South African (JSE) Insurance Industry Analysis

UpdatedJun 08, 2026

DataAggregated Company Financials

Companies7

7D-2.2%
3M-1.9%
1Y0.8%
YTD-3.6%

Over the last 7 days, the Insurance industry has dropped 2.2%, driven by a pullback from Discovery of 4.3%. As for the longer term, the industry's performance has been flat for the past year. Looking forward, earnings are forecast to grow by 12% 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
Mon, 08 Jun 2026	R611.9b	R625.3b	R50.9b	10.7x	12x	1x
Wed, 06 May 2026	R620.1b	R625.3b	R50.9b	10.7x	12.2x	1x
Fri, 03 Apr 2026	R622.6b	R625.3b	R50.9b	10.7x	12.2x	1x
Sun, 01 Mar 2026	R688.7b	R582.0b	R51.2b	11.3x	13.5x	1.2x
Tue, 27 Jan 2026	R647.6b	R582.0b	R51.2b	11.1x	12.7x	1.1x
Thu, 25 Dec 2025	R637.4b	R582.0b	R51.2b	10.5x	12.5x	1.1x
Sat, 22 Nov 2025	R611.7b	R582.0b	R51.2b	9.8x	12x	1.1x
Mon, 20 Oct 2025	R593.6b	R582.0b	R51.2b	9.5x	11.6x	1x
Wed, 17 Sep 2025	R587.8b	R580.5b	R50.2b	9.1x	11.7x	1x
Fri, 15 Aug 2025	R592.9b	R538.6b	R48.6b	9.7x	12.2x	1.1x
Sun, 13 Jul 2025	R584.0b	R538.6b	R48.6b	9.5x	12x	1.1x
Tue, 10 Jun 2025	R609.1b	R538.6b	R48.6b	9.8x	12.5x	1.1x
Thu, 08 May 2025	R573.4b	R538.6b	R48.6b	9.3x	11.8x	1.1x
Sat, 05 Apr 2025	R496.9b	R538.6b	R48.6b	7.8x	10.2x	0.9x
Mon, 03 Mar 2025	R570.4b	R499.5b	R42.9b	12.6x	13.3x	1.1x
Wed, 29 Jan 2025	R517.3b	R499.5b	R42.9b	12.8x	12x	1x
Fri, 27 Dec 2024	R563.7b	R499.5b	R42.9b	12.2x	13.1x	1.1x
Sun, 24 Nov 2024	R562.6b	R499.5b	R42.9b	12.5x	13.1x	1.1x
Tue, 22 Oct 2024	R532.8b	R499.5b	R42.9b	12.5x	12.4x	1.1x
Thu, 19 Sep 2024	R509.3b	R582.0b	R40.8b	10.7x	12.5x	0.9x
Sat, 17 Aug 2024	R481.3b	R587.7b	R34.6b	15.1x	13.9x	0.8x
Mon, 15 Jul 2024	R459.3b	R587.7b	R34.6b	14.6x	13.3x	0.8x
Wed, 12 Jun 2024	R399.0b	R587.7b	R34.6b	12.7x	11.5x	0.7x
Fri, 10 May 2024	R398.6b	R587.7b	R34.6b	12.5x	11.5x	0.7x
Sun, 07 Apr 2024	R389.3b	R587.7b	R34.6b	11.5x	11.2x	0.7x
Tue, 05 Mar 2024	R427.0b	R573.3b	R33.6b	13.3x	12.7x	0.7x
Thu, 01 Feb 2024	R427.9b	R560.1b	R33.8b	12x	12.7x	0.8x
Sat, 30 Dec 2023	R437.8b	R560.1b	R33.8b	11.8x	13x	0.8x
Mon, 27 Nov 2023	R426.0b	R560.1b	R33.8b	11.7x	12.6x	0.8x
Wed, 25 Oct 2023	R402.5b	R560.1b	R33.8b	11.2x	11.9x	0.7x
Fri, 22 Sep 2023	R426.5b	R550.6b	R34.3b	12.5x	12.4x	0.8x
Sun, 20 Aug 2023	R407.3b	R386.2b	R33.7b	12.1x	12.1x	1.1x
Tue, 18 Jul 2023	R406.9b	R386.2b	R33.7b	12.1x	12.1x	1.1x
Thu, 15 Jun 2023	R386.6b	R386.2b	R33.7b	10.9x	11.5x	1x

Price to Earnings Ratio

11.5x

Thu, 15 Jun 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 15% 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	-2.67%
Financials	-2.07%
Insurance	-2.17%
Insurance Brokers	0%	0
General Insurance	0%	0
Life and Health Insurance	-1.97%
Property and Casualty Insurance	-2.82%

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 18.5x.

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 Life and Health Insurance industry, expecting annual earnings growth of 12% over the next 5 years.
This is better than its past earnings growth rate of 9.6% per year.