South African (JSE) Insurance Industry Analysis

UpdatedJul 18, 2026

DataAggregated Company Financials

Companies6

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

The Insurance industry has stayed flat over the last week. The past year has been better, since the industry has gained 6.4% in that time. Looking forward, 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
Sat, 18 Jul 2026	R632.5b	R620.3b	R50.0b	11.1x	12.6x	1x
Mon, 15 Jun 2026	R646.9b	R625.3b	R50.9b	10.9x	12.7x	1x
Wed, 13 May 2026	R623.2b	R625.3b	R50.9b	10.6x	12.3x	1x
Fri, 10 Apr 2026	R622.4b	R625.3b	R50.9b	10.9x	12.2x	1x
Sun, 08 Mar 2026	R631.5b	R585.8b	R52.2b	9.8x	12.1x	1.1x
Tue, 03 Feb 2026	R661.9b	R582.0b	R51.2b	11.1x	12.9x	1.1x
Thu, 01 Jan 2026	R636.7b	R582.0b	R51.2b	10.5x	12.4x	1.1x
Sat, 29 Nov 2025	R610.0b	R582.0b	R51.2b	9.8x	11.9x	1x
Mon, 27 Oct 2025	R615.0b	R582.0b	R51.2b	10x	12x	1.1x
Wed, 24 Sep 2025	R577.8b	R582.0b	R51.2b	9.1x	11.3x	1x
Fri, 22 Aug 2025	R595.6b	R538.6b	R48.6b	9.7x	12.3x	1.1x
Sun, 20 Jul 2025	R599.4b	R538.6b	R48.6b	9.7x	12.3x	1.1x
Tue, 17 Jun 2025	R596.5b	R538.6b	R48.6b	9.5x	12.3x	1.1x
Thu, 15 May 2025	R584.1b	R538.6b	R48.6b	9.6x	12x	1.1x
Sat, 12 Apr 2025	R510.5b	R538.6b	R48.6b	8.3x	10.5x	0.9x
Mon, 10 Mar 2025	R550.5b	R530.5b	R47.0b	11.6x	11.7x	1x
Wed, 05 Feb 2025	R520.9b	R499.5b	R42.9b	12.5x	12.1x	1x
Fri, 03 Jan 2025	R552.4b	R499.5b	R42.9b	12.7x	12.9x	1.1x
Sun, 01 Dec 2024	R552.6b	R499.5b	R42.9b	14.2x	12.9x	1.1x
Tue, 29 Oct 2024	R535.5b	R499.5b	R42.9b	12.2x	12.5x	1.1x
Thu, 26 Sep 2024	R529.3b	R568.8b	R42.7b	12.9x	12.4x	0.9x
Sat, 24 Aug 2024	R488.3b	R587.7b	R34.6b	15.2x	14.1x	0.8x
Mon, 22 Jul 2024	R451.8b	R587.7b	R34.6b	14.2x	13x	0.8x
Wed, 19 Jun 2024	R455.1b	R587.7b	R34.6b	13.8x	13.1x	0.8x
Fri, 17 May 2024	R410.2b	R587.7b	R34.6b	13x	11.8x	0.7x
Sun, 14 Apr 2024	R376.9b	R587.7b	R34.6b	11.3x	10.9x	0.6x
Tue, 12 Mar 2024	R426.5b	R598.6b	R33.9b	13.2x	12.6x	0.7x
Thu, 08 Feb 2024	R430.0b	R560.1b	R33.8b	12.4x	12.7x	0.8x
Sat, 06 Jan 2024	R427.3b	R560.1b	R33.8b	11.8x	12.7x	0.8x
Mon, 04 Dec 2023	R411.2b	R560.1b	R33.8b	11.7x	12.2x	0.7x
Wed, 01 Nov 2023	R401.0b	R560.1b	R33.8b	11.3x	11.9x	0.7x
Fri, 29 Sep 2023	R419.3b	R550.6b	R34.2b	12.4x	12.2x	0.8x
Sun, 27 Aug 2023	R418.0b	R386.2b	R33.7b	12.6x	12.4x	1.1x
Tue, 25 Jul 2023	R412.7b	R386.2b	R33.7b	12.3x	12.3x	1.1x

Price to Earnings Ratio

12.3x

Tue, 25 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.