Has the Canadian Property and Casualty Insurance Industry valuation changed over the past few years?

Investors are pessimistic on the Canadian Property and Casualty Insurance industry, indicating that they anticipate long term growth rates will be lower than they have historically. The industry is trading at a PE ratio of 10.3x which is lower than its 3-year average PE of 12.0x. The industry is trading close to its 3-year average PS ratio of 1.2x.

How does Canadian Property and Casualty Insurance compare with similar industries?

There are no additional sub-industries under this industry.

Canadian (TSX) Property and Casualty Insurance Industry Analysis

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Fri, 22 May 2026	CA$110.5b	CA$88.1b	CA$10.4b	13.9x	10.7x	1.3x
Sun, 19 Apr 2026	CA$113.4b	CA$87.8b	CA$10.6b	14.9x	10.7x	1.3x
Tue, 17 Mar 2026	CA$104.6b	CA$88.0b	CA$10.6b	14.3x	9.9x	1.2x
Thu, 12 Feb 2026	CA$108.3b	CA$86.1b	CA$10.4b	14.8x	10.5x	1.3x
Sat, 10 Jan 2026	CA$117.3b	CA$86.8b	CA$10.1b	17x	11.6x	1.4x
Mon, 08 Dec 2025	CA$110.6b	CA$86.4b	CA$10.1b	15.8x	11x	1.3x
Wed, 05 Nov 2025	CA$106.8b	CA$90.6b	CA$9.3b	17.5x	11.5x	1.2x
Fri, 03 Oct 2025	CA$116.7b	CA$90.1b	CA$9.2b	17.8x	12.6x	1.3x
Sun, 31 Aug 2025	CA$113.0b	CA$89.2b	CA$9.1b	18.4x	12.4x	1.3x
Tue, 29 Jul 2025	CA$118.2b	CA$86.4b	CA$8.3b	20.5x	14.2x	1.4x
Thu, 26 Jun 2025	CA$120.8b	CA$86.3b	CA$8.3b	20.4x	14.6x	1.4x
Sat, 24 May 2025	CA$113.1b	CA$86.4b	CA$8.3b	17.7x	13.6x	1.3x
Mon, 21 Apr 2025	CA$105.8b	CA$84.6b	CA$8.1b	15.5x	13x	1.2x
Wed, 19 Mar 2025	CA$104.0b	CA$86.2b	CA$8.3b	14.2x	12.5x	1.2x
Fri, 14 Feb 2025	CA$104.3b	CA$85.0b	CA$8.5b	13.9x	12.2x	1.2x
Sun, 12 Jan 2025	CA$96.2b	CA$87.2b	CA$8.5b	13.5x	11.3x	1.1x
Tue, 10 Dec 2024	CA$100.4b	CA$86.3b	CA$8.4b	15x	12x	1.2x
Thu, 07 Nov 2024	CA$96.8b	CA$85.4b	CA$8.2b	19.2x	11.8x	1.1x
Sat, 05 Oct 2024	CA$92.5b	CA$81.9b	CA$8.0b	19.4x	11.6x	1.1x
Mon, 02 Sep 2024	CA$89.0b	CA$81.6b	CA$7.9b	18.5x	11.2x	1.1x
Wed, 31 Jul 2024	CA$85.9b	CA$80.1b	CA$7.3b	20x	11.7x	1.1x
Fri, 28 Jun 2024	CA$81.3b	CA$79.6b	CA$7.3b	18.1x	11.2x	1x
Sun, 26 May 2024	CA$83.0b	CA$79.5b	CA$7.2b	17.9x	11.5x	1x
Tue, 23 Apr 2024	CA$81.2b	CA$79.1b	CA$7.6b	22.2x	10.7x	1x
Thu, 21 Mar 2024	CA$86.0b	CA$78.3b	CA$7.5b	22.9x	11.5x	1.1x
Sat, 17 Feb 2024	CA$82.3b	CA$69.9b	CA$7.4b	21.8x	11.2x	1.2x
Mon, 15 Jan 2024	CA$73.8b	CA$65.6b	CA$5.7b	10.5x	13x	1.1x
Wed, 13 Dec 2023	CA$72.7b	CA$66.1b	CA$5.7b	10.5x	12.7x	1.1x
Fri, 10 Nov 2023	CA$72.0b	CA$67.3b	CA$5.9b	10.5x	12.2x	1.1x
Sun, 08 Oct 2023	CA$69.0b	CA$66.9b	CA$5.3b	10.5x	13.1x	1x
Tue, 05 Sep 2023	CA$68.2b	CA$66.6b	CA$5.2b	10.5x	13x	1x
Thu, 03 Aug 2023	CA$66.4b	CA$63.2b	CA$5.0b	11.6x	13.3x	1.1x
Sat, 01 Jul 2023	CA$66.7b	CA$62.9b	CA$5.0b	10.7x	13.4x	1.1x
Mon, 29 May 2023	CA$66.3b	CA$64.0b	CA$5.0b	10.9x	13.1x	1x


