Header cover image

Taiwanese (TAIEX) Insurance Industry Analysis

UpdatedDec 03, 2023
DataAggregated Company Financials
Companies14
  • 7D-0.3%
  • 3M1.4%
  • 1Y6.1%
  • YTD13.8%

The Insurance is pretty flat in the last 7 days, but Union Insurance has stood out, gaining 3.1%. The past year has been better, since the industry has gained 6.1% in that time. Looking forward, earnings are forecast to grow by 45% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 03 Dec 2023NT$1.9tNT$1.8tNT$39.0b15.6x47.9x1x
Tue, 31 Oct 2023NT$2.0tNT$1.9tNT$28.9b14.7x67.7x1x
Thu, 28 Sep 2023NT$1.9tNT$1.9tNT$28.9b15.7x66.1x1x
Sat, 26 Aug 2023NT$1.9tNT$1.8tNT$14.3b14.5x132.9x1.1x
Mon, 24 Jul 2023NT$1.9tNT$1.8tNT$8.0b17.7x237.6x1.1x
Wed, 21 Jun 2023NT$2.0tNT$1.6tNT$8.0b18x247.3x1.2x
Fri, 19 May 2023NT$2.0tNT$1.2tNT$88.4b15.7x22.4x1.7x
Sun, 16 Apr 2023NT$1.9tNT$1.2tNT$88.5b15x21.8x1.7x
Tue, 14 Mar 2023NT$1.8tNT$1.4tNT$186.5b9.1x9.5x1.2x
Thu, 09 Feb 2023NT$1.9tNT$1.6tNT$205.6b9.2x9.4x1.2x
Sat, 07 Jan 2023NT$1.9tNT$1.6tNT$205.6b8.7x9.1x1.2x
Mon, 05 Dec 2022NT$1.9tNT$1.5tNT$208.7b8.6x9x1.2x
Wed, 02 Nov 2022NT$1.7tNT$2.3tNT$265.1b6.8x6.2x0.7x
Fri, 30 Sep 2022NT$1.6tNT$2.3tNT$265.1b7.2x6x0.7x
Sun, 28 Aug 2022NT$1.9tNT$2.7tNT$298.9b8x6.3x0.7x
Tue, 26 Jul 2022NT$1.8tNT$2.7tNT$309.6b7.1x5.9x0.7x
Thu, 23 Jun 2022NT$2.0tNT$2.7tNT$309.6b7.9x6.5x0.7x
Sat, 21 May 2022NT$2.1tNT$3.0tNT$343.7b8.3x6x0.7x
Mon, 18 Apr 2022NT$2.5tNT$3.0tNT$350.7b8.9x7.1x0.8x
Wed, 16 Mar 2022NT$2.5tNT$3.6tNT$378.4b8.6x6.7x0.7x
Fri, 11 Feb 2022NT$2.7tNT$3.6tNT$374.1b9.1x7.2x0.8x
Sun, 09 Jan 2022NT$2.6tNT$3.6tNT$374.1b9.1x6.9x0.7x
Tue, 07 Dec 2021NT$2.4tNT$3.6tNT$374.1b8.2x6.5x0.7x
Thu, 04 Nov 2021NT$2.3tNT$3.7tNT$354.5b8x6.4x0.6x
Sat, 02 Oct 2021NT$2.2tNT$3.7tNT$354.5b7.9x6.1x0.6x
Mon, 30 Aug 2021NT$2.2tNT$3.7tNT$354.6b8x6.3x0.6x
Tue, 06 Jul 2021NT$2.0tNT$3.7tNT$354.6b7.4x5.7x0.5x
Fri, 09 Apr 2021NT$1.7tNT$3.7tNT$295.0b7.4x5.8x0.5x
Thu, 31 Dec 2020NT$1.5tNT$3.7tNT$212.0b8.8x7x0.4x
Price to Earnings Ratio

7.2x


Total Market Cap: NT$1.4tTotal Earnings: NT$197.6bTotal Revenue: NT$3.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Taiwanese Insurance Industry Price to Earnings3Y Average 32.5x202120222023
Current Industry PE
  • Investors are optimistic on the Taiwanese Insurance industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 49.9x which is higher than its 3-year average PE of 32.5x.
  • The 3-year average PS ratio of 0.84x is lower than the industry's current PS ratio of 1.0x.
Past Earnings Growth
  • The earnings for companies in the Insurance industry have declined 43% per year over the last three years,
  • Revenues have also declined 23% 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 Market1.04%
Financials-0.17%
Insurance-0.35%
General Insurance3.62%
Reinsurance0.87%
Insurance Brokers0%
Property and Casualty Insurance-0.064%
Life and Health Insurance-0.37%
Industry PE
  • Investors are most optimistic about the Life and Health Insurance industry which is trading above its 3-year average PE ratio of 42.1x.
    • Analysts are expecting annual earnings growth of 44.9%, which is higher than its past year's earnings decline of 45.0% per year.
  • Investors are most pessimistic about the Property and Casualty Insurance industry, which is trading close to its 3-year average of 10.3x.
Forecasted Growth
  • Analysts are most optimistic on the Life and Health Insurance industry, expecting annual earnings growth of 45% over the next 5 years.
  • This is better than its past earnings decline of 45% per year.
  • In contrast, the Life and Health Insurance industry is expected to see its earnings grow by 45% 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
2816 Union InsuranceNT$38.153.1%
+NT$257.1m		146.9%PE16x
2851 Central ReinsuranceNT$23.100.9%
+NT$160.1m		19.7%PE10.8x
5859 Farglory Life InsuranceNT$12.050.4%
+NT$62.7m		-5.7%PS0.3x
2867 Mercuries Life InsuranceNT$5.090.2%
+NT$51.0m		-16.1%PS0.3x
6028 Golden Insurance BrokersLtdNT$65.803.6%
+NT$46.0m		36.8%PE15.6x
Simply Wall St™
Simply Wall Street Pty Ltd
Level 7, 320 Pitt Street, Sydney
Download on the App StoreGet it on Google Play
Popular Markets
USAUUKINCAZA
About UsCareersPlansLogin
Help CenterLatest CoveragePodcastsAffiliate ProgramBusiness & Enterprise
Financial Services GuideTerms and ConditionsPrivacy Policy
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Latest News

2882

NT$46.05

Cathay Financial Holding

7D

-0.5%

1Y

4.7%

2888

NT$8.94

Shin Kong Financial Holding

7D

-1.7%

1Y

0.9%

2905

NT$13.65

Mercuries & Associates Holding

7D

-0.4%

1Y

-15.2%

2851

NT$23.10

Central Reinsurance

7D

0.9%

1Y

19.7%

6028

NT$65.80

Golden Insurance BrokersLtd

7D

3.6%

1Y

36.8%

2867

NT$5.09

Mercuries Life Insurance

7D

0.2%

1Y

-16.1%

2881

NT$63.80

Fubon Financial Holding

7D

-0.2%

1Y

11.5%

2816

NT$38.15

Union Insurance

7D

3.1%

1Y

146.9%

5859

NT$12.05

Farglory Life Insurance

7D

0.4%

1Y

-5.7%

2850

NT$69.00

Shinkong Insurance

7D

-1.4%

1Y

39.0%

2852

NT$18.25

First Insurance

7D

0.6%

1Y

15.9%