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German (DAX) Insurance Industry Analysis

UpdatedMar 25, 2024
DataAggregated Company Financials
Companies8
  • 7D0.9%
  • 3M12.6%
  • 1Y36.6%
  • YTD12.5%

The Insurance industry has stayed flat over the last week. As for the the longer term, the industry is up 38% over the past 12 months. Looking forward, earnings are forecast to grow by 6.6% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 25 Mar 2024€216.0b€247.6b€16.7b11.8x13x0.9x
Wed, 21 Feb 2024€200.2b€267.4b€14.6b11.2x13.8x0.7x
Fri, 19 Jan 2024€195.6b€267.4b€14.6b11.7x13.4x0.7x
Sun, 17 Dec 2023€190.2b€267.4b€14.6b11.4x13.1x0.7x
Tue, 14 Nov 2023€180.5b€267.5b€14.5b12.1x12.4x0.7x
Thu, 12 Oct 2023€184.1b€279.8b€14.6b11.8x12.6x0.7x
Sat, 09 Sep 2023€181.2b€290.1b€14.5b13x12.5x0.6x
Mon, 07 Aug 2023€172.4b€272.3b€14.7b12.5x11.7x0.6x
Wed, 05 Jul 2023€170.7b€272.3b€14.7b12.5x11.6x0.6x
Fri, 02 Jun 2023€168.9b€272.2b€14.7b13x11.5x0.6x
Sun, 30 Apr 2023€175.8b€267.4b€13.0b13.7x13.6x0.7x
Tue, 28 Mar 2023€160.7b€268.0b€13.0b12.7x12.4x0.6x
Thu, 23 Feb 2023€168.3b€266.7b€12.2b16.9x13.8x0.6x
Sat, 21 Jan 2023€171.8b€261.0b€9.8b19.2x17.5x0.7x
Mon, 19 Dec 2022€156.2b€261.0b€9.8b17.9x15.9x0.6x
Wed, 16 Nov 2022€154.5b€258.0b€9.4b18.5x16.5x0.6x
Fri, 14 Oct 2022€130.8b€255.3b€9.2b15.9x14.2x0.5x
Sun, 11 Sep 2022€134.8b€258.0b€9.2b14.9x14.6x0.5x
Tue, 09 Aug 2022€133.0b€256.9b€9.5b13.8x13.9x0.5x
Thu, 07 Jul 2022€129.5b€261.0b€10.1b13.7x12.9x0.5x
Sat, 04 Jun 2022€140.7b€261.0b€10.1b14.4x14x0.5x
Mon, 02 May 2022€150.6b€262.1b€12.2b12.1x12.4x0.6x
Wed, 30 Mar 2022€155.6b€262.1b€12.1b12.2x12.9x0.6x
Fri, 25 Feb 2022€148.0b€263.5b€11.2b12.4x13.2x0.6x
Sun, 23 Jan 2022€161.7b€264.4b€13.3b11.9x12.2x0.6x
Tue, 21 Dec 2021€149.4b€264.4b€13.3b11.6x11.2x0.6x
Thu, 18 Nov 2021€151.8b€262.8b€13.3b11.7x11.4x0.6x
Sat, 16 Oct 2021€145.4b€260.6b€13.2b11.1x11x0.6x
Mon, 13 Sep 2021€146.5b€259.9b€13.2b11x11.1x0.6x
Wed, 11 Aug 2021€148.3b€258.9b€13.2b10.7x11.2x0.6x
Sun, 06 Jun 2021€150.8b€260.0b€11.5b11.4x13.1x0.6x
Price to Earnings Ratio

13.6x


Total Market Cap: €157.0bTotal Earnings: €11.5bTotal Revenue: €260.0bTotal Market Cap vs Earnings and Revenue0%0%0%
German Insurance Industry Price to Earnings3Y Average 13x202220232024
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 0.61x.
Past Earnings Growth
  • The earnings for companies in the Insurance industry have grown 13% 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 German Financials industry?

DE Market1.30%
Financials1.46%
Insurance0.88%
General Insurance2.29%
Life and Health Insurance0.91%
Insurance Brokers0%
Property and Casualty Insurance0%
Reinsurance-1.04%
Industry PE
  • Investors are most optimistic about the Reinsurance industry even though it's trading below its 3-year average PE ratio of 15.8x.
    • Analysts are expecting annual earnings growth of 6.9%, which is lower than the prior year's growth of 60.2% 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 6.3% 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€271.852.1%
+€2.2b
32.2%PE12.7x
TLX Talanx€71.653.3%
+€593.5m
69.7%PE11.7x
HNR1 Hannover Rück€247.101.1%
+€325.6m
40.8%PE16.3x
NBG6 NÜRNBERGER Beteiligungs-AG€65.501.6%
+€11.5m
-13.8%PE9.9x
WUW Wüstenrot & Württembergische€13.320.9%
+€11.2m
-18.2%PE6.9x
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