Narrative Update • Jun 01
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German (DAX) Insurance Industry Analysis
UpdatedJun 05, 2026
DataAggregated Company Financials
Companies9
- 7D-3.3%
- 3M-2.4%
- 1Y-7.5%
- YTD-9.4%
Over the last 7 days, the Insurance industry has dropped 5.8%, driven by a pullback from Allianz of 2.5%. Meanwhile, Aldea Assekuranzmakler actually outperformed within the industry, gaining 23% in the last week. Overall the industry is down 8.0% in 12 months. As for the next few years, earnings are expected to grow by 2.0% per annum.
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 |
|---|---|---|---|---|---|---|
| Fri, 05 Jun 2026 | €251.7b | €257.5b | €24.3b | 11.4x | 10.4x | 1x |
| Sun, 03 May 2026 | €274.8b | €258.2b | €22.0b | 11.8x | 12.5x | 1.1x |
| Tue, 31 Mar 2026 | €265.4b | €257.5b | €21.9b | 11.6x | 12.1x | 1x |
| Thu, 26 Feb 2026 | €277.0b | €252.0b | €21.2b | 12.1x | 13x | 1.1x |
| Sat, 24 Jan 2026 | €262.0b | €248.0b | €21.6b | 11.4x | 12.1x | 1.1x |
| Mon, 22 Dec 2025 | €283.1b | €248.0b | €21.6b | 12.6x | 13.1x | 1.1x |
| Wed, 19 Nov 2025 | €267.3b | €248.0b | €21.6b | 12.2x | 12.4x | 1.1x |
| Fri, 17 Oct 2025 | €271.2b | €256.4b | €20.1b | 13.1x | 13.5x | 1.1x |
| Sun, 14 Sep 2025 | €264.7b | €256.4b | €20.1b | 13x | 13.2x | 1x |
| Tue, 12 Aug 2025 | €277.1b | €266.9b | €19.4b | 14.7x | 14.3x | 1x |
| Thu, 10 Jul 2025 | €274.7b | €251.8b | €18.6b | 15.3x | 14.8x | 1.1x |
| Sat, 07 Jun 2025 | €277.5b | €250.1b | €18.7b | 15.7x | 14.9x | 1.1x |
| Mon, 05 May 2025 | €280.7b | €247.4b | €19.7b | 14.6x | 14.2x | 1.1x |
| Wed, 02 Apr 2025 | €275.9b | €247.1b | €19.9b | 13.8x | 13.9x | 1.1x |
| Fri, 28 Feb 2025 | €256.0b | €245.7b | €19.4b | 13.3x | 13.2x | 1x |
| Sun, 26 Jan 2025 | €242.1b | €246.3b | €19.4b | 12.9x | 12.5x | 1x |
| Tue, 24 Dec 2024 | €231.5b | €246.3b | €19.4b | 12.6x | 11.9x | 0.9x |
| Thu, 21 Nov 2024 | €223.6b | €246.3b | €19.4b | 12.7x | 11.5x | 0.9x |
| Sat, 19 Oct 2024 | €237.0b | €248.9b | €18.8b | 13.9x | 12.6x | 1x |
| Mon, 16 Sep 2024 | €227.6b | €248.9b | €18.8b | 14.2x | 12.1x | 0.9x |
| Wed, 14 Aug 2024 | €204.8b | €246.8b | €18.9b | 12.4x | 10.8x | 0.8x |
| Fri, 12 Jul 2024 | €213.3b | €240.5b | €18.1b | 13.4x | 11.8x | 0.9x |
| Sun, 09 Jun 2024 | €213.3b | €240.5b | €18.1b | 13.2x | 11.8x | 0.9x |
| Tue, 07 May 2024 | €209.0b | €238.1b | €16.6b | 13.9x | 12.6x | 0.9x |
| Thu, 04 Apr 2024 | €218.4b | €247.2b | €16.6b | 11.9x | 13.1x | 0.9x |
| Sat, 02 Mar 2024 | €203.7b | €262.7b | €14.7b | 11.6x | 13.8x | 0.8x |
| Mon, 29 Jan 2024 | €196.5b | €267.4b | €14.6b | 11.8x | 13.5x | 0.7x |
| Wed, 27 Dec 2023 | €191.9b | €267.4b | €14.6b | 11.5x | 13.2x | 0.7x |
| Fri, 24 Nov 2023 | €189.0b | €267.7b | €14.7b | 11.1x | 12.9x | 0.7x |
| Sun, 22 Oct 2023 | €178.1b | €279.8b | €14.6b | 11.3x | 12.2x | 0.6x |
| Tue, 19 Sep 2023 | €187.7b | €290.7b | €14.6b | 12.9x | 12.9x | 0.6x |
| Thu, 17 Aug 2023 | €178.0b | €287.7b | €14.5b | 12.6x | 12.3x | 0.6x |
| Sat, 15 Jul 2023 | €168.1b | €272.3b | €14.7b | 12.1x | 11.4x | 0.6x |
| Mon, 12 Jun 2023 | €166.1b | €272.3b | €14.7b | 12.9x | 11.3x | 0.6x |
Price to Earnings Ratio
11.3x
Current Industry PE
- Investors are pessimistic on the German Insurance industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 10.3x which is lower than its 3-year average PE of 12.7x.
- The industry is trading close to its 3-year average PS ratio of 0.92x.
Past Earnings Growth
- The earnings for companies in the Insurance industry have grown 18% 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 Market | -0.83% | |
| Financials | -2.57% | |
| Insurance | -3.25% | |
| Insurance Brokers | 0% | 0 |
| General Insurance | -3.04% | |
| Reinsurance | -3.66% | |
| Life and Health Insurance | -3.95% | |
Industry PE
- Investors are most optimistic about the General Insurance industry, which is trading close to its 3-year average PE ratio of 12.3x.
- Analysts are expecting annual earnings growth of 2.5%, which is lower than the prior year's growth of 32.1% per year.
- Investors are most pessimistic about the Reinsurance industry, which is trading below its 3-year average of 13.6x.
Forecasted Growth
- Analysts are most optimistic on the Life and Health Insurance industry, expecting annual earnings growth of 16% over the next 5 years.
- In contrast, the Reinsurance 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| R2E0 Aldea Assekuranzmakler | €0.03 | 23.4% +€79.5k | n/a | n/a |