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Norwegian (OSEAX) Insurance Industry Analysis

UpdatedSep 25, 2024
DataAggregated Company Financials
Companies4
  • 7D0.06%
  • 3M1.2%
  • 1Y26.7%
  • YTD13.8%

Over the last 7 days, the Insurance industry has remained flat. The past year has been better, since the industry has gained 26% in that time. Looking forward, earnings are forecast to grow by 8.2% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 25 Sep 2024NOK 166.6bNOK 128.1bNOK 10.0b12.8x16.6x1.3x
Fri, 23 Aug 2024NOK 157.6bNOK 128.1bNOK 10.0b11.9x15.7x1.2x
Sun, 21 Jul 2024NOK 156.6bNOK 128.1bNOK 10.0b12x15.6x1.2x
Tue, 18 Jun 2024NOK 163.8bNOK 126.6bNOK 8.3b15.5x19.8x1.3x
Thu, 16 May 2024NOK 160.3bNOK 126.6bNOK 8.3b15.3x19.4x1.3x
Sat, 13 Apr 2024NOK 142.1bNOK 106.1bNOK 8.9b12.8x16x1.3x
Mon, 11 Mar 2024NOK 145.0bNOK 121.3bNOK 8.9b12.9x16.3x1.2x
Wed, 07 Feb 2024NOK 146.5bNOK 159.0bNOK 8.5b14.7x17.2x0.9x
Fri, 05 Jan 2024NOK 147.2bNOK 157.8bNOK 9.3b16x15.8x0.9x
Sun, 03 Dec 2023NOK 150.1bNOK 157.8bNOK 9.3b16.7x16.2x1x
Tue, 31 Oct 2023NOK 138.1bNOK 157.8bNOK 9.3b15.1x14.9x0.9x
Thu, 28 Sep 2023NOK 131.1bNOK 154.1bNOK 9.5b14.1x13.9x0.9x
Sat, 26 Aug 2023NOK 132.9bNOK 154.1bNOK 9.5b14.1x14x0.9x
Mon, 24 Jul 2023NOK 133.5bNOK 154.1bNOK 9.5b14.6x14.1x0.9x
Wed, 21 Jun 2023NOK 138.7bNOK 93.3bNOK 8.4b16x16.6x1.5x
Fri, 19 May 2023NOK 140.8bNOK 58.4bNOK 8.4b15.6x16.8x2.4x
Sun, 16 Apr 2023NOK 140.3bNOK 55.4bNOK 7.8b15.8x18x2.5x
Tue, 14 Mar 2023NOK 139.5bNOK 55.4bNOK 7.8b15.6x17.9x2.5x
Thu, 09 Feb 2023NOK 145.7bNOK 61.0bNOK 8.0b15.7x18.2x2.4x
Sat, 07 Jan 2023NOK 142.8bNOK 60.6bNOK 8.8b16.4x16.2x2.4x
Mon, 05 Dec 2022NOK 146.6bNOK 60.6bNOK 8.8b16.7x16.7x2.4x
Wed, 02 Nov 2022NOK 141.9bNOK 60.6bNOK 8.8b16.4x16.1x2.3x
Fri, 30 Sep 2022NOK 135.0bNOK 71.0bNOK 9.4b15x14.4x1.9x
Sun, 28 Aug 2022NOK 150.0bNOK 71.0bNOK 9.4b16.8x16x2.1x
Tue, 26 Jul 2022NOK 147.2bNOK 71.0bNOK 9.4b16.4x15.7x2.1x
Thu, 23 Jun 2022NOK 137.8bNOK 117.5bNOK 11.3b13.1x12.2x1.2x
Sat, 21 May 2022NOK 147.4bNOK 117.5bNOK 11.3b14x13x1.3x
Mon, 18 Apr 2022NOK 157.7bNOK 158.5bNOK 11.3b13.1x13.9x1x
Wed, 16 Mar 2022NOK 156.2bNOK 159.1bNOK 11.3b12.5x13.8x1x
Fri, 11 Feb 2022NOK 161.7bNOK 150.3bNOK 11.4b11.3x14.2x1.1x
Sun, 09 Jan 2022NOK 160.0bNOK 149.5bNOK 11.0b10.7x14.5x1.1x
Tue, 07 Dec 2021NOK 151.8bNOK 149.5bNOK 11.0b9.5x13.8x1x
Thu, 04 Nov 2021NOK 156.8bNOK 149.7bNOK 11.0b9.9x14.3x1x
Sat, 02 Oct 2021NOK 142.5bNOK 159.2bNOK 11.4b8.8x12.5x0.9x
Price to Earnings Ratio

12.5x


Total Market Cap: NOK 142.5bTotal Earnings: NOK 11.4bTotal Revenue: NOK 159.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Insurance Industry Price to Earnings3Y Average 15.7x202220232024
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 15.7x.
  • The 3-year average PS ratio of 1.4x is higher than the industry's current PS ratio of 1.3x.
Past Earnings Growth
  • The earnings for companies in the Insurance industry have declined 4.0% per year over the last three years,
  • Revenues have also declined 7.0% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

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

NO Market0.63%
Financials0.14%
Insurance0.064%
Life and Health Insurance1.48%
Insurance Brokers0%
Property and Casualty Insurance0%
Reinsurance0%
General Insurance-0.55%
Industry PE
  • Investors are most optimistic about the General Insurance industry which is trading above its 3-year average PE ratio of 16.7x.
    • Analysts are expecting annual earnings growth of 13.5%, which is higher than its past year's earnings decline of 14.6% per year.
  • Investors are most pessimistic about the Life and Health Insurance industry, which is trading below its 3-year average of 13.8x.
Forecasted Growth
  • Analysts are most optimistic on the General Insurance industry, expecting annual earnings growth of 14% over the next 5 years.
  • This is better than its past earnings decline of 15% per year.
  • In contrast, the Life and Health Insurance industry is expected to see its earnings decline 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
STB StorebrandNOK 116.701.5%
+NOK 742.5m		34.1%PE11.2x
PROT Protector ForsikringNOK 239.000.8%
+NOK 164.9m		37.8%PE14.4x
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PROT

NOK 239.00

Protector Forsikring

7D

0.8%

1Y

37.8%

GJF

NOK 191.80

Gjensidige Forsikring

7D

-0.8%

1Y

21.2%

STB

NOK 116.70

Storebrand

7D

1.5%

1Y

34.1%