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South African (JSE) Life and Health Insurance Industry Analysis

UpdatedSep 27, 2025
DataAggregated Company Financials
Companies5
  • 7D-3.3%
  • 3M-4.6%
  • 1Y0.8%
  • YTDn/a

Over the last 7 days, the Life and Health Insurance industry has dropped 3.8%, driven by Sanlam declining 3.6%. Over the last year, the industry has been flat overall. As for the next few years, earnings are expected to grow by 8.3% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 27 Sep 2025R407.7bR492.5bR42.5b8.8x9.6x0.8x
Mon, 25 Aug 2025R444.5bR455.1bR40.7b9.4x10.9x1x
Wed, 23 Jul 2025R427.3bR455.1bR40.7b8.6x10.5x0.9x
Fri, 20 Jun 2025R426.0bR455.1bR40.7b9.1x10.5x0.9x
Sun, 18 May 2025R425.1bR455.1bR40.7b9.4x10.4x0.9x
Tue, 15 Apr 2025R383.9bR455.1bR40.7b8.1x9.4x0.8x
Thu, 13 Mar 2025R394.9bR449.9bR39.8b9.1x9.9x0.9x
Sat, 08 Feb 2025R395.0bR421.0bR35.9b10.3x11x0.9x
Mon, 06 Jan 2025R410.0bR421.0bR35.9b10.8x11.4x1x
Wed, 04 Dec 2024R414.4bR421.0bR35.9b11x11.5x1x
Fri, 01 Nov 2024R400.4bR421.0bR35.9b11.1x11.2x1x
Sun, 29 Sep 2024R408.1bR421.0bR35.9b11.1x11.4x1x
Tue, 27 Aug 2024R374.2bR516.2bR28.7b9.7x13x0.7x
Thu, 25 Jul 2024R340.6bR516.2bR28.7b9.1x11.9x0.7x
Sat, 22 Jun 2024R344.8bR516.2bR28.7b9x12x0.7x
Mon, 20 May 2024R311.4bR516.2bR28.7b8.8x10.8x0.6x
Wed, 17 Apr 2024R281.3bR516.2bR28.7b8.3x9.8x0.5x
Fri, 15 Mar 2024R325.3bR523.4bR28.4b8.3x11.4x0.6x
Sun, 11 Feb 2024R326.7bR505.1bR28.1b7.9x11.6x0.6x
Tue, 09 Jan 2024R330.5bR505.1bR28.1b7.6x11.8x0.7x
Thu, 07 Dec 2023R321.6bR505.1bR28.1b7.5x11.4x0.6x
Sat, 04 Nov 2023R325.6bR505.1bR28.1b7.8x11.6x0.6x
Mon, 02 Oct 2023R314.8bR501.9bR28.1b8x11.2x0.6x
Wed, 30 Aug 2023R328.8bR330.8bR29.4b8x11.2x1x
Fri, 28 Jul 2023R382.2bR354.1bR31.7b10.6x12.1x1.1x
Sun, 25 Jun 2023R353.0bR354.1bR31.7b9.8x11.2x1x
Tue, 23 May 2023R321.7bR354.1bR31.7b8.3x10.2x0.9x
Thu, 20 Apr 2023R342.6bR354.1bR31.7b9x10.8x1x
Sat, 18 Mar 2023R334.4bR359.9bR30.6b8.7x10.9x0.9x
Mon, 13 Feb 2023R351.0bR432.8bR31.1b9.1x11.3x0.8x
Wed, 11 Jan 2023R332.3bR432.8bR31.1b8.8x10.7x0.8x
Fri, 09 Dec 2022R307.8bR432.8bR31.1b8.7x9.9x0.7x
Sun, 06 Nov 2022R312.0bR432.8bR31.1b9x10x0.7x
Tue, 04 Oct 2022R293.1bR432.8bR31.1b8.9x9.4x0.7x
Price to Earnings Ratio

9.4x


Total Market Cap: R293.1bTotal Earnings: R31.1bTotal Revenue: R432.8bTotal Market Cap vs Earnings and Revenue0%0%0%
South African Life and Health Insurance Industry Price to Earnings3Y Average 10.9x202320242025
Current Industry PE
  • Investors are pessimistic on the South African Life and Health 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 9.6x which is lower than its 3-year average PE of 10.9x.
  • The industry is trading close to its 3-year average PS ratio of 0.81x.
Past Earnings Growth
  • The earnings for companies in the Life and Health Insurance industry have grown 11% per year over the last three years.
  • Revenues for these companies have grown 4.4% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does South African Life and Health Insurance compare with similar industries?

ZA Market0.17%
Financials-2.94%
Insurance-4.52%
Life and Health Insurance-3.27%
Insurance Brokers0%0
General Insurance0%0
Property and Casualty Insurance-7.64%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
CLI ClientèleR14.142.5%
+R154.1m		13.1%PE6.1x

Latest News

CLI
R14.14
Clientèle
7D
2.5%
1Y
13.1%
OMU
R13.41
Old Mutual
7D
-1.8%
1Y
-2.8%
MTM
R32.55
Momentum Group
7D
-3.8%
1Y
10.7%

Share Buybacks And Myriad Digital Focus Will Spur Future Success

Momentum Group’s fair value has improved due to a lower forward P/E multiple, indicating a more attractive valuation, with the consensus analyst price target rising modestly from ZAR38.74 to ZAR39.68. Valuation Changes Summary of Valuation Changes for Momentum Group The Consensus Analyst Price Target has risen slightly from ZAR38.74 to ZAR39.68.
DSY
R192.10
Discovery
7D
-3.5%
1Y
11.6%
SLM
R82.97
Sanlam
7D
-3.6%
1Y
-7.2%