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Taiwanese (TAIEX) Insurance Industry Analysis

UpdatedApr 26, 2024
DataAggregated Company Financials
Companies14
  • 7D0.4%
  • 3M6.1%
  • 1Y15.8%
  • YTD4.8%

In the last week, the Insurance industry is up 2.1%, with Shin Kong Financial Holding up 1.6%. In the same time, Golden Insurance BrokersLtd was down 6.0%. This means that the industry has gained 17% over the past year. Looking forward, earnings are forecast to grow by 27% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 26 Apr 2024NT$2.1tNT$2.3tNT$119.4b10.5x17.4x0.9x
Sun, 24 Mar 2024NT$2.1tNT$2.3tNT$119.3b9.8x17.7x0.9x
Tue, 20 Feb 2024NT$1.9tNT$2.0tNT$49.6b15x37.9x0.9x
Thu, 18 Jan 2024NT$1.8tNT$2.0tNT$49.6b14.2x36.2x0.9x
Sat, 16 Dec 2023NT$1.9tNT$2.0tNT$49.6b16x38x0.9x
Mon, 13 Nov 2023NT$2.0tNT$1.9tNT$29.0b15.1x69.3x1.1x
Wed, 11 Oct 2023NT$1.9tNT$1.9tNT$28.9b15.4x66x1x
Fri, 08 Sep 2023NT$1.9tNT$1.5tNT$32.5b15.8x59.9x1.3x
Sun, 06 Aug 2023NT$2.0tNT$1.8tNT$8.0b18x245.6x1.1x
Tue, 04 Jul 2023NT$2.0tNT$1.7tNT$8.0b17.7x245x1.2x
Thu, 01 Jun 2023NT$2.0tNT$1.6tNT$7.6b16.9x261x1.2x
Sat, 29 Apr 2023NT$1.9tNT$1.2tNT$88.4b15.1x21.7x1.7x
Mon, 27 Mar 2023NT$1.7tNT$1.0tNT$87.0b14x19.8x1.6x
Wed, 22 Feb 2023NT$2.0tNT$1.6tNT$205.6b9.4x9.7x1.2x
Fri, 20 Jan 2023NT$1.9tNT$1.6tNT$205.6b9x9.4x1.2x
Sun, 18 Dec 2022NT$1.8tNT$1.6tNT$205.6b8.3x8.6x1.1x
Tue, 15 Nov 2022NT$1.8tNT$2.2tNT$264.0b7.4x6.8x0.8x
Thu, 13 Oct 2022NT$1.6tNT$2.3tNT$265.1b7x5.9x0.7x
Sat, 10 Sep 2022NT$1.8tNT$2.3tNT$260.6b7.4x6.8x0.8x
Mon, 08 Aug 2022NT$1.8tNT$2.7tNT$309.6b7.3x5.9x0.7x
Wed, 06 Jul 2022NT$1.9tNT$2.7tNT$309.6b7.6x6.1x0.7x
Fri, 03 Jun 2022NT$2.1tNT$2.7tNT$309.6b8.4x6.8x0.8x
Sun, 01 May 2022NT$2.4tNT$3.0tNT$350.7b8.7x6.9x0.8x
Tue, 29 Mar 2022NT$2.5tNT$2.8tNT$361.1b9x6.8x0.9x
Thu, 24 Feb 2022NT$2.7tNT$3.6tNT$374.1b9.1x7.1x0.7x
Sat, 22 Jan 2022NT$2.6tNT$3.6tNT$374.1b8.9x7.1x0.7x
Mon, 20 Dec 2021NT$2.5tNT$3.6tNT$374.1b8.4x6.6x0.7x
Wed, 17 Nov 2021NT$2.3tNT$3.7tNT$357.2b8.8x6.5x0.6x
Fri, 15 Oct 2021NT$2.2tNT$3.7tNT$354.5b7.9x6.1x0.6x
Sun, 12 Sep 2021NT$2.2tNT$3.7tNT$354.6b7.8x6.3x0.6x
Tue, 10 Aug 2021NT$2.1tNT$3.7tNT$354.6b7.8x5.8x0.6x
Mon, 03 May 2021NT$1.9tNT$3.7tNT$295.0b8.1x6.4x0.5x
Price to Earnings Ratio

6.4x


Total Market Cap: NT$1.9tTotal Earnings: NT$295.0bTotal Revenue: NT$3.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Taiwanese Insurance Industry Price to Earnings3Y Average 35.3x202220232024
Current Industry PE
  • Investors are pessimistic on the Taiwanese 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 17.5x which is lower than its 3-year average PE of 35.3x.
  • The industry is trading close to its 3-year average PS ratio of 0.90x.
Past Earnings Growth
  • The earnings for companies in the Insurance industry have declined 26% per year over the last three years,
  • Revenues have also declined 15% 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 Taiwanese Financials industry?

TW Market-2.26%
Financials-0.30%
Insurance0.40%
Reinsurance5.94%
Property and Casualty Insurance2.17%
Life and Health Insurance0.30%
Insurance Brokers0.10%
General Insurance-5.96%
Industry PE
  • Investors are most optimistic about the Insurance Brokers industry which is trading above its 3-year average PE ratio of 17.7x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Property and Casualty Insurance industry, which is trading close to its 3-year average of 10.4x.
Forecasted Growth
  • Analysts are most optimistic on the Life and Health Insurance industry, expecting annual earnings growth of 27% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Life and Health Insurance industry is expected to see its earnings grow by 27% 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
2883 China Development Financial HoldingNT$13.502.3%
+NT$26.4b		3.1%PE13.1x
2881 Fubon Financial HoldingNT$66.402.2%
+NT$18.2b		18.2%PE13.8x
2882 Cathay Financial HoldingNT$48.552.3%
+NT$16.1b		14.4%PE15x
2888 Shin Kong Financial HoldingNT$8.353.5%
+NT$4.4b		-0.4%PS0.5x
2851 Central ReinsuranceNT$26.757.0%
+NT$1.4b		47.0%PE10.2x
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Latest News

2883

NT$13.50

China Development Financial Holding

7D

2.3%

1Y

3.1%

Lacklustre Performance Is Driving China Development Financial Holding Corporation's (TWSE:2883) Low P/E

Apr 18
Lacklustre Performance Is Driving China Development Financial Holding Corporation's (TWSE:2883) Low P/E

2881

NT$66.40

Fubon Financial Holding

7D

2.2%

1Y

18.2%

Fubon Financial Holding Co., Ltd. (TWSE:2881) Might Not Be As Mispriced As It Looks

Apr 12
Fubon Financial Holding Co., Ltd. (TWSE:2881) Might Not Be As Mispriced As It Looks

2850

NT$96.20

Shinkong Insurance

7D

4.8%

1Y

87.2%

6028

NT$75.70

Golden Insurance BrokersLtd

7D

-1.0%

1Y

54.8%

2905

NT$14.10

Mercuries & Associates Holding

7D

6.4%

1Y

-6.9%

2867

NT$5.80

Mercuries Life Insurance

7D

3.6%

1Y

10.3%

2851

NT$26.75

Central Reinsurance

7D

7.0%

1Y

47.0%

2882

NT$48.55

Cathay Financial Holding

7D

2.3%

1Y

14.4%

2888

NT$8.35

Shin Kong Financial Holding

7D

3.5%

1Y

-0.4%