Best Canadian Insurance Stocks In Canada For 2024

Dividend Earner

Dividend Earner

Updated on

1 min read Affiliate Disclosure

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 54.92 11.24 4.80 YES 1 7 55
SLF TSE:SLF Sun Life Financial 41.76 13.59 4.37 YES 1 7 54
GWO TSE:GWO Great West Life 39.84 12.67 4.87 YES 1 7 55
IFC TSE:IFC Intact Financial 37.24 32.35 2.11 YES 1 7 56
FFH TSE:FFH Fairfax Financial 30.73 4.79 1.60 NO 1 7 56
POW TSE:POW Power Corporation 22.94 10.68 5.46 YES 1 7 55
IAG TSE:IAG Industrial Alliance 9.17 12.88 3.31 YES 1 7 54
ELF TSE:ELF E-L Financial 3.50 4.34 1.49 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 …

TSE IFC SMALL

Intact Financial

tse:ifc | Financial Services | Insurance - Property & Casualty

TSE SLF SMALL

Sun Life Financial

tse:slf | Financial Services | Insurance - Diversified

TSE MFC SMALL

Manulife

tse:mfc | Financial Services | Insurance - Life

TSE IAG SMALL

Industrial Alliance

tse:iag | Financial Services | Insurance - Diversified

TSE GWO SMALL

Great West Life

tse:gwo | Financial Services | Insurance - Life