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U.K. (FTSE) Insurance Industry Analysis

UpdatedOct 01, 2025
DataAggregated Company Financials
Companies14
  • 7D2.3%
  • 3M10.5%
  • 1Y33.8%
  • YTD37.8%

Over the last 7 days, the Insurance industry has risen 1.1%, driven by gains from Aviva of 2.8%. This takes the industry's 12 month performance to a gain of 32%. Looking forward, earnings are forecast to grow by 15% annually.

Industry Valuation and Performance

Has the U.K. Insurance Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 01 Oct 2025UK£79.6bUK£69.0bUK£4.8b11.3x16.5x1.2x
Fri, 29 Aug 2025UK£77.2bUK£72.9bUK£4.3b11.6x17.8x1.1x
Sun, 27 Jul 2025UK£74.6bUK£69.9bUK£3.7b12.6x20.4x1.1x
Tue, 24 Jun 2025UK£74.6bUK£74.6bUK£3.8b13.1x19.8x1x
Thu, 22 May 2025UK£73.2bUK£75.5bUK£3.6b12.7x20.2x1x
Sat, 19 Apr 2025UK£67.7bUK£75.7bUK£3.7b12x18.5x0.9x
Mon, 17 Mar 2025UK£80.6bUK£91.0bUK£3.5b13.7x23x0.9x
Wed, 12 Feb 2025UK£76.4bUK£90.9bUK£4.5b11.4x16.9x0.8x
Fri, 10 Jan 2025UK£72.0bUK£91.0bUK£4.6b11.4x15.8x0.8x
Sun, 08 Dec 2024UK£75.1bUK£90.4bUK£4.5b11.5x16.9x0.8x
Tue, 05 Nov 2024UK£70.4bUK£90.1bUK£4.4b11.6x16x0.8x
Thu, 03 Oct 2024UK£74.5bUK£89.6bUK£4.4b11.6x17x0.8x
Sat, 31 Aug 2024UK£75.0bUK£84.6bUK£4.7b11.6x15.9x0.9x
Mon, 29 Jul 2024UK£60.8bUK£70.4bUK£4.3b10.9x14.1x0.9x
Wed, 26 Jun 2024UK£61.9bUK£70.7bUK£4.3b11x14.2x0.9x
Fri, 24 May 2024UK£62.6bUK£70.7bUK£4.3b12.6x14.5x0.9x
Sun, 21 Apr 2024UK£60.5bUK£71.1bUK£4.4b11.8x13.7x0.9x
Tue, 19 Mar 2024UK£36.9bUK£40.7bUK£2.8b8.9x13.1x0.9x
Thu, 15 Feb 2024UK£20.2bUK£13.5bUK£369.2m20.8x54.8x1.5x
Sat, 13 Jan 2024UK£20.1bUK£13.3bUK£392.3m21.1x51.2x1.5x
Mon, 11 Dec 2023UK£21.3bUK£13.4bUK£395.5m22.8x53.9x1.6x
Wed, 08 Nov 2023UK£20.0bUK£13.5bUK£399.9m20.5x49.9x1.5x
Fri, 06 Oct 2023UK£18.9bUK£13.6bUK£402.3m19.2x47x1.4x
Sun, 03 Sep 2023UK£19.7bUK£12.6bUK£250.7m18.4x78.8x1.6x
Tue, 01 Aug 2023UK£18.9bUK£11.8b-UK£11,268,822.0031.5x-1681.5x1.6x
Thu, 29 Jun 2023UK£18.9bUK£11.8bUK£129.5m30.7x145.9x1.6x
Sat, 27 May 2023UK£20.3bUK£11.9bUK£133.1m31x152.5x1.7x
Mon, 24 Apr 2023UK£19.9bUK£11.8bUK£133.2m30x149.1x1.7x
Wed, 22 Mar 2023UK£18.0bUK£11.8bUK£114.8m26.8x156.7x1.5x
Fri, 17 Feb 2023UK£69.9bUK£17.7bUK£795.6m17.1x87.9x3.9x
Sun, 15 Jan 2023UK£68.9bUK£17.4bUK£750.0m16.3x91.9x4x
Tue, 13 Dec 2022UK£61.7bUK£17.4bUK£746.9m16.2x82.6x3.5x
Thu, 10 Nov 2022UK£57.2bUK£17.8bUK£810.8m15.2x70.6x3.2x
Sat, 08 Oct 2022UK£54.3bUK£18.2bUK£863.8m14.9x62.8x3x
Price to Earnings Ratio

62.8x


Total Market Cap: UK£54.3bTotal Earnings: UK£863.8mTotal Revenue: UK£18.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Insurance Industry Price to Earnings3Y Average 29x202320242025
Current Industry PE
  • Investors are pessimistic on the British 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 16.4x which is lower than its 3-year average PE of 29.0x.
  • The 3-year average PS ratio of 1.8x is higher than the industry's current PS ratio of 1.1x.
Past Earnings Growth
  • The earnings for companies in the Insurance industry have grown 78% per year over the last three years.
  • Revenues for these companies have grown 56% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the U.K. Financials industry?

