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Canadian (TSX) Insurance Industry Analysis

UpdatedApr 03, 2025
DataAggregated Company Financials
Companies12
  • 7D4.5%
  • 3M9.7%
  • 1Y35.5%
  • YTD9.7%

Over the last 7 days, the Insurance industry has risen 4.5%, driven by gains in Great-West Lifeco and Manulife Financial of 7.1% and 4.3%, respectively. This means that the industry has gained 35% over the past year. As for the next few years, earnings are expected to grow by 5.3% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 03 Apr 2025CA$338.9bCA$235.0bCA$25.9b14x13.1x1.4x
Sat, 01 Mar 2025CA$324.8bCA$234.5bCA$26.3b13.7x12.4x1.4x
Mon, 27 Jan 2025CA$312.3bCA$233.9bCA$26.5b12.5x11.8x1.3x
Wed, 25 Dec 2024CA$316.8bCA$234.0bCA$26.6b12.8x11.9x1.4x
Fri, 22 Nov 2024CA$322.3bCA$232.5bCA$26.4b13.1x12.2x1.4x
Sun, 20 Oct 2024CA$303.7bCA$224.9bCA$24.6b14.7x12.3x1.4x
Tue, 17 Sep 2024CA$285.0bCA$224.2bCA$24.5b13.4x11.6x1.3x
Thu, 15 Aug 2024CA$266.4bCA$224.5bCA$24.7b12.8x10.8x1.2x
Sat, 13 Jul 2024CA$265.8bCA$217.8bCA$23.3b11.4x11.4x1.2x
Mon, 10 Jun 2024CA$262.4bCA$218.2bCA$23.3b11.5x11.2x1.2x
Wed, 08 May 2024CA$264.3bCA$214.9bCA$22.9b12.2x11.6x1.2x
Fri, 05 Apr 2024CA$259.0bCA$218.0bCA$23.0b12.3x11.3x1.2x
Sun, 03 Mar 2024CA$260.4bCA$235.9bCA$22.3b13.7x11.7x1.1x
Tue, 30 Jan 2024CA$252.0bCA$229.6bCA$29.2b10.3x8.6x1.1x
Thu, 28 Dec 2023CA$241.5bCA$228.9bCA$29.1b10x8.3x1.1x
Sat, 25 Nov 2023CA$239.8bCA$230.4bCA$29.3b10x8.2x1x
Mon, 23 Oct 2023CA$215.0bCA$231.7bCA$27.2b9.3x7.9x0.9x
Wed, 20 Sep 2023CA$232.4bCA$250.6bCA$27.1b9.2x8.6x0.9x
Fri, 18 Aug 2023CA$228.2bCA$248.0bCA$27.2b9.4x8.4x0.9x
Sun, 16 Jul 2023CA$223.4bCA$239.3bCA$23.4b10.4x9.5x0.9x
Tue, 13 Jun 2023CA$223.9bCA$239.7bCA$23.4b10.6x9.6x0.9x
Thu, 11 May 2023CA$219.6bCA$224.3bCA$19.6b12.5x11.2x1x
Sat, 08 Apr 2023CA$212.8bCA$205.6bCA$20.3b11.5x10.5x1x
Mon, 06 Mar 2023CA$222.2bCA$210.3bCA$20.6b11.6x10.8x1.1x
Wed, 01 Feb 2023CA$216.9bCA$219.0bCA$19.4b11.4x11.2x1x
Fri, 30 Dec 2022CA$204.3bCA$219.6bCA$19.4b10.4x10.5x0.9x
Sun, 27 Nov 2022CA$203.9bCA$219.2bCA$19.4b10.6x10.5x0.9x
Tue, 25 Oct 2022CA$187.7bCA$238.1bCA$21.4b8.9x8.8x0.8x
Thu, 22 Sep 2022CA$194.8bCA$237.2bCA$21.4b9.4x9.1x0.8x
Sat, 20 Aug 2022CA$204.0bCA$236.1bCA$21.4b9.8x9.5x0.9x
Mon, 18 Jul 2022CA$191.6bCA$299.3bCA$26.1b7.8x7.3x0.6x
Wed, 15 Jun 2022CA$192.4bCA$299.1bCA$26.1b8x7.4x0.6x
Fri, 13 May 2022CA$204.6bCA$303.3bCA$24.8b7.5x8.2x0.7x
Sun, 10 Apr 2022CA$222.9bCA$304.1bCA$25.5b8.3x8.7x0.7x
Price to Earnings Ratio

