Have your own idea? Try our Stock Screener
Jamaican (JSE) Insurance Industry Analysis
UpdatedJan 14, 2025
DataAggregated Company Financials
Companies5
- 7D-0.9%
- 3M2.7%
- 1Y-2.3%
- YTD-1.9%
The Insurance industry is up 1.5% in the last week, with Sagicor Group Jamaica up 1.5%. Meanwhile, Key Insurance actually underperformed within the industry, shrinking 9.8% in the last week. The industry has been flat over the past 12 months despite the gain this week.
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, 14 Jan 2025 | JA$167.4b | JA$115.9b | JA$11.6b | 14.5x | 14.5x | 1.4x |
| Thu, 12 Dec 2024 | JA$157.5b | JA$115.9b | JA$11.6b | 13.6x | 13.6x | 1.4x |
| Sat, 09 Nov 2024 | JA$166.2b | JA$112.8b | JA$13.4b | 12.2x | 12.4x | 1.5x |
| Mon, 07 Oct 2024 | JA$166.1b | JA$112.8b | JA$13.4b | 12.2x | 12.4x | 1.5x |
| Wed, 04 Sep 2024 | JA$165.2b | JA$112.8b | JA$13.4b | 12.1x | 12.3x | 1.5x |
| Fri, 02 Aug 2024 | JA$165.6b | JA$110.2b | JA$14.0b | 11.8x | 11.8x | 1.5x |
| Sun, 30 Jun 2024 | JA$169.6b | JA$110.1b | JA$13.9b | 12.1x | 12.2x | 1.5x |
| Tue, 28 May 2024 | JA$169.0b | JA$109.2b | JA$15.0b | 11.1x | 11.3x | 1.5x |
| Thu, 25 Apr 2024 | JA$166.7b | JA$108.6b | JA$14.9b | 16.9x | 11.2x | 1.5x |
| Sat, 23 Mar 2024 | JA$166.3b | JA$108.6b | JA$14.9b | 15.5x | 11.2x | 1.5x |
| Mon, 19 Feb 2024 | JA$179.6b | JA$129.4b | JA$27.5b | 14.8x | 6.5x | 1.4x |
| Wed, 17 Jan 2024 | JA$171.4b | JA$125.8b | JA$27.7b | 9x | 6.2x | 1.4x |
| Fri, 15 Dec 2023 | JA$163.0b | JA$125.8b | JA$27.7b | 8.9x | 5.9x | 1.3x |
| Sun, 12 Nov 2023 | JA$175.1b | JA$118.7b | JA$19.5b | 8.5x | 9x | 1.5x |
| Tue, 10 Oct 2023 | JA$182.2b | JA$118.7b | JA$19.5b | 9.3x | 9.4x | 1.5x |
| Thu, 07 Sep 2023 | JA$187.2b | JA$135.4b | JA$19.5b | 8.9x | 9.6x | 1.4x |
| Sat, 05 Aug 2023 | JA$198.6b | JA$120.9b | JA$20.1b | 8.9x | 9.9x | 1.6x |
| Mon, 03 Jul 2023 | JA$199.3b | JA$120.1b | JA$20.0b | 9.9x | 9.9x | 1.7x |
| Wed, 31 May 2023 | JA$203.0b | JA$120.0b | JA$20.1b | 10.1x | 10.1x | 1.7x |
| Fri, 28 Apr 2023 | JA$203.4b | JA$111.2b | JA$17.1b | 11.9x | 11.9x | 1.8x |
| Sun, 26 Mar 2023 | JA$192.3b | JA$105.2b | JA$17.1b | 11.2x | 11.2x | 1.8x |
| Tue, 21 Feb 2023 | JA$214.6b | JA$111.4b | JA$14.9b | 10.2x | 14.4x | 1.9x |
| Thu, 19 Jan 2023 | JA$206.7b | JA$111.4b | JA$14.9b | 9.3x | 13.8x | 1.9x |
| Sat, 17 Dec 2022 | JA$194.5b | JA$111.4b | JA$14.9b | 10.2x | 13x | 1.7x |
| Mon, 14 Nov 2022 | JA$203.5b | JA$111.9b | JA$19.0b | 12.1x | 10.7x | 1.8x |
| Wed, 12 Oct 2022 | JA$205.4b | JA$111.9b | JA$19.0b | 11.5x | 10.8x | 1.8x |
| Fri, 09 Sep 2022 | JA$219.2b | JA$113.8b | JA$18.9b | 12.8x | 11.6x | 1.9x |
| Sun, 07 Aug 2022 | JA$222.7b | JA$113.8b | JA$18.9b | 12.4x | 11.8x | 2x |
| Tue, 05 Jul 2022 | JA$225.8b | JA$113.7b | JA$19.1b | 11.8x | 11.8x | 2x |
| Thu, 02 Jun 2022 | JA$235.8b | JA$105.2b | JA$17.2b | 13.3x | 13.7x | 2.2x |
| Sat, 30 Apr 2022 | JA$231.9b | JA$105.3b | JA$17.2b | 13.2x | 13.5x | 2.2x |
| Mon, 28 Mar 2022 | JA$228.3b | JA$105.3b | JA$17.2b | 13.3x | 13.3x | 2.2x |
| Wed, 23 Feb 2022 | JA$221.3b | JA$105.3b | JA$17.2b | 13.1x | 12.8x | 2.1x |
| Fri, 21 Jan 2022 | JA$214.8b | JA$105.3b | JA$17.2b | 12.8x | 12.5x | 2x |
Price to Earnings Ratio
12.5x
Current Industry PE
- Investors are optimistic on the Jamaican Insurance industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 14.5x which is higher than its 3-year average PE of 11.3x.
- The 3-year average PS ratio of 1.7x is higher than the industry's current PS ratio of 1.4x.
Past Earnings Growth
- The earnings for companies in the Insurance industry have declined 12% per year over the last three years.
- Meanwhile revenues for these companies have grown 3.3% 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, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Jamaican Financials industry?
| JM Market | -0.08% | |
| Financials | -0.73% | |
| Insurance | -0.94% | |
| General Insurance | 0% | |
| Reinsurance | 0% | |
| Property and Casualty Insurance | -0.088% | |
| Life and Health Insurance | -0.98% | |
| Insurance Brokers | -1.75% | |
Industry PE
- Investors are most optimistic about the Insurance Brokers industry which is trading above its 3-year average PE ratio of 10.6x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Property and Casualty Insurance industry, which is trading close to its 3-year average of 15.0x.
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| GENAC General Accident Insurance Company Jamaica | JA$6.10 | 6.1% +JA$360.9m | 29.8% | PE12.7x | |
| KEY Key Insurance | JA$2.20 | 5.8% +JA$67.1m | 7.3% | PE30.4x |