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Canadian (TSX) Life and Health Insurance Industry Analysis

UpdatedDec 21, 2024
DataAggregated Company Financials
Companies7
  • 7D-1.0%
  • 3M8.9%
  • 1Y29.5%
  • YTDn/a

Over the last 7 days, the Life and Health Insurance industry has dropped 1.4%, and Manulife Financial contributed the most with a 1.2% decline. In the past year, the industry has gained 29%. Looking forward, earnings are forecast to grow by 8.9% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 21 Dec 2024CA$214.8bCA$146.9bCA$18.1b12.7x11.9x1.5x
Mon, 18 Nov 2024CA$222.4bCA$145.9bCA$18.1b12.7x12.3x1.5x
Wed, 16 Oct 2024CA$207.3bCA$142.3bCA$16.6b11.7x12.5x1.5x
Fri, 13 Sep 2024CA$193.3bCA$142.2bCA$16.5b11.4x11.7x1.4x
Sun, 11 Aug 2024CA$176.2bCA$140.5bCA$16.7b10.4x10.6x1.3x
Tue, 09 Jul 2024CA$178.1bCA$138.3bCA$16.1b11x11.1x1.3x
Thu, 06 Jun 2024CA$180.6bCA$138.4bCA$16.1b11.4x11.2x1.3x
Sat, 04 May 2024CA$176.2bCA$140.5bCA$15.9b10.8x11.1x1.3x
Mon, 01 Apr 2024CA$182.5bCA$139.5bCA$15.5b10.8x11.8x1.3x
Wed, 28 Feb 2024CA$180.2bCA$157.3bCA$14.7b12.3x12.3x1.1x
Fri, 26 Jan 2024CA$173.5bCA$164.0bCA$23.6b7.5x7.4x1.1x
Sun, 24 Dec 2023CA$169.9bCA$164.0bCA$23.6b7.5x7.2x1x
Tue, 21 Nov 2023CA$165.2bCA$164.1bCA$23.6b7.3x7x1x
Thu, 19 Oct 2023CA$155.0bCA$164.7bCA$21.9b7.3x7.1x0.9x
Sat, 16 Sep 2023CA$160.4bCA$181.6bCA$21.9b7.6x7.3x0.9x
Mon, 14 Aug 2023CA$163.1bCA$177.7bCA$21.9b7.8x7.5x0.9x
Wed, 12 Jul 2023CA$157.1bCA$176.4bCA$18.4b9.1x8.5x0.9x
Fri, 09 Jun 2023CA$158.7bCA$170.7bCA$18.4b8.9x8.6x0.9x
Sun, 07 May 2023CA$156.7bCA$144.0bCA$16.2b11.1x9.7x1.1x
Tue, 04 Apr 2023CA$149.8bCA$144.1bCA$16.2b10.7x9.2x1x
Thu, 02 Mar 2023CA$159.1bCA$148.5bCA$16.4b11.3x9.7x1.1x
Sat, 28 Jan 2023CA$153.6bCA$160.4bCA$16.4b10.9x9.3x1x
Mon, 26 Dec 2022CA$142.5bCA$160.5bCA$16.4b10.1x8.7x0.9x
Wed, 23 Nov 2022CA$141.7bCA$160.5bCA$16.4b9.9x8.6x0.9x
Fri, 21 Oct 2022CA$131.3bCA$179.0bCA$17.8b8.7x7.4x0.7x
Sun, 18 Sep 2022CA$137.8bCA$178.9bCA$17.8b9.2x7.7x0.8x
Tue, 16 Aug 2022CA$145.6bCA$178.7bCA$17.8b9.6x8.2x0.8x
Thu, 14 Jul 2022CA$138.9bCA$242.0bCA$20.4b7.9x6.8x0.6x
Sat, 11 Jun 2022CA$144.1bCA$241.9bCA$20.4b8.3x7.1x0.6x
Mon, 09 May 2022CA$153.3bCA$248.0bCA$19.1b8.5x8x0.6x
Wed, 06 Apr 2022CA$165.0bCA$249.8bCA$19.0b8.9x8.7x0.7x
Fri, 04 Mar 2022CA$161.9bCA$248.4bCA$19.2b9x8.4x0.7x
Sun, 30 Jan 2022CA$169.9bCA$241.4bCA$18.7b9.4x9.1x0.7x
Tue, 28 Dec 2021CA$163.1bCA$241.4bCA$18.7b9.8x8.7x0.7x
Price to Earnings Ratio

8.7x


Total Market Cap: CA$163.1bTotal Earnings: CA$18.7bTotal Revenue: CA$241.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Life and Health Insurance Industry Price to Earnings3Y Average 9.1x202220232024
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 11.8x which is higher than its 3-year average PE of 9.1x.
  • The 3-year average PS ratio of 0.98x 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 15% 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 Market-2.58%
Financials-1.86%
Insurance-0.81%
Life and Health Insurance-1.05%
General Insurance0%
Reinsurance0%
Property and Casualty Insurance-0.31%
Insurance Brokers-3.85%
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$47.140.8%
+CA$344.8m		10.0%PE12.1x
Simply Wall St™
Simply Wall Street Pty Ltd
Level 7, 320 Pitt Street, Sydney
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Latest News

POW

CA$45.10

Power Corporation of Canada

7D

-2.7%

1Y

20.0%

ELF

CA$1,341.01

E-L Financial

7D

-3.4%

1Y

31.2%

Is Now The Time To Put E-L Financial (TSE:ELF) On Your Watchlist?

Dec 07
Is Now The Time To Put E-L Financial (TSE:ELF) On Your Watchlist?

MFC

CA$43.53

Manulife Financial

7D

-1.2%

1Y

49.8%

IAG

CA$132.33

iA Financial

7D

-0.9%

1Y

46.3%

GWO

CA$47.14

Great-West Lifeco

7D

0.8%

1Y

10.0%

SFC

CA$6.18

Sagicor Financial

7D

-2.7%

1Y

3.9%

SLF

CA$84.65

Sun Life Financial

7D

-1.1%

1Y

25.4%