Malaysian (KLSE) Insurance Industry Analysis

Industry Valuation and Performance

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

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Tue, 20 May 2025	RM 15.0b	RM 14.6b	RM 2.1b	6.5x	7.3x	1x
Thu, 17 Apr 2025	RM 14.1b	RM 15.1b	RM 2.1b	6.4x	6.8x	0.9x
Sat, 15 Mar 2025	RM 14.1b	RM 15.2b	RM 2.0b	6.3x	7.1x	0.9x
Mon, 10 Feb 2025	RM 14.8b	RM 14.4b	RM 1.7b	6.3x	8.5x	1x
Wed, 08 Jan 2025	RM 14.8b	RM 14.4b	RM 1.7b	6.9x	8.7x	1x
Fri, 06 Dec 2024	RM 15.0b	RM 14.4b	RM 1.7b	6.8x	8.8x	1x
Sun, 03 Nov 2024	RM 15.2b	RM 13.8b	RM 1.7b	6.7x	8.8x	1.1x
Tue, 01 Oct 2024	RM 14.9b	RM 13.6b	RM 1.7b	6.5x	9x	1.1x
Thu, 29 Aug 2024	RM 14.9b	RM 13.7b	RM 1.7b	6.6x	8.5x	1.1x
Sat, 27 Jul 2024	RM 14.7b	RM 13.6b	RM 1.7b	7.2x	8.7x	1.1x
Mon, 24 Jun 2024	RM 15.0b	RM 13.6b	RM 1.7b	7.2x	8.9x	1.1x
Wed, 22 May 2024	RM 15.3b	RM 13.2b	RM 1.7b	7.8x	9.1x	1.2x
Fri, 19 Apr 2024	RM 13.7b	RM 14.0b	RM 1.5b	7.1x	9.1x	1x
Sun, 17 Mar 2024	RM 13.8b	RM 14.0b	RM 1.5b	6.5x	9.2x	1x
Tue, 13 Feb 2024	RM 14.0b	RM 17.0b	RM 1.4b	8.9x	10.2x	0.8x
Thu, 11 Jan 2024	RM 13.8b	RM 16.8b	RM 1.3b	9x	10.3x	0.8x
Sat, 09 Dec 2023	RM 13.2b	RM 17.0b	RM 1.3b	8.5x	9.8x	0.8x
Mon, 06 Nov 2023	RM 12.8b	RM 17.0b	RM 1.3b	9.3x	10.2x	0.8x
Wed, 04 Oct 2023	RM 12.3b	RM 16.9b	RM 1.2b	9.1x	9.9x	0.7x
Fri, 01 Sep 2023	RM 12.7b	RM 16.9b	RM 1.2b	9.5x	10.2x	0.8x
Sun, 30 Jul 2023	RM 12.1b	RM 16.1b	RM 1.0b	8.7x	12x	0.8x
Tue, 27 Jun 2023	RM 11.9b	RM 16.1b	RM 1.0b	8.6x	11.8x	0.7x
Thu, 25 May 2023	RM 12.5b	RM 15.4b	RM 887.6m	12.5x	14.1x	0.8x
Sat, 22 Apr 2023	RM 12.7b	RM 15.4b	RM 1.1b	8.5x	12x	0.8x
Mon, 20 Mar 2023	RM 12.5b	RM 15.4b	RM 1.0b	8.3x	12x	0.8x
Wed, 15 Feb 2023	RM 13.3b	RM 14.9b	RM 1.2b	7.6x	10.7x	0.9x
Fri, 13 Jan 2023	RM 13.0b	RM 14.6b	RM 1.1b	8.6x	11.5x	0.9x
Sun, 11 Dec 2022	RM 12.9b	RM 14.6b	RM 1.1b	8.1x	11.3x	0.9x
Tue, 08 Nov 2022	RM 12.4b	RM 14.5b	RM 953.6m	8.7x	13x	0.9x
Thu, 06 Oct 2022	RM 12.8b	RM 14.3b	RM 969.6m	9x	13.2x	0.9x
Sat, 03 Sep 2022	RM 13.2b	RM 14.3b	RM 969.6m	9.1x	13.6x	0.9x
Mon, 01 Aug 2022	RM 13.5b	RM 14.8b	RM 1.3b	7.4x	10x	0.9x
Wed, 29 Jun 2022	RM 13.2b	RM 14.8b	RM 1.3b	7.4x	9.8x	0.9x
Fri, 27 May 2022	RM 13.7b	RM 14.8b	RM 1.4b	7.2x	9.9x	0.9x

Current Industry PE

Investors are pessimistic on the Malaysian 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 7.3x which is lower than its 3-year average PE of 10.2x.

The 3-year average PS ratio of 0.92x is lower than the industry's current PS ratio of 1.0x.

Past Earnings Growth

The earnings for companies in the Insurance industry have grown 14% per year over the last three years, while revenues have remained mostly flat.
This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

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


MY Market	0.52%
Financials	1.68%
Insurance	1.95%
Property and Casualty Insurance	3.77%
Reinsurance	1.45%
Life and Health Insurance	1.36%
General Insurance	0.52%
Insurance Brokers	0%	0

Industry PE

Investors are most optimistic about the Property and Casualty Insurance industry which is trading above its 3-year average PE ratio of 16.7x.

Analysts are expecting annual earnings growth of 5.7%, which is lower than the prior year's growth of 9.6% per year.

Investors are most pessimistic about the Reinsurance industry, which is trading below its 3-year average of 6.7x.

Forecasted Growth

Analysts are most optimistic on the General Insurance industry, expecting annual earnings growth of 6.5% over the next 5 years.
However this is lower than its past earnings growth rate of 22% per year.