GB Market1.54%
Financials1.23%
Insurance2.33%
Reinsurance8.77%
Property and Casualty Insurance4.51%
General Insurance2.88%
Life and Health Insurance0.62%
Insurance Brokers0%0
Industry PE
  • Investors are most optimistic about the Reinsurance industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 66.7%, which is higher than its past year's earnings decline of 93.3% per year.
  • Investors are most pessimistic about the Property and Casualty Insurance industry, which is trading below its 3-year average of 20.2x.
Forecasted Growth
  • Analysts are most optimistic on the Reinsurance industry, expecting annual earnings growth of 67% over the next 5 years.
  • This is better than its past earnings decline of 93% per year.
  • In contrast, the Property and Casualty Insurance industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
AV. AvivaUK£6.862.8%
+UK£577.4m		43.0%PE35.1x
BEZ BeazleyUK£9.077.7%
+UK£387.4m		20.2%PE7.4x
ADM Admiral GroupUK£33.523.8%
+UK£369.6m		20.5%PE12.2x
PRU PrudentialUK£10.411.3%
+UK£332.7m		50.5%PE10.4x
HSX HiscoxUK£13.693.6%
+UK£156.4m		21.4%PE10.3x

Latest News

HSD
UK£0.49
Hansard Global
7D
-1.8%
1Y
-8.0%
ADM
UK£33.52
Admiral Group
7D
3.8%
1Y
20.5%
SAGA
UK£2.74
Saga
7D
26.0%
1Y
142.9%
PRU
UK£10.41
Prudential
7D
1.3%
1Y
50.5%
PHNX
UK£6.44
Phoenix Group Holdings
7D
-2.1%
1Y
15.0%

Digital Transformation Will Improve Customer Engagement And Efficiency

The upward revision in Phoenix Group Holdings’ price target reflects improved revenue growth forecasts, despite a rising future P/E, resulting in a new consensus fair value of £6.95. Valuation Changes Summary of Valuation Changes for Phoenix Group Holdings The Consensus Analyst Price Target has risen slightly from £6.79 to £6.95.
AV.
UK£6.86
Aviva
7D
2.8%
1Y
43.0%

UK Pension And Digital Trends Will Reshape Market Dynamics

Aviva's price target has been revised upwards to £6.72, reflecting accelerated earnings growth led by capital-light businesses, improved sector positioning, and higher shareholder return prospects despite some views of the shares as fairly valued at current levels. Analyst Commentary Expectations for accelerated earnings growth, with a significant portion (70%) coming from capital-light business streams, supporting stronger cash generation and improving quality of earnings.
PGH
UK£3.28
Personal Group Holdings
7D
-1.2%
1Y
94.1%
CRE
UK£3.41
Conduit Holdings
7D
8.8%
1Y
-33.5%
LRE
UK£6.75
Lancashire Holdings
7D
2.3%
1Y
1.2%

Earnings Working Against Lancashire Holdings Limited's (LON:LRE) Share Price

Sep 03
Earnings Working Against Lancashire Holdings Limited's (LON:LRE) Share Price
HSX
UK£13.69
Hiscox
7D
3.6%
1Y
21.4%

New Bermuda Tax And Catastrophe Risks Will Reduce Future Profitability

Analysts have modestly raised Hiscox’s price target to £14.64, citing increased confidence in sustainable earnings growth, improved underwriting discipline, and the success of its retail-focused strategy despite a challenging market environment. Analyst Commentary Bullish analysts highlight Hiscox's new retail strategy as a key differentiator, particularly as the large ticket reinsurance and commercial market environment is expected to soften.
BEZ
UK£9.07
Beazley
7D
7.7%
1Y
20.2%

Cyber And Climate Risks Will Shape Resilient Yet Uncertain Markets

The consensus price target for Beazley has been lowered, reflecting a notable decline in both future P/E and net profit margin expectations, resulting in a revised fair value of £10.04. What's in the News Completed share buyback of 25,700,000 shares (4.08% of outstanding) for $307.6 million.