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Canadian (TSX) Insurance Industry Analysis

UpdatedMar 28, 2024
DataAggregated Company Financials
Companies12
  • 7D-0.9%
  • 3M8.5%
  • 1Y26.0%
  • YTD8.3%

The Insurance industry has been flat over the last week, but Fairfax Financial Holdings has lost 3.4%. The past year has been better, since the industry has gained 26% in that time. Earnings are forecast to grow by 6.6% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 28 Mar 2024CA$261.5bCA$220.0bCA$22.8b12.6x11.5x1.2x
Sat, 24 Feb 2024CA$263.5bCA$230.5bCA$22.1b13.9x11.9x1.1x
Mon, 22 Jan 2024CA$245.2bCA$229.7bCA$29.2b10.1x8.4x1.1x
Wed, 20 Dec 2023CA$240.9bCA$229.4bCA$29.2b9.9x8.3x1.1x
Fri, 17 Nov 2023CA$235.9bCA$222.8bCA$29.5b10x8x1.1x
Sun, 15 Oct 2023CA$224.4bCA$231.5bCA$27.2b9.4x8.2x1x
Tue, 12 Sep 2023CA$226.5bCA$248.2bCA$27.2b9.2x8.3x0.9x
Thu, 10 Aug 2023CA$231.5bCA$251.9bCA$23.4b9.7x9.9x0.9x
Sat, 08 Jul 2023CA$222.9bCA$239.5bCA$23.4b10.4x9.5x0.9x
Mon, 05 Jun 2023CA$225.9bCA$234.2bCA$23.4b10.8x9.6x1x
Wed, 03 May 2023CA$223.6bCA$205.9bCA$20.3b12.6x11x1.1x
Fri, 31 Mar 2023CA$209.9bCA$205.6bCA$20.3b11.4x10.3x1x
Sun, 26 Feb 2023CA$220.7bCA$210.3bCA$20.6b11.5x10.7x1x
Tue, 24 Jan 2023CA$212.4bCA$219.2bCA$19.4b11.2x11x1x
Thu, 22 Dec 2022CA$205.0bCA$219.8bCA$19.4b10.6x10.6x0.9x
Sat, 19 Nov 2022CA$200.3bCA$219.2bCA$19.4b10.3x10.3x0.9x
Mon, 17 Oct 2022CA$184.8bCA$238.5bCA$21.4b8.7x8.6x0.8x
Wed, 14 Sep 2022CA$201.8bCA$236.0bCA$21.4b9.7x9.4x0.9x
Fri, 12 Aug 2022CA$204.0bCA$264.9bCA$23.3b9.6x8.8x0.8x
Sun, 10 Jul 2022CA$196.1bCA$299.1bCA$26.1b8x7.5x0.7x
Tue, 07 Jun 2022CA$203.6bCA$298.1bCA$26.0b8.6x7.8x0.7x
Thu, 05 May 2022CA$211.0bCA$304.9bCA$24.7b7.9x8.5x0.7x
Sat, 02 Apr 2022CA$222.1bCA$303.9bCA$25.5b8.2x8.7x0.7x
Mon, 28 Feb 2022CA$220.7bCA$303.1bCA$25.9b9.6x8.5x0.7x
Wed, 26 Jan 2022CA$216.5bCA$292.8bCA$24.9b10x8.7x0.7x
Fri, 24 Dec 2021CA$214.3bCA$293.2bCA$25.0b9.8x8.6x0.7x
Sun, 21 Nov 2021CA$215.7bCA$292.7bCA$24.9b10x8.6x0.7x
Tue, 19 Oct 2021CA$210.7bCA$276.4bCA$24.1b10.6x8.7x0.8x
Thu, 16 Sep 2021CA$211.0bCA$276.5bCA$24.1b11.1x8.7x0.8x
Sat, 14 Aug 2021CA$213.2bCA$276.5bCA$24.1b11x8.8x0.8x
Wed, 09 Jun 2021CA$200.4bCA$283.4bCA$20.5b10.4x9.8x0.7x
Price to Earnings Ratio

9.4x


Total Market Cap: CA$192.7bTotal Earnings: CA$20.5bTotal Revenue: CA$283.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Insurance Industry Price to Earnings3Y Average 9.1x202220232024
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 11.5x which is higher than its 3-year average PE of 9.1x.
  • The 3-year average PS ratio of 0.86x is lower than the industry's current PS ratio of 1.2x.
Past Earnings Growth
  • The earnings for companies in the Insurance industry have grown 3.6% per year over the last three years.
  • Meanwhile revenues for these companies have declined 8.1% 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 Market0.43%
Financials0.41%
Insurance-0.95%
Insurance Brokers0%
General Insurance0%
Reinsurance0%
Life and Health Insurance-0.39%
Property and Casualty Insurance-2.19%
Industry PE
  • Investors are most optimistic about the Life and Health Insurance industry which is trading above its 3-year average PE ratio of 8.5x.
    • Analysts are expecting annual earnings growth of 8.2%, which is higher than its past year's earnings growth of 5.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Life and Health Insurance industry, expecting annual earnings growth of 8.2% over the next 5 years.
  • This is better than its past earnings growth rate of 5.8% per year.
  • In contrast, the Property and Casualty Insurance industry is expected to see its earnings grow by 2.9% 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
MFC Manulife FinancialCA$33.431.7%
+CA$1.0b
37.1%PE12.6x
ELF E-L FinancialCA$1.07k1.9%
+CA$67.4m
18.9%PE3.9x
SFC Sagicor FinancialCA$7.002.2%
+CA$21.1m
44.0%PE1.8x
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Latest News

TSU

CA$42.19

Trisura Group

7D

-3.2%

1Y

35.1%

SLF

CA$73.80

Sun Life Financial

7D

-0.7%

1Y

18.5%

POW

CA$37.91

Power Corporation of Canada

7D

-3.5%

1Y

9.7%

FFH

CA$1,468.10

Fairfax Financial Holdings

7D

-3.4%

1Y

63.1%

ELF

CA$1,070.00

E-L Financial

7D

1.9%

1Y

18.9%

IAG

CA$84.64

iA Financial

7D

-2.5%

1Y

1.2%

IFC

CA$220.49

Intact Financial

7D

-1.2%

1Y

16.3%

MFC

CA$33.43

Manulife Financial

7D

1.7%

1Y

37.1%

GWO

CA$42.92

Great-West Lifeco

7D

-1.0%

1Y

22.9%

SFC

CA$7.00

Sagicor Financial

7D

2.2%

1Y

44.0%