Header cover image

German (DAX) Insurance Industry Analysis

UpdatedFeb 21, 2024
DataAggregated Company Financials
Companies8
  • 7D0.5%
  • 3M6.7%
  • 1Y21.2%
  • YTD4.4%

The Insurance industry has been flat over the last week, but Talanx has lost 3.4%. The past year has been better, since the industry has gained 21% in that time. Earnings are forecast to grow by 8.5% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 22 Feb 2024€200.2b€267.4b€14.6b11.2x13.8x0.7x
Sat, 20 Jan 2024€196.1b€267.4b€14.6b11.7x13.5x0.7x
Mon, 18 Dec 2023€190.2b€267.4b€14.6b11.4x13.1x0.7x
Wed, 15 Nov 2023€181.8b€267.5b€14.5b12.1x12.5x0.7x
Fri, 13 Oct 2023€184.6b€279.8b€14.6b11.9x12.7x0.7x
Sun, 10 Sep 2023€181.2b€290.1b€14.5b13x12.5x0.6x
Tue, 08 Aug 2023€173.1b€272.3b€14.7b12.5x11.8x0.6x
Thu, 06 Jul 2023€167.8b€272.3b€14.7b12.5x11.4x0.6x
Sat, 03 Jun 2023€171.8b€272.3b€14.7b12.9x11.7x0.6x
Mon, 01 May 2023€175.8b€267.4b€13.0b13.7x13.6x0.7x
Wed, 29 Mar 2023€161.2b€268.0b€13.0b12.6x12.4x0.6x
Fri, 24 Feb 2023€167.8b€266.7b€12.2b16.8x13.8x0.6x
Sun, 22 Jan 2023€171.8b€261.0b€9.8b19.2x17.5x0.7x
Tue, 20 Dec 2022€157.4b€261.0b€9.8b18x16.1x0.6x
Thu, 17 Nov 2022€155.6b€257.9b€9.4b18.6x16.5x0.6x
Sat, 15 Oct 2022€132.0b€255.3b€9.2b16.1x14.4x0.5x
Mon, 12 Sep 2022€134.8b€258.0b€9.2b14.9x14.6x0.5x
Wed, 10 Aug 2022€134.1b€256.9b€9.5b13.9x14.1x0.5x
Fri, 08 Jul 2022€132.2b€261.0b€10.1b13.9x13.2x0.5x
Sun, 05 Jun 2022€140.7b€261.0b€10.1b14.4x14x0.5x
Tue, 03 May 2022€149.1b€262.1b€12.2b12.1x12.3x0.6x
Thu, 31 Mar 2022€154.0b€262.1b€12.1b12.2x12.7x0.6x
Sat, 26 Feb 2022€148.0b€263.5b€11.2b12.4x13.2x0.6x
Mon, 24 Jan 2022€161.7b€264.4b€13.3b11.9x12.2x0.6x
Wed, 22 Dec 2021€150.3b€264.4b€13.3b11.8x11.3x0.6x
Fri, 19 Nov 2021€151.0b€262.8b€13.3b11.6x11.4x0.6x
Sun, 17 Oct 2021€146.7b€260.6b€13.2b11.1x11.1x0.6x
Tue, 14 Sep 2021€145.5b€259.9b€13.2b10.9x11x0.6x
Thu, 12 Aug 2021€149.4b€258.9b€13.2b10.9x11.3x0.6x
Mon, 07 Jun 2021€150.8b€260.0b€11.5b11.4x13.1x0.6x
Sun, 28 Feb 2021€144.8b€250.7b€9.9b12.1x14.7x0.6x
Price to Earnings Ratio

14.7x


Total Market Cap: €144.8bTotal Earnings: €9.9bTotal Revenue: €250.7bTotal Market Cap vs Earnings and Revenue0%0%0%
German Insurance Industry Price to Earnings3Y Average 13.1x202220232024
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 13.1x.
  • The industry is trading close to its 3-year average PS ratio of 0.60x.
Past Earnings Growth
  • The earnings for companies in the Insurance industry have grown 14% per year over the last three years.
  • Revenues for these companies have grown 2.2% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

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

DE Market0.75%
Financials0.67%
Insurance0.52%
General Insurance0.74%
Life and Health Insurance0.60%
Reinsurance0.21%
Insurance Brokers0%
Property and Casualty Insurance0%
Industry PE
  • Investors are most optimistic about the Reinsurance industry which is trading above its 3-year average PE ratio of 16.0x.
    • Analysts are expecting annual earnings growth of 11.1%, which is higher than its past year's earnings decline of 14.9% per year.
  • 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 5.7x.
Forecasted Growth
  • Analysts are most optimistic on the Life and Health Insurance industry, expecting annual earnings growth of 13% over the next 5 years.
  • This is better than its past earnings decline of 38% per year.
  • In contrast, the General Insurance industry is expected to see its earnings grow by 6.6% 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
ALV Allianz€250.702.5%
+€2.4b
15.5%PE11.9x
MUV2 Münchener Rückversicherungs-Gesellschaft in München€413.100.8%
+€433.0m
27.4%PE19.5x
WUW Wüstenrot & Württembergische€13.320.9%
+€11.2m
-21.3%PE6.9x
RLV RheinLand Holding€35.807.2%
+€9.2m
-13.5%PE11.8x
DFV DFV Deutsche Familienversicherung€6.261.3%
+€1.2m
-33.8%PS0.8x
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.