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U.K. (FTSE) Insurance Industry Analysis

UpdatedMar 18, 2024
DataAggregated Company Financials
Companies18
  • 7D1.5%
  • 3M2.7%
  • 1Y0.7%
  • YTD2.4%

In the last week, the Insurance industry is up 1.5%, with Aviva up 3.8%. In the same time, Direct Line Insurance Group was down 6.4%. Overall in the last year, the industry is flat. As for the next few years, earnings are expected to grow by 11% per annum.

Industry Valuation and Performance

Has the U.K. Insurance Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 18 Mar 2024UK£36.7bUK£40.7bUK£2.8b9x13x0.9x
Wed, 14 Feb 2024UK£20.2bUK£13.5bUK£368.8m20.7x54.8x1.5x
Fri, 12 Jan 2024UK£20.0bUK£13.3bUK£392.0m21x51x1.5x
Sun, 10 Dec 2023UK£21.3bUK£13.4bUK£395.5m22.8x53.9x1.6x
Tue, 07 Nov 2023UK£19.4bUK£13.5bUK£398.2m20.2x48.7x1.4x
Thu, 05 Oct 2023UK£19.3bUK£13.6bUK£403.5m18.9x47.8x1.4x
Sat, 02 Sep 2023UK£19.8bUK£12.6bUK£250.6m18.4x78.9x1.6x
Mon, 31 Jul 2023UK£19.2bUK£11.8b-UK£11,258,397.0031.6x-1707.7x1.6x
Wed, 28 Jun 2023UK£18.8bUK£11.7bUK£128.8m30.4x146x1.6x
Fri, 26 May 2023UK£20.0bUK£11.9bUK£132.9m30.6x150.7x1.7x
Sun, 23 Apr 2023UK£19.9bUK£11.8bUK£133.2m30x149.1x1.7x
Tue, 21 Mar 2023UK£17.7bUK£11.8bUK£114.4m26.3x154.6x1.5x
Thu, 16 Feb 2023UK£68.8bUK£17.7bUK£794.5m16.9x86.6x3.9x
Sat, 14 Jan 2023UK£68.9bUK£17.5bUK£753.5m16.3x91.5x3.9x
Mon, 12 Dec 2022UK£62.7bUK£17.4bUK£744.3m16.3x84.2x3.6x
Wed, 09 Nov 2022UK£56.0bUK£17.9bUK£829.3m14.6x67.5x3.1x
Fri, 07 Oct 2022UK£55.1bUK£18.1bUK£856.9m15.3x64.3x3x
Sun, 04 Sep 2022UK£56.6bUK£18.0bUK£976.4m16.7x58x3.2x
Tue, 02 Aug 2022UK£78.3bUK£87.0bUK£4.2b16.2x18.7x0.9x
Thu, 30 Jun 2022UK£80.8bUK£87.1bUK£4.4b15.5x18.6x0.9x
Sat, 28 May 2022UK£83.1bUK£86.1bUK£4.4b16.3x19x1x
Mon, 25 Apr 2022UK£87.3bUK£85.6bUK£4.3b17x20.1x1x
Wed, 23 Mar 2022UK£91.7bUK£84.9bUK£4.3b16.3x21.3x1.1x
Fri, 18 Feb 2022UK£95.2bUK£127.7bUK£5.8b13.4x16.3x0.7x
Sun, 16 Jan 2022UK£101.1bUK£127.3bUK£5.8b14.2x17.5x0.8x
Tue, 14 Dec 2021UK£95.9bUK£128.8bUK£5.9b13.7x16.4x0.7x
Thu, 11 Nov 2021UK£103.1bUK£127.9bUK£5.8b13.9x17.7x0.8x
Sat, 09 Oct 2021UK£103.0bUK£127.4bUK£5.8b14x17.8x0.8x
Mon, 06 Sep 2021UK£105.5bUK£126.8bUK£5.7b15.8x18.4x0.8x
Wed, 04 Aug 2021UK£100.0bUK£126.8bUK£5.7b16x17.5x0.8x
Sat, 08 May 2021UK£102.8bUK£131.5bUK£6.0b17.3x17.1x0.8x
Price to Earnings Ratio

17.3x


Total Market Cap: UK£104.1bTotal Earnings: UK£6.0bTotal Revenue: UK£131.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Insurance Industry Price to Earnings3Y Average 33.8x202220232024
Current Industry PE
  • Investors are pessimistic on the British 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 13.0x which is lower than its 3-year average PE of 33.8x.
  • The 3-year average PS ratio of 1.8x is higher than the industry's current PS ratio of 0.90x.
Past Earnings Growth
  • The earnings for companies in the Insurance industry have declined 22% per year over the last three years,
  • Revenues have also declined 32% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the U.K. Financials industry?

GB Market0.65%
Financials1.34%
Insurance1.46%
General Insurance3.82%
Life and Health Insurance1.48%
Property and Casualty Insurance0.17%
Insurance Brokers0%
Reinsurance-2.40%
Industry PE
  • Investors are most optimistic about the General Insurance industry which is trading above its 3-year average PE ratio of 7.7x.
    • Analysts are expecting annual earnings growth of 9.2% and investors are willing to pay a premium for that growth.
Forecasted Growth
  • Analysts are most optimistic on the Life and Health Insurance industry, expecting annual earnings growth of 15% over the next 5 years.
  • However this is lower than its past earnings growth rate of 40% per year.
  • In contrast, the Reinsurance industry is expected to see its earnings grow by 5.4% 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
AV. AvivaUK£4.823.8%
+UK£461.1m
17.2%PE12.7x
PRU PrudentialUK£7.961.0%
+UK£213.5m
-21.4%PE8x
ADM Admiral GroupUK£27.341.3%
+UK£107.2m
41.1%PE24.1x
HSX HiscoxUK£12.192.2%
+UK£84.9m
15.2%PE7.6x
BEZ BeazleyUK£6.571.7%
+UK£65.0m
24.0%PE5.4x
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Latest News

LRE

UK£6.16

Lancashire Holdings

7D

-2.9%

1Y

16.6%

ADM

UK£27.34

Admiral Group

7D

1.3%

1Y

41.1%

DLG

UK£2.08

Direct Line Insurance Group

7D

-6.4%

1Y

37.8%

LGEN

UK£2.44

Legal & General Group

7D

-1.1%

1Y

5.8%

CRE

UK£5.15

Conduit Holdings

7D

-0.6%

1Y

9.1%

BEZ

UK£6.57

Beazley

7D

1.7%

1Y

24.0%

SAGA

UK£1.19

Saga

7D

-4.0%

1Y

-2.5%

AV.

UK£4.82

Aviva

7D

3.8%

1Y

17.2%

HUW

UK£1.76

Helios Underwriting

7D

8.3%

1Y

8.3%

JUST

UK£1.01

Just Group

7D

2.4%

1Y

26.1%

HSX

UK£12.19

Hiscox

7D

2.2%

1Y

15.2%

SBRE

UK£1.58

Sabre Insurance Group

7D

-0.6%

1Y

51.1%

PRU

UK£7.96

Prudential

7D

1.0%

1Y

-21.4%

PHNX

UK£5.04

Phoenix Group Holdings

7D

-0.9%

1Y

-10.0%

RQIH

UK£0.065

R&Q Insurance Holdings

7D

6.7%

1Y

-91.3%

FINS

UK£10.00

Financials Acquisition

7D

-3.8%

1Y

0%