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Canadian (TSX) Insurance Industry Analysis

UpdatedMay 21, 2025
DataAggregated Company Financials
Companies12
  • 7D2.3%
  • 3M6.6%
  • 1Y30.2%
  • YTD9.2%

In the last week, the Insurance industry is up 1.6%, with Intact Financial up 4.0%. In the last 12 months, the industry was up 29%. As for the next few years, earnings are expected to grow by 6.0% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 21 May 2025CA$337.5bCA$236.4bCA$26.9b15.3x12.5x1.4x
Fri, 18 Apr 2025CA$316.4bCA$233.2bCA$25.7b13x12.3x1.4x
Sun, 16 Mar 2025CA$318.4bCA$233.7bCA$25.4b13.4x12.5x1.4x
Tue, 11 Feb 2025CA$321.7bCA$235.1bCA$26.9b13.1x12x1.4x
Thu, 09 Jan 2025CA$312.0bCA$234.0bCA$26.6b12.4x11.8x1.3x
Sat, 07 Dec 2024CA$326.9bCA$233.1bCA$26.4b13.3x12.4x1.4x
Mon, 04 Nov 2024CA$303.0bCA$226.6bCA$24.6b14.5x12.3x1.3x
Wed, 02 Oct 2024CA$294.4bCA$223.8bCA$24.5b14.3x12x1.3x
Fri, 30 Aug 2024CA$278.0bCA$223.8bCA$24.5b13x11.4x1.2x
Sun, 28 Jul 2024CA$268.1bCA$218.4bCA$23.4b11.8x11.5x1.2x
Tue, 25 Jun 2024CA$256.0bCA$217.9bCA$23.3b11.3x11x1.2x
Thu, 23 May 2024CA$267.2bCA$218.0bCA$23.3b12.2x11.5x1.2x
Sat, 20 Apr 2024CA$252.7bCA$218.7bCA$23.1b11.9x10.9x1.2x
Mon, 18 Mar 2024CA$263.6bCA$237.4bCA$22.2b13.8x11.9x1.1x
Wed, 14 Feb 2024CA$249.2bCA$236.2bCA$28.7b9.7x8.7x1.1x
Fri, 12 Jan 2024CA$245.0bCA$229.6bCA$29.2b10x8.4x1.1x
Sun, 10 Dec 2023CA$241.8bCA$230.2bCA$29.3b9.9x8.3x1.1x
Tue, 07 Nov 2023CA$227.7bCA$227.3bCA$28.8b9.3x7.9x1x
Thu, 05 Oct 2023CA$221.4bCA$231.8bCA$27.2b9.3x8.1x1x
Sat, 02 Sep 2023CA$227.7bCA$248.3bCA$27.2b9.4x8.4x0.9x
Mon, 31 Jul 2023CA$231.0bCA$239.3bCA$23.4b10.9x9.9x1x
Wed, 28 Jun 2023CA$222.3bCA$239.2bCA$23.4b10.6x9.5x0.9x
Fri, 26 May 2023CA$222.3bCA$234.2bCA$23.2b10.9x9.6x0.9x
Sun, 23 Apr 2023CA$220.8bCA$205.7bCA$20.3b12.5x10.9x1.1x
Tue, 21 Mar 2023CA$207.1bCA$206.2bCA$20.4b11.1x10.2x1x
Thu, 16 Feb 2023CA$218.8bCA$215.3bCA$19.4b11.5x11.3x1x
Sat, 14 Jan 2023CA$212.0bCA$219.2bCA$19.4b11.1x10.9x1x
Mon, 12 Dec 2022CA$204.7bCA$219.9bCA$19.4b10.4x10.6x0.9x
Wed, 09 Nov 2022CA$196.4bCA$232.6bCA$19.9b9.8x9.8x0.8x
Fri, 07 Oct 2022CA$190.7bCA$238.1bCA$21.4b9.1x8.9x0.8x
Sun, 04 Sep 2022CA$193.2bCA$236.4bCA$21.4b9.2x9x0.8x
Tue, 02 Aug 2022CA$201.0bCA$293.6bCA$24.0b9x8.4x0.7x
Thu, 30 Jun 2022CA$193.4bCA$299.0bCA$26.0b7.9x7.4x0.6x
Sat, 28 May 2022CA$203.8bCA$298.6bCA$26.0b7.7x7.8x0.7x
Price to Earnings Ratio

7.8x


Total Market Cap: CA$203.8bTotal Earnings: CA$26.0bTotal Revenue: CA$298.6bTotal 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 12.5x 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 7.5% 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 Market1.66%
Financials1.76%
Insurance2.33%
Property and Casualty Insurance4.63%
Insurance Brokers3.45%
Life and Health Insurance1.23%
General Insurance0%0
Reinsurance0%0
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 Life and Health Insurance industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 9.6x.
Forecasted Growth
  • Analysts are most optimistic on the Life and Health Insurance industry, expecting annual earnings growth of 9.4% over the next 5 years.
  • This is better than its past earnings growth rate of 6.7% 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
IFC Intact FinancialCA$304.906.0%
+CA$3.1b		33.9%PE24.6x
FFH Fairfax Financial HoldingsCA$2.28k2.9%
+CA$1.4b		47.1%PE8.7x
GWO Great-West LifecoCA$51.731.8%
+CA$856.3m		20.2%PE12.5x
SLF Sun Life FinancialCA$88.351.5%
+CA$760.5m		26.4%PE15.9x
DFY Definity FinancialCA$68.677.8%
+CA$566.7m		56.5%PE18.8x
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MFC

CA$44.27

Manulife Financial

7D

-0.02%

1Y

23.0%

POW

CA$50.86

Power Corporation of Canada

7D

0.7%

1Y

29.8%

ELF

CA$1,614.00

E-L Financial

7D

9.9%

1Y

46.7%

DFY

CA$68.67

Definity Financial

7D

7.8%

1Y

56.5%

GWO

CA$51.73

Great-West Lifeco

7D

1.8%

1Y

20.2%

IAG

CA$141.99

iA Financial

7D

3.2%

1Y

53.6%

IFC

CA$304.90

Intact Financial

7D

6.0%

1Y

33.9%

SLF

CA$88.35

Sun Life Financial

7D

1.5%

1Y

26.4%

FFH

CA$2,279.28

Fairfax Financial Holdings

7D

2.9%

1Y

47.1%

TSU

CA$37.84

Trisura Group

7D

-0.2%

1Y

-10.1%