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Malaysian (KLSE) Insurance Industry Analysis

UpdatedJun 15, 2024
DataAggregated Company Financials
Companies8
  • 7D-0.9%
  • 3M8.2%
  • 1Y24.6%
  • YTD12.6%

Last week, the Insurance industry hasn't moved much but Tune Protect Group Berhad is up 4.4% in that time. As for the the longer term, the industry is up 26% over the past 12 months. Looking forward, earnings are forecast to grow by 3.3% annually.

Industry Valuation and Performance

Has the Malaysian Insurance Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 15 Jun 2024RM14.9bRM13.6bRM1.7b7.2x8.8x1.1x
Mon, 13 May 2024RM14.9bRM13.2bRM1.7b7.3x8.8x1.1x
Wed, 10 Apr 2024RM14.2bRM14.0bRM1.5b7.5x9.5x1x
Fri, 08 Mar 2024RM13.9bRM14.0bRM1.5b6.4x9.3x1x
Sun, 04 Feb 2024RM13.7bRM16.8bRM1.3b8.8x10.2x0.8x
Tue, 02 Jan 2024RM13.2bRM16.8bRM1.3b8.6x9.8x0.8x
Thu, 30 Nov 2023RM13.2bRM16.9bRM1.4b8.8x9.5x0.8x
Sat, 28 Oct 2023RM12.6bRM17.0bRM1.3b9.1x10x0.7x
Mon, 25 Sep 2023RM12.4bRM16.9bRM1.2b9.2x10x0.7x
Wed, 23 Aug 2023RM12.6bRM16.1bRM1.0b9.2x12.5x0.8x
Fri, 21 Jul 2023RM12.0bRM16.1bRM1.0b8.7x11.9x0.7x
Sun, 18 Jun 2023RM11.9bRM16.1bRM1.0b8.4x11.8x0.7x
Tue, 16 May 2023RM12.6bRM15.4bRM876.5m12.6x14.4x0.8x
Thu, 13 Apr 2023RM12.7bRM15.4bRM1.0b8.5x12.1x0.8x
Sat, 11 Mar 2023RM12.7bRM15.4bRM1.0b8.4x12.1x0.8x
Mon, 06 Feb 2023RM13.3bRM14.6bRM1.1b8.2x11.7x0.9x
Wed, 04 Jan 2023RM12.8bRM14.6bRM1.1b8.3x11.3x0.9x
Fri, 02 Dec 2022RM12.8bRM14.7bRM1.1b8.2x11.4x0.9x
Sun, 30 Oct 2022RM12.7bRM14.3bRM938.9m8.6x13.5x0.9x
Tue, 27 Sep 2022RM13.0bRM14.3bRM969.6m8.9x13.4x0.9x
Thu, 25 Aug 2022RM13.3bRM14.7bRM1.3b7.2x10.3x0.9x
Sat, 23 Jul 2022RM13.4bRM14.8bRM1.3b7.4x9.9x0.9x
Mon, 20 Jun 2022RM13.5bRM14.8bRM1.3b7.5x10x0.9x
Wed, 18 May 2022RM13.7bRM14.4bRM1.3b7.1x10.4x1x
Fri, 15 Apr 2022RM13.9bRM14.4bRM1.3b7.3x10.5x1x
Sun, 13 Mar 2022RM13.7bRM14.4bRM1.3b6.8x10.2x0.9x
Tue, 08 Feb 2022RM14.2bRM15.0bRM1.4b12.3x10.4x0.9x
Thu, 06 Jan 2022RM14.1bRM15.1bRM1.4b12x10.3x0.9x
Sat, 04 Dec 2021RM13.8bRM15.1bRM1.4b11.7x10.1x0.9x
Mon, 01 Nov 2021RM14.6bRM15.1bRM1.4b12.2x10.6x1x
Wed, 29 Sep 2021RM14.7bRM15.1bRM1.4b12.8x10.8x1x
Fri, 27 Aug 2021RM14.9bRM15.1bRM1.4b12.9x10.9x1x
Sat, 03 Jul 2021RM14.7bRM15.1bRM1.4b12.8x10.8x1x
Price to Earnings Ratio

10.8x


Total Market Cap: RM14.7bTotal Earnings: RM1.4bTotal Revenue: RM15.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Malaysian Insurance Industry Price to Earnings3Y Average 10.9x202220232024
Current Industry PE
  • Investors are pessimistic on the Malaysian 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 8.9x which is lower than its 3-year average PE of 10.9x.
  • The 3-year average PS ratio of 0.89x is lower than the industry's current PS ratio of 1.1x.
Past Earnings Growth
  • The earnings for companies in the Insurance industry have grown 7.6% per year over the last three years.
  • Meanwhile revenues for these companies have declined 3.4% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

Which industries have driven the changes within the Malaysian Financials industry?

MY Market0.47%
Financials-0.33%
Insurance-0.85%
Life and Health Insurance0.58%
Insurance Brokers0%
Property and Casualty Insurance-0.65%
General Insurance-1.01%
Reinsurance-1.27%
Industry PE
  • Investors are most optimistic about the Life and Health Insurance industry which is trading above its 3-year average PE ratio.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Reinsurance industry, which is trading below its 3-year average of 7.4x.
Forecasted Growth
  • Analysts are most optimistic on the General Insurance industry, expecting annual earnings growth of 12% over the next 5 years.
  • However this is lower than its past earnings growth rate of 18% per year.
  • In contrast, the Reinsurance industry is expected to see its earnings decline by 37% 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
ALLIANZ Allianz Malaysia BerhadRM22.021.6%
+RM60.5m		52.9%PE7.2x
TUNEPRO Tune Protect Group BerhadRM0.375.7%
+RM15.1m		-3.9%PS0.9x
MANULFE Manulife Holdings BerhadRM2.350.4%
+RM2.2m		18.1%PE5.6x
MAA MAA Group BerhadRM0.361.4%
+RM1.3m		14.1%PS0.4x
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Latest News

MAA

RM0.36

MAA Group Berhad

7D

1.4%

1Y

14.1%

P&O

RM0.81

Pacific & Orient Berhad

7D

-0.6%

1Y

-20.3%

TAKAFUL

RM3.75

Syarikat Takaful Malaysia Keluarga Berhad

7D

-4.6%

1Y

11.9%

MANULFE

RM2.35

Manulife Holdings Berhad

7D

0.4%

1Y

18.1%

TUNEPRO

RM0.37

Tune Protect Group Berhad

7D

5.7%

1Y

-3.9%

ALLIANZ

RM22.02

Allianz Malaysia Berhad

7D

1.6%

1Y

52.9%

MNRB

RM2.34

MNRB Holdings Berhad

7D

-1.3%

1Y

141.2%

There's No Escaping MNRB Holdings Berhad's (KLSE:MNRB) Muted Earnings Despite A 33% Share Price Rise

May 10
There's No Escaping MNRB Holdings Berhad's (KLSE:MNRB) Muted Earnings Despite A 33% Share Price Rise

LPI

RM12.26

LPI Capital Bhd

7D

-0.6%

1Y

3.2%