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Canadian (TSX) Insurance Industry Analysis

UpdatedDec 20, 2024
DataAggregated Company Financials
Companies12
  • 7D-1.1%
  • 3M8.5%
  • 1Y34.1%
  • YTD32.1%

The Insurance industry is down 1.1% over the last week with Manulife Financial the worst performer, down 1.2%. Over the past 12 months, the industry was up 34%. Earnings are forecast to grow by 5.0% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 21 Dec 2024CA$312.4bCA$234.0bCA$26.6b12.7x11.8x1.3x
Mon, 18 Nov 2024CA$320.4bCA$231.9bCA$26.4b12.7x12.1x1.4x
Wed, 16 Oct 2024CA$302.1bCA$224.9bCA$24.6b14.8x12.3x1.3x
Fri, 13 Sep 2024CA$282.9bCA$224.1bCA$24.5b13.3x11.5x1.3x
Sun, 11 Aug 2024CA$260.9bCA$222.9bCA$24.7b12.3x10.5x1.2x
Tue, 09 Jul 2024CA$260.9bCA$217.8bCA$23.3b11.3x11.2x1.2x
Thu, 06 Jun 2024CA$263.0bCA$218.0bCA$23.3b11.6x11.3x1.2x
Sat, 04 May 2024CA$259.0bCA$219.8bCA$22.8b12x11.3x1.2x
Mon, 01 Apr 2024CA$262.2bCA$218.0bCA$23.0b12.7x11.4x1.2x
Wed, 28 Feb 2024CA$262.9bCA$235.8bCA$22.3b13.8x11.8x1.1x
Fri, 26 Jan 2024CA$250.2bCA$229.8bCA$29.2b10.2x8.6x1.1x
Sun, 24 Dec 2023CA$239.7bCA$229.1bCA$29.2b9.9x8.2x1x
Tue, 21 Nov 2023CA$236.6bCA$230.6bCA$29.3b10x8.1x1x
Thu, 19 Oct 2023CA$223.0bCA$231.7bCA$27.2b9.4x8.2x1x
Sat, 16 Sep 2023CA$227.7bCA$248.0bCA$27.2b9.3x8.4x0.9x
Mon, 14 Aug 2023CA$232.7bCA$243.8bCA$27.1b9.4x8.6x1x
Wed, 12 Jul 2023CA$221.1bCA$239.3bCA$23.4b10.5x9.4x0.9x
Fri, 09 Jun 2023CA$224.3bCA$234.0bCA$23.4b10.7x9.6x1x
Sun, 07 May 2023CA$220.7bCA$205.2bCA$20.3b12.5x10.9x1.1x
Tue, 04 Apr 2023CA$212.5bCA$205.3bCA$20.3b11.5x10.5x1x
Thu, 02 Mar 2023CA$223.5bCA$210.3bCA$20.6b11.8x10.9x1.1x
Sat, 28 Jan 2023CA$215.3bCA$219.0bCA$19.4b11.4x11.1x1x
Mon, 26 Dec 2022CA$204.6bCA$219.8bCA$19.4b10.5x10.5x0.9x
Wed, 23 Nov 2022CA$201.2bCA$219.3bCA$19.4b10.5x10.4x0.9x
Fri, 21 Oct 2022CA$185.9bCA$238.1bCA$21.4b8.9x8.7x0.8x
Sun, 18 Sep 2022CA$196.8bCA$236.9bCA$21.4b9.4x9.2x0.8x
Tue, 16 Aug 2022CA$203.3bCA$235.8bCA$21.4b9.7x9.5x0.9x
Thu, 14 Jul 2022CA$195.5bCA$299.2bCA$26.1b7.9x7.5x0.7x
Sat, 11 Jun 2022CA$197.8bCA$298.7bCA$26.0b8.3x7.6x0.7x
Mon, 09 May 2022CA$209.5bCA$303.1bCA$24.8b7.7x8.4x0.7x
Wed, 06 Apr 2022CA$221.9bCA$303.7bCA$25.5b8.2x8.7x0.7x
Fri, 04 Mar 2022CA$217.3bCA$302.9bCA$25.8b9.4x8.4x0.7x
Sun, 30 Jan 2022CA$221.2bCA$293.1bCA$25.0b10.2x8.8x0.8x
Tue, 28 Dec 2021CA$215.0bCA$293.1bCA$25.0b9.8x8.6x0.7x
Price to Earnings Ratio

8.6x


Total Market Cap: CA$215.0bTotal Earnings: CA$25.0bTotal Revenue: CA$293.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Insurance Industry Price to Earnings3Y Average 9.8x202220232024
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 11.8x which is higher than its 3-year average PE of 9.8x.
  • The 3-year average PS ratio of 0.98x is lower than the industry's current PS ratio of 1.3x.
Past Earnings Growth
  • The earnings for companies in the Insurance industry have grown 2.0% per year over the last three years.
  • Meanwhile revenues for these companies have declined 7.2% 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 Canadian Financials industry?

CA Market-3.68%
Financials-2.52%
Insurance-1.12%
General Insurance0%
Reinsurance0%
Property and Casualty Insurance-0.50%
Life and Health Insurance-1.41%
Insurance Brokers-3.85%
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 13.2x.
Forecasted Growth
  • Analysts are most optimistic on the Life and Health Insurance industry, expecting annual earnings growth of 8.9% over the next 5 years.
  • However this is lower than its past earnings growth rate of 38% per year.
  • In contrast, the Property and Casualty Insurance industry is expected to see its earnings decline by 3.3% 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
FFH Fairfax Financial HoldingsCA$2.00k0.7%
+CA$284.9m		68.4%PE7.6x
GWO Great-West LifecoCA$46.720.4%
+CA$158.4m		9.3%PE12x
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CA$39.00

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7D

-3.9%

1Y

15.4%

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DFY

CA$57.58

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7D

-1.4%

1Y

56.9%

POW

CA$45.11

Power Corporation of Canada

7D

-2.9%

1Y

20.2%

ELF

CA$1,350.01

E-L Financial

7D

-3.6%

1Y

30.8%

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MFC

CA$43.33

Manulife Financial

7D

-1.2%

1Y

49.6%

IAG

CA$130.66

iA Financial

7D

-2.9%

1Y

45.4%

GWO

CA$46.72

Great-West Lifeco

7D

0.4%

1Y

9.3%

FFH

CA$1,996.10

Fairfax Financial Holdings

7D

0.7%

1Y

68.4%

IFC

CA$259.71

Intact Financial

7D

-1.3%

1Y

30.6%

SLF

CA$84.50

Sun Life Financial

7D

-1.7%

1Y

25.4%