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Canadian (TSX) Life and Health Insurance Industry Analysis

UpdatedJul 27, 2026
DataAggregated Company Financials
Companies7
  • 7D0.6%
  • 3M21.6%
  • 1Y51.6%
  • YTDn/a

In the last week, Life and Health Insurance has been flat. The past year has been better, since the industry has gained 52% in that time. As for the next few years, earnings are expected to grow by 9.3% 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, 27 Jul 2026CA$333.6bCA$157.2bCA$18.1b19.3x18.4x2.1x
Wed, 24 Jun 2026CA$315.4bCA$157.2bCA$18.1b18.3x17.4x2x
Fri, 22 May 2026CA$288.8bCA$157.1bCA$18.1b16.7x15.9x1.8x
Sun, 19 Apr 2026CA$274.8bCA$154.5bCA$17.6b15.4x15.6x1.8x
Tue, 17 Mar 2026CA$244.2bCA$154.1bCA$18.1b13.7x13.5x1.6x
Thu, 12 Feb 2026CA$254.4bCA$155.5bCA$18.1b13.6x14.1x1.6x
Sat, 10 Jan 2026CA$264.9bCA$155.6bCA$18.1b15.1x14.7x1.7x
Mon, 08 Dec 2025CA$252.2bCA$155.6bCA$18.1b14.4x14x1.6x
Wed, 05 Nov 2025CA$245.6bCA$152.3bCA$17.5b14.7x14x1.6x
Fri, 03 Oct 2025CA$232.6bCA$152.3bCA$17.5b13.9x13.3x1.5x
Sun, 31 Aug 2025CA$224.7bCA$152.2bCA$17.5b13.5x12.8x1.5x
Tue, 29 Jul 2025CA$225.1bCA$149.3bCA$16.5b13x13.6x1.5x
Thu, 26 Jun 2025CA$226.1bCA$149.3bCA$16.5b12.7x13.7x1.5x
Sat, 24 May 2025CA$223.3bCA$149.3bCA$18.5b12.5x12x1.5x
Mon, 21 Apr 2025CA$210.6bCA$148.6bCA$17.6b12.2x12x1.4x
Wed, 19 Mar 2025CA$218.5bCA$147.2bCA$17.1b12.8x12.8x1.5x
Fri, 14 Feb 2025CA$218.1bCA$148.9bCA$17.9b12.4x12.2x1.5x
Sun, 12 Jan 2025CA$210.8bCA$146.9bCA$18.1b12.1x11.7x1.4x
Tue, 10 Dec 2024CA$227.8bCA$146.9bCA$18.1b13.2x12.6x1.6x
Thu, 07 Nov 2024CA$208.1bCA$146.1bCA$17.3b11.9x12x1.4x
Sat, 05 Oct 2024CA$202.4bCA$142.2bCA$16.5b11.6x12.2x1.4x
Mon, 02 Sep 2024CA$191.7bCA$142.2bCA$16.5b11.1x11.6x1.3x
Wed, 31 Jul 2024CA$181.7bCA$138.4bCA$16.1b11.8x11.3x1.3x
Fri, 28 Jun 2024CA$176.5bCA$138.4bCA$16.1b11.2x11x1.3x
Sun, 26 May 2024CA$185.4bCA$138.3bCA$16.1b12.1x11.5x1.3x
Tue, 23 Apr 2024CA$172.5bCA$139.5bCA$15.5b10.5x11.1x1.2x
Thu, 21 Mar 2024CA$181.4bCA$158.9bCA$14.7b12.4x12.4x1.1x
Sat, 17 Feb 2024CA$179.6bCA$178.8bCA$15.8b11x11.4x1x
Mon, 15 Jan 2024CA$169.7bCA$164.0bCA$23.6b7.2x7.2x1x
Wed, 13 Dec 2023CA$171.7bCA$164.1bCA$23.6b7.6x7.3x1x
Fri, 10 Nov 2023CA$154.5bCA$164.9bCA$21.3b8.5x7.2x0.9x
Sun, 08 Oct 2023CA$155.5bCA$164.6bCA$21.9b7.5x7.1x0.9x
Tue, 05 Sep 2023CA$159.5bCA$181.6bCA$21.9b7.5x7.3x0.9x
Thu, 03 Aug 2023CA$162.5bCA$176.5bCA$18.4b9.2x8.8x0.9x
Price to Earnings Ratio

8.8x


Total Market Cap: CA$162.5bTotal Earnings: CA$18.4bTotal Revenue: CA$176.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Life and Health Insurance Industry Price to Earnings3Y Average 12x202420252026
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 18.4x which is higher than its 3-year average PE of 12.0x.
  • 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 3.8% 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 Market0.56%
Financials-1.82%
Insurance0.49%
Life and Health Insurance0.61%
Insurance Brokers27.27%
Property and Casualty Insurance0.13%
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
MFC Manulife FinancialCA$61.563.0%
+CA$3.0b		42.5%PE17.4x
SLF Sun Life FinancialCA$116.002.2%
+CA$1.4b		36.5%PE21.5x
POW Power Corporation of CanadaCA$92.901.6%
+CA$792.9m		67.8%PE21.6x
GWO Great-West LifecoCA$92.400.7%
+CA$601.7m		77.6%PE19.3x
ELF E-L FinancialCA$16.950.06%
+CA$3.5m		14.0%PE5x

Latest News

SLF
CA$116.00
Sun Life Financial
7D
2.2%
1Y
36.5%
Narrative Update • Jul 26

SLF: Fair Value Case Will Rely On Ongoing U.S. Acquisition Execution

The analyst price target for Sun Life Financial has been raised from about CA$101.79 to about CA$110.14. Analysts point to higher assessed profitability, a slightly stronger future P/E assumption, and a series of refreshed Street targets around CA$111 that factor in mixed fundamentals and valuation after the stock's recent rally.
MFC
CA$61.56
Manulife Financial
7D
3.0%
1Y
42.5%
GWO
CA$92.40
Great-West Lifeco
7D
0.7%
1Y
77.6%
IAG
CA$205.10
iA Financial
7D
-0.1%
1Y
43.1%
POW
CA$92.90
Power Corporation of Canada
7D
1.6%
1Y
67.8%
ELF
CA$16.95
E-L Financial
7D
0.06%
1Y
14.0%
SFC
CA$8.58
Sagicor Financial
7D
-1.9%
1Y
9.2%