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Canadian (TSX) Life and Health Insurance Industry Analysis

UpdatedJul 31, 2026
DataAggregated Company Financials
Companies7
  • 7D1.5%
  • 3M19.5%
  • 1Y53.1%
  • YTDn/a

The Life and Health Insurance industry is up 1.5% in the last week, with Manulife Financial up 2.8%. This takes the industry's 12 month performance to a gain of 53%. Earnings are forecast to grow by 8.8% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 31 Jul 2026CA$330.3bCA$157.2bCA$18.1b19.1x18.2x2.1x
Sun, 28 Jun 2026CA$314.6bCA$157.2bCA$18.1b18.5x17.4x2x
Tue, 26 May 2026CA$289.8bCA$157.1bCA$18.1b16.6x16x1.8x
Thu, 23 Apr 2026CA$272.7bCA$154.5bCA$17.6b15.4x15.5x1.8x
Sat, 21 Mar 2026CA$243.2bCA$154.5bCA$17.6b14x13.8x1.6x
Mon, 16 Feb 2026CA$255.5bCA$154.6bCA$18.3b14.1x13.9x1.7x
Wed, 14 Jan 2026CA$265.3bCA$155.6bCA$18.1b14.8x14.7x1.7x
Fri, 12 Dec 2025CA$255.8bCA$155.6bCA$18.1b15x14.2x1.6x
Sun, 09 Nov 2025CA$244.4bCA$153.7bCA$17.7b13.7x13.8x1.6x
Tue, 07 Oct 2025CA$234.7bCA$152.3bCA$17.5b14.1x13.4x1.5x
Thu, 04 Sep 2025CA$223.7bCA$152.3bCA$17.5b13.5x12.8x1.5x
Sat, 02 Aug 2025CA$223.3bCA$149.3bCA$16.5b13.2x13.5x1.5x
Mon, 30 Jun 2025CA$228.6bCA$149.3bCA$16.5b12.7x13.9x1.5x
Wed, 28 May 2025CA$223.9bCA$149.3bCA$16.5b12.6x13.6x1.5x
Fri, 25 Apr 2025CA$215.8bCA$148.6bCA$17.6b12.3x12.3x1.5x
Sun, 23 Mar 2025CA$221.0bCA$148.7bCA$17.6b12.3x12.6x1.5x
Tue, 18 Feb 2025CA$214.0bCA$148.9bCA$17.9b12.5x11.9x1.4x
Thu, 16 Jan 2025CA$208.3bCA$146.9bCA$18.1b12x11.5x1.4x
Sat, 14 Dec 2024CA$220.5bCA$146.9bCA$18.1b12.9x12.2x1.5x
Mon, 11 Nov 2024CA$218.5bCA$145.4bCA$18.0b12.4x12.1x1.5x
Wed, 09 Oct 2024CA$203.8bCA$142.2bCA$16.6b11.5x12.3x1.4x
Fri, 06 Sep 2024CA$193.7bCA$142.2bCA$16.5b11.2x11.7x1.4x
Sun, 04 Aug 2024CA$176.0bCA$138.4bCA$16.1b11.5x11x1.3x
Tue, 02 Jul 2024CA$178.9bCA$138.4bCA$16.1b11.2x11.1x1.3x
Thu, 30 May 2024CA$183.2bCA$138.4bCA$16.1b11.7x11.4x1.3x
Sat, 27 Apr 2024CA$173.4bCA$139.5bCA$15.5b10.8x11.2x1.2x
Mon, 25 Mar 2024CA$180.0bCA$141.5bCA$15.3b11x11.8x1.3x
Wed, 21 Feb 2024CA$181.0bCA$166.6bCA$15.2b12.4x11.9x1.1x
Fri, 19 Jan 2024CA$168.7bCA$164.0bCA$23.6b7.1x7.2x1x
Sun, 17 Dec 2023CA$172.2bCA$164.0bCA$23.6b7.6x7.3x1x
Tue, 14 Nov 2023CA$158.5bCA$162.2bCA$22.4b7x7.1x1x
Thu, 12 Oct 2023CA$158.1bCA$164.6bCA$21.9b7.5x7.2x1x
Sat, 09 Sep 2023CA$158.7bCA$181.7bCA$21.9b7.4x7.2x0.9x
Mon, 07 Aug 2023CA$163.3bCA$176.9bCA$18.4b9.2x8.9x0.9x
Price to Earnings Ratio

8.9x


Total Market Cap: CA$163.3bTotal Earnings: CA$18.4bTotal Revenue: CA$176.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Life and Health Insurance Industry Price to Earnings3Y Average 12.1x202420252026
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 18.2x which is higher than its 3-year average PE of 12.1x.
  • 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 3.9% 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 Market0.69%
Financials0.87%
Insurance1.09%
Life and Health Insurance1.50%
General Insurance0%0
Reinsurance0%0
Property and Casualty Insurance-0.037%
Insurance Brokers-7.14%
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$95.803.1%
+CA$1.8b		71.2%PE22.8x
MFC Manulife FinancialCA$62.261.1%
+CA$1.2b		48.2%PE17.6x
IAG iA FinancialCA$207.271.1%
+CA$191.8m		53.1%PE18.2x
SLF Sun Life FinancialCA$116.310.3%
+CA$172.8m		39.6%PE21.5x
GWO Great-West LifecoCA$92.940.6%
+CA$152.8m		78.5%PE18.7x

Latest News

GWO
CA$92.94
Great-West Lifeco
7D
0.6%
1Y
78.5%
POW
CA$95.80
Power Corporation of Canada
7D
3.1%
1Y
71.2%
SLF
CA$116.31
Sun Life Financial
7D
0.3%
1Y
39.6%
MFC
CA$62.26
Manulife Financial
7D
1.1%
1Y
48.2%
Narrative Update • Jul 30

MFC: AI Execution And Capital Returns Will Shape Measured Medium Term Outlook

Manulife Financial's analyst price target has moved higher, with the fair value estimate rising from CA$57.25 to CA$60.07, supported by recent Street research that reflects updated views on revenue growth, profit margins, and future P/E assumptions. Analyst Commentary Recent Street commentary on Manulife Financial points to a mixed but generally constructive view on the stock's valuation and execution.
IAG
CA$207.27
iA Financial
7D
1.1%
1Y
53.1%
ELF
CA$16.90
E-L Financial
7D
-0.3%
1Y
15.8%
SFC
CA$8.77
Sagicor Financial
7D
2.2%
1Y
16.5%