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Canadian (TSX) Life and Health Insurance Industry Analysis

UpdatedApr 19, 2024
DataAggregated Company Financials
Companies7
  • 7D-1.4%
  • 3M1.5%
  • 1Y9.9%
  • YTDn/a

Over the last 7 days, the Life and Health Insurance industry has dropped 2.0%, driven by declines in Manulife Financial and Sun Life Financial of 2.7% and 3.6%, respectively. This takes the industry's 12 month performance to a gain of 9.2%. As for the next few years, earnings are expected to grow by 7.7% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 19 Apr 2024CA$171.7bCA$139.5bCA$15.5b10.4x11.1x1.2x
Sun, 17 Mar 2024CA$180.2bCA$158.9bCA$14.7b12.3x12.3x1.1x
Tue, 13 Feb 2024CA$175.4bCA$168.4bCA$23.0b7.7x7.6x1x
Thu, 11 Jan 2024CA$171.0bCA$164.0bCA$23.6b7.3x7.3x1x
Sat, 09 Dec 2023CA$168.6bCA$164.1bCA$23.6b7.6x7.2x1x
Mon, 06 Nov 2023CA$157.4bCA$164.6bCA$21.9b7.4x7.2x1x
Wed, 04 Oct 2023CA$153.8bCA$164.6bCA$21.9b7.2x7x0.9x
Fri, 01 Sep 2023CA$157.4bCA$181.6bCA$21.9b7.5x7.2x0.9x
Sun, 30 Jul 2023CA$164.2bCA$176.4bCA$18.4b9.2x8.9x0.9x
Tue, 27 Jun 2023CA$154.8bCA$176.4bCA$18.4b8.9x8.4x0.9x
Thu, 25 May 2023CA$157.4bCA$170.3bCA$18.1b10.9x8.7x0.9x
Sat, 22 Apr 2023CA$155.9bCA$144.1bCA$16.2b11.1x9.6x1.1x
Mon, 20 Mar 2023CA$143.8bCA$144.2bCA$16.2b10.1x8.9x1x
Wed, 15 Feb 2023CA$155.2bCA$156.3bCA$16.6b10.7x9.4x1x
Fri, 13 Jan 2023CA$149.1bCA$160.5bCA$16.4b10.6x9.1x0.9x
Sun, 11 Dec 2022CA$142.0bCA$160.5bCA$16.4b9.9x8.6x0.9x
Tue, 08 Nov 2022CA$137.2bCA$174.0bCA$17.1b9.4x8x0.8x
Thu, 06 Oct 2022CA$135.8bCA$179.0bCA$17.8b9.1x7.6x0.8x
Sat, 03 Sep 2022CA$136.9bCA$178.8bCA$17.8b9.1x7.7x0.8x
Mon, 01 Aug 2022CA$143.4bCA$236.8bCA$20.4b8.2x7x0.6x
Wed, 29 Jun 2022CA$139.7bCA$241.9bCA$20.4b8x6.9x0.6x
Fri, 27 May 2022CA$147.1bCA$241.9bCA$20.4b8.5x7.2x0.6x
Sun, 24 Apr 2022CA$161.4bCA$249.9bCA$19.0b8.9x8.5x0.6x
Tue, 22 Mar 2022CA$163.1bCA$249.9bCA$19.0b8.8x8.6x0.7x
Thu, 17 Feb 2022CA$171.3bCA$247.0bCA$19.2b9.6x8.9x0.7x
Sat, 15 Jan 2022CA$170.9bCA$241.3bCA$18.7b9.9x9.1x0.7x
Mon, 13 Dec 2021CA$162.8bCA$241.4bCA$18.7b9.6x8.7x0.7x
Wed, 10 Nov 2021CA$167.0bCA$237.1bCA$18.4b10.6x9.1x0.7x
Fri, 08 Oct 2021CA$164.2bCA$232.6bCA$18.6b10.7x8.8x0.7x
Sun, 05 Sep 2021CA$162.1bCA$232.6bCA$18.6b10.8x8.7x0.7x
Tue, 03 Aug 2021CA$158.5bCA$232.6bCA$18.6b10.1x8.5x0.7x
Fri, 07 May 2021CA$160.0bCA$242.0bCA$16.2b10x9.9x0.7x
Price to Earnings Ratio

9.9x


Total Market Cap: CA$160.0bTotal Earnings: CA$16.2bTotal Revenue: CA$242.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Life and Health Insurance Industry Price to Earnings3Y Average 8.5x202220232024
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 11.0x which is higher than its 3-year average PE of 8.5x.
  • The 3-year average PS ratio of 0.83x is lower than the industry's current PS ratio of 1.2x.
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 17% 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-1.94%
Financials-1.93%
Insurance-0.60%
Life and Health Insurance-1.37%
Property and Casualty Insurance1.06%
General Insurance0%
Reinsurance0%
Insurance Brokers-9.09%
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
POW Power Corporation of CanadaCA$36.460.03%
+CA$1.6m
2.4%PE10.2x
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SFC

CA$6.81

Sagicor Financial

7D

-5.3%

1Y

30.0%

SLF

CA$69.80

Sun Life Financial

7D

-1.3%

1Y

6.9%

POW

CA$36.46

Power Corporation of Canada

7D

0.03%

1Y

2.4%

ELF

CA$1,081.00

E-L Financial

7D

-0.01%

1Y

18.9%

MFC

CA$31.59

Manulife Financial

7D

-2.7%

1Y

20.7%