South African (JSE) Insurance Industry Analysis

UpdatedJun 05, 2026

DataAggregated Company Financials

Companies7

7D-2.4%
3M-2.9%
1Y0.5%
YTD-3.8%

Over the last 7 days, the Insurance industry has dropped 2.4%, driven by Discovery declining 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
Sat, 06 Jun 2026	R610.3b	R625.3b	R50.9b	10.7x	12x	1x
Mon, 04 May 2026	R619.3b	R625.3b	R50.9b	10.7x	12.2x	1x
Wed, 01 Apr 2026	R614.9b	R625.3b	R50.9b	10.5x	12.1x	1x
Fri, 27 Feb 2026	R691.5b	R582.0b	R51.2b	11.4x	13.5x	1.2x
Sun, 25 Jan 2026	R644.4b	R582.0b	R51.2b	10.9x	12.6x	1.1x
Tue, 23 Dec 2025	R632.8b	R582.0b	R51.2b	10.4x	12.4x	1.1x
Thu, 20 Nov 2025	R622.1b	R582.0b	R51.2b	10x	12.2x	1.1x
Sat, 18 Oct 2025	R593.6b	R582.0b	R51.2b	9.5x	11.6x	1x
Mon, 15 Sep 2025	R586.1b	R577.1b	R49.7b	9.2x	11.8x	1x
Wed, 13 Aug 2025	R591.7b	R538.6b	R48.6b	9.5x	12.2x	1.1x
Fri, 11 Jul 2025	R593.7b	R538.6b	R48.6b	9.7x	12.2x	1.1x
Sun, 08 Jun 2025	R609.1b	R538.6b	R48.6b	10x	12.5x	1.1x
Tue, 06 May 2025	R581.1b	R538.6b	R48.6b	9.4x	12x	1.1x
Thu, 03 Apr 2025	R545.2b	R538.6b	R48.6b	8.5x	11.2x	1x
Sat, 01 Mar 2025	R576.4b	R499.5b	R42.9b	12.6x	13.4x	1.2x
Mon, 27 Jan 2025	R521.5b	R499.5b	R42.9b	12.8x	12.1x	1x
Wed, 25 Dec 2024	R563.7b	R499.5b	R42.9b	12.2x	13.1x	1.1x
Fri, 22 Nov 2024	R561.9b	R499.5b	R42.9b	12.5x	13.1x	1.1x
Sun, 20 Oct 2024	R538.2b	R499.5b	R42.9b	12.5x	12.5x	1.1x
Tue, 17 Sep 2024	R494.1b	R577.1b	R40.1b	10.6x	12.3x	0.9x
Thu, 15 Aug 2024	R468.4b	R587.7b	R34.6b	14.6x	13.5x	0.8x
Sat, 13 Jul 2024	R459.3b	R587.7b	R34.6b	14.6x	13.3x	0.8x
Mon, 10 Jun 2024	R394.6b	R587.7b	R34.6b	12.7x	11.4x	0.7x
Wed, 08 May 2024	R396.3b	R587.7b	R34.6b	12.3x	11.4x	0.7x
Fri, 05 Apr 2024	R393.1b	R587.7b	R34.6b	11.7x	11.3x	0.7x
Sun, 03 Mar 2024	R432.0b	R573.9b	R33.6b	13.5x	12.9x	0.8x
Tue, 30 Jan 2024	R422.7b	R560.1b	R33.8b	11.7x	12.5x	0.8x
Thu, 28 Dec 2023	R434.5b	R560.1b	R33.8b	11.9x	12.9x	0.8x
Sat, 25 Nov 2023	R426.0b	R560.1b	R33.8b	11.7x	12.6x	0.8x
Mon, 23 Oct 2023	R401.8b	R560.1b	R33.8b	11.2x	11.9x	0.7x
Wed, 20 Sep 2023	R424.2b	R531.5b	R34.1b	12.7x	12.4x	0.8x
Fri, 18 Aug 2023	R414.7b	R386.2b	R33.7b	12.4x	12.3x	1.1x
Sun, 16 Jul 2023	R407.4b	R386.2b	R33.7b	12.2x	12.1x	1.1x
Tue, 13 Jun 2023	R381.2b	R386.2b	R33.7b	10.8x	11.3x	1x

Price to Earnings Ratio

11.3x

Tue, 13 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	-1.87%
Financials	-2.46%
Insurance	-2.43%
Insurance Brokers	0%	0
General Insurance	0%	0
Life and Health Insurance	-2.28%
Property and Casualty Insurance	-2.92%

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.