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Canadian (TSX) Life and Health Insurance Industry Analysis

UpdatedJan 20, 2025
DataAggregated Company Financials
Companies7
  • 7D1.7%
  • 3M3.4%
  • 1Y29.0%
  • YTDn/a

In the last week, the Life and Health Insurance industry is up 1.7%, with Manulife Financial up 3.0%. In the last 12 months, the industry was up 29%. As for the next few years, earnings are expected to grow by 9.0% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 20 Jan 2025CA$213.5bCA$146.9bCA$18.1b12x11.8x1.5x
Wed, 18 Dec 2024CA$218.3bCA$146.9bCA$18.1b12.8x12.1x1.5x
Fri, 15 Nov 2024CA$220.2bCA$145.7bCA$17.4b12.8x12.6x1.5x
Sun, 13 Oct 2024CA$207.0bCA$142.3bCA$16.6b11.7x12.5x1.5x
Tue, 10 Sep 2024CA$192.0bCA$142.2bCA$16.5b11.2x11.6x1.3x
Thu, 08 Aug 2024CA$173.9bCA$137.4bCA$16.5b9.9x10.5x1.3x
Sat, 06 Jul 2024CA$180.1bCA$138.3bCA$16.1b11x11.2x1.3x
Mon, 03 Jun 2024CA$180.5bCA$138.3bCA$16.1b11.6x11.2x1.3x
Wed, 01 May 2024CA$173.6bCA$139.5bCA$15.5b10.6x11.2x1.2x
Fri, 29 Mar 2024CA$181.3bCA$141.5bCA$15.3b10.8x11.9x1.3x
Sun, 25 Feb 2024CA$181.5bCA$160.8bCA$14.7b12.3x12.3x1.1x
Tue, 23 Jan 2024CA$171.1bCA$164.0bCA$23.6b7.4x7.3x1x
Thu, 21 Dec 2023CA$170.8bCA$164.0bCA$23.6b7.5x7.2x1x
Sat, 18 Nov 2023CA$163.9bCA$156.1bCA$23.7b7.3x6.9x1.1x
Mon, 16 Oct 2023CA$156.1bCA$164.6bCA$21.9b7.4x7.1x0.9x
Wed, 13 Sep 2023CA$160.3bCA$181.6bCA$21.9b7.5x7.3x0.9x
Fri, 11 Aug 2023CA$163.2bCA$195.1bCA$18.2b9.3x9x0.8x
Sun, 09 Jul 2023CA$158.0bCA$176.5bCA$18.4b9.1x8.6x0.9x
Tue, 06 Jun 2023CA$159.9bCA$170.8bCA$18.4b8.9x8.7x0.9x
Thu, 04 May 2023CA$157.6bCA$144.1bCA$16.2b11.2x9.7x1.1x
Sat, 01 Apr 2023CA$149.1bCA$144.1bCA$16.2b10.6x9.2x1x
Mon, 27 Feb 2023CA$156.7bCA$148.5bCA$16.4b11x9.6x1.1x
Wed, 25 Jan 2023CA$151.3bCA$160.5bCA$16.4b10.8x9.2x0.9x
Fri, 23 Dec 2022CA$141.9bCA$160.5bCA$16.4b10x8.6x0.9x
Sun, 20 Nov 2022CA$140.8bCA$160.5bCA$16.4b9.8x8.6x0.9x
Tue, 18 Oct 2022CA$130.3bCA$179.0bCA$17.8b8.6x7.3x0.7x
Thu, 15 Sep 2022CA$139.0bCA$178.8bCA$17.8b9.3x7.8x0.8x
Sat, 13 Aug 2022CA$145.8bCA$178.5bCA$17.7b9.7x8.2x0.8x
Mon, 11 Jul 2022CA$141.1bCA$242.0bCA$20.4b8x6.9x0.6x
Wed, 08 Jun 2022CA$149.6bCA$241.9bCA$20.4b8.7x7.3x0.6x
Fri, 06 May 2022CA$153.9bCA$249.9bCA$19.0b8.6x8.1x0.6x
Sun, 03 Apr 2022CA$165.4bCA$249.8bCA$19.0b8.9x8.7x0.7x
Tue, 01 Mar 2022CA$163.4bCA$248.4bCA$19.2b9.1x8.5x0.7x
Thu, 27 Jan 2022CA$167.7bCA$241.3bCA$18.7b9.4x9x0.7x
Price to Earnings Ratio

9x


Total Market Cap: CA$167.7bTotal Earnings: CA$18.7bTotal Revenue: CA$241.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Life and Health Insurance Industry Price to Earnings3Y Average 9.2x202320242025
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 9.2x.
  • The 3-year average PS ratio of 1.0x 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 Market1.22%
Financials2.46%
Insurance1.43%
Life and Health Insurance1.70%
Property and Casualty Insurance0.87%
General Insurance0%0
Reinsurance0%0
Insurance Brokers-11.86%
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
MFC Manulife FinancialCA$44.264.1%
+CA$3.0b		53.4%PE15x
SLF Sun Life FinancialCA$85.163.3%
+CA$1.6b		24.1%PE13.7x
ELF E-L FinancialCA$1.40k11.2%
+CA$471.7m		35.7%PE2.7x
POW Power Corporation of CanadaCA$42.801.2%
+CA$335.0m		9.5%PE12x
IAG iA FinancialCA$131.151.7%
+CA$210.1m		46.6%PE12.6x
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Latest News

ELF

CA$1,395.00

E-L Financial

7D

11.2%

1Y

35.7%

SFC

CA$6.41

Sagicor Financial

7D

1.4%

1Y

3.9%

MFC

CA$44.26

Manulife Financial

7D

4.1%

1Y

53.4%

It's A Story Of Risk Vs Reward With Manulife Financial Corporation (TSE:MFC)

Jan 09
It's A Story Of Risk Vs Reward With Manulife Financial Corporation (TSE:MFC)

IAG

CA$131.15

iA Financial

7D

1.7%

1Y

46.6%

With EPS Growth And More, iA Financial (TSE:IAG) Makes An Interesting Case

Jan 05
With EPS Growth And More, iA Financial (TSE:IAG) Makes An Interesting Case

POW

CA$42.80

Power Corporation of Canada

7D

1.2%

1Y

9.5%

GWO

CA$45.98

Great-West Lifeco

7D

-0.04%

1Y

7.3%

SLF

CA$85.16

Sun Life Financial

7D

3.3%

1Y

24.1%