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Canadian (TSX) Insurance Industry Analysis

UpdatedAug 10, 2025
DataAggregated Company Financials
Companies12
  • 7D-0.9%
  • 3M-0.2%
  • 1Y29.3%
  • YTD6.7%

The Insurance industry has been flat over the last week, but Sun Life Financial has lost 6.6%. As for the the longer term, the industry is up 29% over the past 12 months. Looking forward, earnings are forecast to grow by 5.1% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 10 Aug 2025CA$331.2bCA$241.4bCA$26.7b13.3x12.4x1.4x
Tue, 08 Jul 2025CA$342.2bCA$235.4bCA$24.8b15.1x13.8x1.5x
Thu, 05 Jun 2025CA$341.4bCA$235.5bCA$24.8b15.2x13.8x1.4x
Sat, 03 May 2025CA$329.8bCA$234.9bCA$25.9b14.1x12.7x1.4x
Mon, 31 Mar 2025CA$330.0bCA$234.9bCA$25.9b13.5x12.7x1.4x
Wed, 26 Feb 2025CA$319.8bCA$233.9bCA$26.2b13.6x12.2x1.4x
Fri, 24 Jan 2025CA$311.6bCA$234.0bCA$26.5b12.5x11.7x1.3x
Sun, 22 Dec 2024CA$314.8bCA$233.9bCA$26.5b12.7x11.9x1.3x
Tue, 19 Nov 2024CA$320.8bCA$231.9bCA$26.4b12.7x12.1x1.4x
Thu, 17 Oct 2024CA$302.0bCA$224.7bCA$24.6b14.6x12.3x1.3x
Sat, 14 Sep 2024CA$285.4bCA$224.2bCA$24.5b13.4x11.6x1.3x
Mon, 12 Aug 2024CA$260.9bCA$223.9bCA$24.7b12.3x10.5x1.2x
Wed, 10 Jul 2024CA$263.7bCA$217.8bCA$23.3b11.3x11.3x1.2x
Fri, 07 Jun 2024CA$262.4bCA$217.9bCA$23.3b11.5x11.3x1.2x
Sun, 05 May 2024CA$261.7bCA$215.0bCA$22.8b12x11.5x1.2x
Tue, 02 Apr 2024CA$262.2bCA$218.1bCA$23.0b12.6x11.4x1.2x
Thu, 29 Feb 2024CA$260.8bCA$235.9bCA$22.3b13.7x11.7x1.1x
Sat, 27 Jan 2024CA$251.1bCA$229.7bCA$29.2b10.2x8.6x1.1x
Mon, 25 Dec 2023CA$239.7bCA$229.1bCA$29.2b9.9x8.2x1x
Wed, 22 Nov 2023CA$236.6bCA$230.7bCA$29.3b10.1x8.1x1x
Fri, 20 Oct 2023CA$219.9bCA$231.7bCA$27.2b9.4x8.1x0.9x
Sun, 17 Sep 2023CA$232.5bCA$248.0bCA$27.2b9.3x8.6x0.9x
Tue, 15 Aug 2023CA$231.9bCA$247.0bCA$27.0b9.4x8.6x0.9x
Thu, 13 Jul 2023CA$221.9bCA$239.2bCA$23.4b10.5x9.5x0.9x
Sat, 10 Jun 2023CA$223.8bCA$233.9bCA$23.4b10.6x9.6x1x
Mon, 08 May 2023CA$220.7bCA$205.2bCA$20.3b12.5x10.9x1.1x
Wed, 05 Apr 2023CA$211.6bCA$205.4bCA$20.3b11.4x10.4x1x
Fri, 03 Mar 2023CA$222.0bCA$210.3bCA$20.6b11.6x10.8x1.1x
Sun, 29 Jan 2023CA$215.3bCA$219.0bCA$19.4b11.4x11.1x1x
Tue, 27 Dec 2022CA$204.6bCA$219.8bCA$19.4b10.5x10.5x0.9x
Thu, 24 Nov 2022CA$201.8bCA$219.2bCA$19.4b10.5x10.4x0.9x
Sat, 22 Oct 2022CA$187.7bCA$238.1bCA$21.4b8.9x8.8x0.8x
Mon, 19 Sep 2022CA$196.8bCA$236.9bCA$21.4b9.4x9.2x0.8x
Wed, 17 Aug 2022CA$204.6bCA$235.8bCA$21.4b9.7x9.6x0.9x
Price to Earnings Ratio

9.6x


Total Market Cap: CA$204.6bTotal Earnings: CA$21.4bTotal Revenue: CA$235.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Insurance Industry Price to Earnings3Y Average 10.7x202320242025
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 12.4x which is higher than its 3-year average PE of 10.7x.
  • The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.4x.
Past Earnings Growth
  • The earnings for companies in the Insurance industry have grown 7.7% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

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

CA Market1.30%
Financials0.81%
Insurance-0.93%
Insurance Brokers4.29%
General Insurance0%0
Reinsurance0%0
Life and Health Insurance-0.63%
Property and Casualty Insurance-1.49%
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 below its 3-year average of 13.6x.
Forecasted Growth
  • Analysts are most optimistic on the Life and Health Insurance industry, expecting annual earnings growth of 8.6% over the next 5 years.
  • This is better than its past earnings growth rate of 1.6% 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$53.282.3%
+CA$1.4b		28.9%PE13.3x
POW Power Corporation of CanadaCA$57.602.9%
+CA$1.0b		56.9%PE13.2x
IAG iA FinancialCA$141.274.4%
+CA$544.9m		42.4%PE13x
TSU Trisura GroupCA$42.142.3%
+CA$44.9m		4.1%PE16.6x
SFC Sagicor FinancialCA$7.621.2%
+CA$12.2m		25.5%PE9.7x

Latest News

TSU
CA$42.14
Trisura Group
7D
2.3%
1Y
4.1%
FFH
CA$2,365.29
Fairfax Financial Holdings
7D
-1.5%
1Y
57.7%
ELF
CA$14.50
E-L Financial
7D
-0.6%
1Y
11.9%
POW
CA$57.60
Power Corporation of Canada
7D
2.9%
1Y
56.9%
MFC
CA$41.41
Manulife Financial
7D
-1.5%
1Y
20.2%
GWO
CA$53.28
Great-West Lifeco
7D
2.3%
1Y
28.9%
IAG
CA$141.27
iA Financial
7D
4.4%
1Y
42.4%

iA Financial (TSE:IAG) Has Announced That It Will Be Increasing Its Dividend To CA$0.99

Aug 09
iA Financial (TSE:IAG) Has Announced That It Will Be Increasing Its Dividend To CA$0.99
SLF
CA$77.85
Sun Life Financial
7D
-6.6%
1Y
17.9%
SFC
CA$7.62
Sagicor Financial
7D
1.2%
1Y
25.5%
DFY
CA$71.94
Definity Financial
7D
-2.5%
1Y
45.8%
IFC
CA$279.00
Intact Financial
7D
-1.4%
1Y
13.5%
NXG
CA$0.36
NexgenRx
7D
4.3%
1Y
46.0%

Optimistic Investors Push NexgenRx Inc. (CVE:NXG) Shares Up 29% But Growth Is Lacking

Jul 01
Optimistic Investors Push NexgenRx Inc. (CVE:NXG) Shares Up 29% But Growth Is Lacking