The Canadian insurance sector has been interesting to watch during these past years with our low-interest rate climate.
Not all insurance stocks have benefited from the market growth but is it time to get back in? Some of them offer a juicy dividend to wait.
Being that many are cash cows with relatively low debt, I would consider the dividend safe and with interest rate increases coming our way, we should see some higher profits from the insurance industry in due time.
Overall, I have found the industry to be disappointing for growth but it could be a proxy to income at these levels.
Below is a list of insurance stocks for the Canadian stock market for your consideration.
Ticker | Ticker | Company | Market Cap | P/E | Yield | Aristocrat | Graph | SectorID | IndustryID |
---|---|---|---|---|---|---|---|---|---|
MFC | TSE:MFC | Manulife | 57.86 | 12.27 | 4.99 | YES | 1 | 7 | 55 |
SLF | TSE:SLF | Sun Life Financial | 43.39 | 14.11 | 4.20 | YES | 1 | 7 | 54 |
IFC | TSE:IFC | Intact Financial | 40.38 | 32.45 | 2.14 | YES | 1 | 7 | 56 |
GWO | TSE:GWO | Great West Life | 40.21 | 14.06 | 5.15 | YES | 1 | 7 | 55 |
FFH | TSE:FFH | Fairfax Financial | 35.67 | 5.75 | 1.38 | NO | 1 | 7 | 56 |
POW | TSE:POW | Power Corporation | 23.47 | 10.93 | 5.33 | YES | 1 | 7 | 55 |
IAG | TSE:IAG | Industrial Alliance | 8.67 | 11.65 | 3.75 | YES | 1 | 7 | 54 |
ELF | TSE:ELF | E-L Financial | 3.63 | 4.52 | 1.43 | NO | 1 | 7 | 55 |
Best Canadian Insurance Stocks
The best investment should at least provide you with some dividend growth. If it can’t raise the dividend, it isn’t growing …
Intact Financial
tse:ifc | Financial Services | Insurance - Property & Casualty- Grade: B
- Market Cap: 40.38B (Large Cap)
- P/E: 32.45
- Dividend Yield: 2.14%
- Dividend Aristocrat: YES
- Dividend Growth Fit: 8/10
- Dividend Income Fit: 4/10
- Chowder Score: Members Only
- Revenue Growth: Members Only
- Dividend Growth: Members Only
Sun Life Financial
tse:slf | Financial Services | Insurance - Diversified- Grade: B
- Market Cap: 43.39B (Large Cap)
- P/E: 14.11
- Dividend Yield: 4.20%
- Dividend Aristocrat: YES
- Dividend Growth Fit: 5/10
- Dividend Income Fit: 7/10
- Chowder Score: Members Only
- Revenue Growth: Members Only
- Dividend Growth: Members Only
Manulife
tse:mfc | Financial Services | Insurance - Life- Grade: A
- Market Cap: 57.86B (Large Cap)
- P/E: 12.27
- Dividend Yield: 4.99%
- Dividend Aristocrat: YES
- Dividend Growth Fit: 5/10
- Dividend Income Fit: 8/10
- Chowder Score: Members Only
- Revenue Growth: Members Only
- Dividend Growth: Members Only
Industrial Alliance
tse:iag | Financial Services | Insurance - Diversified- Grade: A
- Market Cap: 8.67B (Mid Cap)
- P/E: 11.65
- Dividend Yield: 3.75%
- Dividend Aristocrat: YES
- Dividend Growth Fit: 5/10
- Dividend Income Fit: 6/10
- Chowder Score: Members Only
- Revenue Growth: Members Only
- Dividend Growth: Members Only
Great West Life
tse:gwo | Financial Services | Insurance - Life- Grade: B
- Market Cap: 40.21B (Large Cap)
- P/E: 14.06
- Dividend Yield: 5.15%
- Dividend Aristocrat: YES
- Dividend Growth Fit: 5/10
- Dividend Income Fit: 8/10
- Chowder Score: Members Only
- Revenue Growth: Members Only
- Dividend Growth: Members Only