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South African (JSE) Insurance Industry Analysis

UpdatedNov 30, 2022
DataAggregated Company Financials
Companies7
  • 7D-1.4%
  • 3M3.9%
  • 1Y-9.0%
  • YTD-15.7%

Over the last 7 days, the Insurance industry has dropped 1.4%, driven by Old Mutual declining 3.6%. However, the industry is down 9.0% over the past year. Looking forward, earnings are forecast to grow by 16% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 30 Nov 2022R348.8bR463.2bR33.4b9.9x10.4x0.8x
Fri, 28 Oct 2022R333.3bR463.2bR33.4b9.5x10x0.7x
Sun, 25 Sep 2022R327.8bR462.0bR34.4b9.4x9.5x0.7x
Tue, 23 Aug 2022R358.9bR734.3bR26.3b12.5x13.6x0.5x
Thu, 21 Jul 2022R340.6bR734.3bR26.3b11.7x12.9x0.5x
Sat, 18 Jun 2022R350.4bR734.3bR26.3b11.7x13.3x0.5x
Mon, 16 May 2022R375.9bR734.3bR26.3b13.4x14.3x0.5x
Wed, 13 Apr 2022R463.1bR735.3bR26.2b15.3x17.7x0.6x
Fri, 11 Mar 2022R453.7bR727.3bR25.6b19.7x17.7x0.6x
Sun, 06 Feb 2022R464.6bR721.1bR22.8b23.8x20.4x0.6x
Tue, 04 Jan 2022R439.0bR721.1bR22.8b22.6x19.2x0.6x
Thu, 02 Dec 2021R413.9bR721.1bR22.8b21.1x18.1x0.6x
Sat, 30 Oct 2021R441.1bR720.9bR22.7b21.1x19.5x0.6x
Mon, 27 Sep 2021R430.3bR720.9bR22.7b20.3x19x0.6x
Wed, 25 Aug 2021R419.4bR719.9bR21.2b21.9x19.7x0.6x
Thu, 01 Jul 2021R398.4bR719.9bR21.2b19x18.8x0.6x
Sun, 04 Apr 2021R388.1bR609.4bR9.5b29.1x40.9x0.6x
Wed, 06 Jan 2021R398.2bR499.2b-R2,281,581,000.0037.3x-174.5x0.8x
Sat, 10 Oct 2020R352.6bR470.8b-R1,340,380,000.0031.2x-263x0.7x
Fri, 03 Jul 2020R368.6bR442.0b-R389,179,000.0082.9x-947x0.8x
Mon, 06 Apr 2020R326.7bR520.7bR16.6b16.4x19.6x0.6x
Thu, 09 Jan 2020R491.4bR599.1bR33.7b12.6x14.6x0.8x
Price to Earnings Ratio

14.3x


Total Market Cap: R475.3bTotal Earnings: R33.4bTotal Revenue: R548.6bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Insurance Industry Price to Earnings3Y Average -104.5x202020212022
Current Industry PE
  • Investors are pessimistic on the South African 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 10.4x which is higher than its 3-year average PE of -105x.
  • The industry is trading close to its 3-year average PS ratio of 0.66x.
Past Earnings Growth
  • The earnings for companies in the Insurance industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have declined 5.5% per year.
  • This means that the cost of doing business could be reducing since sales have declined but profits have remained steady.

Industry Trends

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

ZA Market0.17%
Financials-1.36%
Insurance-1.44%
Insurance Brokers0%
General Insurance0%
Reinsurance0%
Life and Health Insurance-1.28%
Property and Casualty Insurance-3.15%
Industry PE
  • Investors are most optimistic about the Property and Casualty Insurance industry even though it's trading below its 3-year average PE ratio of 22.4x.
    • Analysts are expecting annual earnings growth of 19.0%, which is lower than the prior year's growth of 88.7% per year.
  • Investors are most pessimistic about the Life and Health Insurance industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
  • Analysts are most optimistic on the Property and Casualty Insurance industry, expecting annual earnings growth of 19% over the next 5 years.
  • However this is lower than its past earnings growth rate of 89% per year.
  • In contrast, the Life and Health Insurance industry is expected to see its earnings grow by 16% 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
MTM Momentum Metropolitan HoldingsR17.780.5%
+R110.4m
-1.3%PE6.6x
CLI ClientèleR10.802.5%
+R87.2m
12.5%PE8.3x
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Latest News

SLM

R54.91

Sanlam

7D

-1.1%

1Y

-0.9%

SNT

R256.60

Santam

7D

-3.2%

1Y

-0.1%

OMU

R10.94

Old Mutual

7D

-3.6%

1Y

-10.0%

DSY

R123.92

Discovery

7D

-1.2%

1Y

-7.0%

CLI

R10.80

Clientèle

7D

2.5%

1Y

12.5%

MTM

R17.78

Momentum Metropolitan Holdings

7D

0.5%

1Y

-1.3%