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Canadian (TSX) Insurance Industry Analysis

UpdatedNov 30, 2022
DataAggregated Company Financials
Companies13
  • 7D1.6%
  • 3M6.0%
  • 1Y1.9%
  • YTD-3.0%

Over the last 7 days, the Insurance industry has risen 1.6%, driven by gains from Intact Financial of 3.3%. Despite this gain, the industry's performance has been flat over the past year. Earnings are forecast to grow by 2.3% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 30 Nov 2022CA$204.5bCA$219.9bCA$19.4b10.5x10.5x0.9x
Fri, 28 Oct 2022CA$191.4bCA$237.5bCA$21.4b9.3x8.9x0.8x
Sun, 25 Sep 2022CA$188.8bCA$237.7bCA$21.4b9.1x8.8x0.8x
Tue, 23 Aug 2022CA$200.3bCA$236.2bCA$21.4b9.6x9.4x0.8x
Thu, 21 Jul 2022CA$195.0bCA$298.9bCA$26.0b8x7.5x0.7x
Sat, 18 Jun 2022CA$187.9bCA$299.4bCA$26.1b7.7x7.2x0.6x
Mon, 16 May 2022CA$197.3bCA$299.1bCA$26.1b7.6x7.6x0.7x
Wed, 13 Apr 2022CA$222.0bCA$304.2bCA$25.5b8.2x8.7x0.7x
Fri, 11 Mar 2022CA$214.2bCA$303.2bCA$25.8b9.3x8.3x0.7x
Sun, 06 Feb 2022CA$226.5bCA$293.2bCA$25.0b10.5x9.1x0.8x
Tue, 04 Jan 2022CA$214.6bCA$293.1bCA$25.0b9.8x8.6x0.7x
Thu, 02 Dec 2021CA$207.2bCA$293.0bCA$25.0b9.4x8.3x0.7x
Sat, 30 Oct 2021CA$209.2bCA$276.3bCA$24.1b10.5x8.7x0.8x
Mon, 27 Sep 2021CA$206.3bCA$277.3bCA$24.2b10.7x8.5x0.7x
Wed, 25 Aug 2021CA$212.1bCA$276.5bCA$24.1b11x8.8x0.8x
Thu, 01 Jul 2021CA$203.1bCA$276.5bCA$24.1b10.2x8.4x0.7x
Sun, 04 Apr 2021CA$192.7bCA$283.4bCA$20.5b10x9.4x0.7x
Wed, 06 Jan 2021CA$169.1bCA$306.1bCA$15.4b9.7x11x0.6x
Sat, 10 Oct 2020CA$149.7bCA$280.6bCA$13.3b9.7x11.2x0.5x
Fri, 03 Jul 2020CA$142.3bCA$290.5bCA$11.3b14.1x12.6x0.5x
Mon, 06 Apr 2020CA$136.9bCA$244.2bCA$10.9b13.4x12.6x0.6x
Thu, 09 Jan 2020CA$180.6bCA$271.1bCA$16.2b13x11.1x0.7x
Price to Earnings Ratio

13x


Total Market Cap: CA$177.9bTotal Earnings: CA$13.7bTotal Revenue: CA$268.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Insurance Industry Price to Earnings3Y Average 10.1x202020212022
Current Industry PE
  • Investors are relatively neutral on the Canadian 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 10.1x.
  • The industry is trading close to its 3-year average PS ratio of 0.67x.
Past Earnings Growth
  • The earnings for companies in the Insurance industry have grown 12% per year over the last three years.
  • Meanwhile revenues for these companies have declined 6.4% 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 Market0.22%
Financials-0.014%
Insurance1.63%
Property and Casualty Insurance3.09%
Life and Health Insurance1.03%
Insurance Brokers0%
General Insurance0%
Reinsurance0%
Industry PE
  • Investors are most optimistic about the Property and Casualty Insurance industry, which is trading close to its 3-year average PE ratio of 19.3x.
    • Analysts are expecting annual earnings growth of 3.4%, which is lower than the prior year's growth of 19.1% per year.
  • Investors are most pessimistic about the Insurance Brokers industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
  • Analysts are most optimistic on the Property and Casualty Insurance industry, expecting annual earnings growth of 3.4% over the next 5 years.
  • However this is lower than its past earnings growth rate of 19% per year.
  • In contrast, the Life and Health Insurance industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
IFC Intact FinancialCA$199.303.3%
+CA$1.1b
25.7%PE13.2x
FFH Fairfax Financial HoldingsCA$786.003.6%
+CA$696.2m
38.6%PE263.2x
SLF Sun Life FinancialCA$62.671.6%
+CA$562.9m
-7.6%PE11.5x
MFC Manulife FinancialCA$23.951.2%
+CA$546.3m
4.9%PE6.2x
IAG iA FinancialCA$75.542.5%
+CA$195.6m
11.3%PE10x
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SLF

CA$62.67

Sun Life Financial

7D

1.6%

1Y

-7.6%

GWO

CA$32.04

Great-West Lifeco

7D

0.3%

1Y

-13.6%

FFH

CA$786.00

Fairfax Financial Holdings

7D

3.6%

1Y

38.6%

TSU

CA$42.57

Trisura Group

7D

1.2%

1Y

-2.8%

IAG

CA$75.54

iA Financial

7D

2.5%

1Y

11.3%

MFC

CA$23.95

Manulife Financial

7D

1.2%

1Y

4.9%

ELF

CA$900.00

E-L Financial

7D

3.2%

1Y

0%

SFC

CA$5.80

Sagicor Financial

7D

-1.2%

1Y

-5.2%

IFC

CA$199.30

Intact Financial

7D

3.3%

1Y

25.7%

ICPH

CA$2.35

ICPEI Holdings

7D

-4.5%

1Y

6.8%