Narrative Update • Jul 16
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Indian (NIFTY) Insurance Industry Analysis
UpdatedJul 25, 2026
DataAggregated Company Financials
Companies16
- 7D-1.3%
- 3M0.07%
- 1Y-8.2%
- YTD-8.7%
Over the last 7 days, the Insurance industry has dropped 1.3%, driven by a pullback from Life Insurance Corporation of India of 2.7%. The industry has fallen 8.2% in the last year. Earnings are forecast to grow by 11% 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 |
|---|---|---|---|---|---|---|
| Sat, 25 Jul 2026 | ₹13.1t | ₹15.1t | ₹838.0b | 48.1x | 15.6x | 0.9x |
| Mon, 22 Jun 2026 | ₹13.6t | ₹15.0t | ₹867.3b | 51.9x | 15.7x | 0.9x |
| Wed, 20 May 2026 | ₹13.3t | ₹14.6t | ₹786.7b | 52.8x | 16.8x | 0.9x |
| Fri, 17 Apr 2026 | ₹13.7t | ₹15.0t | ₹780.0b | 59.1x | 17.5x | 0.9x |
| Sun, 15 Mar 2026 | ₹12.9t | ₹15.0t | ₹780.0b | 61.1x | 16.6x | 0.9x |
| Tue, 10 Feb 2026 | ₹14.3t | ₹14.9t | ₹1.0t | 61x | 13.7x | 1x |
| Thu, 08 Jan 2026 | ₹14.4t | ₹14.0t | ₹748.2b | 75.8x | 19.2x | 1x |
| Sat, 06 Dec 2025 | ₹14.4t | ₹14.0t | ₹748.2b | 69.3x | 19.2x | 1x |
| Mon, 03 Nov 2025 | ₹14.3t | ₹13.8t | ₹719.1b | 67.7x | 19.9x | 1x |
| Wed, 01 Oct 2025 | ₹14.0t | ₹14.1t | ₹715.8b | 68.7x | 19.6x | 1x |
| Fri, 29 Aug 2025 | ₹14.0t | ₹14.1t | ₹715.8b | 68.3x | 19.5x | 1x |
| Sun, 27 Jul 2025 | ₹14.0t | ₹13.9t | ₹744.7b | 71.8x | 18.9x | 1x |
| Tue, 24 Jun 2025 | ₹14.5t | ₹13.8t | ₹740.7b | 70.6x | 19.6x | 1x |
| Thu, 22 May 2025 | ₹13.8t | ₹13.7t | ₹679.6b | 71.4x | 20.2x | 1x |
| Sat, 19 Apr 2025 | ₹12.9t | ₹13.9t | ₹678.0b | 66.9x | 19.1x | 0.9x |
| Mon, 17 Mar 2025 | ₹11.6t | ₹14.0t | ₹675.3b | 57.6x | 17.2x | 0.8x |
| Wed, 12 Feb 2025 | ₹12.3t | ₹14.0t | ₹675.3b | 59x | 18.2x | 0.9x |
| Fri, 10 Jan 2025 | ₹13.2t | ₹14.6t | ₹661.0b | 67.5x | 19.9x | 0.9x |
| Sun, 08 Dec 2024 | ₹14.3t | ₹14.6t | ₹661.0b | 66.5x | 21.6x | 1x |
| Tue, 05 Nov 2024 | ₹13.8t | ₹14.3t | ₹643.9b | 58.5x | 21.5x | 1x |
| Thu, 03 Oct 2024 | ₹14.9t | ₹14.0t | ₹637.8b | 71x | 23.4x | 1.1x |
| Sat, 31 Aug 2024 | ₹15.5t | ₹14.0t | ₹637.8b | 70.7x | 24.2x | 1.1x |
| Mon, 29 Jul 2024 | ₹15.8t | ₹13.8t | ₹584.9b | 66.2x | 27x | 1.1x |
| Wed, 26 Jun 2024 | ₹13.6t | ₹13.7t | ₹580.1b | 61.5x | 23.4x | 1x |
| Fri, 24 May 2024 | ₹13.5t | ₹12.8t | ₹518.4b | 59.6x | 26x | 1.1x |
| Sun, 21 Apr 2024 | ₹12.8t | ₹12.8t | ₹548.6b | 42.3x | 23.3x | 1x |
| Tue, 19 Mar 2024 | ₹12.4t | ₹12.7t | ₹547.3b | 42.6x | 22.7x | 1x |
| Thu, 15 Feb 2024 | ₹13.3t | ₹12.7t | ₹547.3b | 44.2x | 24.2x | 1x |
| Sat, 13 Jan 2024 | ₹11.5t | ₹12.3t | ₹574.4b | 41.9x | 20x | 0.9x |
| Mon, 11 Dec 2023 | ₹11.3t | ₹12.3t | ₹574.4b | 42.9x | 19.7x | 0.9x |
| Wed, 08 Nov 2023 | ₹9.7t | ₹12.5t | ₹658.1b | 41.2x | 14.7x | 0.8x |
| Fri, 06 Oct 2023 | ₹10.0t | ₹12.5t | ₹651.9b | 43x | 15.3x | 0.8x |
| Sun, 03 Sep 2023 | ₹10.0t | ₹12.5t | ₹651.5b | 45.8x | 15.3x | 0.8x |
| Tue, 01 Aug 2023 | ₹9.8t | ₹12.2t | ₹601.9b | 45.9x | 16.3x | 0.8x |
Price to Earnings Ratio
16.3x
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 15.6x which is lower than its 3-year average PE of 19.9x.
- The industry is trading close to its 3-year average PS ratio of 0.97x.
Past Earnings Growth
- The earnings for companies in the Insurance industry have grown 12% per year over the last three years.
- Revenues for these companies have grown 7.4% 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 | -1.36% | |
| Financials | -2.76% | |
| Insurance | -1.29% | |
| General Insurance | 0% | 0 |
| Property and Casualty Insurance | -0.12% | |
| Reinsurance | -1.24% | |
| Life and Health Insurance | -1.36% | |
| Insurance Brokers | -2.42% | |
Industry PE
- Investors are most optimistic about the Insurance Brokers industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings growth of 30.2%, which is lower than the prior year's growth of 51.2% per year.
- Investors are most pessimistic about the Reinsurance industry, which is trading below its 3-year average of 8.3x.
Forecasted Growth
- Analysts are most optimistic on the Insurance Brokers industry, expecting annual earnings growth of 30% over the next 5 years.
- However this is lower than its past earnings growth rate of 51% per year.
- In contrast, the Reinsurance industry is expected to see its earnings grow by 2.1% 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 | |
|---|---|---|---|---|---|
| SBILIFE SBI Life Insurance | ₹1.86k | 1.6% +₹29.3b | 1.4% | PE75.5x | |
| ICICIGI ICICI Lombard General Insurance | ₹1.66k | 3.1% +₹24.8b | -13.5% | PE34.2x | |
| ICICIPRULI ICICI Prudential Life Insurance | ₹500.55 | 0.7% +₹4.9b | -19.1% | PE45.2x | |
| NIVABUPA Niva Bupa Health Insurance | ₹86.64 | 0.7% +₹1.1b | 3.2% | PE43.7x | |
| RELIGARE Religare Enterprises | ₹258.05 | 0.7% +₹582.3m | -6.3% | PE99.9x |
