Analysis Article • Aug 15
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German (DAX) Insurance Industry Analysis
UpdatedAug 18, 2026
DataAggregated Company Financials
Companies9
- 7D0.4%
- 3M10.8%
- 1Y7.1%
- YTD6.3%
Over the last 7 days, the Insurance industry has risen 1.5%, driven by gains from Allianz of 1.1%. In the last 12 months, the industry was up 6.8%. Earnings are forecast to grow by 2.2% 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 |
|---|---|---|---|---|---|---|
| Tue, 18 Aug 2026 | €294.2b | €257.4b | €24.0b | 11.7x | 12.2x | 1.1x |
| Thu, 16 Jul 2026 | €282.4b | €257.5b | €24.3b | 11.2x | 11.6x | 1.1x |
| Sat, 13 Jun 2026 | €260.4b | €257.5b | €24.3b | 12x | 10.7x | 1x |
| Mon, 11 May 2026 | €263.2b | €258.2b | €22.0b | 11.4x | 12x | 1x |
| Wed, 08 Apr 2026 | €272.7b | €257.8b | €21.9b | 12x | 12.4x | 1.1x |
| Fri, 06 Mar 2026 | €262.8b | €252.7b | €21.7b | 11.9x | 12.1x | 1x |
| Sun, 01 Feb 2026 | €266.0b | €248.0b | €21.6b | 11.7x | 12.3x | 1.1x |
| Tue, 30 Dec 2025 | €284.5b | €248.0b | €21.6b | 12.7x | 13.2x | 1.1x |
| Thu, 27 Nov 2025 | €274.6b | €248.0b | €21.6b | 12.4x | 12.7x | 1.1x |
| Sat, 25 Oct 2025 | €266.7b | €256.4b | €20.1b | 12.9x | 13.3x | 1x |
| Mon, 22 Sep 2025 | €260.5b | €256.4b | €20.1b | 13x | 13x | 1x |
| Wed, 20 Aug 2025 | €279.1b | €257.4b | €20.0b | 14x | 14x | 1.1x |
| Fri, 18 Jul 2025 | €269.0b | €251.8b | €18.6b | 15.1x | 14.5x | 1.1x |
| Sun, 15 Jun 2025 | €267.7b | €251.8b | €18.6b | 14.9x | 14.4x | 1.1x |
| Tue, 13 May 2025 | €273.7b | €247.4b | €19.7b | 14.1x | 13.9x | 1.1x |
| Thu, 10 Apr 2025 | €245.5b | €247.4b | €19.7b | 12.3x | 12.4x | 1x |
| Sat, 08 Mar 2025 | €263.8b | €252.3b | €19.7b | 13.2x | 13.4x | 1x |
| Mon, 03 Feb 2025 | €243.9b | €246.3b | €19.4b | 13.1x | 12.6x | 1x |
| Wed, 01 Jan 2025 | €230.6b | €246.3b | €19.4b | 13x | 11.9x | 0.9x |
| Fri, 29 Nov 2024 | €228.3b | €246.3b | €19.4b | 12.6x | 11.8x | 0.9x |
| Sun, 27 Oct 2024 | €225.3b | €248.9b | €18.8b | 13.8x | 12x | 0.9x |
| Tue, 24 Sep 2024 | €229.3b | €249.3b | €18.8b | 13.3x | 12.2x | 0.9x |
| Thu, 22 Aug 2024 | €218.4b | €249.0b | €19.0b | 13x | 11.5x | 0.9x |
| Sat, 20 Jul 2024 | €211.3b | €240.5b | €18.1b | 12.9x | 11.7x | 0.9x |
| Mon, 17 Jun 2024 | €207.5b | €240.5b | €18.1b | 12.8x | 11.4x | 0.9x |
| Wed, 15 May 2024 | €210.4b | €238.9b | €17.5b | 13.7x | 12x | 0.9x |
| Fri, 12 Apr 2024 | €205.6b | €247.6b | €16.6b | 12.1x | 12.4x | 0.8x |
| Sun, 10 Mar 2024 | €209.3b | €262.7b | €14.7b | 11.4x | 14.2x | 0.8x |
| Tue, 06 Feb 2024 | €195.7b | €267.4b | €14.6b | 11.7x | 13.4x | 0.7x |
| Thu, 04 Jan 2024 | €191.7b | €267.4b | €14.6b | 11.5x | 13.2x | 0.7x |
| Sat, 02 Dec 2023 | €191.2b | €267.4b | €14.6b | 11.4x | 13.1x | 0.7x |
| Mon, 30 Oct 2023 | €179.7b | €279.8b | €14.6b | 11.7x | 12.3x | 0.6x |
| Wed, 27 Sep 2023 | €186.0b | €291.3b | €14.6b | 11.3x | 12.8x | 0.6x |
| Fri, 25 Aug 2023 | €178.9b | €290.1b | €14.5b | 12.3x | 12.3x | 0.6x |
Price to Earnings Ratio
12.3x
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 12.7x.
- The 3-year average PS ratio of 0.95x is lower than the industry's current PS ratio of 1.1x.
Past Earnings Growth
- The earnings for companies in the Insurance industry have grown 18% per year over the last three years.
- Meanwhile revenues for these companies have declined 3.9% 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 | -0.0054% | |
| Financials | 0.40% | |
| Insurance | 0.42% | |
| General Insurance | 0.56% | |
| Reinsurance | 0.15% | |
| Insurance Brokers | 0% | 0 |
| Life and Health Insurance | -1.37% | |
Industry PE
- Investors are most optimistic about the General Insurance industry which is trading above its 3-year average PE ratio of 12.5x.
- Analysts are expecting annual earnings growth of 3.8%, which is lower than the prior year's growth of 15.3% per year.
- Investors are most pessimistic about the Reinsurance industry, which is trading below its 3-year average of 13.3x.
Forecasted Growth
- Analysts are most optimistic on the Life and Health Insurance industry, expecting annual earnings growth of 16% over the next 5 years.
- This is better than its past earnings decline of 2.9% per year.
- 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 | |
|---|---|---|---|---|---|
| TLX Talanx | €118.90 | 2.6% +€774.1m | -2.3% | PE11.8x | |
| ALV Allianz | €438.60 | 0.2% +€242.2m | 17.4% | PE14.2x | |
| HNR1 Hannover Rück | €254.00 | 0.6% +€193.0m | 1.0% | PE11.2x |
