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← CockpitCompetitor Analysis › 7326.T SBI Insurance Group Co., Ltd.Open in the cockpit ↗

SBI Insurance Group Co., Ltd.7326.TCompetitor analysis, valuation and peers

Japan · JPY·Financials›Multi-Line Insurance
Momentum neutral 54
Mkt cap
$325M
US dollars, full cap
Free float
25%
of shares outstanding
$/day
$526,609
20-day average traded
P/B
1.02×
price to book
ROE
6.5%
delivered
Implied ROE
8.6%
what the price asks
Next earnings
5 days
11 Nov 2026
Close · JPY¥2,062
1D-6.3%
1W-3.7%
1M-0.3%
3M-0.9%
6M-2.7%
YTD+2.0%
1Y+42.3%
ATR %2.9%
52w lowhigh18.9% off high

What SBI Insurance does

Employees: 1,030

SBI Insurance at a glance

Size SBI Insurance (7326.T) is a Japan Financials company (Multi-Line Insurance) with a market value of $325M, the 1316th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥2,062 on 6 Nov 2026.

Performance Over six months the shares fell 2.7%, against +8.4% for the median peer and +1.8% for the Japan market (cap-weighted) — 4th lowest of 11 in its peer set.

Growth Revenue grew 21.0% over the last twelve months (peer median +1.2%); the operating margin is 4.1% (peer median 10.9%).

Valuation It trades at 1.02× book value against a peer median of 1.17× (5th cheapest of 11).

Price implies The share price implies a return on equity of about 8.6%; SBI Insurance delivers 6.5%, so the price asks more than the business earns today.

Next results Next results expected around 11 Nov 2026 (exchange calendar; dates can move).

Relative performance

10011011 May 202611 Aug 20266 Nov 2026Peer median 1097326.T 100
Six months, rebased to 100: SBI Insurance against the median of its 10 peers (local-currency closes).

SBI Insurance financials

Reported figures in JPY; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue¥146B¥138B¥116B¥107B¥93.9B
Revenue growth—+19%+8%+14%—
Net income¥3.09B¥2.88B¥1.99B¥1.45B¥1.24B
Free cash flown/a¥10.2B¥6.99B¥7.07B¥4.53B
Capital expendituren/a¥2.36B¥1.80B¥1.39B¥2.04B
Total debt¥0¥6.00M¥4.00M¥0¥1.00M

Quarterly statements and history in the cockpit →

SBI Insurance competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-50%0%+50%-20%0%NODKAIFUU130662DGICASFCRELIGARECSNBOW28517326.T6-month return →1-month return →
Up and to the right = strong over both horizons. SBI Insurance is the large dot.

Fundamentals: return on equity against price-to-book

-100%-50%0%10×20×NODKAIFUU130662DGICASFCRELIGARECSNBOW28517326.TReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. SBI Insurance is the large dot.

Capital: ROE delivered against the ROE the price implies

-100%-50%0%-100%-50%0%NODKAIFUU13CSNBOW28517326.TROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. SBI Insurance is the large dot.

SBI Insurance competitors and peer comparison

How SBI Insurance compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

SBI Insurance against its 10 peers (data as of 6 Nov 2026)
Measure7326.TPeer medianRank in peer set
1-month return-0.3%+0.5%4th lowest of 11
6-month return-2.7%+8.4%4th lowest of 11
Return on equity6.5%8.6%5th lowest of 11
Price / book1.02×1.17×5th cheapest of 11
Trailing P/E16.6×14.9×5th most expensive of 10
ROE the price implies8.6%5.8%4th most demanding of 11
ROE delivered6.5%10.2%4th lowest of 10

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
SBI Insurance 7326.TJapan$325M-3%+21%7%1.02×8.6%6.5%
NI Holdings, Inc. NODKUnited States$313M+20%-14%3%1.26×7.2%3.2%
AIFU AIFUUnited States$390M-76%-47%-113%0.30×4.9%-113.4%
United Overseas Insurance U13.SISingapore$403M+8%-8%7%0.98×3.6%7.0%
Asia Financial 0662.HKHong Kong$521M-6%+6%10%0.30×3.7%10.2%
Donegal DGICAUnited States$723M+9%-3%11%1.07×6.6%10.7%
Sagicor Financial SFC.TOCanada$792M-14%-4%12%0.75×4.6%11.6%
Religare Enterprises RELIGARE.NSIndia$845M+4%+18%3%2.67×23.7%n/a
Chesnara CSN.LUnited Kingdom$1.08B+11%+192%0%2.14×15.7%0.3%
Bowhead Specialty BOWUnited States$1.12B+26%+24%14%2.48×11.3%13.6%
Central Reinsurance 2851.TWTaiwan$1.12B+52%+21%37%1.41×5.1%37.4%

Questions

Which companies are SBI Insurance's closest peers?
The cockpit's peer set: NI Holdings, Inc. (NODK), AIFU (AIFU), United Overseas Insurance (U13.SI), Asia Financial (0662.HK), Donegal (DGICA), Sagicor Financial (SFC.TO), Religare Enterprises (RELIGARE.NS), Chesnara (CSN.L).
Is SBI Insurance expensive compared with its peers?
On price / book it trades at 1.02× against a peer median of 1.17×, 5th cheapest of 11 in its peer set. The share price implies a return on equity of about 8.6%; SBI Insurance delivers 6.5%, so the price asks more than the business earns today.
How has SBI Insurance stock performed?
Over six months to 6 Nov 2026 the shares returned -2.7% against +8.4% for the median peer; over one year +42.3%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.