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South African (JSE) Insurance Industry Analysis

UpdatedDec 03, 2024
DataAggregated Company Financials
Companies7
  • 7D0.6%
  • 3M15.9%
  • 1Y35.7%
  • YTD30.7%

The Insurance industry has stayed flat over the last week. As for the the longer term, the industry is up 36% over the past 12 months. Looking forward, earnings are forecast to grow by 7.9% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 03 Dec 2024R561.2bR499.5bR42.9b13.2x13.1x1.1x
Thu, 31 Oct 2024R534.5bR499.5bR42.9b12.1x12.4x1.1x
Sat, 28 Sep 2024R540.5bR573.0bR43.6b12.7x12.4x0.9x
Mon, 26 Aug 2024R488.3bR587.7bR34.6b15.2x14.1x0.8x
Wed, 24 Jul 2024R448.7bR587.7bR34.6b14.1x13x0.8x
Fri, 21 Jun 2024R448.1bR587.7bR34.6b14x12.9x0.8x
Sun, 19 May 2024R410.8bR587.7bR34.6b13.1x11.9x0.7x
Tue, 16 Apr 2024R375.9bR587.7bR34.6b11.2x10.9x0.6x
Thu, 14 Mar 2024R427.5bR598.6bR33.9b13.4x12.6x0.7x
Sat, 10 Feb 2024R423.3bR560.1bR33.8b12.3x12.5x0.8x
Mon, 08 Jan 2024R427.3bR560.1bR33.8b11.8x12.7x0.8x
Wed, 06 Dec 2023R416.0bR560.1bR33.8b11.7x12.3x0.7x
Fri, 03 Nov 2023R421.0bR560.1bR33.8b11.9x12.5x0.8x
Sun, 01 Oct 2023R414.4bR556.9bR33.8b12.5x12.3x0.7x
Tue, 29 Aug 2023R422.4bR386.2bR33.7b12.7x12.5x1.1x
Thu, 27 Jul 2023R415.9bR386.2bR33.7b12.4x12.4x1.1x
Sat, 24 Jun 2023R379.3bR386.2bR33.7b10.6x11.3x1x
Mon, 22 May 2023R352.1bR386.2bR33.7b9.6x10.5x0.9x
Wed, 19 Apr 2023R372.2bR386.2bR33.7b10.3x11.1x1x
Fri, 17 Mar 2023R366.5bR412.8bR34.2b10x10.7x0.9x
Sun, 12 Feb 2023R383.9bR463.2bR33.4b10.2x11.5x0.8x
Tue, 10 Jan 2023R362.6bR463.2bR33.4b9.5x10.9x0.8x
Thu, 08 Dec 2022R339.6bR463.2bR33.4b9.2x10.2x0.7x
Sat, 05 Nov 2022R340.6bR463.2bR33.4b9.7x10.2x0.7x
Mon, 03 Oct 2022R321.5bR463.2bR33.4b9.3x9.6x0.7x
Wed, 31 Aug 2022R344.1bR734.3bR26.3b11.9x13.1x0.5x
Fri, 29 Jul 2022R347.3bR734.3bR26.3b11.9x13.2x0.5x
Sun, 26 Jun 2022R355.4bR734.3bR26.3b11.9x13.5x0.5x
Tue, 24 May 2022R382.5bR734.3bR26.3b13.9x14.5x0.5x
Thu, 21 Apr 2022R406.2bR734.3bR26.3b14.8x15.4x0.6x
Sat, 19 Mar 2022R481.6bR779.3bR28.5b19.5x16.9x0.6x
Mon, 14 Feb 2022R478.4bR721.1bR22.8b23.5x21x0.7x
Wed, 12 Jan 2022R446.8bR721.1bR22.8b22.6x19.6x0.6x
Fri, 10 Dec 2021R426.8bR721.1bR22.8b21.8x18.7x0.6x
Price to Earnings Ratio

18.7x


Total Market Cap: R426.8bTotal Earnings: R22.8bTotal Revenue: R721.1bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Insurance Industry Price to Earnings3Y Average 12.9x202220232024
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 12.9x.
  • The 3-year average PS ratio of 0.76x is lower than the industry's current PS ratio of 1.1x.
Past Earnings Growth
  • The earnings for companies in the Insurance industry have grown 23% per year over the last three years.
  • Meanwhile revenues for these companies have declined 12% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

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

ZA Market0.54%
Financials-0.59%
Insurance0.61%
Life and Health Insurance1.28%
Insurance Brokers0%
General Insurance0%
Reinsurance0%
Property and Casualty Insurance-1.31%
Industry PE
  • Investors are most optimistic about the Property and Casualty Insurance industry which is trading above its 3-year average PE ratio of 15.9x.
    • Analysts are expecting annual earnings growth of 9.1%, which is lower than the prior year's growth of 22.9% per year.
  • Investors are most pessimistic about the Life and Health Insurance industry, which is trading close to its 3-year average of 12.4x.
Forecasted Growth
  • Analysts are most optimistic on the Property and Casualty Insurance industry, expecting annual earnings growth of 9.1% over the next 5 years.
  • However this is lower than its past earnings growth rate of 23% per year.
  • In contrast, the Life and Health Insurance industry is expected to see its earnings grow by 7.5% 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
SLM SanlamR90.312.2%
+R3.9b		30.4%PE11.2x
MTM Momentum GroupR30.821.7%
+R707.3m		50.2%PE10.9x
DSY DiscoveryR195.500.3%
+R429.7m		44.8%PE18.1x
OMU Old MutualR12.950.7%
+R392.1m		8.2%PE7.1x
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R377.00

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1Y

31.1%

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7D

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R64.90

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7D

-1.6%

1Y

53.3%

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R13.00

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7D

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26.2%

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R90.31

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