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Taiwanese (TAIEX) Insurance Industry Analysis

UpdatedNov 24, 2024
DataAggregated Company Financials
Companies14
  • 7D-0.6%
  • 3M5.0%
  • 1Y42.2%
  • YTD42.8%

Last week, the Insurance industry hasn't moved much but Shin Kong Financial Holding is up 3.5% in that time. As for the the longer term, the industry is up 42% over the past 12 months. Looking forward, earnings are forecast to grow by 1.5% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 24 Nov 2024NT$2.9tNT$2.2tNT$240.9b10.1x11.9x1.3x
Tue, 22 Oct 2024NT$3.1tNT$2.1tNT$249.7b11x12.3x1.4x
Thu, 19 Sep 2024NT$2.7tNT$2.1tNT$249.7b10.3x11x1.3x
Sat, 17 Aug 2024NT$2.8tNT$2.1tNT$199.6b12.3x13.9x1.3x
Mon, 15 Jul 2024NT$2.8tNT$2.0tNT$192.8b11.4x14.6x1.4x
Wed, 12 Jun 2024NT$2.5tNT$2.0tNT$192.8b10.8x12.8x1.2x
Fri, 10 May 2024NT$2.2tNT$2.3tNT$119.7b10.8x18.4x1x
Sun, 07 Apr 2024NT$2.1tNT$2.3tNT$119.3b9.8x17.5x0.9x
Tue, 05 Mar 2024NT$1.9tNT$2.0tNT$51.2b15x36.9x0.9x
Thu, 01 Feb 2024NT$1.8tNT$2.0tNT$49.6b14.4x37.1x0.9x
Sat, 30 Dec 2023NT$1.9tNT$2.0tNT$49.6b15.8x37.9x0.9x
Mon, 27 Nov 2023NT$1.9tNT$2.0tNT$39.3b15.3x47.8x1x
Wed, 25 Oct 2023NT$2.0tNT$1.9tNT$28.9b14.9x68x1x
Fri, 22 Sep 2023NT$1.9tNT$1.9tNT$28.9b15.7x66.7x1x
Sun, 20 Aug 2023NT$1.9tNT$1.7tNT$9.9b14.3x192.5x1.1x
Tue, 18 Jul 2023NT$1.9tNT$1.8tNT$8.0b17.7x242.4x1.1x
Thu, 15 Jun 2023NT$2.0tNT$1.6tNT$8.0b17.9x249.5x1.2x
Sat, 13 May 2023NT$1.9tNT$1.2tNT$88.4b15.1x21.6x1.7x
Mon, 10 Apr 2023NT$1.9tNT$1.2tNT$88.5b14.4x21.3x1.6x
Wed, 08 Mar 2023NT$2.0tNT$1.6tNT$197.3b9.4x9.9x1.2x
Fri, 03 Feb 2023NT$2.0tNT$1.6tNT$205.6b9.8x9.9x1.3x
Sun, 01 Jan 2023NT$1.8tNT$1.6tNT$205.6b8.6x8.9x1.1x
Tue, 29 Nov 2022NT$1.8tNT$1.9tNT$241.3b7.5x7.5x0.9x
Thu, 27 Oct 2022NT$1.6tNT$2.3tNT$265.1b6.6x6.1x0.7x
Sat, 24 Sep 2022NT$1.7tNT$2.2tNT$265.1b7.3x6.3x0.7x
Mon, 22 Aug 2022NT$1.9tNT$2.7tNT$302.1b7.7x6.4x0.7x
Wed, 20 Jul 2022NT$1.8tNT$2.7tNT$309.6b7.5x5.7x0.6x
Fri, 17 Jun 2022NT$2.0tNT$2.7tNT$309.6b7.9x6.5x0.7x
Sun, 15 May 2022NT$2.1tNT$3.0tNT$350.5b8.7x6x0.7x
Tue, 12 Apr 2022NT$2.5tNT$2.7tNT$353.6b9.1x7.1x0.9x
Thu, 10 Mar 2022NT$2.5tNT$3.6tNT$378.4b8.5x6.5x0.7x
Sat, 05 Feb 2022NT$2.6tNT$3.6tNT$374.1b8.8x7x0.7x
Mon, 03 Jan 2022NT$2.6tNT$3.6tNT$374.1b9.2x6.9x0.7x
Wed, 01 Dec 2021NT$2.3tNT$3.4tNT$379.2b10.4x6.2x0.7x
Price to Earnings Ratio

6.2x


Total Market Cap: NT$2.3tTotal Earnings: NT$379.2bTotal Revenue: NT$3.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Taiwanese Insurance Industry Price to Earnings3Y Average 36.6x202220232024
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 11.9x which is lower than its 3-year average PE of 36.6x.
  • The 3-year average PS ratio of 1.0x is lower than the industry's current PS ratio of 1.3x.
Past Earnings Growth
  • The earnings for companies in the Insurance industry have declined 13% 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 Market0.76%
Financials0.47%
Insurance-0.57%
General Insurance3.00%
Property and Casualty Insurance0.74%
Insurance Brokers0.64%
Reinsurance0.39%
Life and Health Insurance-0.61%
Industry PE
  • Investors are most optimistic about the Insurance Brokers industry, which is trading close to its 3-year average PE ratio of 18.9x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Reinsurance industry, which is trading below its 3-year average of 19.6x.
Forecasted Growth
  • Analysts are most optimistic on the Life and Health Insurance industry, expecting annual earnings growth of 1.5% over the next 5 years.
  • In contrast, the Life and Health Insurance industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
2888 Shin Kong Financial HoldingNT$11.703.5%
+NT$7.0b		28.7%PE10.5x
2883 KGI Financial HoldingNT$17.200.9%
+NT$2.8b		37.1%PE12.6x
5859 Farglory Life InsuranceNT$16.551.0%
+NT$218.4m		48.9%PE3.3x
2850 Shinkong InsuranceNT$99.800.5%
+NT$158.0m		42.6%PE9.7x
2816 Union InsuranceNT$31.951.8%
+NT$123.0m		-13.6%PE7.2x
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Latest News

2888

NT$11.70

Shin Kong Financial Holding

7D

3.5%

1Y

28.7%

2905

NT$16.10

Mercuries & Associates Holding

7D

-3.6%

1Y

17.5%

2867

NT$6.68

Mercuries Life Insurance

7D

-4.4%

1Y

31.5%

2852

NT$24.35

First Insurance

7D

1.0%

1Y

34.2%

2850

NT$99.80

Shinkong Insurance

7D

0.5%

1Y

42.6%

2881

NT$89.30

Fubon Financial Holding

7D

-1.9%

1Y

46.7%

2882

NT$66.80

Cathay Financial Holding

7D

-0.1%

1Y

44.3%

There's No Escaping Cathay Financial Holding Co., Ltd.'s (TWSE:2882) Muted Earnings

Nov 13
There's No Escaping Cathay Financial Holding Co., Ltd.'s (TWSE:2882) Muted Earnings

2883

NT$17.20

KGI Financial Holding

7D

0.9%

1Y

37.1%

2816

NT$31.95

Union Insurance

7D

1.8%

1Y

-13.6%

2851

NT$25.80

Central Reinsurance

7D

0.4%

1Y

12.7%

6028

NT$137.50

Golden Insurance BrokersLtd

7D

3.0%

1Y

116.5%

5859

NT$16.55

Farglory Life Insurance

7D

1.0%

1Y

48.9%