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Canadian (TSX) Insurance Industry Analysis

UpdatedApr 24, 2025
DataAggregated Company Financials
Companies12
  • 7D2.3%
  • 3M4.0%
  • 1Y30.5%
  • YTD4.0%

Over the last 7 days, the Insurance industry has risen 2.3%, driven by gains from Manulife Financial of 4.2%. This takes the industry's 12 month performance to a gain of 31%. Earnings are forecast to grow by 5.1% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 25 Apr 2025CA$318.7bCA$233.4bCA$25.7b13.4x12.4x1.4x
Sun, 23 Mar 2025CA$323.9bCA$235.0bCA$25.9b13.2x12.5x1.4x
Tue, 18 Feb 2025CA$319.1bCA$235.0bCA$26.2b13.8x12.2x1.4x
Thu, 16 Jan 2025CA$304.5bCA$233.8bCA$26.5b12.2x11.5x1.3x
Sat, 14 Dec 2024CA$317.2bCA$233.4bCA$26.5b13.4x12x1.4x
Mon, 11 Nov 2024CA$314.6bCA$230.8bCA$26.3b12.4x11.9x1.4x
Wed, 09 Oct 2024CA$295.0bCA$224.4bCA$24.6b14.6x12x1.3x
Fri, 06 Sep 2024CA$282.2bCA$223.9bCA$24.5b13.2x11.5x1.3x
Sun, 04 Aug 2024CA$260.9bCA$221.1bCA$24.2b11.7x10.8x1.2x
Tue, 02 Jul 2024CA$261.5bCA$218.2bCA$23.3b11.3x11.2x1.2x
Thu, 30 May 2024CA$265.5bCA$218.0bCA$23.3b12x11.4x1.2x
Sat, 27 Apr 2024CA$254.6bCA$218.4bCA$23.1b12x11x1.2x
Mon, 25 Mar 2024CA$260.8bCA$220.2bCA$22.8b12.3x11.4x1.2x
Wed, 21 Feb 2024CA$262.7bCA$236.3bCA$22.5b13.8x11.7x1.1x
Fri, 19 Jan 2024CA$243.0bCA$229.9bCA$29.2b10x8.3x1.1x
Sun, 17 Dec 2023CA$242.5bCA$229.5bCA$29.2b9.8x8.3x1.1x
Tue, 14 Nov 2023CA$230.7bCA$229.5bCA$28.2b10.1x8.2x1x
Thu, 12 Oct 2023CA$226.7bCA$231.3bCA$27.2b9.5x8.3x1x
Sat, 09 Sep 2023CA$226.6bCA$248.4bCA$27.2b9.3x8.3x0.9x
Mon, 07 Aug 2023CA$231.9bCA$235.7bCA$24.8b9.9x9.4x1x
Wed, 05 Jul 2023CA$226.2bCA$239.3bCA$23.4b10.6x9.7x0.9x
Fri, 02 Jun 2023CA$222.1bCA$234.3bCA$23.4b10.7x9.5x0.9x
Sun, 30 Apr 2023CA$224.3bCA$205.7bCA$20.3b12.6x11x1.1x
Tue, 28 Mar 2023CA$208.8bCA$206.1bCA$20.4b11.2x10.2x1x
Thu, 23 Feb 2023CA$221.6bCA$210.1bCA$20.6b11.5x10.7x1.1x
Sat, 21 Jan 2023CA$212.1bCA$219.2bCA$19.4b11.2x10.9x1x
Mon, 19 Dec 2022CA$202.3bCA$220.1bCA$19.4b10.4x10.4x0.9x
Wed, 16 Nov 2022CA$199.3bCA$224.1bCA$19.7b9.9x10.1x0.9x
Fri, 14 Oct 2022CA$183.7bCA$238.3bCA$21.4b8.7x8.6x0.8x
Sun, 11 Sep 2022CA$199.4bCA$236.2bCA$21.4b9.5x9.3x0.8x
Tue, 09 Aug 2022CA$202.3bCA$265.1bCA$23.3b9.4x8.7x0.8x
Thu, 07 Jul 2022CA$190.9bCA$299.5bCA$26.1b7.9x7.3x0.6x
Sat, 04 Jun 2022CA$201.9bCA$298.1bCA$26.0b8.6x7.8x0.7x
Mon, 02 May 2022CA$213.3bCA$304.8bCA$24.7b7.9x8.6x0.7x
Price to Earnings Ratio

8.6x


Total Market Cap: CA$213.3bTotal Earnings: CA$24.7bTotal Revenue: CA$304.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Insurance Industry Price to Earnings3Y Average 10.2x202320242025
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 12.4x which is higher than its 3-year average PE of 10.2x.
  • The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.4x.
Past Earnings Growth
  • The earnings for companies in the Insurance industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have declined 8.5% per year.
  • This means that the cost of doing business could be reducing since sales have declined but profits have remained steady.

Industry Trends

Which industries have driven the changes within the Canadian Financials industry?

CA Market1.42%
Financials2.76%
Insurance2.32%
Life and Health Insurance2.38%
Property and Casualty Insurance2.22%
Insurance Brokers0%0
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 Life and Health Insurance industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 9.5x.
Forecasted Growth
  • Analysts are most optimistic on the Life and Health Insurance industry, expecting annual earnings growth of 7.8% over the next 5 years.
  • However this is lower than its past earnings growth rate of 21% per year.
  • In contrast, the Property and Casualty 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
MFC Manulife FinancialCA$41.855.5%
+CA$3.8b		31.0%PE14.2x
SLF Sun Life FinancialCA$80.843.5%
+CA$1.5b		15.3%PE15x
IFC Intact FinancialCA$298.791.7%
+CA$866.7m		35.2%PE24.1x
POW Power Corporation of CanadaCA$50.902.4%
+CA$765.6m		38.9%PE11.6x
FFH Fairfax Financial HoldingsCA$2.09k1.7%
+CA$762.6m		40.6%PE8.4x
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IFC

CA$298.79

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7D

1.7%

1Y

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FFH

CA$2,089.98

Fairfax Financial Holdings

7D

1.7%

1Y

40.6%

MFC

CA$41.85

Manulife Financial

7D

5.5%

1Y

31.0%

GWO

CA$53.11

Great-West Lifeco

7D

1.2%

1Y

32.1%

SFC

CA$7.86

Sagicor Financial

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-2.1%

1Y

14.7%

SLF

CA$80.84

Sun Life Financial

7D

3.5%

1Y

15.3%