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Canadian (TSX) Life and Health Insurance Industry Analysis

UpdatedSep 25, 2025
DataAggregated Company Financials
Companies7
  • 7D0.8%
  • 3M0.4%
  • 1Y16.1%
  • YTDn/a

In the last week, Life and Health Insurance has been flat. As for the the longer term, the industry is up 16% over the past 12 months. Earnings are forecast to grow by 8.7% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 25 Sep 2025CA$228.3bCA$152.3bCA$17.5b13.4x13x1.5x
Sat, 23 Aug 2025CA$225.5bCA$152.3bCA$17.5b13.4x12.9x1.5x
Mon, 21 Jul 2025CA$223.1bCA$149.3bCA$16.5b12.8x13.5x1.5x
Wed, 18 Jun 2025CA$224.0bCA$149.3bCA$16.5b12.4x13.6x1.5x
Fri, 16 May 2025CA$223.1bCA$149.3bCA$16.5b12.4x13.5x1.5x
Sun, 13 Apr 2025CA$205.6bCA$148.6bCA$17.6b11.8x11.7x1.4x
Tue, 11 Mar 2025CA$217.2bCA$147.2bCA$17.7b12.1x12.3x1.5x
Thu, 06 Feb 2025CA$210.6bCA$146.9bCA$18.1b12.6x11.7x1.4x
Sat, 04 Jan 2025CA$215.2bCA$146.9bCA$18.1b12.4x11.9x1.5x
Mon, 02 Dec 2024CA$224.2bCA$146.8bCA$18.1b13x12.4x1.5x
Wed, 30 Oct 2024CA$208.4bCA$142.3bCA$16.6b11.9x12.6x1.5x
Fri, 27 Sep 2024CA$200.2bCA$142.2bCA$16.5b11.5x12.1x1.4x
Sun, 25 Aug 2024CA$188.7bCA$142.2bCA$16.5b10.9x11.4x1.3x
Tue, 23 Jul 2024CA$179.4bCA$138.4bCA$16.1b11.6x11.2x1.3x
Thu, 20 Jun 2024CA$175.1bCA$138.4bCA$16.1b11.1x10.9x1.3x
Sat, 18 May 2024CA$184.0bCA$138.3bCA$16.1b12.2x11.5x1.3x
Mon, 15 Apr 2024CA$172.7bCA$139.5bCA$15.5b10.5x11.2x1.2x
Wed, 13 Mar 2024CA$179.9bCA$158.9bCA$14.7b12.1x12.2x1.1x
Fri, 09 Feb 2024CA$177.4bCA$168.4bCA$23.0b7.6x7.7x1.1x
Sun, 07 Jan 2024CA$171.4bCA$164.0bCA$23.6b7.3x7.3x1x
Tue, 05 Dec 2023CA$167.4bCA$163.4bCA$23.2b7.5x7.2x1x
Thu, 02 Nov 2023CA$150.6bCA$164.7bCA$21.9b7.1x6.9x0.9x
Sat, 30 Sep 2023CA$156.4bCA$164.6bCA$21.9b7.5x7.1x1x
Mon, 28 Aug 2023CA$154.3bCA$181.6bCA$21.9b7.4x7x0.8x
Wed, 26 Jul 2023CA$163.4bCA$176.4bCA$18.4b9.2x8.9x0.9x
Fri, 23 Jun 2023CA$156.1bCA$176.4bCA$18.4b8.9x8.5x0.9x
Sun, 21 May 2023CA$160.6bCA$177.3bCA$18.1b11x8.9x0.9x
Tue, 18 Apr 2023CA$153.7bCA$144.1bCA$16.2b10.9x9.5x1.1x
Thu, 16 Mar 2023CA$147.5bCA$148.6bCA$16.4b10.3x9x1x
Sat, 11 Feb 2023CA$154.4bCA$111.6bCA$16.6b10.5x9.3x1.4x
Mon, 09 Jan 2023CA$146.3bCA$160.5bCA$16.4b10.6x8.9x0.9x
Wed, 07 Dec 2022CA$143.0bCA$160.5bCA$16.4b9.9x8.7x0.9x
Fri, 04 Nov 2022CA$137.0bCA$179.0bCA$17.8b9.2x7.7x0.8x
Sun, 02 Oct 2022CA$130.7bCA$179.0bCA$17.8b8.7x7.3x0.7x
Price to Earnings Ratio

7.3x


Total Market Cap: CA$130.7bTotal Earnings: CA$17.8bTotal Revenue: CA$179.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Life and Health Insurance Industry Price to Earnings3Y Average 10.3x202320242025
Current Industry PE
  • Investors are optimistic on the Canadian Life and Health Insurance industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 13.0x which is higher than its 3-year average PE of 10.3x.
  • The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 1.5x.
Past Earnings Growth
  • The earnings for companies in the Life and Health Insurance industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have declined 5.2% per year.
  • This means that the cost of doing business could be reducing since sales have declined but profits have remained steady.

Industry Comparison

How does Canadian Life and Health Insurance compare with similar industries?

CA Market1.43%
Financials0.88%
Insurance0.46%
Life and Health Insurance0.81%
Insurance Brokers0%0
General Insurance0%0
Reinsurance0%0
Property and Casualty Insurance-0.22%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
GWO Great-West LifecoCA$54.021.4%
+CA$684.1m		18.0%PE13.4x
MFC Manulife FinancialCA$43.050.8%
+CA$576.1m		9.6%PE13.4x
SLF Sun Life FinancialCA$82.000.8%
+CA$381.1m		5.5%PE14.2x
POW Power Corporation of CanadaCA$57.950.6%
+CA$197.5m		34.4%PE13.4x
ELF E-L FinancialCA$16.610.5%
+CA$31.2m		28.0%PE4.7x

Latest News

ELF
CA$16.61
E-L Financial
7D
0.5%
1Y
28.0%
POW
CA$57.95
Power Corporation of Canada
7D
0.6%
1Y
34.4%
GWO
CA$54.02
Great-West Lifeco
7D
1.4%
1Y
18.0%

Digital Transformation And Aging Trends Will Expand Global Wealth Management

With both the Future P/E and Net Profit Margin for Great-West Lifeco remaining effectively unchanged, the consensus analyst price target was only marginally raised from CA$55.00 to CA$55.73. What's in the News Increased equity buyback authorization by 20,000,000 shares, totaling 40,000,000 shares.
IAG
CA$153.28
iA Financial
7D
-0.4%
1Y
39.3%
SFC
CA$8.38
Sagicor Financial
7D
-2.6%
1Y
48.1%
SLF
CA$82.00
Sun Life Financial
7D
0.8%
1Y
5.5%

Asian Markets And Digital Investments Will Drive Long Term Value

Analysts have slightly lowered their outlook on Sun Life Financial, citing weakness in the U.S. segment and asset management despite resilient profitability and stable fundamentals, resulting in the consensus price target remaining unchanged at CA$87.17. Analyst Commentary Recent Q2 results were generally in line with expectations, but showed weakness in the U.S. segment and Asset Management, leading to lowered price targets.
MFC
CA$43.05
Manulife Financial
7D
0.8%
1Y
9.6%