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Canadian (TSX) Life and Health Insurance Industry Analysis

UpdatedJun 10, 2026
DataAggregated Company Financials
Companies7
  • 7D1.9%
  • 3M22.7%
  • 1Y35.2%
  • YTDn/a

Over the last 7 days, the Life and Health Insurance industry has risen 1.9%, and Great-West Lifeco contributed the most with a gain of 2.4%. This means that the industry has gained 35% over the past year. 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
Wed, 10 Jun 2026CA$294.0bCA$157.2bCA$18.1b17x16.2x1.9x
Fri, 08 May 2026CA$282.3bCA$154.8bCA$17.6b15.9x16.1x1.8x
Sun, 05 Apr 2026CA$254.2bCA$154.6bCA$17.6b14.1x14.4x1.6x
Tue, 03 Mar 2026CA$255.2bCA$155.0bCA$18.3b14x13.9x1.6x
Thu, 29 Jan 2026CA$257.0bCA$155.5bCA$18.1b14.2x14.2x1.7x
Sat, 27 Dec 2025CA$263.1bCA$155.5bCA$18.1b15.1x14.6x1.7x
Mon, 24 Nov 2025CA$254.1bCA$155.6bCA$18.1b14.5x14.1x1.6x
Wed, 22 Oct 2025CA$237.3bCA$152.3bCA$17.5b14.3x13.5x1.6x
Fri, 19 Sep 2025CA$225.0bCA$152.3bCA$17.5b13.4x12.8x1.5x
Sun, 17 Aug 2025CA$223.5bCA$152.3bCA$17.5b13.3x12.7x1.5x
Tue, 15 Jul 2025CA$221.5bCA$149.3bCA$16.5b12.6x13.4x1.5x
Thu, 12 Jun 2025CA$224.2bCA$149.3bCA$16.5b12.2x13.6x1.5x
Sat, 10 May 2025CA$221.0bCA$149.0bCA$16.6b12.7x13.3x1.5x
Mon, 07 Apr 2025CA$213.8bCA$148.7bCA$17.6b12.2x12.2x1.4x
Wed, 05 Mar 2025CA$222.6bCA$147.7bCA$17.9b12.5x12.4x1.5x
Fri, 31 Jan 2025CA$214.3bCA$147.0bCA$18.1b12.3x11.9x1.5x
Sun, 29 Dec 2024CA$218.5bCA$146.9bCA$18.1b12.9x12.1x1.5x
Tue, 26 Nov 2024CA$223.3bCA$146.8bCA$18.1b12.8x12.4x1.5x
Thu, 24 Oct 2024CA$207.2bCA$142.3bCA$16.6b11.9x12.5x1.5x
Sat, 21 Sep 2024CA$199.5bCA$142.2bCA$16.5b11.5x12.1x1.4x
Mon, 19 Aug 2024CA$184.7bCA$142.2bCA$16.6b10.8x11.2x1.3x
Wed, 17 Jul 2024CA$182.1bCA$138.4bCA$16.1b11.7x11.3x1.3x
Fri, 14 Jun 2024CA$174.2bCA$138.4bCA$16.1b11.1x10.9x1.3x
Sun, 12 May 2024CA$183.9bCA$138.0bCA$16.0b12.1x11.5x1.3x
Tue, 09 Apr 2024CA$179.3bCA$139.5bCA$15.5b10.8x11.6x1.3x
Thu, 07 Mar 2024CA$180.5bCA$157.3bCA$14.7b12.2x12.3x1.1x
Sat, 03 Feb 2024CA$174.4bCA$164.0bCA$23.6b7.4x7.4x1.1x
Mon, 01 Jan 2024CA$172.2bCA$164.0bCA$23.6b7.4x7.3x1.1x
Wed, 29 Nov 2023CA$166.8bCA$163.4bCA$23.2b7.4x7.2x1x
Fri, 27 Oct 2023CA$149.0bCA$164.7bCA$21.9b6.9x6.8x0.9x
Sun, 24 Sep 2023CA$161.0bCA$164.6bCA$21.9b7.7x7.3x1x
Tue, 22 Aug 2023CA$155.3bCA$181.6bCA$21.9b7.4x7.1x0.9x
Thu, 20 Jul 2023CA$161.8bCA$176.4bCA$18.4b9.2x8.8x0.9x
Sat, 17 Jun 2023CA$157.9bCA$176.4bCA$18.4b8.9x8.6x0.9x
Price to Earnings Ratio

8.6x


Total Market Cap: CA$157.9bTotal 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 11.6x202420252026
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 16.2x which is higher than its 3-year average PE of 11.6x.
  • The 3-year average PS ratio of 1.4x is lower than the industry's current PS ratio of 1.9x.
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-2.46%
Financials2.27%
Insurance2.38%
Life and Health Insurance1.93%
Property and Casualty Insurance3.59%
Insurance Brokers2.27%
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
GWO Great-West LifecoCA$81.332.4%
+CA$1.7b		60.1%PE17x
MFC Manulife FinancialCA$54.141.8%
+CA$1.6b		23.5%PE15.3x
SLF Sun Life FinancialCA$103.082.4%
+CA$1.3b		16.4%PE19x
POW Power Corporation of CanadaCA$84.741.0%
+CA$529.3m		65.8%PE19.8x
IAG iA FinancialCA$177.793.1%
+CA$473.3m		27.0%PE15.8x

Latest News

IAG
CA$177.79
iA Financial
7D
3.1%
1Y
27.0%
MFC
CA$54.14
Manulife Financial
7D
1.8%
1Y
23.5%
POW
CA$84.74
Power Corporation of Canada
7D
1.0%
1Y
65.8%
SLF
CA$103.08
Sun Life Financial
7D
2.4%
1Y
16.4%
Narrative Update • Jun 05

SLF: U.S. Turnaround And Buybacks Will Shape A Measured 2026 Outlook

Analysts have made a slight downward adjustment to the Sun Life Financial fair value estimate to CA$99.29, reflecting updated price targets that generally trend higher. This shift is supported by recent research citing improving expectations for the business and a modestly higher future P/E assumption.
GWO
CA$81.33
Great-West Lifeco
7D
2.4%
1Y
60.1%
Narrative Update • Jun 02

GWO: AI Deployment And Capital Returns Will Shape Future Repricing Balance

Great-West Lifeco's analyst price target has increased to CA$76.08 from CA$72.92, with analysts citing updated assumptions on fair value and price-to-earnings ratios, along with a series of recent target increases across major Canadian banks and brokers. Analyst Commentary Recent Street research shows a cluster of higher price targets for Great-West Lifeco, with adjustments ranging from C$3 to C$13 across multiple firms.
SFC
CA$8.07
Sagicor Financial
7D
0.6%
1Y
-4.9%
ELF
CA$16.93
E-L Financial
7D
-0.8%
1Y
7.3%