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Japanese (NIKKEI) Insurance Industry Analysis

UpdatedApr 21, 2026
DataAggregated Company Financials
Companies17
  • 7D0.4%
  • 3M6.8%
  • 1Y41.8%
  • YTD11.8%

Over the last 7 days, the Insurance industry has dropped 1.2%, driven by pullbacks in MS&AD Insurance Group Holdings and Daiichi Life Group of 0.9% and 1.1%, respectively. In the past year, the industry has gained 38%. Earnings are forecast to grow by 1.8% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 21 Apr 2026JP¥38.8tJP¥48.0tJP¥3.6t13.6x10.8x0.8x
Thu, 19 Mar 2026JP¥37.5tJP¥48.0tJP¥3.6t14.3x10.5x0.8x
Sat, 14 Feb 2026JP¥38.8tJP¥47.4tJP¥3.2t14.3x12.1x0.8x
Mon, 12 Jan 2026JP¥36.1tJP¥47.4tJP¥3.2t13.8x11.2x0.8x
Wed, 10 Dec 2025JP¥33.1tJP¥47.4tJP¥3.2t13.3x10.3x0.7x
Fri, 07 Nov 2025JP¥31.8tJP¥46.7tJP¥3.4t12.1x9.3x0.7x
Sun, 05 Oct 2025JP¥32.4tJP¥46.7tJP¥3.4t12.4x9.4x0.7x
Tue, 02 Sep 2025JP¥34.5tJP¥46.7tJP¥3.4t13.1x10.1x0.7x
Thu, 31 Jul 2025JP¥32.5tJP¥47.1tJP¥3.1t14.5x10.6x0.7x
Sat, 28 Jun 2025JP¥31.7tJP¥47.1tJP¥3.2t12.7x9.8x0.7x
Mon, 26 May 2025JP¥30.9tJP¥48.0tJP¥3.2t13x9.5x0.6x
Wed, 23 Apr 2025JP¥28.6tJP¥48.7tJP¥3.3t10.9x8.6x0.6x
Fri, 21 Mar 2025JP¥33.6tJP¥48.7tJP¥3.3t11.7x10.1x0.7x
Sun, 16 Feb 2025JP¥31.0tJP¥48.6tJP¥3.3t13.1x9.3x0.6x
Tue, 14 Jan 2025JP¥30.1tJP¥48.6tJP¥3.4t12x8.9x0.6x
Thu, 12 Dec 2024JP¥32.0tJP¥48.6tJP¥3.4t12.4x9.4x0.7x
Sat, 09 Nov 2024JP¥31.9tJP¥47.1tJP¥2.6t14.2x12.1x0.7x
Mon, 07 Oct 2024JP¥29.8tJP¥47.1tJP¥2.6t13.2x11.3x0.6x
Wed, 04 Sep 2024JP¥31.2tJP¥47.1tJP¥2.6t13.7x11.9x0.7x
Fri, 02 Aug 2024JP¥31.9tJP¥46.9tJP¥2.3t16.6x14x0.7x
Sun, 30 Jun 2024JP¥33.0tJP¥46.5tJP¥2.3t16.9x14.5x0.7x
Tue, 28 May 2024JP¥30.2tJP¥46.5tJP¥2.3t17.3x13.2x0.6x
Thu, 25 Apr 2024JP¥27.9tJP¥44.3tJP¥2.1t15.8x13.2x0.6x
Sat, 23 Mar 2024JP¥28.6tJP¥44.3tJP¥2.1t15.2x13.5x0.6x
Mon, 19 Feb 2024JP¥26.3tJP¥45.0tJP¥2.1t14x12.4x0.6x
Wed, 17 Jan 2024JP¥23.1tJP¥44.1tJP¥1.8t15x12.9x0.5x
Fri, 15 Dec 2023JP¥22.8tJP¥44.1tJP¥1.8t14.4x12.7x0.5x
Sun, 12 Nov 2023JP¥22.1tJP¥44.0tJP¥1.3t16.9x17x0.5x
Tue, 10 Oct 2023JP¥21.5tJP¥44.0tJP¥1.3t17.3x16.5x0.5x
Thu, 07 Sep 2023JP¥21.1tJP¥44.0tJP¥1.3t16.8x16.2x0.5x
Sat, 05 Aug 2023JP¥19.4tJP¥42.6tJP¥1.2t18.3x15.6x0.5x
Mon, 03 Jul 2023JP¥20.1tJP¥42.1tJP¥1.2t17.5x16.2x0.5x
Wed, 31 May 2023JP¥18.6tJP¥41.1tJP¥1.2t16.2x15x0.5x
Fri, 28 Apr 2023JP¥17.6tJP¥42.6tJP¥1.2t17.9x14.7x0.4x
Price to Earnings Ratio

14.7x


Total Market Cap: JP¥17.6tTotal Earnings: JP¥1.2tTotal Revenue: JP¥42.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Insurance Industry Price to Earnings3Y Average 12x202420252026
Current Industry PE
  • Investors are pessimistic on the Japanese 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 10.7x which is lower than its 3-year average PE of 12.0x.
  • The industry is trading close to its 3-year average PS ratio of 0.62x.
Past Earnings Growth
  • The earnings for companies in the Insurance industry have grown 44% per year over the last three years.
  • Revenues for these companies have grown 4.1% 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 Japanese Financials industry?

