Header cover image

Canadian (TSX) Life and Health Insurance Industry Analysis

UpdatedJul 26, 2024
DataAggregated Company Financials
Companies7
  • 7D0.3%
  • 3M5.3%
  • 1Y12.4%
  • YTDn/a

The Life and Health Insurance industry has stayed flat over the last week. As for the the longer term, the industry is up 13% over the past 12 months. Looking forward, earnings are forecast to grow by 8.6% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 26 Jul 2024CA$179.6bCA$138.4bCA$16.1b11.7x11.2x1.3x
Sun, 23 Jun 2024CA$175.4bCA$138.4bCA$16.1b11.1x10.9x1.3x
Tue, 21 May 2024CA$185.3bCA$138.3bCA$16.1b12.2x11.5x1.3x
Thu, 18 Apr 2024CA$170.6bCA$139.5bCA$15.5b10.4x11x1.2x
Sat, 16 Mar 2024CA$180.8bCA$158.9bCA$14.7b12.3x12.3x1.1x
Mon, 12 Feb 2024CA$175.3bCA$168.4bCA$23.0b7.6x7.6x1x
Wed, 10 Jan 2024CA$171.0bCA$164.0bCA$23.6b7.3x7.3x1x
Fri, 08 Dec 2023CA$168.1bCA$164.1bCA$23.6b7.6x7.1x1x
Sun, 05 Nov 2023CA$157.4bCA$164.6bCA$21.9b7.4x7.2x1x
Tue, 03 Oct 2023CA$155.8bCA$164.6bCA$21.9b7.4x7.1x0.9x
Thu, 31 Aug 2023CA$157.0bCA$181.6bCA$21.9b7.5x7.2x0.9x
Sat, 29 Jul 2023CA$164.2bCA$176.4bCA$18.4b9.2x8.9x0.9x
Mon, 26 Jun 2023CA$153.4bCA$176.4bCA$18.4b8.8x8.3x0.9x
Wed, 24 May 2023CA$159.8bCA$171.6bCA$18.1b11.1x8.8x0.9x
Fri, 21 Apr 2023CA$155.5bCA$144.1bCA$16.2b11.1x9.6x1.1x
Sun, 19 Mar 2023CA$143.8bCA$148.6bCA$16.4b10.1x8.8x1x
Tue, 14 Feb 2023CA$155.6bCA$156.3bCA$16.6b10.7x9.4x1x
Thu, 12 Jan 2023CA$147.8bCA$160.5bCA$16.4b10.6x9x0.9x
Sat, 10 Dec 2022CA$142.0bCA$160.5bCA$16.4b9.9x8.6x0.9x
Mon, 07 Nov 2022CA$137.2bCA$174.0bCA$17.1b9.4x8x0.8x
Wed, 05 Oct 2022CA$137.7bCA$178.9bCA$17.8b9.2x7.7x0.8x
Fri, 02 Sep 2022CA$135.9bCA$178.8bCA$17.8b9x7.6x0.8x
Sun, 31 Jul 2022CA$143.4bCA$236.8bCA$20.4b8.2x7x0.6x
Tue, 28 Jun 2022CA$139.7bCA$241.9bCA$20.4b8x6.9x0.6x
Thu, 26 May 2022CA$147.1bCA$241.9bCA$20.4b8.5x7.2x0.6x
Sat, 23 Apr 2022CA$161.6bCA$249.9bCA$19.0b8.9x8.5x0.6x
Mon, 21 Mar 2022CA$162.8bCA$248.4bCA$19.0b8.9x8.6x0.7x
Wed, 16 Feb 2022CA$172.2bCA$247.0bCA$19.2b9.7x9x0.7x
Fri, 14 Jan 2022CA$170.2bCA$241.3bCA$18.7b10x9.1x0.7x
Sun, 12 Dec 2021CA$162.8bCA$241.4bCA$18.7b9.6x8.7x0.7x
Tue, 09 Nov 2021CA$167.0bCA$237.1bCA$18.4b10.6x9.1x0.7x
Thu, 07 Oct 2021CA$163.7bCA$232.7bCA$18.6b10.6x8.8x0.7x
Sat, 04 Sep 2021CA$162.1bCA$232.6bCA$18.6b10.8x8.7x0.7x
Mon, 02 Aug 2021CA$158.2bCA$232.6bCA$18.6b10x8.5x0.7x
Price to Earnings Ratio

8.5x


Total Market Cap: CA$158.2bTotal Earnings: CA$18.6bTotal Revenue: CA$232.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Life and Health Insurance Industry Price to Earnings3Y Average 8.7x202220232024
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 11.2x which is higher than its 3-year average PE of 8.7x.
  • The 3-year average PS ratio of 0.88x is lower than the industry's current PS ratio of 1.3x.
Past Earnings Growth
  • The earnings for companies in the Life and Health Insurance industry have declined 4.8% per year over the last three years,
  • Revenues have also declined 16% 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-0.31%
Financials-0.077%
Insurance-0.077%
Life and Health Insurance0.32%
General Insurance0%
Reinsurance0%
Property and Casualty Insurance-0.90%
Insurance Brokers-3.57%
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$41.481.5%
+CA$577.9m		2.9%PE11.8x
POW Power Corporation of CanadaCA$39.771.1%
+CA$269.3m		6.9%PE9.3x
IAG iA FinancialCA$90.601.1%
+CA$71.6m		-1.0%PE11.7x
Simply Wall St™
Simply Wall Street Pty Ltd
Level 7, 320 Pitt Street, Sydney
Download on the App StoreGet it on Google Play
Popular Markets
USAUUKINCAZA
About UsCareersPlansLogin
Help CenterLatest CoveragePodcastsAffiliate ProgramBusiness & Enterprise
Financial Services GuideTerms and ConditionsPrivacy Policy
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Latest News

MFC

CA$35.70

Manulife Financial

7D

-0.4%

1Y

35.7%

GWO

CA$41.48

Great-West Lifeco

7D

1.5%

1Y

2.9%

Market Cool On Great-West Lifeco Inc.'s (TSE:GWO) Earnings

Jun 30
Market Cool On Great-West Lifeco Inc.'s (TSE:GWO) Earnings

ELF

CA$1,170.00

E-L Financial

7D

-1.9%

1Y

25.7%

SFC

CA$5.99

Sagicor Financial

7D

-3.6%

1Y

36.1%

IAG

CA$90.60

iA Financial

7D

1.1%

1Y

-1.0%

Cautious Investors Not Rewarding iA Financial Corporation Inc.'s (TSE:IAG) Performance Completely

Jun 04
Cautious Investors Not Rewarding iA Financial Corporation Inc.'s (TSE:IAG) Performance Completely

POW

CA$39.77

Power Corporation of Canada

7D

1.1%

1Y

6.9%