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Indian (NIFTY) Insurance Industry Analysis

UpdatedNov 29, 2022
DataAggregated Company Financials
Companies10
  • 7D2.8%
  • 3M-6.9%
  • 1Y-16.6%
  • YTD-21.1%

The Insurance industry is up 2.8% in the last week, with HDFC Life Insurance up 8.3%. In the past year, the industry is down 17%. Earnings are forecast to grow by 6.1% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 30 Nov 2022₹9.0t₹11.0t₹322.5b75.8x27.8x0.8x
Fri, 28 Oct 2022₹8.6t₹10.7t₹243.3b68.7x35.5x0.8x
Sun, 25 Sep 2022₹9.1t₹10.6t₹242.1b66.7x37.7x0.9x
Tue, 23 Aug 2022₹9.5t₹10.6t₹242.1b68.5x39.1x0.9x
Thu, 21 Jul 2022₹9.3t₹10.7t₹163.2b68.9x56.7x0.9x
Sat, 18 Jun 2022₹8.9t₹10.9t₹159.8b72.2x55.7x0.8x
Mon, 16 May 2022₹4.8t₹3.6t₹61.6b69.3x78.3x1.4x
Wed, 13 Apr 2022₹5.2t₹3.6t₹51.0b84.1x102.4x1.4x
Fri, 11 Mar 2022₹4.8t₹3.6t₹51.0b76.8x93.7x1.3x
Sun, 06 Feb 2022₹5.6t₹3.6t₹68.7b85.8x81.2x1.5x
Tue, 04 Jan 2022₹5.3t₹3.9t₹69.9b97.9x75.9x1.4x
Thu, 02 Dec 2021₹5.0t₹3.9t₹81.6b94.3x60.8x1.3x
Sat, 30 Oct 2021₹5.0t₹3.8t₹74.8b92.8x66.3x1.3x
Mon, 27 Sep 2021₹5.3t₹3.6t₹73.6b94.9x72.2x1.5x
Wed, 25 Aug 2021₹5.1t₹3.6t₹73.6b89.7x68.6x1.4x
Thu, 01 Jul 2021₹5.0t₹3.6t₹73.6b78.2x67.9x1.4x
Sun, 04 Apr 2021₹4.5t₹3.6t₹93.0b60.5x48.1x1.2x
Wed, 06 Jan 2021₹4.4t₹2.9t₹91.1b62.2x47.9x1.5x
Sat, 10 Oct 2020₹3.7t₹2.5t₹71.5b56.5x51.6x1.5x
Fri, 03 Jul 2020₹3.7t₹2.3t₹59.6b56.6x62.1x1.6x
Mon, 06 Apr 2020₹3.0t₹2.1t₹63.8b46.5x47.1x1.5x
Thu, 09 Jan 2020₹4.3t₹2.5t₹57.6b57.8x74.9x1.7x
Price to Earnings Ratio

68x


Total Market Cap: ₹4.3tTotal Earnings: ₹63.1bTotal Revenue: ₹2.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Insurance Industry Price to Earnings3Y Average 61.9x202020212022
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 27.8x which is lower than its 3-year average PE of 62.2x.
  • The 3-year average PS ratio of 1.4x is higher than the industry's current PS ratio of 0.82x.
Past Earnings Growth
  • The earnings for companies in the Insurance industry have grown 72% per year over the last three years.
  • Revenues for these companies have grown 66% 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 Market1.88%
Financials2.05%
Insurance2.77%
Insurance Brokers9.78%
Reinsurance9.35%
Property and Casualty Insurance4.32%
Life and Health Insurance2.25%
General Insurance0%
Industry PE
  • Investors are most optimistic about the Property and Casualty Insurance industry which is trading above its 3-year average PE ratio of 35.7x.
    • Analysts are expecting annual earnings growth of 44.8%, which is higher than its past year's earnings decline of 32.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Insurance Brokers industry, expecting annual earnings growth of 66% over the next 5 years.
  • In contrast, the Life and Health Insurance 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
540777 HDFC Life Insurance₹584.808.3%
+₹96.4b
-13.7%PE87.8x
LICI Life Insurance Corporation of India₹636.801.8%
+₹69.6b
n/aPE17.9x
540769 New India Assurance₹115.0520.3%
+₹32.1b
-20.5%PE139.7x
540719 SBI Life Insurance₹1.26k2.5%
+₹30.7b
8.4%PE75.1x
POLICYBZR PB Fintech₹460.3514.8%
+₹26.1b
-62.1%PS10.2x
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MFSL

₹694.65

Max Financial Services

7D

7.7%

1Y

-26.1%

540777

₹584.80

HDFC Life Insurance

7D

8.3%

1Y

-13.7%

RELCAPITAL

₹11.15

Reliance Capital

7D

-4.7%

1Y

-38.4%

LICI

₹636.80

Life Insurance Corporation of India

7D

1.8%

1Y

n/a

540769

₹115.05

New India Assurance

7D

20.3%

1Y

-20.5%

POLICYBZR

₹460.35

PB Fintech

7D

14.8%

1Y

-62.1%

540755

₹147.25

General Insurance Corporation of India

7D

7.8%

1Y

4.1%

540719

₹1,258.25

SBI Life Insurance

7D

2.5%

1Y

8.4%

ICICIGI

₹1,175.70

ICICI Lombard General Insurance

7D

4.2%

1Y

-18.2%