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Canadian (TSX) Insurance Industry Analysis

UpdatedJun 08, 2026
DataAggregated Company Financials
Companies12
  • 7D3.5%
  • 3M16.4%
  • 1Y19.6%
  • YTD6.7%

All of the companies in the Insurance industry have been up over the last week, with the industry up 3.5%. This means that the industry has gained 20% over the past year. As for the next few years, earnings are expected to grow by 4.7% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 08 Jun 2026CA$406.0bCA$245.9bCA$28.6b16.4x14.2x1.7x
Wed, 06 May 2026CA$385.1bCA$241.1bCA$27.8b15.5x13.8x1.6x
Fri, 03 Apr 2026CA$360.2bCA$243.3bCA$28.3b14.1x12.7x1.5x
Sun, 01 Mar 2026CA$361.1bCA$242.6bCA$28.7b14.3x12.6x1.5x
Tue, 27 Jan 2026CA$366.0bCA$241.6bCA$28.1b14.9x13x1.5x
Thu, 25 Dec 2025CA$381.4bCA$241.4bCA$28.1b15.4x13.6x1.6x
Sat, 22 Nov 2025CA$362.7bCA$243.1bCA$28.3b14.9x12.8x1.5x
Mon, 20 Oct 2025CA$343.4bCA$242.6bCA$26.8b14.3x12.8x1.4x
Wed, 17 Sep 2025CA$347.9bCA$241.5bCA$26.7b13.8x13x1.4x
Fri, 15 Aug 2025CA$332.8bCA$241.8bCA$26.7b13.5x12.5x1.4x
Sun, 13 Jul 2025CA$340.9bCA$235.5bCA$24.8b15x13.8x1.4x
Tue, 10 Jun 2025CA$342.3bCA$235.5bCA$24.8b15.3x13.8x1.5x
Thu, 08 May 2025CA$332.6bCA$235.1bCA$25.9b14x12.8x1.4x
Sat, 05 Apr 2025CA$330.4bCA$234.6bCA$25.9b13.1x12.8x1.4x
Mon, 03 Mar 2025CA$328.9bCA$234.5bCA$26.3b13.7x12.5x1.4x
Wed, 29 Jan 2025CA$311.4bCA$234.0bCA$26.6b12.5x11.7x1.3x
Fri, 27 Dec 2024CA$316.8bCA$234.1bCA$26.6b12.8x11.9x1.4x
Sun, 24 Nov 2024CA$323.8bCA$232.5bCA$26.4b12.8x12.3x1.4x
Tue, 22 Oct 2024CA$303.7bCA$225.0bCA$24.6b14.7x12.3x1.3x
Thu, 19 Sep 2024CA$287.5bCA$224.3bCA$24.5b13.6x11.7x1.3x
Sat, 17 Aug 2024CA$271.4bCA$224.4bCA$24.7b12.6x11x1.2x
Mon, 15 Jul 2024CA$266.6bCA$217.8bCA$23.3b11.4x11.4x1.2x
Wed, 12 Jun 2024CA$264.4bCA$218.2bCA$23.3b11.5x11.3x1.2x
Fri, 10 May 2024CA$265.6bCA$216.2bCA$23.0b12.2x11.5x1.2x
Sun, 07 Apr 2024CA$260.3bCA$218.1bCA$23.0b12.4x11.3x1.2x
Tue, 05 Mar 2024CA$261.5bCA$235.9bCA$22.3b13.7x11.7x1.1x
Thu, 01 Feb 2024CA$255.1bCA$229.7bCA$29.2b10.2x8.7x1.1x
Sat, 30 Dec 2023CA$242.1bCA$229.1bCA$29.2b10x8.3x1.1x
Mon, 27 Nov 2023CA$240.1bCA$230.4bCA$29.3b10x8.2x1x
Wed, 25 Oct 2023CA$214.5bCA$231.7bCA$27.2b9.3x7.9x0.9x
Fri, 22 Sep 2023CA$229.4bCA$231.0bCA$27.2b9.3x8.4x1x
Sun, 20 Aug 2023CA$223.7bCA$248.1bCA$27.2b9.4x8.2x0.9x
Tue, 18 Jul 2023CA$223.4bCA$239.2bCA$23.4b10.5x9.5x0.9x
Thu, 15 Jun 2023CA$224.5bCA$239.7bCA$23.4b10.6x9.6x0.9x
Price to Earnings Ratio

9.6x


Total Market Cap: CA$224.5bTotal Earnings: CA$23.4bTotal Revenue: CA$239.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Insurance Industry Price to Earnings3Y Average 11.6x202420252026
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 14.2x which is higher than its 3-year average PE of 11.6x.
  • The 3-year average PS ratio of 1.3x is lower than the industry's current PS ratio of 1.7x.
Past Earnings Growth
  • The earnings for companies in the Insurance industry have grown 6.8% 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 Market-0.64%
Financials2.36%
Insurance3.50%
Insurance Brokers4.76%
Property and Casualty Insurance3.57%
Life and Health Insurance3.47%
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 Property and Casualty Insurance industry, which is trading below its 3-year average of 12.0x.
Forecasted Growth
  • Analysts are most optimistic on the Life and Health Insurance industry, expecting annual earnings growth of 9.1% over the next 5 years.
  • This is better than its past earnings growth rate of 7.0% per year.
  • In contrast, the Property and Casualty Insurance industry is expected to see its earnings decline by 7.0% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
MFC Manulife FinancialCA$54.003.3%
+CA$2.9b		22.0%PE15.2x
GWO Great-West LifecoCA$81.874.0%
+CA$2.9b		58.8%PE17.1x
SLF Sun Life FinancialCA$102.804.6%
+CA$2.5b		15.5%PE18.9x
FFH Fairfax Financial HoldingsCA$2.22k5.2%
+CA$2.5b		-1.9%PE7.8x
IFC Intact FinancialCA$275.923.9%
+CA$1.8b		-10.4%PE14.6x

Latest News

IAG
CA$176.50
iA Financial
7D
3.5%
1Y
25.2%
MFC
CA$54.00
Manulife Financial
7D
3.3%
1Y
22.0%
IFC
CA$275.92
Intact Financial
7D
3.9%
1Y
-10.4%
FFH
CA$2,220.71
Fairfax Financial Holdings
7D
5.2%
1Y
-1.9%
POW
CA$83.97
Power Corporation of Canada
7D
2.0%
1Y
60.6%
SLF
CA$102.80
Sun Life Financial
7D
4.6%
1Y
15.5%
Narrative Update • Jun 05

SLF: U.S. Turnaround And Buybacks Will Shape A Measured 2026 Outlook

Analysts have made a slight downward adjustment to the Sun Life Financial fair value estimate to CA$99.29, reflecting updated price targets that generally trend higher. This shift is supported by recent research citing improving expectations for the business and a modestly higher future P/E assumption.
DFY
CA$68.50
Definity Financial
7D
4.1%
1Y
-6.9%
GWO
CA$81.87
Great-West Lifeco
7D
4.0%
1Y
58.8%
Narrative Update • Jun 02

GWO: AI Deployment And Capital Returns Will Shape Future Repricing Balance

Great-West Lifeco's analyst price target has increased to CA$76.08 from CA$72.92, with analysts citing updated assumptions on fair value and price-to-earnings ratios, along with a series of recent target increases across major Canadian banks and brokers. Analyst Commentary Recent Street research shows a cluster of higher price targets for Great-West Lifeco, with adjustments ranging from C$3 to C$13 across multiple firms.