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Malaysian (KLSE) Insurance Industry Analysis

UpdatedAug 25, 2025
DataAggregated Company Financials
Companies7
  • 7D1.1%
  • 3M-3.7%
  • 1Y-3.7%
  • YTD-3.3%

In the last week, the Insurance industry is up 1.1%, with MNRB Holdings Berhad up 8.9%. In contrast, the industry has lost 3.7% in the last 12 months. As for the next few years, earnings are expected to grow by 5.6% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 25 Aug 2025RM 14.4bRM 15.1bRM 2.0b6x7.2x1x
Wed, 23 Jul 2025RM 14.1bRM 14.9bRM 1.9b6.7x7.4x0.9x
Fri, 20 Jun 2025RM 14.4bRM 14.9bRM 1.9b6.7x7.6x1x
Sun, 18 May 2025RM 15.1bRM 14.6bRM 2.1b6.6x7.3x1x
Tue, 15 Apr 2025RM 14.1bRM 15.1bRM 2.1b6.4x6.8x0.9x
Thu, 13 Mar 2025RM 13.9bRM 15.2bRM 2.0b6.1x7x0.9x
Sat, 08 Feb 2025RM 14.8bRM 14.4bRM 1.7b6.3x8.5x1x
Mon, 06 Jan 2025RM 15.0bRM 14.4bRM 1.7b7x8.8x1x
Wed, 04 Dec 2024RM 14.9bRM 14.4bRM 1.7b6.8x8.7x1x
Fri, 01 Nov 2024RM 15.3bRM 13.8bRM 1.7b6.7x8.8x1.1x
Sun, 29 Sep 2024RM 15.0bRM 13.6bRM 1.7b6.6x9x1.1x
Tue, 27 Aug 2024RM 14.9bRM 13.7bRM 1.7b6.5x8.5x1.1x
Thu, 25 Jul 2024RM 14.8bRM 13.6bRM 1.7b7.2x8.7x1.1x
Sat, 22 Jun 2024RM 15.0bRM 13.6bRM 1.7b7.2x8.9x1.1x
Mon, 20 May 2024RM 15.4bRM 13.2bRM 1.7b7.9x9.1x1.2x
Wed, 17 Apr 2024RM 13.8bRM 14.0bRM 1.5b7x9.2x1x
Fri, 15 Mar 2024RM 13.7bRM 14.0bRM 1.5b6.5x9.2x1x
Sun, 11 Feb 2024RM 14.0bRM 17.0bRM 1.4b8.9x10.2x0.8x
Tue, 09 Jan 2024RM 13.8bRM 16.8bRM 1.3b8.9x10.2x0.8x
Thu, 07 Dec 2023RM 13.1bRM 17.0bRM 1.3b8.5x9.8x0.8x
Sat, 04 Nov 2023RM 12.8bRM 17.0bRM 1.3b9.3x10.2x0.8x
Mon, 02 Oct 2023RM 12.3bRM 16.9bRM 1.2b9.2x9.9x0.7x
Wed, 30 Aug 2023RM 12.6bRM 16.5bRM 1.1b9.2x11.5x0.8x
Fri, 28 Jul 2023RM 12.0bRM 16.1bRM 1.0b8.7x12x0.7x
Sun, 25 Jun 2023RM 11.9bRM 16.1bRM 1.0b8.6x11.8x0.7x
Tue, 23 May 2023RM 12.7bRM 15.4bRM 887.6m12.6x14.3x0.8x
Thu, 20 Apr 2023RM 12.7bRM 15.4bRM 1.0b8.5x12.1x0.8x
Sat, 18 Mar 2023RM 12.5bRM 15.4bRM 1.0b8.3x12x0.8x
Mon, 13 Feb 2023RM 13.2bRM 14.9bRM 1.2b7.5x10.6x0.9x
Wed, 11 Jan 2023RM 13.0bRM 14.6bRM 1.1b8.6x11.4x0.9x
Fri, 09 Dec 2022RM 13.0bRM 14.6bRM 1.1b8.1x11.4x0.9x
Sun, 06 Nov 2022RM 12.5bRM 14.3bRM 938.9m8.6x13.3x0.9x
Tue, 04 Oct 2022RM 12.7bRM 14.3bRM 969.6m9x13.1x0.9x
Thu, 01 Sep 2022RM 13.2bRM 14.3bRM 1.1b10.6x12x0.9x
Price to Earnings Ratio

12x


Total Market Cap: RM 13.2bTotal Earnings: RM 1.1bTotal Revenue: RM 14.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Insurance Industry Price to Earnings3Y Average 10x202320242025
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 7.2x which is lower than its 3-year average PE of 10.0x.
  • The industry is trading close to its 3-year average PS ratio of 0.92x.
Past Earnings Growth
  • The earnings for companies in the Insurance industry have grown 20% 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 Market1.03%
Financials0.77%
Insurance1.14%
Reinsurance8.95%
Life and Health Insurance3.96%
General Insurance1.11%
Insurance Brokers0%0
Property and Casualty Insurance-0.94%
Industry PE
  • Investors are most optimistic about the Property and Casualty Insurance industry which is trading above its 3-year average PE ratio of 16.8x.
    • Analysts are expecting annual earnings growth of 7.6%, which is higher than its past year's earnings growth of 6.5% per year.
  • Investors are most pessimistic about the Reinsurance industry, which is trading below its 3-year average of 6.4x.
Forecasted Growth
  • Analysts are most optimistic on the Property and Casualty Insurance industry, expecting annual earnings growth of 7.6% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Reinsurance industry is expected to see its earnings decline by 2.4% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
MNRB MNRB Holdings BerhadRM 2.089.5%
+RM 141.0m
-4.6%PE3.5x
MANULFE Manulife Holdings BerhadRM 2.113.9%
+RM 18.5m
0%PE4.5x
TUNEPRO Tune Protect Group BerhadRM 0.313.3%
+RM 7.5m
-16.2%PE23.3x

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