Jamaican (JSE) Insurance Industry Analysis

Industry Valuation and Performance

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

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Tue, 21 Mar 2023	JA$190.0b	JA$111.6b	JA$15.4b	9.5x	12.4x	1.7x
Thu, 16 Feb 2023	JA$213.6b	JA$111.4b	JA$14.9b	9.9x	14.3x	1.9x
Sat, 14 Jan 2023	JA$213.2b	JA$111.4b	JA$14.9b	10.5x	14.3x	1.9x
Mon, 12 Dec 2022	JA$202.5b	JA$111.4b	JA$14.9b	11.2x	13.6x	1.8x
Wed, 09 Nov 2022	JA$202.9b	JA$111.9b	JA$19.0b	12.3x	10.7x	1.8x
Fri, 07 Oct 2022	JA$211.6b	JA$111.9b	JA$19.0b	11.5x	11.2x	1.9x
Sun, 04 Sep 2022	JA$219.4b	JA$113.8b	JA$18.9b	12.8x	11.6x	1.9x
Tue, 02 Aug 2022	JA$222.5b	JA$113.8b	JA$18.9b	12.8x	11.8x	2x
Thu, 30 Jun 2022	JA$224.2b	JA$113.7b	JA$19.1b	12.5x	11.8x	2x
Sat, 28 May 2022	JA$230.0b	JA$105.2b	JA$17.2b	12.6x	13.3x	2.2x
Mon, 25 Apr 2022	JA$228.9b	JA$105.3b	JA$17.2b	13.3x	13.3x	2.2x
Wed, 23 Mar 2022	JA$235.9b	JA$105.3b	JA$17.2b	13.7x	13.7x	2.2x
Fri, 18 Feb 2022	JA$231.4b	JA$105.3b	JA$17.2b	13.4x	13.4x	2.2x
Sun, 16 Jan 2022	JA$223.0b	JA$105.3b	JA$17.2b	13.1x	12.9x	2.1x
Tue, 14 Dec 2021	JA$215.2b	JA$105.3b	JA$17.2b	14.1x	12.5x	2x
Thu, 11 Nov 2021	JA$221.5b	JA$101.6b	JA$14.7b	22.3x	15x	2.2x
Sat, 09 Oct 2021	JA$223.4b	JA$101.4b	JA$14.7b	17.4x	15.2x	2.2x
Mon, 06 Sep 2021	JA$233.1b	JA$101.4b	JA$14.7b	17.5x	15.8x	2.3x
Wed, 04 Aug 2021	JA$232.0b	JA$101.4b	JA$14.7b	17.9x	15.7x	2.3x
Sat, 08 May 2021	JA$215.1b	JA$97.1b	JA$15.2b	19x	14.1x	2.2x
Tue, 09 Feb 2021	JA$212.7b	JA$91.1b	JA$13.8b	14.6x	15.4x	2.3x
Mon, 02 Nov 2020	JA$191.5b	JA$94.9b	JA$15.3b	12.1x	12.5x	2x
Thu, 06 Aug 2020	JA$175.8b	JA$97.6b	JA$13.8b	13.1x	12.8x	1.8x
Sun, 10 May 2020	JA$180.8b	JA$98.6b	JA$15.5b	16x	11.7x	1.8x

Current Industry PE

Investors are relatively neutral on the Jamaican Insurance industry at the moment, indicating that they anticipate long term growth rates to remain steady.

The 3-year average PS ratio of 2.1x is higher than the industry's current PS ratio of 1.7x.

Past Earnings Growth

The earnings for companies in the Insurance industry have remained mostly flat over the last three years.
Meanwhile revenues for these companies have grown 4.2% per year.
This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.

Industry Trends

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


JM Market	-1.86%
Financials	-4.28%
Insurance	-6.46%
Insurance Brokers	7.85%
General Insurance	0%
Reinsurance	0%
Property and Casualty Insurance	-4.72%
Life and Health Insurance	-6.56%

Industry PE

Investors are most optimistic about the Life and Health Insurance industry, which is trading close to its 3-year average PE ratio of 13.2x.

It looks like they are confident that earnings will grow faster in the future than they have historically.

Investors are most pessimistic about the Insurance Brokers industry, which is trading below its 3-year average of 10.8x.

Forecasted GrowthThere is insufficient data on the sub-industries of this industry.

	Company	Last Price	7D	1Y	Valuation
	CABROKERS Caribbean Assurance Brokers	JA$2.06	7.9% +JA$39.4m	-8.0%	PE6.9x

Company

Last Price

Valuation

CABROKERS Caribbean Assurance Brokers

JA$2.06

7.9%
+JA$39.4m

-8.0%

PE6.9x

Mar 04

Industry Valuation and Performance