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Indian (NIFTY) Insurance Industry Analysis

UpdatedMar 28, 2024
DataAggregated Company Financials
Companies11
  • 7D2.4%
  • 3M7.4%
  • 1Y55.9%
  • YTD5.4%

The Insurance industry is up 1.9% in the last week, with Life Insurance Corporation of India up 3.0%. In the last 12 months, the industry was up 57%. Earnings are forecast to grow by 14% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 28 Mar 2024₹12.4t₹12.7t₹547.3b42.7x22.6x1x
Sat, 24 Feb 2024₹13.5t₹12.7t₹547.3b46.7x24.6x1.1x
Mon, 22 Jan 2024₹12.3t₹12.4t₹575.7b44x21.3x1x
Wed, 20 Dec 2023₹11.4t₹12.3t₹574.4b41.9x19.8x0.9x
Fri, 17 Nov 2023₹9.7t₹12.5t₹650.6b41.5x14.9x0.8x
Sun, 15 Oct 2023₹9.8t₹12.5t₹651.9b42.9x15x0.8x
Tue, 12 Sep 2023₹10.3t₹12.5t₹651.5b46.9x15.9x0.8x
Thu, 10 Aug 2023₹9.9t₹12.2t₹604.8b46.4x16.4x0.8x
Sat, 08 Jul 2023₹9.6t₹11.6t₹593.5b47.3x16.2x0.8x
Mon, 05 Jun 2023₹8.9t₹11.6t₹593.5b42.8x15x0.8x
Wed, 03 May 2023₹8.2t₹11.5t₹537.3b49.7x15.2x0.7x
Fri, 31 Mar 2023₹7.9t₹11.5t₹534.1b48.1x14.7x0.7x
Sun, 26 Feb 2023₹8.2t₹11.5t₹534.1b53.2x15.4x0.7x
Tue, 24 Jan 2023₹9.5t₹11.2t₹322.1b82x29.6x0.9x
Thu, 22 Dec 2022₹9.4t₹11.0t₹322.5b75x29.2x0.9x
Sat, 19 Nov 2022₹8.8t₹11.0t₹322.9b75.2x27.3x0.8x
Mon, 17 Oct 2022₹8.7t₹10.6t₹242.1b64.2x35.9x0.8x
Wed, 14 Sep 2022₹9.4t₹10.6t₹242.1b72.3x39x0.9x
Fri, 12 Aug 2022₹9.4t₹10.5t₹169.8b67.3x55.4x0.9x
Sun, 10 Jul 2022₹9.3t₹10.9t₹159.8b72.3x58.4x0.9x
Tue, 07 Jun 2022₹10.1t₹10.9t₹159.8b79.4x63.2x0.9x
Thu, 05 May 2022₹5.0t₹3.6t₹61.0b71.7x81.8x1.4x
Sat, 02 Apr 2022₹5.1t₹3.6t₹51.0b81.5x99.7x1.4x
Mon, 28 Feb 2022₹4.9t₹3.6t₹51.0b77.2x95.4x1.3x
Wed, 26 Jan 2022₹5.6t₹3.6t₹69.7b89.8x80.1x1.5x
Fri, 24 Dec 2021₹5.1t₹3.9t₹69.9b91.2x73.6x1.3x
Sun, 21 Nov 2021₹5.1t₹3.9t₹81.6b95.7x62.6x1.3x
Tue, 19 Oct 2021₹5.2t₹3.6t₹73.6b92.6x70.6x1.4x
Thu, 16 Sep 2021₹5.4t₹3.6t₹73.6b92x73.9x1.5x
Sat, 14 Aug 2021₹5.0t₹3.6t₹73.6b88.4x68.2x1.4x
Wed, 09 Jun 2021₹4.7t₹3.6t₹93.0b67x50.7x1.3x
Price to Earnings Ratio

48.1x


Total Market Cap: ₹4.5tTotal Earnings: ₹93.0bTotal Revenue: ₹3.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Insurance Industry Price to Earnings3Y Average 44.5x202220232024
Current Industry PE
  • Investors are pessimistic on the Indian 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 22.6x which is lower than its 3-year average PE of 44.6x.
  • The industry is trading close to its 3-year average PS ratio of 1.0x.
Past Earnings Growth
  • The earnings for companies in the Insurance industry have grown 81% per year over the last three years.
  • Revenues for these companies have grown 52% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

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

IN Market2.49%
Financials2.21%
Insurance2.44%
Life and Health Insurance2.76%
Property and Casualty Insurance1.90%
Reinsurance0.67%
General Insurance0%
Insurance Brokers-0.62%
Industry PE
  • Investors are most optimistic about the Property and Casualty Insurance industry which is trading above its 3-year average PE ratio of 38.0x.
    • Analysts are expecting annual earnings growth of 24.9%, which is lower than the prior year's growth of 83.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the Insurance Brokers industry, expecting annual earnings growth of 55% 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?

CompanyLast Price7D1YValuation
LICI Life Insurance Corporation of India₹892.503.0%
+₹161.9b
67.8%PE15.7x
ICICIPRULI ICICI Prudential Life Insurance₹599.106.9%
+₹55.9b
40.5%PE94.6x
MFSL Max Financial Services₹1.02k7.6%
+₹24.6b
61.9%PE81.2x
SBILIFE SBI Life Insurance₹1.48k1.5%
+₹21.2b
34.7%PE79.7x
NIACL New India Assurance₹231.003.1%
+₹11.5b
136.1%PE40.9x
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Latest News

ICICIGI

₹1,662.65

ICICI Lombard General Insurance

7D

1.4%

1Y

54.9%

NIACL

₹231.00

New India Assurance

7D

3.1%

1Y

136.1%

RELIGARE

₹212.20

Religare Enterprises

7D

-0.4%

1Y

52.2%

ICICIPRULI

₹599.10

ICICI Prudential Life Insurance

7D

6.9%

1Y

40.5%

SBILIFE

₹1,479.55

SBI Life Insurance

7D

1.5%

1Y

34.7%

GICRE

₹331.35

General Insurance Corporation of India

7D

0.7%

1Y

143.2%

LICI

₹892.50

Life Insurance Corporation of India

7D

3.0%

1Y

67.8%

MFSL

₹1,015.80

Max Financial Services

7D

7.6%

1Y

61.9%

STARHEALTH

₹551.55

Star Health and Allied Insurance

7D

2.5%

1Y

4.7%