Why We Think Shareholders May Be Considering Bumping Up General Insurance Corporation of India's (NSE:GICRE) CEO Compensation
Sep 20
Indian (NIFTY) Insurance Industry Analysis
UpdatedSep 20, 2023
DataAggregated Company Financials
Companies11
- 7D2.0%
- 3M7.2%
- 1Y9.3%
- YTD7.3%
Over the last 7 days, the Insurance industry has risen 2.0%, driven by gains from ICICI Prudential Life Insurance of 8.7%. In the last 12 months, the industry was up 9.3%. Earnings are forecast to grow by 7.0% annually.
Industry Valuation and Performance
Has the Indian Insurance Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 20 Sep 2023 | ₹10.3t | ₹12.5t | ₹651.5b | 46x | 15.8x | 0.8x |
| Fri, 18 Aug 2023 | ₹9.9t | ₹12.5t | ₹651.5b | 45.3x | 15.1x | 0.8x |
| Sun, 16 Jul 2023 | ₹9.7t | ₹11.6t | ₹593.5b | 49.4x | 16.4x | 0.8x |
| Tue, 13 Jun 2023 | ₹9.0t | ₹11.6t | ₹593.5b | 41.2x | 15.1x | 0.8x |
| Thu, 11 May 2023 | ₹8.5t | ₹11.5t | ₹537.3b | 52.3x | 15.7x | 0.7x |
| Sat, 08 Apr 2023 | ₹8.1t | ₹11.5t | ₹534.1b | 48.6x | 15.2x | 0.7x |
| Mon, 06 Mar 2023 | ₹8.4t | ₹11.5t | ₹534.1b | 52.8x | 15.8x | 0.7x |
| Wed, 01 Feb 2023 | ₹9.1t | ₹11.2t | ₹322.1b | 78.9x | 28.2x | 0.8x |
| Fri, 30 Dec 2022 | ₹9.3t | ₹11.0t | ₹322.5b | 75.2x | 28.9x | 0.8x |
| Sun, 27 Nov 2022 | ₹8.9t | ₹11.0t | ₹322.5b | 74.9x | 27.6x | 0.8x |
| Tue, 25 Oct 2022 | ₹8.6t | ₹10.7t | ₹243.3b | 67.8x | 35.4x | 0.8x |
| Thu, 22 Sep 2022 | ₹9.3t | ₹10.6t | ₹242.1b | 67.8x | 38.4x | 0.9x |
| Sat, 20 Aug 2022 | ₹9.6t | ₹10.5t | ₹169.8b | 69.8x | 56.6x | 0.9x |
| Mon, 18 Jul 2022 | ₹9.4t | ₹10.9t | ₹159.8b | 72.1x | 58.5x | 0.9x |
| Wed, 15 Jun 2022 | ₹9.2t | ₹10.9t | ₹159.8b | 75.6x | 57.8x | 0.8x |
| Fri, 13 May 2022 | ₹4.9t | ₹3.6t | ₹61.6b | 72.2x | 79.9x | 1.4x |
| Sun, 10 Apr 2022 | ₹5.3t | ₹3.6t | ₹51.0b | 84.9x | 103.4x | 1.4x |
| Tue, 08 Mar 2022 | ₹4.6t | ₹3.6t | ₹51.0b | 75.3x | 91x | 1.3x |
| Thu, 03 Feb 2022 | ₹5.7t | ₹3.6t | ₹68.7b | 89.3x | 83.1x | 1.6x |
| Sat, 01 Jan 2022 | ₹5.3t | ₹3.9t | ₹69.9b | 96.9x | 75.4x | 1.3x |
| Mon, 29 Nov 2021 | ₹4.9t | ₹3.9t | ₹81.6b | 91.4x | 59.6x | 1.3x |
| Wed, 27 Oct 2021 | ₹5.0t | ₹3.7t | ₹75.3b | 91x | 66.9x | 1.3x |
| Fri, 24 Sep 2021 | ₹5.3t | ₹3.6t | ₹73.6b | 94.6x | 72.3x | 1.5x |
| Sun, 22 Aug 2021 | ₹4.9t | ₹3.6t | ₹73.6b | 87.1x | 67x | 1.4x |
| Fri, 09 Jul 2021 | ₹5.0t | ₹3.6t | ₹73.6b | 78.2x | 67.9x | 1.4x |
| Thu, 01 Apr 2021 | ₹4.5t | ₹3.6t | ₹93.0b | 60.5x | 48.1x | 1.2x |
| Sun, 03 Jan 2021 | ₹4.4t | ₹2.9t | ₹91.1b | 62.2x | 47.9x | 1.5x |
| Wed, 07 Oct 2020 | ₹3.7t | ₹2.5t | ₹71.5b | 56.5x | 51.6x | 1.5x |
Price to Earnings Ratio
51.6x
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 15.8x which is lower than its 3-year average PE of 50.0x.
- The 3-year average PS ratio of 1.1x 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 109% per year over the last three years.
- Revenues for these companies have grown 71% 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 Market | 1.30% | |
| Financials | 2.15% | |
| Insurance | 1.98% | |
| Reinsurance | 11.95% | |
| Property and Casualty Insurance | 5.02% | |
| Life and Health Insurance | 1.41% | |
| General Insurance | 0% | |
| Insurance Brokers | -2.01% | |
Industry PE
- Investors are most optimistic about the Property and Casualty Insurance industry even though it's trading below its 3-year average PE ratio of 36.4x.
- Analysts are expecting annual earnings growth of 28.3%, which is lower than the prior year's growth of 223.0% per year.
Forecasted Growth
- Analysts are most optimistic on the Insurance Brokers industry, expecting annual earnings growth of 56% over the next 5 years.
- In contrast, the Reinsurance industry is expected to see its earnings decline by 8.0% per year 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 | |
|---|---|---|---|---|---|
| ICICIPRULI ICICI Prudential Life Insurance | ₹588.20 | 3.8% +₹31.0b | 5.3% | PE98.1x | |
| GICRE General Insurance Corporation of India | ₹229.60 | 8.1% +₹30.1b | 81.5% | PE5.6x | |
| NIACL New India Assurance | ₹145.05 | 13.0% +₹27.5b | 65.7% | PE20.4x | |
| ICICIGI ICICI Lombard General Insurance | ₹1.38k | 1.4% +₹9.5b | 14.6% | PE39.1x | |
| POLICYBZR PB Fintech | ₹765.45 | 1.0% +₹3.3b | 50.1% | PS12.6x |