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Norwegian (OSEAX) Insurance Industry Analysis

UpdatedSep 16, 2025
DataAggregated Company Financials
Companies4
  • 7D2.9%
  • 3M16.7%
  • 1Y51.4%
  • YTD40.0%

Over the last 7 days, the Insurance industry has dropped 1.6%, driven by pullbacks from every company within the industry. Over the past 12 months, the industry was up 56%. Looking forward, earnings are forecast to grow by 4.3% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 16 Sep 2025NOK 249.4bNOK 105.3bNOK 13.3b15.9x18.7x2.4x
Thu, 14 Aug 2025NOK 183.2bNOK 105.3bNOK 13.3b9.4x13.8x1.7x
Sat, 12 Jul 2025NOK 229.4bNOK 90.3bNOK 13.0b15.9x17.7x2.5x
Mon, 09 Jun 2025NOK 219.9bNOK 90.3bNOK 12.9b14.4x17x2.4x
Wed, 07 May 2025NOK 211.7bNOK 137.0bNOK 12.9b13.5x16.5x1.5x
Fri, 04 Apr 2025NOK 205.1bNOK 135.4bNOK 12.1b14.3x16.9x1.5x
Sun, 02 Mar 2025NOK 194.7bNOK 74.6bNOK 12.3b13.3x15.9x2.6x
Tue, 28 Jan 2025NOK 197.2bNOK 142.7bNOK 12.3b12.4x16.1x1.4x
Thu, 26 Dec 2024NOK 176.2bNOK 144.1bNOK 12.0b11.2x14.7x1.2x
Sat, 23 Nov 2024NOK 174.6bNOK 144.1bNOK 12.0b11.2x14.6x1.2x
Mon, 21 Oct 2024NOK 173.3bNOK 128.1bNOK 10.0b13.6x17.3x1.4x
Wed, 18 Sep 2024NOK 166.5bNOK 128.1bNOK 10.0b12.7x16.6x1.3x
Fri, 16 Aug 2024NOK 157.0bNOK 128.1bNOK 10.0b11.8x15.6x1.2x
Sun, 14 Jul 2024NOK 167.0bNOK 126.5bNOK 9.7b12.3x17.2x1.3x
Tue, 11 Jun 2024NOK 163.1bNOK 126.6bNOK 8.3b15.3x19.7x1.3x
Thu, 09 May 2024NOK 160.7bNOK 125.9bNOK 8.6b15.2x18.7x1.3x
Sat, 06 Apr 2024NOK 141.6bNOK 106.1bNOK 8.9b12.5x15.9x1.3x
Mon, 04 Mar 2024NOK 145.1bNOK 121.3bNOK 8.9b12.7x16.3x1.2x
Wed, 31 Jan 2024NOK 143.5bNOK 157.5bNOK 8.0b17.1x18x0.9x
Fri, 29 Dec 2023NOK 146.4bNOK 157.8bNOK 9.3b16x15.8x0.9x
Sun, 26 Nov 2023NOK 149.1bNOK 157.8bNOK 9.3b16.7x16x0.9x
Tue, 24 Oct 2023NOK 131.6bNOK 155.6bNOK 9.4b13.9x14x0.8x
Thu, 21 Sep 2023NOK 135.4bNOK 154.1bNOK 9.5b14.5x14.3x0.9x
Sat, 19 Aug 2023NOK 131.3bNOK 154.1bNOK 9.5b14.2x13.9x0.9x
Mon, 17 Jul 2023NOK 126.6bNOK 155.4bNOK 9.5b13.6x13.4x0.8x
Wed, 14 Jun 2023NOK 140.2bNOK 93.3bNOK 8.4b15.9x16.7x1.5x
Fri, 12 May 2023NOK 139.6bNOK 58.4bNOK 8.4b15.5x16.6x2.4x
Sun, 09 Apr 2023NOK 136.2bNOK 55.4bNOK 7.8b16x17.5x2.5x
Tue, 07 Mar 2023NOK 144.0bNOK 55.4bNOK 7.8b17x18.5x2.6x
Thu, 02 Feb 2023NOK 142.7bNOK 60.4bNOK 7.6b19.8x18.7x2.4x
Sat, 31 Dec 2022NOK 146.2bNOK 60.6bNOK 8.8b16.8x16.6x2.4x
Mon, 28 Nov 2022NOK 146.6bNOK 60.6bNOK 8.8b16.7x16.7x2.4x
Wed, 26 Oct 2022NOK 140.1bNOK 71.0bNOK 9.0b16.6x15.6x2x
Fri, 23 Sep 2022NOK 144.5bNOK 71.0bNOK 9.4b16.2x15.4x2x
Price to Earnings Ratio

15.4x


Total Market Cap: NOK 144.5bTotal Earnings: NOK 9.4bTotal Revenue: NOK 71.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Insurance Industry Price to Earnings3Y Average 16.4x202320242025
Current Industry PE
  • Investors are relatively neutral on the Norwegian 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 16.3x.
  • The 3-year average PS ratio of 1.6x is lower than the industry's current PS ratio of 2.3x.
Past Earnings Growth
  • The earnings for companies in the Insurance industry have grown 12% per year over the last three years.
  • Revenues for these companies have grown 14% 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 Norwegian Financials industry?

NO Market1.81%
Financials2.70%
Insurance2.92%
General Insurance3.33%
Life and Health Insurance1.83%
Property and Casualty Insurance0%0
Industry PE
  • Investors are most optimistic about the General Insurance industry which is trading above its 3-year average PE ratio of 18.5x.
    • Analysts are expecting annual earnings growth of 4.5%, which is lower than the prior year's growth of 62.4% per year.
  • Investors are most pessimistic about the Life and Health Insurance industry, which is trading close to its 3-year average of 13.2x.
Forecasted Growth
  • Analysts are most optimistic on the General Insurance industry, expecting annual earnings growth of 4.5% over the next 5 years.
  • In contrast, the Life and Health Insurance industry is expected to see its earnings grow by 3.8% 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
GJF Gjensidige ForsikringNOK 286.203.7%
+NOK 5.1b		47.0%PE22.6x
STB StorebrandNOK 156.201.8%
+NOK 1.2b		36.1%PE14.4x
PROT Protector ForsikringNOK 480.002.0%
+NOK 782.1m		115.7%PE17.3x

Latest News

GJF
NOK 286.20
Gjensidige Forsikring
7D
3.7%
1Y
47.0%

Gjensidige Forsikring ASA's (OB:GJF) Price Is Out Of Tune With Earnings

Sep 16
Gjensidige Forsikring ASA's (OB:GJF) Price Is Out Of Tune With Earnings
STB
NOK 156.20
Storebrand
7D
1.8%
1Y
36.1%

Storebrand ASA's (OB:STB) Popularity With Investors Is Under Threat From Overpricing

Sep 05
Storebrand ASA's (OB:STB) Popularity With Investors Is Under Threat From Overpricing
PROT
NOK 480.00
Protector Forsikring
7D
2.0%
1Y
115.7%

With EPS Growth And More, Protector Forsikring (OB:PROT) Makes An Interesting Case

Aug 11
With EPS Growth And More, Protector Forsikring (OB:PROT) Makes An Interesting Case