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German (DAX) Insurance Industry Analysis
UpdatedNov 23, 2024
DataAggregated Company Financials
Companies8
- 7D1.8%
- 3M3.1%
- 1Y22.6%
- YTD20.8%
In the last week, the Insurance industry is up 1.8%, with Münchener Rückversicherungs-Gesellschaft in München up 2.9%. Meanwhile, NÜRNBERGER Beteiligungs-AG actually underperformed within the industry, shrinking 5.6% in the last week. This takes the industry's 12 month performance to a gain of 23%. Looking forward, earnings are forecast to grow by 5.2% annually.
Industry Valuation and Performance
Has the German Insurance Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 24 Nov 2024 | €228.8b | €246.3b | €19.4b | 12.9x | 11.8x | 0.9x |
| Tue, 22 Oct 2024 | €232.8b | €248.9b | €18.8b | 13.9x | 12.4x | 0.9x |
| Thu, 19 Sep 2024 | €226.8b | €248.9b | €18.8b | 14.2x | 12x | 0.9x |
| Sat, 17 Aug 2024 | €215.8b | €249.0b | €19.0b | 13x | 11.4x | 0.9x |
| Mon, 15 Jul 2024 | €214.9b | €240.5b | €18.1b | 13.4x | 11.9x | 0.9x |
| Wed, 12 Jun 2024 | €210.3b | €240.5b | €18.1b | 13x | 11.6x | 0.9x |
| Fri, 10 May 2024 | €209.8b | €238.8b | €17.5b | 13.4x | 12x | 0.9x |
| Sun, 07 Apr 2024 | €211.6b | €247.7b | €16.6b | 12.4x | 12.7x | 0.9x |
| Tue, 05 Mar 2024 | €204.6b | €262.7b | €14.7b | 11.7x | 13.9x | 0.8x |
| Thu, 01 Feb 2024 | €195.9b | €267.4b | €14.6b | 11.8x | 13.5x | 0.7x |
| Sat, 30 Dec 2023 | €190.5b | €267.4b | €14.6b | 11.5x | 13.1x | 0.7x |
| Mon, 27 Nov 2023 | €189.3b | €267.2b | €14.5b | 11.1x | 13x | 0.7x |
| Wed, 25 Oct 2023 | €178.6b | €279.8b | €14.6b | 11.7x | 12.3x | 0.6x |
| Fri, 22 Sep 2023 | €186.4b | €290.7b | €14.6b | 11.5x | 12.8x | 0.6x |
| Sun, 20 Aug 2023 | €177.6b | €290.1b | €14.5b | 12.3x | 12.2x | 0.6x |
| Tue, 18 Jul 2023 | €168.9b | €272.3b | €14.7b | 12.3x | 11.5x | 0.6x |
| Thu, 15 Jun 2023 | €167.9b | €272.3b | €14.7b | 12.9x | 11.4x | 0.6x |
| Sat, 13 May 2023 | €168.2b | €267.4b | €13.0b | 13x | 13x | 0.6x |
| Mon, 10 Apr 2023 | €168.1b | €267.4b | €13.0b | 13.2x | 13x | 0.6x |
| Wed, 08 Mar 2023 | €171.0b | €265.9b | €12.7b | 15.5x | 13.5x | 0.6x |
| Fri, 03 Feb 2023 | €169.6b | €261.0b | €9.8b | 18.8x | 17.3x | 0.6x |
| Sun, 01 Jan 2023 | €159.1b | €261.0b | €9.8b | 18.2x | 16.2x | 0.6x |
| Tue, 29 Nov 2022 | €158.0b | €258.7b | €9.8b | 18x | 16.2x | 0.6x |
| Thu, 27 Oct 2022 | €140.6b | €255.3b | €9.2b | 17.1x | 15.3x | 0.6x |
| Sat, 24 Sep 2022 | €133.3b | €255.3b | €9.2b | 16.1x | 14.5x | 0.5x |
| Mon, 22 Aug 2022 | €132.9b | €257.9b | €9.2b | 14x | 14.4x | 0.5x |
| Wed, 20 Jul 2022 | €128.7b | €261.0b | €10.1b | 13.9x | 12.8x | 0.5x |
| Fri, 17 Jun 2022 | €134.5b | €261.0b | €10.1b | 14.2x | 13.4x | 0.5x |
| Sun, 15 May 2022 | €143.2b | €263.7b | €12.1b | 11.9x | 11.8x | 0.5x |
| Tue, 12 Apr 2022 | €154.8b | €262.1b | €12.2b | 12.2x | 12.7x | 0.6x |
| Thu, 10 Mar 2022 | €146.8b | €259.5b | €11.8b | 12.2x | 12.4x | 0.6x |
| Sat, 05 Feb 2022 | €161.7b | €264.4b | €13.3b | 12x | 12.2x | 0.6x |
| Mon, 03 Jan 2022 | €155.1b | €264.4b | €13.3b | 12.3x | 11.7x | 0.6x |
| Wed, 01 Dec 2021 | €143.4b | €263.3b | €13.2b | 11.4x | 10.8x | 0.5x |
Price to Earnings Ratio
10.8x
Current Industry PE
- Investors are relatively neutral on the German Insurance industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 13.0x.
- The industry is trading close to its 3-year average PS ratio of 0.67x.
Past Earnings Growth
- The earnings for companies in the Insurance industry have grown 14% per year over the last three years.
- Meanwhile revenues for these companies have declined 2.2% per year.
- This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.
Industry Trends
Which industries have driven the changes within the German Financials industry?
| DE Market | -0.022% | |
| Financials | 0.93% | |
| Insurance | 1.78% | |
| Reinsurance | 2.77% | |
| General Insurance | 1.13% | |
| Insurance Brokers | 0% | |
| Property and Casualty Insurance | 0% | |
| Life and Health Insurance | -1.18% | |
Industry PE
- Investors are most optimistic about the Life and Health Insurance industry which is trading above its 3-year average PE ratio of 4.5x.
- Analysts are expecting annual earnings growth of 34.6%, which is higher than its past year's earnings decline of 72.8% per year.
- Investors are most pessimistic about the General Insurance industry, which is trading close to its 3-year average of 12.7x.
Forecasted Growth
- Analysts are most optimistic on the Life and Health Insurance industry, expecting annual earnings growth of 35% over the next 5 years.
- This is better than its past earnings decline of 73% per year.
- In contrast, the Reinsurance industry is expected to see its earnings grow by 3.8% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| MUV2 Münchener Rückversicherungs-Gesellschaft in München | €485.90 | 2.9% +€1.8b | 24.7% | PE11.2x | |
| ALV Allianz | €291.40 | 1.2% +€1.4b | 25.2% | PE11.9x | |
| HNR1 Hannover Rück | €247.10 | 2.4% +€711.5m | 13.9% | PE13.2x | |
| TLX Talanx | €79.75 | 0.9% +€180.5m | 21.2% | PE10.9x | |
| DFV DFV Deutsche Familienversicherung | €6.60 | 0.8% +€729.4k | 2.2% | PE22.3x |