Little Excitement Around E-L Financial Corporation Limited's (TSE:ELF) Earnings
Jan 22
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Canadian (TSX) Insurance Industry Analysis
UpdatedFeb 01, 2025
DataAggregated Company Financials
Companies12
- 7D-0.6%
- 3M3.0%
- 1Y27.1%
- YTD-0.8%
The Insurance industry has stayed flat over the last week. The past year has been better, since the industry has gained 27% in that time. Looking forward, earnings are forecast to grow by 4.8% annually.
Industry Valuation and Performance
Has the Canadian Insurance Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 01 Feb 2025 | CA$311.6b | CA$234.5b | CA$26.6b | 12.6x | 11.7x | 1.3x |
| Mon, 30 Dec 2024 | CA$317.9b | CA$234.1b | CA$26.6b | 12.9x | 12x | 1.4x |
| Wed, 27 Nov 2024 | CA$321.9b | CA$232.8b | CA$26.4b | 13x | 12.2x | 1.4x |
| Fri, 25 Oct 2024 | CA$301.0b | CA$225.1b | CA$24.7b | 14.7x | 12.2x | 1.3x |
| Sun, 22 Sep 2024 | CA$289.7b | CA$224.1b | CA$24.5b | 13.9x | 11.8x | 1.3x |
| Tue, 20 Aug 2024 | CA$272.4b | CA$224.3b | CA$24.6b | 12.7x | 11.1x | 1.2x |
| Thu, 18 Jul 2024 | CA$267.6b | CA$218.0b | CA$23.3b | 11.8x | 11.5x | 1.2x |
| Sat, 15 Jun 2024 | CA$255.4b | CA$218.1b | CA$23.3b | 11.2x | 10.9x | 1.2x |
| Mon, 13 May 2024 | CA$267.9b | CA$217.6b | CA$23.3b | 12.3x | 11.5x | 1.2x |
| Wed, 10 Apr 2024 | CA$260.5b | CA$218.1b | CA$23.0b | 12.6x | 11.3x | 1.2x |
| Fri, 08 Mar 2024 | CA$264.4b | CA$235.5b | CA$22.3b | 14.1x | 11.9x | 1.1x |
| Sun, 04 Feb 2024 | CA$253.1b | CA$229.8b | CA$29.2b | 10.3x | 8.7x | 1.1x |
| Tue, 02 Jan 2024 | CA$243.4b | CA$229.1b | CA$29.2b | 10x | 8.3x | 1.1x |
| Thu, 30 Nov 2023 | CA$238.7b | CA$229.6b | CA$28.9b | 9.9x | 8.3x | 1x |
| Sat, 28 Oct 2023 | CA$213.8b | CA$232.3b | CA$27.3b | 9.3x | 7.8x | 0.9x |
| Mon, 25 Sep 2023 | CA$229.8b | CA$231.0b | CA$27.2b | 9.3x | 8.5x | 1x |
| Wed, 23 Aug 2023 | CA$219.9b | CA$248.1b | CA$27.2b | 9.4x | 8.1x | 0.9x |
| Fri, 21 Jul 2023 | CA$228.3b | CA$239.2b | CA$23.4b | 10.8x | 9.8x | 1x |
| Sun, 18 Jun 2023 | CA$223.1b | CA$239.2b | CA$23.4b | 10.6x | 9.5x | 0.9x |
| Tue, 16 May 2023 | CA$221.5b | CA$247.2b | CA$23.2b | 11x | 9.5x | 0.9x |
| Thu, 13 Apr 2023 | CA$215.0b | CA$205.4b | CA$20.3b | 12.2x | 10.6x | 1x |
| Sat, 11 Mar 2023 | CA$214.9b | CA$211.0b | CA$20.6b | 11.3x | 10.4x | 1x |
| Mon, 06 Feb 2023 | CA$216.5b | CA$219.2b | CA$19.4b | 11.5x | 11.2x | 1x |
| Wed, 04 Jan 2023 | CA$204.5b | CA$220.0b | CA$19.4b | 10.5x | 10.5x | 0.9x |
| Fri, 02 Dec 2022 | CA$206.2b | CA$219.3b | CA$19.4b | 10.6x | 10.6x | 0.9x |
| Sun, 30 Oct 2022 | CA$196.5b | CA$237.8b | CA$21.4b | 9.4x | 9.2x | 0.8x |
| Tue, 27 Sep 2022 | CA$188.4b | CA$238.1b | CA$21.4b | 9x | 8.8x | 0.8x |
| Thu, 25 Aug 2022 | CA$199.2b | CA$236.0b | CA$21.4b | 9.6x | 9.3x | 0.8x |
| Sat, 23 Jul 2022 | CA$194.3b | CA$299.0b | CA$26.0b | 8x | 7.5x | 0.7x |
| Mon, 20 Jun 2022 | CA$188.2b | CA$299.4b | CA$26.1b | 7.7x | 7.2x | 0.6x |
| Wed, 18 May 2022 | CA$197.4b | CA$298.8b | CA$26.0b | 7.8x | 7.6x | 0.7x |
| Fri, 15 Apr 2022 | CA$221.7b | CA$304.2b | CA$25.5b | 8.2x | 8.7x | 0.7x |
| Sun, 13 Mar 2022 | CA$215.3b | CA$303.0b | CA$25.6b | 9.3x | 8.4x | 0.7x |
| Tue, 08 Feb 2022 | CA$226.6b | CA$292.9b | CA$25.0b | 10.5x | 9.1x | 0.8x |
Price to Earnings Ratio
9.1x
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 11.7x which is higher than its 3-year average PE of 9.9x.
- The 3-year average PS ratio of 1.0x 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 2.1% 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 | -0.47% | |
| Financials | -0.00084% | |
| Insurance | -0.57% | |
| General Insurance | 0% | 0 |
| Reinsurance | 0% | 0 |
| Life and Health Insurance | -0.11% | |
| Property and Casualty Insurance | -1.56% | |
| Insurance Brokers | -3.70% | |
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 13.0x.
Forecasted Growth
- Analysts are most optimistic on the Life and Health Insurance industry, expecting annual earnings growth of 8.6% 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 3.6% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| POW Power Corporation of Canada | CA$44.05 | 1.7% +CA$463.5m | 12.8% | PE12.4x | |
| GWO Great-West Lifeco | CA$46.99 | 0.7% +CA$307.5m | 5.3% | PE12x | |
| IAG iA Financial | CA$134.21 | 0.9% +CA$112.8m | 48.4% | PE12.9x | |
| SFC Sagicor Financial | CA$6.80 | 1.5% +CA$13.5m | 10.9% | PE1.2x |
