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Canadian (TSX) Life and Health Insurance Industry Analysis

UpdatedJun 26, 2026
DataAggregated Company Financials
Companies7
  • 7D-1.5%
  • 3M28.7%
  • 1Y41.6%
  • YTDn/a

Over the last 7 days, the Life and Health Insurance industry has dropped 1.5%, driven by Power Corporation of Canada declining 4.7%. In the past year, the industry has gained 42%. As for the next few years, earnings are expected to grow by 9.1% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 26 Jun 2026CA$313.5bCA$157.2bCA$18.1b18.6x17.3x2x
Sun, 24 May 2026CA$289.8bCA$157.1bCA$18.1b16.6x16x1.8x
Tue, 21 Apr 2026CA$274.7bCA$154.5bCA$17.6b15.3x15.6x1.8x
Thu, 19 Mar 2026CA$249.0bCA$154.1bCA$18.1b13.9x13.7x1.6x
Sat, 14 Feb 2026CA$251.7bCA$152.4bCA$18.5b14.1x13.6x1.7x
Mon, 12 Jan 2026CA$266.3bCA$155.6bCA$18.1b15.1x14.7x1.7x
Wed, 10 Dec 2025CA$254.4bCA$155.6bCA$18.1b14.7x14.1x1.6x
Fri, 07 Nov 2025CA$248.1bCA$153.7bCA$17.7b13.9x14x1.6x
Sun, 05 Oct 2025CA$234.7bCA$152.3bCA$17.5b13.9x13.4x1.5x
Tue, 02 Sep 2025CA$224.7bCA$152.2bCA$17.5b13.5x12.8x1.5x
Thu, 31 Jul 2025CA$224.9bCA$149.3bCA$16.5b13.1x13.6x1.5x
Sat, 28 Jun 2025CA$227.1bCA$149.3bCA$16.5b12.7x13.8x1.5x
Mon, 26 May 2025CA$222.6bCA$149.3bCA$18.5b12.5x12x1.5x
Wed, 23 Apr 2025CA$209.5bCA$148.6bCA$17.6b12.1x11.9x1.4x
Fri, 21 Mar 2025CA$219.8bCA$148.7bCA$17.6b12.3x12.5x1.5x
Sun, 16 Feb 2025CA$214.0bCA$148.9bCA$17.9b12.5x11.9x1.4x
Tue, 14 Jan 2025CA$210.7bCA$146.9bCA$18.1b11.9x11.7x1.4x
Thu, 12 Dec 2024CA$222.7bCA$146.9bCA$18.1b13.2x12.3x1.5x
Sat, 09 Nov 2024CA$219.2bCA$145.2bCA$18.1b12.5x12.1x1.5x
Mon, 07 Oct 2024CA$205.2bCA$142.2bCA$16.5b11.6x12.4x1.4x
Wed, 04 Sep 2024CA$191.7bCA$142.2bCA$16.5b11.2x11.6x1.3x
Fri, 02 Aug 2024CA$183.4bCA$138.4bCA$16.1b11.7x11.4x1.3x
Sun, 30 Jun 2024CA$178.9bCA$138.4bCA$16.1b11.2x11.1x1.3x
Tue, 28 May 2024CA$185.4bCA$138.3bCA$16.1b12.1x11.5x1.3x
Thu, 25 Apr 2024CA$173.9bCA$139.5bCA$15.5b10.7x11.2x1.2x
Sat, 23 Mar 2024CA$180.0bCA$141.5bCA$15.3b11x11.8x1.3x
Mon, 19 Feb 2024CA$180.4bCA$166.6bCA$15.2b12.5x11.9x1.1x
Wed, 17 Jan 2024CA$169.6bCA$164.0bCA$23.6b7.1x7.2x1x
Fri, 15 Dec 2023CA$172.2bCA$164.0bCA$23.6b7.7x7.3x1x
Sun, 12 Nov 2023CA$157.9bCA$158.0bCA$21.6b8.6x7.3x1x
Tue, 10 Oct 2023CA$155.5bCA$164.6bCA$21.9b7.5x7.1x0.9x
Thu, 07 Sep 2023CA$159.6bCA$181.7bCA$21.9b7.5x7.3x0.9x
Sat, 05 Aug 2023CA$163.4bCA$176.9bCA$18.4b9.2x8.9x0.9x
Mon, 03 Jul 2023CA$159.3bCA$176.5bCA$18.4b9.2x8.6x0.9x
Price to Earnings Ratio

8.6x


Total Market Cap: CA$159.3bTotal Earnings: CA$18.4bTotal Revenue: CA$176.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Life and Health Insurance Industry Price to Earnings3Y Average 11.8x202420252026
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 17.3x which is higher than its 3-year average PE of 11.8x.
  • The 3-year average PS ratio of 1.4x is lower than the industry's current PS ratio of 2.0x.
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 3.8% 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-0.90%
Financials0.20%
Insurance-0.24%
Life and Health Insurance-1.53%
Insurance Brokers5.68%
Property and Casualty Insurance3.41%
General Insurance0%0
Reinsurance0%0
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
IAG iA FinancialCA$192.530.9%
+CA$157.5m		31.4%PE17.1x
ELF E-L FinancialCA$16.850.5%
+CA$27.7m		6.3%PE5x
SFC Sagicor FinancialCA$8.351.5%
+CA$16.3m		-0.1%PE31x

Latest News

MFC
CA$57.04
Manulife Financial
7D
-0.7%
1Y
30.4%
ELF
CA$16.85
E-L Financial
7D
0.5%
1Y
6.3%
GWO
CA$88.70
Great-West Lifeco
7D
-1.1%
1Y
72.8%
POW
CA$85.90
Power Corporation of Canada
7D
-4.7%
1Y
60.5%
SLF
CA$110.10
Sun Life Financial
7D
-1.4%
1Y
23.4%
Narrative Update • Jun 22

SLF: U.S. Turnaround And Acquisitions Will Test Rich 2026 Expectations

Analysts have lifted their CA$ price targets on Sun Life Financial, with recent increases such as Argus moving to CA$81 from CA$70. These changes are supported by views that the stock is attractively valued, benefits from diversified operations across Canada, the U.S., and Asia, and has seen earnings contributions from recent acquisitions, even as one firm trimmed its target by CA$2.
IAG
CA$192.53
iA Financial
7D
0.9%
1Y
31.4%
SFC
CA$8.35
Sagicor Financial
7D
1.5%
1Y
-0.1%