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Canadian (TSX) Life and Health Insurance Industry Analysis

UpdatedAug 30, 2026
DataAggregated Company Financials
Companies7
  • 7D1.3%
  • 3M13.3%
  • 1Y47.4%
  • YTDn/a

Over the last 7 days, the Life and Health Insurance industry has risen 1.3%, driven by gains from every company within the industry. This means that the industry has gained 47% over the past year. As for the next few years, earnings are expected to grow by 9.1% 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, 31 Aug 2026CA$323.2bCA$161.8bCA$19.6b16.3x16.5x2x
Wed, 29 Jul 2026CA$334.9bCA$157.2bCA$18.1b19.2x18.5x2.1x
Fri, 26 Jun 2026CA$313.5bCA$157.2bCA$18.1b18.6x17.3x2x
Sun, 24 May 2026CA$289.8bCA$157.1bCA$18.1b16.6x16x1.8x
Tue, 21 Apr 2026CA$274.7bCA$154.5bCA$17.6b15.3x15.6x1.8x
Thu, 19 Mar 2026CA$249.0bCA$154.1bCA$18.1b13.9x13.7x1.6x
Sat, 14 Feb 2026CA$251.7bCA$152.4bCA$18.5b14.1x13.6x1.7x
Mon, 12 Jan 2026CA$266.3bCA$155.6bCA$18.1b15.1x14.7x1.7x
Wed, 10 Dec 2025CA$254.4bCA$155.6bCA$18.1b14.7x14.1x1.6x
Fri, 07 Nov 2025CA$248.1bCA$153.7bCA$17.7b13.9x14x1.6x
Sun, 05 Oct 2025CA$234.7bCA$152.3bCA$17.5b13.9x13.4x1.5x
Tue, 02 Sep 2025CA$224.7bCA$152.2bCA$17.5b13.5x12.8x1.5x
Thu, 31 Jul 2025CA$224.9bCA$149.3bCA$16.5b13.1x13.6x1.5x
Sat, 28 Jun 2025CA$227.1bCA$149.3bCA$16.5b12.7x13.8x1.5x
Mon, 26 May 2025CA$222.6bCA$149.3bCA$18.5b12.5x12x1.5x
Wed, 23 Apr 2025CA$209.5bCA$148.6bCA$17.6b12.1x11.9x1.4x
Fri, 21 Mar 2025CA$219.8bCA$148.7bCA$17.6b12.3x12.5x1.5x
Sun, 16 Feb 2025CA$214.0bCA$148.9bCA$17.9b12.5x11.9x1.4x
Tue, 14 Jan 2025CA$210.7bCA$146.9bCA$18.1b11.9x11.7x1.4x
Thu, 12 Dec 2024CA$222.7bCA$146.9bCA$18.1b13.2x12.3x1.5x
Sat, 09 Nov 2024CA$219.2bCA$145.2bCA$18.1b12.5x12.1x1.5x
Mon, 07 Oct 2024CA$205.2bCA$142.2bCA$16.5b11.6x12.4x1.4x
Wed, 04 Sep 2024CA$191.7bCA$142.2bCA$16.5b11.2x11.6x1.3x
Fri, 02 Aug 2024CA$183.4bCA$138.4bCA$16.1b11.7x11.4x1.3x
Sun, 30 Jun 2024CA$178.9bCA$138.4bCA$16.1b11.2x11.1x1.3x
Tue, 28 May 2024CA$185.4bCA$138.3bCA$16.1b12.1x11.5x1.3x
Thu, 25 Apr 2024CA$173.9bCA$139.5bCA$15.5b10.7x11.2x1.2x
Sat, 23 Mar 2024CA$180.0bCA$141.5bCA$15.3b11x11.8x1.3x
Mon, 19 Feb 2024CA$180.4bCA$166.6bCA$15.2b12.5x11.9x1.1x
Wed, 17 Jan 2024CA$169.6bCA$164.0bCA$23.6b7.1x7.2x1x
Fri, 15 Dec 2023CA$172.2bCA$164.0bCA$23.6b7.7x7.3x1x
Sun, 12 Nov 2023CA$157.9bCA$158.0bCA$21.6b8.6x7.3x1x
Tue, 10 Oct 2023CA$155.5bCA$164.6bCA$21.9b7.5x7.1x0.9x
Thu, 07 Sep 2023CA$159.6bCA$181.7bCA$21.9b7.5x7.3x0.9x
Price to Earnings Ratio

7.3x


Total Market Cap: CA$159.6bTotal Earnings: CA$21.9bTotal Revenue: CA$181.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Life and Health Insurance Industry Price to Earnings3Y Average 12.3x202420252026
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 16.5x which is higher than its 3-year average PE of 12.3x.
  • The 3-year average PS ratio of 1.4x is lower than the industry's current PS ratio of 2.0x.
Past Earnings Growth
  • The earnings for companies in the Life and Health Insurance industry have declined 3.6% per year over the last three years,
  • Revenues have also declined 3.8% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Comparison

How does Canadian Life and Health Insurance compare with similar industries?

CA Market-0.25%
Financials1.41%
Insurance1.36%
Life and Health Insurance1.34%
Property and Casualty Insurance1.45%
General Insurance0%0
Reinsurance0%0
Insurance Brokers-7.58%
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$59.561.6%
+CA$1.6b		41.0%PE15.9x
GWO Great-West LifecoCA$90.381.8%
+CA$1.5b		66.1%PE18.2x
POW Power Corporation of CanadaCA$92.271.0%
+CA$552.4m		58.7%PE22.1x
SLF Sun Life FinancialCA$109.620.8%
+CA$456.6m		36.6%PE18.5x
IAG iA FinancialCA$198.421.0%
+CA$180.2m		34.3%PE16.3x

Latest News

MFC
CA$59.56
Manulife Financial
7D
1.6%
1Y
41.0%
GWO
CA$90.38
Great-West Lifeco
7D
1.8%
1Y
66.1%
Narrative Update • Aug 26

GWO: Share Repurchases Will Support Higher Earnings Quality And Capital Discipline

Analysts have lifted the fair value estimate for Great-West Lifeco from CA$95.00 to CA$111.00. This reflects updated assumptions on long term revenue growth, profit margins and future P/E, alongside a slightly higher discount rate.
SLF
CA$109.62
Sun Life Financial
7D
0.8%
1Y
36.6%
IAG
CA$198.42
iA Financial
7D
1.0%
1Y
34.3%
SFC
CA$8.87
Sagicor Financial
7D
1.1%
1Y
8.8%
POW
CA$92.27
Power Corporation of Canada
7D
1.0%
1Y
58.7%
ELF
CA$17.61
E-L Financial
7D
0.3%
1Y
14.0%