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Taiwanese (TAIEX) Insurance Industry Analysis

UpdatedDec 02, 2024
DataAggregated Company Financials
Companies14
  • 7D-1.3%
  • 3M-0.9%
  • 1Y40.9%
  • YTD41.0%

Over the last 7 days, the Insurance industry has dropped 1.3%, driven by pullbacks in Shin Kong Financial Holding and Fubon Financial Holding of 1.3% and 0.4%, respectively. In the past year, the industry has gained 41%. In the next few years earnings are forecast to be pretty stable.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 03 Dec 2024NT$2.8tNT$2.5tNT$260.3b10x10.9x1.1x
Thu, 31 Oct 2024NT$2.9tNT$2.1tNT$249.7b11x11.7x1.4x
Sat, 28 Sep 2024NT$2.9tNT$2.1tNT$249.7b10.6x11.6x1.3x
Mon, 26 Aug 2024NT$2.7tNT$2.2tNT$208.5b11.2x13x1.3x
Wed, 24 Jul 2024NT$2.6tNT$2.0tNT$192.8b10.9x13.7x1.3x
Fri, 21 Jun 2024NT$2.5tNT$2.0tNT$192.8b10.7x12.9x1.2x
Sun, 19 May 2024NT$2.4tNT$2.2tNT$128.4b10.8x18.4x1.1x
Tue, 16 Apr 2024NT$2.1tNT$2.3tNT$119.4b10.2x17.5x0.9x
Thu, 14 Mar 2024NT$2.2tNT$2.1tNT$70.2b13.2x31.3x1.1x
Sat, 10 Feb 2024NT$1.8tNT$2.0tNT$49.6b14.3x37.1x0.9x
Mon, 08 Jan 2024NT$1.8tNT$2.0tNT$49.6b15.4x37.1x0.9x
Wed, 06 Dec 2023NT$1.9tNT$2.0tNT$39.0b15.4x47.8x0.9x
Fri, 03 Nov 2023NT$2.0tNT$1.9tNT$28.9b14.7x68.8x1.1x
Sun, 01 Oct 2023NT$1.9tNT$1.9tNT$28.9b15.7x66.2x1x
Tue, 29 Aug 2023NT$1.9tNT$1.8tNT$25.2b14.5x76.8x1.1x
Thu, 27 Jul 2023NT$1.9tNT$1.8tNT$8.0b17.7x242.7x1.1x
Sat, 24 Jun 2023NT$2.0tNT$1.6tNT$8.0b17.9x248x1.2x
Mon, 22 May 2023NT$2.0tNT$1.6tNT$85.4b15.6x23.4x1.3x
Wed, 19 Apr 2023NT$1.9tNT$1.2tNT$88.5b14.8x21.8x1.7x
Fri, 17 Mar 2023NT$1.7tNT$1.4tNT$185.0b11.1x9.1x1.2x
Sun, 12 Feb 2023NT$1.9tNT$1.6tNT$205.6b9.1x9.4x1.2x
Tue, 10 Jan 2023NT$1.9tNT$1.6tNT$205.6b9x9.4x1.2x
Thu, 08 Dec 2022NT$1.8tNT$1.6tNT$208.7b8.4x8.7x1.1x
Sat, 05 Nov 2022NT$1.7tNT$2.3tNT$264.6b7x6.3x0.7x
Mon, 03 Oct 2022NT$1.6tNT$2.3tNT$265.1b7.2x5.9x0.7x
Wed, 31 Aug 2022NT$1.8tNT$2.7tNT$299.5b7.7x6.1x0.7x
Fri, 29 Jul 2022NT$1.8tNT$2.7tNT$309.6b7.1x5.7x0.6x
Sun, 26 Jun 2022NT$2.0tNT$2.7tNT$309.6b7.9x6.5x0.7x
Tue, 24 May 2022NT$2.0tNT$2.9tNT$337.7b8.3x6x0.7x
Thu, 21 Apr 2022NT$2.5tNT$3.0tNT$350.7b8.8x7x0.8x
Sat, 19 Mar 2022NT$2.6tNT$3.6tNT$378.9b8.8x6.9x0.7x
Mon, 14 Feb 2022NT$2.7tNT$3.6tNT$374.1b9.2x7.2x0.8x
Wed, 12 Jan 2022NT$2.7tNT$3.6tNT$374.1b9x7.2x0.7x
Fri, 10 Dec 2021NT$2.5tNT$3.6tNT$374.1b8.6x6.6x0.7x
Price to Earnings Ratio

6.6x


Total Market Cap: NT$2.5tTotal Earnings: NT$374.1bTotal Revenue: NT$3.6tTotal 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 10.9x which is lower than its 3-year average PE of 36.6x.
  • The industry is trading close to its 3-year average PS ratio of 1.0x.
Past Earnings Growth
  • The earnings for companies in the Insurance industry have declined 11% per year over the last three years,
  • Revenues have also declined 11% 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-2.63%
Financials-0.59%
Insurance-1.27%
Property and Casualty Insurance0.56%
Reinsurance0%
Insurance Brokers-0.43%
Life and Health Insurance-1.31%
General Insurance-6.18%
Industry PE
  • Investors are most optimistic about the Insurance Brokers industry, which is trading close to its 3-year average PE ratio of 19.0x.
    • 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
  • Despite it being negative, analysts are least pessimistic on the Life and Health Insurance industry since they expect its earnings to decline by only 0.8% per year over the next 5 years, which isn't as bad as the other industries.
  • This is a reversal from its past annual earnings growth rate of 129% per year.
  • 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
2882 Cathay Financial HoldingNT$67.600.4%
+NT$4.4b		46.2%PE11.1x
2883 KGI Financial HoldingNT$17.550.6%
+NT$1.8b		42.1%PE10.8x
2852 First InsuranceNT$25.102.2%
+NT$170.6m		37.9%PE8.6x
2832 Taiwan Fire & Marine InsuranceNT$28.951.4%
+NT$144.9m		16.3%PE9.4x
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2883

NT$17.55

KGI Financial Holding

7D

0.6%

1Y

42.1%

2882

NT$67.60

Cathay Financial Holding

7D

0.4%

1Y

46.2%

2881

NT$89.60

Fubon Financial Holding

7D

-1.0%

1Y

46.1%

2888

NT$11.60

Shin Kong Financial Holding

7D

-1.3%

1Y

29.6%

2905

NT$16.10

Mercuries & Associates Holding

7D

-4.7%

1Y

17.5%

2867

NT$6.55

Mercuries Life Insurance

7D

-3.2%

1Y

28.2%

2852

NT$25.10

First Insurance

7D

2.2%

1Y

37.9%

2850

NT$99.80

Shinkong Insurance

7D

-1.7%

1Y

45.7%

2816

NT$32.10

Union Insurance

7D

-0.5%

1Y

-15.1%

2832

NT$28.95

Taiwan Fire & Marine Insurance

7D

1.4%

1Y

16.3%

2851

NT$25.95

Central Reinsurance

7D

-1.7%

1Y

11.9%

6028

NT$130.50

Golden Insurance BrokersLtd

7D

-1.5%

1Y

90.5%