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Canadian (TSX) Insurance Industry Analysis

UpdatedFeb 29, 2024
DataAggregated Company Financials
Companies12
  • 7D0.8%
  • 3M8.8%
  • 1Y16.5%
  • YTD7.4%

In the last week, Insurance has been flat. The past year has been better, since the industry has gained 19% in that time. Earnings are forecast to grow by 9.9% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 29 Feb 2024CA$260.8bCA$235.9bCA$22.3b13.7x11.7x1.1x
Sat, 27 Jan 2024CA$251.1bCA$229.7bCA$29.2b10.2x8.6x1.1x
Mon, 25 Dec 2023CA$239.7bCA$229.1bCA$29.2b9.9x8.2x1x
Wed, 22 Nov 2023CA$236.6bCA$230.7bCA$29.3b10.1x8.1x1x
Fri, 20 Oct 2023CA$219.9bCA$231.7bCA$27.2b9.4x8.1x0.9x
Sun, 17 Sep 2023CA$232.5bCA$248.0bCA$27.2b9.3x8.6x0.9x
Tue, 15 Aug 2023CA$231.9bCA$247.0bCA$27.0b9.4x8.6x0.9x
Thu, 13 Jul 2023CA$221.9bCA$239.2bCA$23.4b10.5x9.5x0.9x
Sat, 10 Jun 2023CA$223.8bCA$233.9bCA$23.4b10.6x9.6x1x
Mon, 08 May 2023CA$220.7bCA$205.2bCA$20.3b12.5x10.9x1.1x
Wed, 05 Apr 2023CA$211.6bCA$205.4bCA$20.3b11.4x10.4x1x
Fri, 03 Mar 2023CA$222.0bCA$210.3bCA$20.6b11.6x10.8x1.1x
Sun, 29 Jan 2023CA$215.3bCA$219.0bCA$19.4b11.4x11.1x1x
Tue, 27 Dec 2022CA$204.6bCA$219.8bCA$19.4b10.5x10.5x0.9x
Thu, 24 Nov 2022CA$201.8bCA$219.2bCA$19.4b10.5x10.4x0.9x
Sat, 22 Oct 2022CA$187.7bCA$238.1bCA$21.4b8.9x8.8x0.8x
Mon, 19 Sep 2022CA$196.8bCA$236.9bCA$21.4b9.4x9.2x0.8x
Wed, 17 Aug 2022CA$204.6bCA$235.8bCA$21.4b9.7x9.6x0.9x
Fri, 15 Jul 2022CA$192.9bCA$299.7bCA$26.1b7.8x7.4x0.6x
Sun, 12 Jun 2022CA$197.8bCA$298.7bCA$26.0b8.3x7.6x0.7x
Tue, 10 May 2022CA$209.5bCA$303.5bCA$24.9b7.6x8.4x0.7x
Thu, 07 Apr 2022CA$221.5bCA$303.9bCA$25.5b8.2x8.7x0.7x
Sat, 05 Mar 2022CA$215.7bCA$303.2bCA$25.9b9.2x8.3x0.7x
Mon, 31 Jan 2022CA$221.2bCA$293.1bCA$25.0b10.2x8.8x0.8x
Wed, 29 Dec 2021CA$215.0bCA$293.2bCA$25.0b9.8x8.6x0.7x
Fri, 26 Nov 2021CA$215.8bCA$292.8bCA$25.0b9.8x8.7x0.7x
Sun, 24 Oct 2021CA$210.6bCA$276.4bCA$24.1b10.6x8.7x0.8x
Tue, 21 Sep 2021CA$208.8bCA$277.5bCA$24.3b10.6x8.6x0.8x
Thu, 19 Aug 2021CA$211.9bCA$276.5bCA$24.1b10.8x8.8x0.8x
Thu, 03 Jun 2021CA$200.4bCA$283.4bCA$20.5b10.4x9.8x0.7x
Sun, 07 Mar 2021CA$182.8bCA$306.1bCA$15.4b10.5x11.9x0.6x
Price to Earnings Ratio

11.9x


Total Market Cap: CA$182.8bTotal Earnings: CA$15.4bTotal Revenue: CA$306.1bTotal 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 11.8x which is higher than its 3-year average PE of 9.1x.
  • The 3-year average PS ratio of 0.85x is lower than the industry's current PS ratio of 1.1x.
Past Earnings Growth
  • The earnings for companies in the Insurance industry have grown 13% per year over the last three years.
  • Meanwhile revenues for these companies have declined 8.3% 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 Market0.40%
Financials0.37%
Insurance0.78%
Property and Casualty Insurance3.32%
Insurance Brokers0%
General Insurance0%
Reinsurance0%
Life and Health Insurance-0.32%
Industry PE
  • Investors are most optimistic about the Life and Health Insurance industry which is trading above its 3-year average PE ratio of 8.4x.
    • Analysts are expecting annual earnings growth of 12.5%, which is higher than its past year's earnings decline of 6.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Life and Health Insurance industry, expecting annual earnings growth of 12% over the next 5 years.
  • This is better than its past earnings decline of 6.8% per year.
  • In contrast, the Property and Casualty Insurance industry is expected to see its earnings grow by 4.3% 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
SLF Sun Life FinancialCA$73.080.8%
+CA$321.5m
10.2%PE13.8x
IFC Intact FinancialCA$227.760.7%
+CA$272.8m
15.8%PE33x
TSU Trisura GroupCA$44.206.5%
+CA$127.6m
19.1%PE31.3x
DFY Definity FinancialCA$45.092.2%
+CA$109.1m
25.9%PE14.8x
SFC Sagicor FinancialCA$6.697.0%
+CA$62.0m
37.9%PE1.7x
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