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Jamaican (JSE) Insurance Industry Analysis

UpdatedMar 21, 2023
DataAggregated Company Financials
  • 7D-6.5%
  • 3M-2.4%
  • 1Y-19.5%
  • YTD-14.6%

Over the last 7 days, the Insurance industry has dropped 6.5%, driven by Sagicor Group Jamaica declining 6.6%. In contrast, Caribbean Assurance Brokers has gained 7.9%. However, the industry is down 19% over the past year.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 21 Mar 2023JA$190.0bJA$111.6bJA$15.4b9.5x12.4x1.7x
Thu, 16 Feb 2023JA$213.6bJA$111.4bJA$14.9b9.9x14.3x1.9x
Sat, 14 Jan 2023JA$213.2bJA$111.4bJA$14.9b10.5x14.3x1.9x
Mon, 12 Dec 2022JA$202.5bJA$111.4bJA$14.9b11.2x13.6x1.8x
Wed, 09 Nov 2022JA$202.9bJA$111.9bJA$19.0b12.3x10.7x1.8x
Fri, 07 Oct 2022JA$211.6bJA$111.9bJA$19.0b11.5x11.2x1.9x
Sun, 04 Sep 2022JA$219.4bJA$113.8bJA$18.9b12.8x11.6x1.9x
Tue, 02 Aug 2022JA$222.5bJA$113.8bJA$18.9b12.8x11.8x2x
Thu, 30 Jun 2022JA$224.2bJA$113.7bJA$19.1b12.5x11.8x2x
Sat, 28 May 2022JA$230.0bJA$105.2bJA$17.2b12.6x13.3x2.2x
Mon, 25 Apr 2022JA$228.9bJA$105.3bJA$17.2b13.3x13.3x2.2x
Wed, 23 Mar 2022JA$235.9bJA$105.3bJA$17.2b13.7x13.7x2.2x
Fri, 18 Feb 2022JA$231.4bJA$105.3bJA$17.2b13.4x13.4x2.2x
Sun, 16 Jan 2022JA$223.0bJA$105.3bJA$17.2b13.1x12.9x2.1x
Tue, 14 Dec 2021JA$215.2bJA$105.3bJA$17.2b14.1x12.5x2x
Thu, 11 Nov 2021JA$221.5bJA$101.6bJA$14.7b22.3x15x2.2x
Sat, 09 Oct 2021JA$223.4bJA$101.4bJA$14.7b17.4x15.2x2.2x
Mon, 06 Sep 2021JA$233.1bJA$101.4bJA$14.7b17.5x15.8x2.3x
Wed, 04 Aug 2021JA$232.0bJA$101.4bJA$14.7b17.9x15.7x2.3x
Sat, 08 May 2021JA$215.1bJA$97.1bJA$15.2b19x14.1x2.2x
Tue, 09 Feb 2021JA$212.7bJA$91.1bJA$13.8b14.6x15.4x2.3x
Mon, 02 Nov 2020JA$191.5bJA$94.9bJA$15.3b12.1x12.5x2x
Thu, 06 Aug 2020JA$175.8bJA$97.6bJA$13.8b13.1x12.8x1.8x
Sun, 10 May 2020JA$180.8bJA$98.6bJA$15.5b16x11.7x1.8x
Price to Earnings Ratio


Total Market Cap: JA$210.8bTotal Earnings: JA$15.5bTotal Revenue: JA$98.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Jamaican Insurance Industry Price to Earnings3Y Average 13.5x202120222023
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 industry is trading close to its 3-year average PE ratio of 13.5x.
  • 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%
Insurance Brokers7.85%
General Insurance0%
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.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
CABROKERS Caribbean Assurance BrokersJA$2.067.9%
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Key Insurance







Caribbean Assurance Brokers







General Accident Insurance Company Jamaica







Sagicor Group Jamaica