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Canadian (TSX) Life and Health Insurance Industry Analysis

UpdatedNov 20, 2024
DataAggregated Company Financials
Companies7
  • 7D0.5%
  • 3M20.7%
  • 1Y36.7%
  • YTDn/a

The Life and Health Insurance industry has stayed flat over the last week. The past year has been better, since the industry has gained 37% in that time. 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
Thu, 21 Nov 2024CA$221.7bCA$145.8bCA$18.1b12.9x12.3x1.5x
Sat, 19 Oct 2024CA$208.5bCA$142.3bCA$16.6b11.9x12.6x1.5x
Mon, 16 Sep 2024CA$195.6bCA$142.2bCA$16.6b11.3x11.8x1.4x
Wed, 14 Aug 2024CA$177.0bCA$142.0bCA$16.7b10.6x10.6x1.2x
Fri, 12 Jul 2024CA$180.8bCA$138.3bCA$16.1b11.3x11.3x1.3x
Sun, 09 Jun 2024CA$179.2bCA$138.4bCA$16.1b11.4x11.2x1.3x
Tue, 07 May 2024CA$180.8bCA$135.6bCA$15.9b11x11.4x1.3x
Thu, 04 Apr 2024CA$180.3bCA$139.5bCA$15.5b10.9x11.7x1.3x
Sat, 02 Mar 2024CA$177.8bCA$157.3bCA$14.7b12.2x12.1x1.1x
Mon, 29 Jan 2024CA$174.3bCA$164.0bCA$23.6b7.5x7.4x1.1x
Wed, 27 Dec 2023CA$169.9bCA$164.0bCA$23.6b7.5x7.2x1x
Fri, 24 Nov 2023CA$166.2bCA$164.1bCA$23.6b7.5x7.1x1x
Sun, 22 Oct 2023CA$148.9bCA$164.7bCA$21.9b7x6.8x0.9x
Tue, 19 Sep 2023CA$164.0bCA$181.6bCA$21.9b7.7x7.5x0.9x
Thu, 17 Aug 2023CA$159.0bCA$181.6bCA$21.9b7.6x7.2x0.9x
Sat, 15 Jul 2023CA$159.2bCA$176.4bCA$18.4b9.2x8.6x0.9x
Mon, 12 Jun 2023CA$158.5bCA$170.7bCA$18.4b8.9x8.6x0.9x
Wed, 10 May 2023CA$157.6bCA$144.0bCA$16.2b11.3x9.7x1.1x
Fri, 07 Apr 2023CA$150.5bCA$144.1bCA$16.2b10.8x9.3x1x
Sun, 05 Mar 2023CA$158.5bCA$148.5bCA$16.4b10.9x9.7x1.1x
Tue, 31 Jan 2023CA$153.5bCA$160.5bCA$16.4b10.9x9.3x1x
Thu, 29 Dec 2022CA$141.4bCA$160.5bCA$16.4b10.1x8.6x0.9x
Sat, 26 Nov 2022CA$143.4bCA$160.5bCA$16.4b10x8.7x0.9x
Mon, 24 Oct 2022CA$132.8bCA$179.0bCA$17.8b8.8x7.5x0.7x
Wed, 21 Sep 2022CA$137.2bCA$178.9bCA$17.8b9.1x7.7x0.8x
Fri, 19 Aug 2022CA$146.3bCA$178.8bCA$17.8b9.7x8.2x0.8x
Sun, 17 Jul 2022CA$136.1bCA$242.0bCA$20.4b7.8x6.7x0.6x
Tue, 14 Jun 2022CA$140.4bCA$241.9bCA$20.4b8x6.9x0.6x
Thu, 12 May 2022CA$149.5bCA$248.1bCA$19.1b8.1x7.8x0.6x
Sat, 09 Apr 2022CA$165.7bCA$249.9bCA$19.0b9x8.7x0.7x
Mon, 07 Mar 2022CA$160.1bCA$248.5bCA$19.2b9x8.3x0.6x
Wed, 02 Feb 2022CA$172.7bCA$241.4bCA$18.7b9.6x9.2x0.7x
Fri, 31 Dec 2021CA$164.2bCA$241.4bCA$18.7b9.8x8.8x0.7x
Sun, 28 Nov 2021CA$162.2bCA$241.4bCA$18.7b9.6x8.7x0.7x
Price to Earnings Ratio

8.7x


Total Market Cap: CA$162.2bTotal 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 9x202220232024
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 12.3x which is higher than its 3-year average PE of 9.0x.
  • The 3-year average PS ratio of 0.96x 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 Market0.41%
Financials0.26%
Insurance0.79%
Life and Health Insurance0.53%
Property and Casualty Insurance1.39%
Insurance Brokers0%
General Insurance0%
Reinsurance0%
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$49.702.9%
+CA$1.3b		14.1%PE12.7x
POW Power Corporation of CanadaCA$46.453.2%
+CA$923.5m		25.1%PE13.1x
SLF Sun Life FinancialCA$85.050.7%
+CA$356.9m		21.8%PE13.7x
IAG iA FinancialCA$133.322.6%
+CA$329.8m		50.4%PE12.9x
SFC Sagicor FinancialCA$6.304.1%
+CA$30.0m		4.3%PE1.2x
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Latest News

SFC

CA$6.30

Sagicor Financial

7D

4.1%

1Y

4.3%

MFC

CA$45.03

Manulife Financial

7D

-0.9%

1Y

72.6%

POW

CA$46.45

Power Corporation of Canada

7D

3.2%

1Y

25.1%

ELF

CA$1,475.00

E-L Financial

7D

-1.7%

1Y

48.3%

IAG

CA$133.32

iA Financial

7D

2.6%

1Y

50.4%

Little Excitement Around iA Financial Corporation Inc.'s (TSE:IAG) Earnings

Nov 12
Little Excitement Around iA Financial Corporation Inc.'s (TSE:IAG) Earnings

GWO

CA$49.70

Great-West Lifeco

7D

2.9%

1Y

14.1%

SLF

CA$85.05

Sun Life Financial

7D

0.7%

1Y

21.8%