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Canadian (TSX) Insurance Industry Analysis

UpdatedMay 15, 2025
DataAggregated Company Financials
Companies12
  • 7D-0.3%
  • 3M5.0%
  • 1Y28.5%
  • YTD6.8%

The Insurance is pretty flat in the last 7 days, but Sun Life Financial has stood out, gaining 5.2%. As for the the longer term, the industry is up 28% over the past 12 months. As for the next few years, earnings are expected to grow by 6.1% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 15 May 2025CA$331.3bCA$236.7bCA$24.9b15.1x13.3x1.4x
Sat, 12 Apr 2025CA$304.2bCA$233.4bCA$25.7b12.7x11.8x1.3x
Mon, 10 Mar 2025CA$323.4bCA$233.6bCA$26.0b13.6x12.4x1.4x
Wed, 05 Feb 2025CA$309.2bCA$233.7bCA$26.5b12.6x11.7x1.3x
Fri, 03 Jan 2025CA$316.3bCA$234.0bCA$26.6b12.6x11.9x1.4x
Sun, 01 Dec 2024CA$324.1bCA$232.6bCA$26.4b13.1x12.3x1.4x
Tue, 29 Oct 2024CA$300.3bCA$225.2bCA$24.7b14.5x12.2x1.3x
Thu, 26 Sep 2024CA$290.1bCA$223.8bCA$24.5b13.9x11.8x1.3x
Sat, 24 Aug 2024CA$274.0bCA$223.9bCA$24.5b12.9x11.2x1.2x
Mon, 22 Jul 2024CA$264.4bCA$218.1bCA$23.3b11.6x11.3x1.2x
Wed, 19 Jun 2024CA$255.8bCA$218.1bCA$23.3b11.2x11x1.2x
Fri, 17 May 2024CA$264.7bCA$217.7bCA$23.3b12.1x11.4x1.2x
Sun, 14 Apr 2024CA$254.4bCA$218.8bCA$23.1b12x11x1.2x
Tue, 12 Mar 2024CA$263.3bCA$237.2bCA$22.2b14x11.9x1.1x
Thu, 08 Feb 2024CA$254.5bCA$229.7bCA$29.2b9.9x8.7x1.1x
Sat, 06 Jan 2024CA$242.2bCA$229.5bCA$29.2b10x8.3x1.1x
Mon, 04 Dec 2023CA$240.4bCA$229.2bCA$28.9b10x8.3x1x
Wed, 01 Nov 2023CA$218.4bCA$232.2bCA$27.3b9.4x8x0.9x
Fri, 29 Sep 2023CA$224.3bCA$231.0bCA$27.2b9.3x8.3x1x
Sun, 27 Aug 2023CA$222.8bCA$248.3bCA$27.2b9.4x8.2x0.9x
Tue, 25 Jul 2023CA$229.7bCA$239.1bCA$23.4b10.9x9.8x1x
Thu, 22 Jun 2023CA$221.2bCA$239.1bCA$23.4b10.6x9.5x0.9x
Sat, 20 May 2023CA$226.6bCA$256.5bCA$23.1b10.9x9.8x0.9x
Mon, 17 Apr 2023CA$215.7bCA$205.2bCA$20.3b12.2x10.6x1.1x
Wed, 15 Mar 2023CA$209.0bCA$210.5bCA$20.6b11.1x10.1x1x
Fri, 10 Feb 2023CA$217.3bCA$215.3bCA$19.5b11.2x11.1x1x
Sun, 08 Jan 2023CA$208.4bCA$219.4bCA$19.4b10.8x10.7x1x
Tue, 06 Dec 2022CA$205.5bCA$219.7bCA$19.4b10.5x10.6x0.9x
Thu, 03 Nov 2022CA$195.2bCA$237.9bCA$21.4b9.4x9.1x0.8x
Sat, 01 Oct 2022CA$185.8bCA$238.1bCA$21.4b8.8x8.7x0.8x
Mon, 29 Aug 2022CA$198.5bCA$236.1bCA$21.4b9.6x9.3x0.8x
Wed, 27 Jul 2022CA$194.4bCA$299.0bCA$26.0b8x7.5x0.7x
Fri, 24 Jun 2022CA$188.4bCA$299.2bCA$26.1b7.8x7.2x0.6x
Sun, 22 May 2022CA$197.8bCA$298.8bCA$26.0b7.6x7.6x0.7x
Price to Earnings Ratio

7.6x


Total Market Cap: CA$197.8bTotal Earnings: CA$26.0bTotal Revenue: CA$298.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Insurance Industry Price to Earnings3Y Average 10.3x202320242025
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 13.3x which is higher than its 3-year average PE of 10.3x.
  • 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 remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have declined 7.6% 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 Market1.52%
Financials2.87%
Insurance-0.30%
Life and Health Insurance1.35%
Insurance Brokers0%0
General Insurance0%0
Reinsurance0%0
Property and Casualty Insurance-3.54%
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 13.3x.
Forecasted Growth
  • Analysts are most optimistic on the Life and Health Insurance industry, expecting annual earnings growth of 9.5% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • 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
SLF Sun Life FinancialCA$88.005.2%
+CA$2.3b		27.2%PE15.8x
MFC Manulife FinancialCA$44.382.2%
+CA$1.6b		24.8%PE16.2x
IAG iA FinancialCA$139.303.6%
+CA$446.2m		54.9%PE14.5x
ELF E-L FinancialCA$1.50k8.3%
+CA$398.1m		36.8%PE4.8x
SFC Sagicor FinancialCA$8.102.8%
+CA$29.8m		19.1%PE8.1x
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POW

CA$49.18

Power Corporation of Canada

7D

-3.0%

1Y

26.7%

DFY

CA$64.40

Definity Financial

7D

-7.6%

1Y

46.5%

GWO

CA$50.10

Great-West Lifeco

7D

-2.0%

1Y

18.2%

ELF

CA$1,500.00

E-L Financial

7D

8.3%

1Y

36.8%

MFC

CA$44.38

Manulife Financial

7D

2.2%

1Y

24.8%

IAG

CA$139.30

iA Financial

7D

3.6%

1Y

54.9%

SFC

CA$8.10

Sagicor Financial

7D

2.8%

1Y

19.1%

IFC

CA$290.26

Intact Financial

7D

-6.0%

1Y

28.4%

SLF

CA$88.00

Sun Life Financial

7D

5.2%

1Y

27.2%

FFH

CA$2,227.98

Fairfax Financial Holdings

7D

-0.1%

1Y

43.5%

TSU

CA$37.50

Trisura Group

7D

0.7%

1Y

-12.8%