8.7x


Total Market Cap: CA$222.9bTotal Earnings: CA$25.5bTotal Revenue: CA$304.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Insurance Industry Price to Earnings3Y Average 10.1x202320242025
Current Industry PE
  • Investors are optimistic on the Canadian Insurance industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 13.1x which is higher than its 3-year average PE of 10.1x.
  • The 3-year average PS ratio of 1.0x is lower than the industry's current PS ratio of 1.4x.
Past Earnings Growth
  • The earnings for companies in the Insurance industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have declined 8.2% per year.
  • This means that the cost of doing business could be reducing since sales have declined but profits have remained steady.

Industry Trends

Which industries have driven the changes within the Canadian Financials industry?

CA Market0.70%
Financials0.68%
Insurance4.47%
Property and Casualty Insurance5.18%
Life and Health Insurance4.14%
General Insurance0%0
Reinsurance0%0
Insurance Brokers-3.85%
Industry PE
  • Investors are most optimistic about the Insurance Brokers industry which is trading above its 3-year average PE ratio.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Property and Casualty Insurance industry, which is trading close to its 3-year average of 13.2x.
Forecasted Growth
  • Analysts are most optimistic on the Life and Health Insurance industry, expecting annual earnings growth of 8.1% over the next 5 years.
  • However this is lower than its past earnings growth rate of 21% per year.
  • In contrast, the Property and Casualty Insurance industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
GWO Great-West LifecoCA$57.477.1%
+CA$3.6b		35.0%PE13.4x
POW Power Corporation of CanadaCA$52.032.5%
+CA$822.2m		38.6%PE11.9x
IFC Intact FinancialCA$290.121.4%
+CA$724.1m		33.1%PE23.4x
FFH Fairfax Financial HoldingsCA$2.07k1.0%
+CA$420.9m		39.1%PE8.2x
SLF Sun Life FinancialCA$82.100.4%
+CA$189.0m		14.0%PE15.4x
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CA$133.54

iA Financial

7D

-2.5%

1Y

57.1%

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Apr 03
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TSU

CA$34.26

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2.6%

1Y

-16.6%

Trisura Group Ltd.'s (TSE:TSU) Shareholders Might Be Looking For Exit

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POW

CA$52.03

Power Corporation of Canada

7D

2.5%

1Y

38.6%

NXG

CA$0.25

NexgenRx

7D

-3.8%

1Y

4.2%

SFC

CA$8.10

Sagicor Financial

7D

2.7%

1Y

15.7%

FFH

CA$2,071.12

Fairfax Financial Holdings

7D

1.0%

1Y

39.1%

MFC

CA$43.18

Manulife Financial

7D

-3.1%

1Y

31.2%

DFY

CA$63.40

Definity Financial

7D

1.8%

1Y

48.2%

ELF

CA$1,234.75

E-L Financial

7D

-8.4%

1Y

13.4%

E-L Financial (TSE:ELF) Will Pay A Dividend Of CA$3.75

Mar 15
E-L Financial (TSE:ELF) Will Pay A Dividend Of CA$3.75

IFC

CA$290.12

Intact Financial

7D

1.4%

1Y

33.1%

GWO

CA$57.47

Great-West Lifeco

7D

7.1%

1Y

35.0%

SLF

CA$82.10

Sun Life Financial

7D

0.4%

1Y

14.0%