French (CAC) Insurance Industry Analysis

Industry Valuation and Performance

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

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Thu, 25 Jun 2026	€95.8b	€112.0b	€8.4b	12.1x	11.5x	0.9x
Sat, 23 May 2026	€90.8b	€112.0b	€8.4b	11.5x	10.9x	0.8x
Mon, 20 Apr 2026	€96.1b	€112.3b	€8.3b	12x	11.5x	0.9x
Wed, 18 Mar 2026	€86.5b	€101.7b	€10.7b	10x	8.1x	0.9x
Fri, 13 Feb 2026	€83.6b	€111.3b	€8.2b	10.7x	10.2x	0.8x
Sun, 11 Jan 2026	€89.0b	€111.3b	€8.2b	11.4x	10.8x	0.8x
Tue, 09 Dec 2025	€86.4b	€111.3b	€8.2b	11.1x	10.5x	0.8x
Thu, 06 Nov 2025	€86.5b	€111.3b	€8.2b	11.1x	10.5x	0.8x
Sat, 04 Oct 2025	€92.2b	€111.3b	€7.9b	11.8x	11.6x	0.8x
Mon, 01 Sep 2025	€90.6b	€111.3b	€7.9b	10.8x	11.4x	0.8x
Wed, 30 Jul 2025	€100.3b	€109.5b	€7.4b	60.9x	13.6x	0.9x
Fri, 27 Jun 2025	€98.0b	€109.5b	€7.4b	61.1x	13.3x	0.9x
Sun, 25 May 2025	€96.8b	€109.5b	€7.4b	55.9x	13.1x	0.9x
Tue, 22 Apr 2025	€93.2b	€109.6b	€7.4b	570.2x	12.6x	0.8x
Thu, 20 Mar 2025	€92.4b	€96.7b	€8.0b	617.6x	11.6x	1x
Sat, 15 Feb 2025	€86.9b	€108.1b	€7.4b	11.1x	11.8x	0.8x
Mon, 13 Jan 2025	€78.6b	€108.1b	€7.4b	10x	10.7x	0.7x
Wed, 11 Dec 2024	€77.8b	€108.1b	€7.4b	9.9x	10.6x	0.7x
Fri, 08 Nov 2024	€78.0b	€109.0b	€7.6b	10x	10.2x	0.7x
Sun, 06 Oct 2024	€78.6b	€109.0b	€7.6b	10.1x	10.3x	0.7x
Tue, 03 Sep 2024	€78.9b	€109.0b	€7.6b	10.2x	10.3x	0.7x
Thu, 01 Aug 2024	€77.4b	€105.2b	€7.4b	10.2x	10.4x	0.7x
Sat, 29 Jun 2024	€73.7b	€105.3b	€7.9b	7.8x	9.3x	0.7x
Mon, 27 May 2024	€81.1b	€105.3b	€7.9b	8.6x	10.2x	0.8x
Wed, 24 Apr 2024	€84.7b	€105.2b	€8.1b	9.1x	10.5x	0.8x
Fri, 22 Mar 2024	€83.9b	€102.3b	€8.1b	8.8x	10.4x	0.8x
Sun, 18 Feb 2024	€75.2b	€124.0b	€8.1b	6.5x	9.2x	0.6x
Tue, 16 Jan 2024	€85.6b	€170.1b	€9.7b	7.8x	8.8x	0.5x
Thu, 14 Dec 2023	€86.2b	€170.1b	€9.7b	7.4x	8.9x	0.5x
Sat, 11 Nov 2023	€81.6b	€169.6b	€8.8b	9.2x	9.3x	0.5x
Mon, 09 Oct 2023	€82.6b	€169.6b	€8.8b	9.2x	9.4x	0.5x
Wed, 06 Sep 2023	€82.2b	€169.6b	€8.8b	9.2x	9.3x	0.5x
Fri, 04 Aug 2023	€80.7b	€184.6b	€8.8b	9.1x	9.2x	0.4x
Sun, 02 Jul 2023	€85.1b	€171.2b	€8.4b	9.4x	10.1x	0.5x

Current Industry PE

Investors are relatively neutral on the French 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 10.6x.

The industry is trading close to its 3-year average PS ratio of 0.73x.

Past Earnings Growth

The earnings for companies in the Insurance industry have remained mostly flat over the last three years.
Meanwhile revenues for these companies have declined 13% per year.
This means that the cost of doing business could be reducing since sales have declined but profits have remained steady.

Industry Trends

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


FR Market	-2.03%
Financials	0.59%
Insurance	0.73%
General Insurance	0.87%
Life and Health Insurance	0%	0
Reinsurance	-0.44%
Property and Casualty Insurance	-1.53%

Industry PE

Investors are most optimistic about the General Insurance industry which is trading above its 3-year average PE ratio of 10.7x.

Analysts are expecting annual earnings growth of 6.7%, which is higher than its past year's earnings growth of 2.0% per year.

Investors are most pessimistic about the Reinsurance industry, which is trading below its 3-year average of 120x.

Forecasted Growth

Analysts are most optimistic on the General Insurance industry, expecting annual earnings growth of 6.7% over the next 5 years.
This is better than its past earnings growth rate of 2.0% per year.

In contrast, the Reinsurance industry is expected to see its earnings decline by 3.5% per year over the next few years.

	Company	Last Price	7D	1Y	Valuation
	CS AXA	€42.80	0.6% +€555.0m	2.5%	PE12.1x

Company

Last Price

Valuation

CS AXA

€42.80

0.6%
+€555.0m

2.5%

PE12.1x

COFACE SA Announces Board Changes, Effective May 19, 2026

COFACE SA announced that the Combined General Meeting held on May 19, 2026 appointed Mrs. Anne-Sophie Chauveau-Galas as a director on the Board of Directors for a term of four years, in accordance with the provisions of Article 12 of the Bylaws. Her term will expire at the end of the General Meeting convened to approve the financial statements for the fiscal year ending December 31, 2029. The Board of Directors has determined that Mrs. Anne-Sophie Chauveau-Galas meets the independence criteria as defined in the AFEP-MEDEF Code. This appointment follows the expiry of Mrs. Sharon MacBeath’s term and becomes effective upon the end of the General Meeting held on May 19, 2026. The composition of the Board of Directors of COFACE SA remains unchanged, comprising 10 members (5 women and 5 men), with a majority serving as independent directors (6). Anne-Sophie Chauveau-Galas, born May 28, 1975, French nationality, joined Société Générale Group since 2023 as Chief Human Resources Officer. Anne-Sophie Chauveau-Galas started her career in 1998 with Alcatel and then BSN (Danone) in the field of Human Resources. Since 2001, Anne-Sophie has held various operational HR positions before becoming Talent Management Director in 2005 for the Alstom Power sector. She joined the HR department of the Transport sector in 2009 and subsequently became Vice President HR Europe and Social Relations of the ALSTOM Group in 2015. Anne-Sophie Chauveau-Galas was previously Chief Human Resources Officer and member of the ALSTOM Group Executive Committee from May 2019. She has accompanied the transformation of the company since 2019, notably with the merger and integration of Bombardier Transportation. Anne-Sophie holds a Master’s degree in Management from EDHEC Business School.

French (CAC) Insurance Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

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Less than half of directors are independent