.52
E-L Financial
7D
2.8%
1Y
24.5%
SFC
CA$9.49
Sagicor Financial
7D
0.5%
1Y
19.8%