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Norwegian (OSEAX) Insurance Industry Analysis

UpdatedNov 24, 2024
DataAggregated Company Financials
Companies4
  • 7D0.2%
  • 3M10.2%
  • 1Y18.2%
  • YTD19.4%

In the last week, Insurance has been flat. As for the the longer term, the industry is up 18% over the past 12 months. Looking forward, earnings are forecast to grow by 4.6% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 25 Nov 2024NOK 174.6bNOK 144.1bNOK 12.0b11.2x14.6x1.2x
Wed, 23 Oct 2024NOK 174.1bNOK 128.1bNOK 10.0b13.5x17.3x1.4x
Fri, 20 Sep 2024NOK 165.0bNOK 128.1bNOK 10.0b12.5x16.4x1.3x
Sun, 18 Aug 2024NOK 157.6bNOK 128.1bNOK 10.0b11.9x15.7x1.2x
Tue, 16 Jul 2024NOK 159.2bNOK 124.5bNOK 9.7b12.1x16.4x1.3x
Thu, 13 Jun 2024NOK 159.5bNOK 126.6bNOK 8.3b15.4x19.3x1.3x
Sat, 11 May 2024NOK 162.5bNOK 126.6bNOK 8.3b15.4x19.6x1.3x
Mon, 08 Apr 2024NOK 141.6bNOK 106.1bNOK 8.9b12.5x15.9x1.3x
Wed, 06 Mar 2024NOK 144.0bNOK 121.3bNOK 8.9b12.7x16.2x1.2x
Fri, 02 Feb 2024NOK 144.4bNOK 159.0bNOK 8.5b14.6x16.9x0.9x
Sun, 31 Dec 2023NOK 148.8bNOK 157.8bNOK 9.3b16.3x16x0.9x
Tue, 28 Nov 2023NOK 148.5bNOK 157.8bNOK 9.3b16.7x16x0.9x
Thu, 26 Oct 2023NOK 135.4bNOK 155.6bNOK 9.4b14.7x14.4x0.9x
Sat, 23 Sep 2023NOK 134.4bNOK 154.1bNOK 9.5b14.6x14.2x0.9x
Mon, 21 Aug 2023NOK 131.3bNOK 154.1bNOK 9.5b14.2x13.9x0.9x
Wed, 19 Jul 2023NOK 130.0bNOK 153.0bNOK 8.7b14.7x14.9x0.9x
Fri, 16 Jun 2023NOK 139.1bNOK 93.3bNOK 8.4b15.8x16.6x1.5x
Sun, 14 May 2023NOK 140.6bNOK 58.4bNOK 8.4b15.7x16.8x2.4x
Tue, 11 Apr 2023NOK 136.2bNOK 55.4bNOK 7.8b16x17.5x2.5x
Thu, 09 Mar 2023NOK 143.8bNOK 55.4bNOK 7.8b16.7x18.5x2.6x
Sat, 04 Feb 2023NOK 144.4bNOK 61.0bNOK 8.0b15.7x18x2.4x
Mon, 02 Jan 2023NOK 146.1bNOK 60.6bNOK 8.8b16.8x16.6x2.4x
Wed, 30 Nov 2022NOK 144.7bNOK 60.6bNOK 8.8b16.4x16.4x2.4x
Fri, 28 Oct 2022NOK 141.5bNOK 60.7bNOK 8.8b16.6x16.1x2.3x
Sun, 25 Sep 2022NOK 143.6bNOK 71.0bNOK 9.4b16.1x15.3x2x
Tue, 23 Aug 2022NOK 149.1bNOK 71.0bNOK 9.4b16.7x15.9x2.1x
Thu, 21 Jul 2022NOK 146.0bNOK 71.0bNOK 9.4b16.3x15.6x2.1x
Sat, 18 Jun 2022NOK 142.8bNOK 117.5bNOK 11.3b13.7x12.6x1.2x
Mon, 16 May 2022NOK 146.8bNOK 117.5bNOK 11.3b13.8x13x1.2x
Wed, 13 Apr 2022NOK 158.1bNOK 158.5bNOK 11.3b13x14x1x
Fri, 11 Mar 2022NOK 153.2bNOK 159.1bNOK 11.3b12.1x13.5x1x
Sun, 06 Feb 2022NOK 162.7bNOK 150.4bNOK 11.6b11.2x14.1x1.1x
Tue, 04 Jan 2022NOK 155.7bNOK 149.5bNOK 11.0b10.1x14.2x1x
Thu, 02 Dec 2021NOK 151.4bNOK 149.5bNOK 11.0b9.7x13.8x1x
Price to Earnings Ratio

13.8x


Total Market Cap: NOK 151.4bTotal Earnings: NOK 11.0bTotal Revenue: NOK 149.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Insurance Industry Price to Earnings3Y Average 15.8x202220232024
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 15.8x.
  • The 3-year average PS ratio of 1.5x is higher than the industry's current PS ratio of 1.2x.
Past Earnings Growth
  • The earnings for companies in the Insurance industry have grown 2.9% 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 Norwegian Financials industry?

NO Market1.06%
Financials-0.06%
Insurance0.18%
Life and Health Insurance1.57%
Insurance Brokers0%
Property and Casualty Insurance0%
Reinsurance0%
General Insurance-0.43%
Industry PE
  • Investors are most optimistic about the General Insurance industry, which is trading close to its 3-year average PE ratio of 17.0x.
    • Analysts are expecting annual earnings growth of 10.1%, which is lower than the prior year's growth of 25.3% per year.
  • Investors are most pessimistic about the Life and Health Insurance industry, which is trading below its 3-year average of 13.7x.
Forecasted Growth
  • Analysts are most optimistic on the General Insurance industry, expecting annual earnings growth of 10% over the next 5 years.
  • However this is lower than its past earnings growth rate of 25% per year.
  • In contrast, the Life and Health Insurance industry is expected to see its earnings decline by 7.9% 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 123.301.6%
+NOK 724.3m		32.5%PE10.5x
INSR InsrNOK 0.2547.1%
+NOK 19.7m		n/aPE1.4x
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Latest News

STB

NOK 123.30

Storebrand

7D

1.6%

1Y

32.5%

PROT

NOK 282.00

Protector Forsikring

7D

-0.5%

1Y

46.3%

GJF

NOK 195.50

Gjensidige Forsikring

7D

-0.4%

1Y

6.9%

INSR

NOK 0.25

Insr

7D

47.1%

1Y

n/a