JP Market1.52%
Financials0.36%
Insurance0.38%
General Insurance1.22%
Property and Casualty Insurance0.92%
Life and Health Insurance-0.56%
Insurance Brokers-3.37%
Industry PE
  • Investors are most optimistic about the Insurance Brokers industry which is trading above its 3-year average PE ratio of 35.9x.
    • Analysts are expecting annual earnings growth of 21.1%, which is higher than its past year's earnings decline of 4.1% per year.
  • Investors are most pessimistic about the General Insurance industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 2.3x.
Forecasted Growth
  • Analysts are most optimistic on the Insurance Brokers industry, expecting annual earnings growth of 21% over the next 5 years.
  • This is better than its past earnings decline of 4.1% per year.
  • In contrast, the Property and Casualty Insurance industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
8766 Tokio Marine HoldingsJP¥7.18k2.5%
+JP¥329.0b		37.8%PE12.7x
6178 Japan Post HoldingsJP¥1.87k0.5%
+JP¥25.1b		42.6%PE13.6x
7157 Lifenet InsuranceJP¥2.19k0.4%
+JP¥723.1m		18.1%PE24.1x
7326 SBI Insurance GroupJP¥2.15k1.2%
+JP¥645.3m		105.9%PE2.7x
8798 Advance CreateJP¥189.004.4%
+JP¥295.6m		-36.1%PS1x

Latest News

8795
JP¥3,921.00
T&D Holdings
7D
-2.1%
1Y
45.2%

8795: New Dividend Framework And Completed Buybacks Will Support Future Shareholder Returns

Analysts have kept their ¥4,528 price target for T&D Holdings unchanged, citing consistent assumptions around fair value, discount rate, revenue growth, profit margin and future P/E. What's in the News T&D Holdings updated its dividend policy, targeting cash dividends of approximately 60% of the five year average Group adjusted profit beginning with the fiscal year ending March 31, 2026.
8725
JP¥4,026.00
MS&AD Insurance Group Holdings
7D
-0.9%
1Y
35.6%
8766
JP¥7,175.00
Tokio Marine Holdings
7D
2.5%
1Y
37.8%
7388
JP¥2,294.00
FP Partner
7D
-5.2%
1Y
-5.0%
7181
JP¥1,576.50
Japan Post Insurance
7D
-0.5%
1Y
79.3%

7181: Buybacks And Stock Split Will Support Balanced Future Return Profile

Japan Post Insurance's updated analyst price target has shifted from about ¥4,866 to around ¥1,693, with analysts pointing to revised fair value, discount rate, revenue growth, profit margin and future P/E assumptions to support the change. What's in the News Japan Post Insurance plans a 3 for 1 stock split or significant stock dividend effective March 30, 2026.
8750
JP¥1,459.00
Daiichi Life Group
7D
-1.1%
1Y
62.8%

8750: Capital Returns And Reorganization Will Support Balanced Medium Term Outlook

Analysts have nudged their price target for Daiichi Life Group higher to ¥1,568 from ¥1,559, citing slightly firmer profit margin assumptions and a modestly higher future P/E multiple in their updated models. What's in the News Dai-ichi Life is reported to be considering a bid of more than US$1b for HSBC Life Singapore, as part of HSBC's review of non core assets, alongside interest from Allianz and Sun Life (M&A rumors and discussions).
6178
JP¥1,866.50
Japan Post Holdings
7D
0.5%
1Y
42.6%
5845
JP¥989.00
ZenhorenLtd
7D
-0.4%
1Y
27.1%
7326
JP¥2,154.00
SBI Insurance Group
7D
1.2%
1Y
105.9%
8715
JP¥1,474.00
Anicom Holdings
7D
-8.9%
1Y
168.0%
8630
JP¥5,876.00
Sompo Holdings
7D
-0.7%
1Y
31.3%
7157
JP¥2,185.00
Lifenet Insurance
7D
0.4%
1Y
18.1%

Signs of a sustained turnaround in Individual Life

Q3 FY3/26 results update Improving visibility on Individual Life, but GCL headwinds emerge – Q3 FY3/26 results reinforced the Individual Life recovery narrative while surfacing a new challenge in GCL. The individual life business is executing well with Individual Life AP growth accelerating to +6.5% YoY, new business momentum has carried into January 2026, and profitability was revised upward on favourable claims experience and sustained improvement in cost efficiency.
7325
JP¥879.00
IRRC
7D
2.4%
1Y
32.2%
8798
JP¥189.00
Advance Create
7D
4.4%
1Y
-36.1%