CA Market	-0.067%
Financials	2.31%
Insurance	3.67%
Property and Casualty Insurance	5.34%
Life and Health Insurance	3.05%
Insurance Brokers	0%	0
General Insurance	0%	0
Reinsurance	0%	0

Company	Last Price	7D	1Y	Valuation
IFC Intact Financial	CA$280.11	8.8% +CA$4.0b	-7.7%	PE14.8x
FFH Fairfax Financial Holdings	CA$2.26k	2.9% +CA$1.5b	-1.8%	PE8.1x
DFY Definity Financial	CA$69.00	2.9% +CA$234.4m	1.0%	PE21.3x
TSU Trisura Group	CA$41.21	0.4% +CA$8.5m	7.2%	PE12.9x

Announcement • May 14

Equinox Gold Corp. (TSX:EQX) entered into a definitive arrangement agreement to acquire Orla Mining Ltd. (TSX:OLA) from Pierre Lassonde, Fairfax Financial Holdings Limited (TSX:FFH), and others for $5.2 billion.

Equinox Gold Corp. (TSX:EQX) entered into a definitive arrangement agreement to acquire Orla Mining Ltd. (TSX:OLA) from Pierre Lassonde, Fairfax Financial Holdings Limited (TSX:FFH), and others for $5.2 billion on May 13, 2026. Under the terms of the agreement, Orla shareholders will receive 1 Equinox common share and a nominal cash payment of $0.0001 for each Orla common share held. Upon completion of the transaction, existing Equinox shareholders and former Orla shareholders will own approximately 67% and 33% of the outstanding common shares of the combined company, respectively, on a fully diluted in-the-money basis. The combined company will continue under the name "Equinox Gold Corp." In case of termination, Equinox Gold Corp. will pay a termination fee of $475 million, while Orla Mining Ltd. will pay $250 million. Upon closing of the Transaction, the combined company will be led by executives and directors from both Equinox and Orla. Equinox's current Chief Executive Officer, Darren Hall, will remain as Chief Executive Officer, while Orla's current President and Chief Executive Officer, Jason Simpson, will join Equinox Gold's leadership team as President. The board of directors of the combined company will consist of eleven directors, with Chuck Jeannes as Chair, along with six directors from Equinox and an additional four directors from Orla. Officers and directors of Orla, Pierre Lassonde, and certain affiliates of Fairfax Financial Holdings Limited, who collectively hold approximately 20% of the outstanding Orla common shares, have entered into voting support agreements pursuant to which they have agreed, among other things, to vote their Orla common shares in favor of the transaction. The transaction will be effected pursuant to a court approved plan of arrangement under the Canada Business Corporations Act. The transaction will require approval by 66 2/3 percent of the votes cast by the shareholders of Orla. Meanwhile, the issuance of Equinox common shares pursuant to the transaction is subject to approval by the shareholders of Equinox by a simple majority of the votes cast at a special meeting of Equinox shareholders expected to be held in July 2026. In addition to shareholder approval, the closing of the transaction is subject to court approval, applicable regulatory approvals, including both Canadian and Mexican competition authorization, approval of the listing of the Equinox common shares to be issued under the Transaction on the Toronto Stock Exchange and the NYSE American Exchange, and the satisfaction of certain other closing conditions customary for a transaction of this nature. The transaction is expected to close in Q3 2026. The board of both parties unanimously approved the deal. A special committee for formed by Orla in connection with the transaction. Bank of Montreal (TSX:BMO) acted as financial advisor to Equinox. Bank of Montreal and CIBC World Markets Inc. acted as fairness opinion provider to the board of directors of Equinox. The Bank of Nova Scotia (TSX:BNS) and Fort Capital Partners Ontario acted as fairness opinion provider to the Orla Special Committee. Blake, Cassels & Graydon LLP and Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal advisors to Equinox. Trinity Advisors Corporation acted as financial advisor to Orla. Meanwhile, Cassels Brock & Blackwell LLP and Crowell & Moring LLP acted as legal advisors to Orla. Fasken Martineau DuMoulin LLP acted as legal advisor to Orla Special Committee.

Canadian (TSX) Property and Casualty Insurance Industry Analysis

Industry Valuation and Performance

Industry Comparison

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Latest News

TSU: U.S. Expansion And C$59 Consensus Support A Stronger Forward Outlook

Equinox Gold Corp. (TSX:EQX) entered into a definitive arrangement agreement to acquire Orla Mining Ltd. (TSX:OLA) from Pierre Lassonde, Fairfax Financial Holdings Limited (TSX:FFH), and others for $5.2 billion.

Consensus EPS estimates fall by 12%

First quarter dividend of CA$1.47 announced