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	68.04	13.91	4.46	YES	1	7	55
GWO	TSE:GWO	Great West Life	52.51	13.35	4.33	YES	1	7	55
IFC	TSE:IFC	Intact Financial	50.21	22.78	1.89	YES	1	7	56
SLF	TSE:SLF	Sun Life Financial	44.26	14.72	4.33	YES	1	7	54
FFH	TSE:FFH	Fairfax Financial	43.31	8.78	1.10	NO	1	7	56
POW	TSE:POW	Power Corporation	32.62	12.12	4.82	YES	1	7	55
IAG	TSE:IAG	Industrial Alliance	11.49	12.58	2.93	YES	1	7	54
ELF	TSE:ELF	E-L Financial	4.20	2.85	1.24	NO	1	7	55

5 year Insurance Stocks May 2024 — Dividend Adjusted Chart by Stock Rover - **Try it out.**

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 …

Insurance stocks are similar to Canadian bank stocks. Smaller businesses grow more than larger ones, but they also experience more price fluctuations. It’s a choice of what you need. Oftentimes, what you think you want might not be what you need. Just be diligent.

Intact is one of the best Canadian dividend stocks when you combine the dividend yield and total returns. Only National Bank performs as well making it your best combo.