South African (JSE) Insurance Industry Analysis

UpdatedJul 19, 2026

DataAggregated Company Financials

Companies6

7D-0.5%
3M0.9%
1Y6.4%
YTD0.6%

Over the last 7 days, the Insurance industry has remained flat. The past year has been better, since the industry has gained 6.4% in that time. Earnings are forecast to grow by 11% annually.

Industry Valuation and Performance

Has the South African Insurance Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Sun, 19 Jul 2026	R632.5b	R620.3b	R50.0b	11.1x	12.6x	1x
Tue, 16 Jun 2026	R656.5b	R625.3b	R50.9b	11x	12.9x	1x
Thu, 14 May 2026	R616.6b	R625.3b	R50.9b	10.6x	12.1x	1x
Sat, 11 Apr 2026	R626.5b	R625.3b	R50.9b	10.9x	12.3x	1x
Mon, 09 Mar 2026	R631.5b	R585.8b	R52.2b	9.8x	12.1x	1.1x
Wed, 04 Feb 2026	R666.1b	R582.0b	R51.2b	11.2x	13x	1.1x
Fri, 02 Jan 2026	R636.7b	R582.0b	R51.2b	10.5x	12.4x	1.1x
Sun, 30 Nov 2025	R610.0b	R582.0b	R51.2b	9.8x	11.9x	1x
Tue, 28 Oct 2025	R612.0b	R582.0b	R51.2b	9.9x	12x	1.1x
Thu, 25 Sep 2025	R577.8b	R582.0b	R51.2b	9.1x	11.3x	1x
Sat, 23 Aug 2025	R607.7b	R538.6b	R48.6b	10x	12.5x	1.1x
Mon, 21 Jul 2025	R599.4b	R538.6b	R48.6b	9.7x	12.3x	1.1x
Wed, 18 Jun 2025	R593.5b	R538.6b	R48.6b	9.5x	12.2x	1.1x
Fri, 16 May 2025	R586.4b	R538.6b	R48.6b	9.7x	12.1x	1.1x
Sun, 13 Apr 2025	R510.5b	R538.6b	R48.6b	8.3x	10.5x	0.9x
Tue, 11 Mar 2025	R538.1b	R530.5b	R47.0b	11.3x	11.4x	1x
Thu, 06 Feb 2025	R526.6b	R499.5b	R42.9b	12.4x	12.3x	1.1x
Sat, 04 Jan 2025	R555.3b	R499.5b	R42.9b	12.2x	12.9x	1.1x
Mon, 02 Dec 2024	R552.6b	R499.5b	R42.9b	14.2x	12.9x	1.1x
Wed, 30 Oct 2024	R533.0b	R499.5b	R42.9b	12.2x	12.4x	1.1x
Fri, 27 Sep 2024	R530.9b	R572.9b	R43.7b	13x	12.2x	0.9x
Sun, 25 Aug 2024	R488.3b	R587.7b	R34.6b	15.2x	14.1x	0.8x
Tue, 23 Jul 2024	R453.2b	R587.7b	R34.6b	14.2x	13.1x	0.8x
Thu, 20 Jun 2024	R457.3b	R587.7b	R34.6b	14.1x	13.2x	0.8x
Sat, 18 May 2024	R410.8b	R587.7b	R34.6b	13.1x	11.9x	0.7x
Mon, 15 Apr 2024	R376.9b	R587.7b	R34.6b	11.3x	10.9x	0.6x
Wed, 13 Mar 2024	R427.6b	R598.6b	R33.9b	13.3x	12.6x	0.7x
Fri, 09 Feb 2024	R426.3b	R560.1b	R33.8b	12.2x	12.6x	0.8x
Sun, 07 Jan 2024	R427.3b	R560.1b	R33.8b	11.8x	12.7x	0.8x
Tue, 05 Dec 2023	R418.1b	R560.1b	R33.8b	11.9x	12.4x	0.7x
Thu, 02 Nov 2023	R405.6b	R560.1b	R33.8b	11.6x	12x	0.7x
Sat, 30 Sep 2023	R414.4b	R550.6b	R34.2b	12.5x	12.1x	0.8x
Mon, 28 Aug 2023	R418.0b	R386.2b	R33.7b	12.6x	12.4x	1.1x
Wed, 26 Jul 2023	R414.2b	R386.2b	R33.7b	12.4x	12.3x	1.1x

Price to Earnings Ratio

12.3x

Wed, 26 Jul 2023

Current Industry PE

Investors are relatively neutral on the South African 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 12.3x.

The industry is trading close to its 3-year average PS ratio of 0.95x.

Past Earnings Growth

The earnings for companies in the Insurance industry have grown 14% per year over the last three years.
Revenues for these companies have grown 17% per year.
This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the South African Financials industry?


ZA Market	-0.62%
Financials	-0.063%
Insurance	-0.48%
Property and Casualty Insurance	1.45%
Insurance Brokers	0%	0
General Insurance	0%	0
Life and Health Insurance	-1.18%

Industry PE

Investors are most optimistic about the Property and Casualty Insurance industry, which is trading close to its 3-year average PE ratio of 18.6x.

Analysts are expecting annual earnings growth of 11.7%, which is lower than the prior year's growth of 14.5% per year.

Investors are most pessimistic about the Life and Health Insurance industry, which is trading close to its 3-year average of 11.1x.

Forecasted Growth

Analysts are most optimistic on the Property and Casualty Insurance industry, expecting annual earnings growth of 12% over the next 5 years.
This is roughly in line with its past earnings growth rate.