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Canadian (TSX) Life and Health Insurance Industry Analysis

UpdatedJul 23, 2026
DataAggregated Company Financials
Companies7
  • 7D0.2%
  • 3M20.3%
  • 1Y51.2%
  • YTDn/a

All of the companies in the Life and Health Insurance industry have been up over the last week, with the industry up 2.1%. This takes the industry's 12 month performance to a gain of 52%. As for the next few years, earnings are expected to grow by 9.2% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 23 Jul 2026CA$330.4bCA$157.2bCA$18.1b19.3x18.2x2.1x
Sat, 20 Jun 2026CA$318.4bCA$157.2bCA$18.1b18.5x17.6x2x
Mon, 18 May 2026CA$283.4bCA$157.1bCA$18.1b16.3x15.6x1.8x
Wed, 15 Apr 2026CA$266.2bCA$154.5bCA$17.6b14.7x15.1x1.7x
Fri, 13 Mar 2026CA$243.0bCA$154.9bCA$18.1b13.7x13.4x1.6x
Sun, 08 Feb 2026CA$256.2bCA$155.5bCA$18.1b13.8x14.2x1.6x
Tue, 06 Jan 2026CA$264.8bCA$155.6bCA$18.1b15.2x14.7x1.7x
Thu, 04 Dec 2025CA$252.1bCA$155.6bCA$18.1b14.3x14x1.6x
Sat, 01 Nov 2025CA$242.2bCA$152.3bCA$17.5b14.7x13.8x1.6x
Mon, 29 Sep 2025CA$227.7bCA$152.3bCA$17.5b13.6x13x1.5x
Wed, 27 Aug 2025CA$224.5bCA$152.3bCA$17.5b13.4x12.8x1.5x
Fri, 25 Jul 2025CA$223.9bCA$149.3bCA$16.5b13x13.6x1.5x
Sun, 22 Jun 2025CA$221.3bCA$149.3bCA$16.5b12.5x13.4x1.5x
Tue, 20 May 2025CA$226.2bCA$149.3bCA$18.5b12.4x12.2x1.5x
Thu, 17 Apr 2025CA$211.9bCA$148.6bCA$17.6b12.2x12.1x1.4x
Sat, 15 Mar 2025CA$211.3bCA$147.2bCA$17.1b12.7x12.4x1.4x
Mon, 10 Feb 2025CA$219.5bCA$148.3bCA$18.4b12.7x11.9x1.5x
Wed, 08 Jan 2025CA$215.5bCA$146.9bCA$18.1b12.3x11.9x1.5x
Fri, 06 Dec 2024CA$224.0bCA$146.9bCA$18.1b13.2x12.4x1.5x
Sun, 03 Nov 2024CA$205.3bCA$142.3bCA$16.6b11.7x12.4x1.4x
Tue, 01 Oct 2024CA$201.3bCA$142.2bCA$16.5b11.6x12.2x1.4x
Thu, 29 Aug 2024CA$190.1bCA$142.2bCA$16.5b11.2x11.5x1.3x
Sat, 27 Jul 2024CA$180.9bCA$138.4bCA$16.1b11.8x11.3x1.3x
Mon, 24 Jun 2024CA$175.4bCA$138.4bCA$16.1b11.1x10.9x1.3x
Wed, 22 May 2024CA$185.3bCA$138.3bCA$16.1b12.2x11.5x1.3x
Fri, 19 Apr 2024CA$171.7bCA$139.5bCA$15.5b10.4x11.1x1.2x
Sun, 17 Mar 2024CA$180.2bCA$158.9bCA$14.7b12.3x12.3x1.1x
Tue, 13 Feb 2024CA$175.4bCA$168.4bCA$23.0b7.7x7.6x1x
Thu, 11 Jan 2024CA$171.0bCA$164.0bCA$23.6b7.3x7.3x1x
Sat, 09 Dec 2023CA$168.6bCA$164.1bCA$23.6b7.6x7.2x1x
Mon, 06 Nov 2023CA$157.4bCA$164.6bCA$21.9b7.4x7.2x1x
Wed, 04 Oct 2023CA$153.8bCA$164.6bCA$21.9b7.2x7x0.9x
Fri, 01 Sep 2023CA$157.4bCA$181.6bCA$21.9b7.5x7.2x0.9x
Sun, 30 Jul 2023CA$164.2bCA$176.4bCA$18.4b9.2x8.9x0.9x
Price to Earnings Ratio

8.9x


Total Market Cap: CA$164.2bTotal Earnings: CA$18.4bTotal Revenue: CA$176.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Life and Health Insurance Industry Price to Earnings3Y Average 12x202420252026
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 18.1x which is higher than its 3-year average PE of 12.0x.
  • The 3-year average PS ratio of 1.4x is lower than the industry's current PS ratio of 2.1x.
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 Market0.29%
Financials-2.37%
Insurance-0.32%
Life and Health Insurance0.23%
Insurance Brokers25.00%
General Insurance0%0
Reinsurance0%0
Property and Casualty Insurance-1.87%
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
POW Power Corporation of CanadaCA$92.301.0%
+CA$547.9m		68.6%PE21.5x
MFC Manulife FinancialCA$60.670.3%
+CA$300.4m		42.5%PE17.1x
SLF Sun Life FinancialCA$114.700.4%
+CA$278.7m		34.8%PE21.2x
ELF E-L FinancialCA$16.960.7%
+CA$38.1m		13.4%PE5x

Latest News

GWO
CA$92.12
Great-West Lifeco
7D
-0.2%
1Y
75.1%
IAG
CA$205.77
iA Financial
7D
-1.0%
1Y
43.8%
MFC
CA$60.67
Manulife Financial
7D
0.3%
1Y
42.5%
Narrative Update • Jul 16

MFC: Asia Expansion And AI Focus Will Support Measured Medium Term Outlook

Analysts have raised their blended price target for Manulife Financial to CA$57.25 from CA$55.38, reflecting updated views on the company after a series of recent Street target changes between CA$54 and CA$61 and slight adjustments to fair value, revenue growth and profit margin assumptions. Analyst Commentary Street research on Manulife Financial has clustered around a range of CA$54 to CA$61, with several firms adjusting their price targets in recent months.
SLF
CA$114.70
Sun Life Financial
7D
0.4%
1Y
34.8%
Narrative Update • Jul 12

SLF: Rich Multiple Will Rely On Ongoing U.S. Acquisition Execution

Analysts have modestly raised the Sun Life Financial fair value estimate to CA$101.79 from CA$99.29. This reflects a slightly higher assumed future P/E multiple supported by recent upward revisions to Street price targets tied to diversified earnings strength and returns on equity.
POW
CA$92.30
Power Corporation of Canada
7D
1.0%
1Y
68.6%
ELF
CA$16.96
E-L Financial
7D
0.7%
1Y
13.4%
SFC
CA$8.49
Sagicor Financial
7D
-2.7%
1Y
6.3%