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U.K. (FTSE) Insurance Industry Analysis

UpdatedFeb 08, 2026
DataAggregated Company Financials
Companies14
  • 7D0.9%
  • 3M4.9%
  • 1Y39.7%
  • YTD1.7%

Over the last 7 days, the Insurance industry has remained flat, although notably Beazley gained 9.1%. As for the the longer term, the industry is up 40% over the past 12 months. As for the next few years, earnings are expected to grow by 14% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 08 Feb 2026UK£83.4bUK£68.7bUK£4.8b11.5x17.4x1.2x
Tue, 06 Jan 2026UK£82.5bUK£68.9bUK£4.8b11.4x17.1x1.2x
Thu, 04 Dec 2025UK£78.0bUK£69.2bUK£4.9b11.1x16x1.1x
Sat, 01 Nov 2025UK£79.5bUK£69.4bUK£4.9b11.1x16.1x1.1x
Mon, 29 Sep 2025UK£78.8bUK£69.7bUK£4.8b10.9x16.5x1.1x
Wed, 27 Aug 2025UK£78.2bUK£72.1bUK£3.5b13.3x22.4x1.1x
Fri, 25 Jul 2025UK£74.5bUK£69.8bUK£3.6b12.6x20.5x1.1x
Sun, 22 Jun 2025UK£75.2bUK£74.7bUK£3.8b13.1x19.8x1x
Tue, 20 May 2025UK£72.7bUK£75.6bUK£3.6b12.7x20x1x
Thu, 17 Apr 2025UK£67.5bUK£75.8bUK£3.7b11.9x18.4x0.9x
Sat, 15 Mar 2025UK£80.6bUK£91.0bUK£3.5b13.7x23x0.9x
Mon, 10 Feb 2025UK£76.5bUK£90.9bUK£4.5b11.5x16.9x0.8x
Wed, 08 Jan 2025UK£73.5bUK£90.7bUK£4.5b11.7x16.3x0.8x
Fri, 06 Dec 2024UK£75.2bUK£90.4bUK£4.5b11.2x16.9x0.8x
Sun, 03 Nov 2024UK£70.6bUK£90.2bUK£4.4b11.6x16x0.8x
Tue, 01 Oct 2024UK£74.9bUK£89.5bUK£4.4b11.4x17.2x0.8x
Thu, 29 Aug 2024UK£75.3bUK£84.6bUK£5.3b11.6x14.1x0.9x
Sat, 27 Jul 2024UK£60.8bUK£70.4bUK£4.3b10.9x14.1x0.9x
Mon, 24 Jun 2024UK£60.6bUK£70.7bUK£4.4b11x13.9x0.9x
Wed, 22 May 2024UK£64.1bUK£70.6bUK£4.3b12.8x14.8x0.9x
Fri, 19 Apr 2024UK£60.4bUK£70.9bUK£4.4b11.7x13.6x0.9x
Sun, 17 Mar 2024UK£36.7bUK£40.4bUK£2.8b9x13x0.9x
Tue, 13 Feb 2024UK£20.3bUK£13.5bUK£368.3m20.8x55.2x1.5x
Thu, 11 Jan 2024UK£20.0bUK£13.3bUK£392.4m20.9x51.1x1.5x
Sat, 09 Dec 2023UK£21.3bUK£13.4bUK£395.7m22.8x53.9x1.6x
Mon, 06 Nov 2023UK£19.5bUK£13.5bUK£398.5m20.3x49x1.4x
Wed, 04 Oct 2023UK£19.3bUK£13.6bUK£403.5m19x47.8x1.4x
Fri, 01 Sep 2023UK£46.4bUK£30.9bUK£3.0b18.6x15.6x1.5x
Sun, 30 Jul 2023UK£19.2bUK£11.8b-UK£11,258,397.0031.6x-1707.7x1.6x
Tue, 27 Jun 2023UK£18.8bUK£11.7bUK£128.9m30x145.7x1.6x
Thu, 25 May 2023UK£20.0bUK£11.9bUK£132.9m30.6x150.7x1.7x
Sat, 22 Apr 2023UK£19.9bUK£11.8bUK£133.4m29.9x148.9x1.7x
Mon, 20 Mar 2023UK£17.5bUK£11.8bUK£115.2m25.9x151.9x1.5x
Wed, 15 Feb 2023UK£68.8bUK£17.6bUK£783.2m16.8x87.8x3.9x
Price to Earnings Ratio

87.8x


Total Market Cap: UK£68.8bTotal Earnings: UK£783.2mTotal Revenue: UK£17.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Insurance Industry Price to Earnings3Y Average 16.4x202420252026
Current Industry PE
  • Investors are relatively neutral on the British Insurance industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 16.4x.
  • The industry is trading close to its 3-year average PS ratio of 1.2x.
Past Earnings Growth
  • The earnings for companies in the Insurance industry have grown 83% per year over the last three years.
  • Revenues for these companies have grown 57% 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 Market1.13%
Financials-0.36%
Insurance0.86%
Reinsurance4.18%
Property and Casualty Insurance4.07%
General Insurance1.41%
Insurance Brokers0%0
Life and Health Insurance-1.17%
Industry PE
  • Investors are most optimistic about the Reinsurance industry which is trading above its 3-year average PE ratio of 7.4x.
    • Analysts are expecting annual earnings growth of 17.5%, 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 17.1x.
Forecasted Growth
  • Analysts are most optimistic on the Life and Health Insurance industry, expecting annual earnings growth of 23% over the next 5 years.
  • This is better than its past earnings decline of 27% per year.
  • In contrast, the Property and Casualty Insurance industry is expected to see its earnings decline by 3.3% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
BEZ BeazleyUK£12.369.1%
+UK£606.7m		44.1%PE10.1x
AV. AvivaUK£6.451.4%
+UK£273.6m		25.8%PE33x
ADM Admiral GroupUK£28.001.8%
+UK£151.5m		1.0%PE10.2x
LGEN Legal & General GroupUK£2.670.8%
+UK£118.4m		10.6%PE58.1x
PHNX Phoenix Group HoldingsUK£7.491.2%
+UK£90.3m		44.2%PS0.4x

Latest News

ADM
UK£28.00
Admiral Group
7D
1.8%
1Y
1.0%

Here's Why We Think Admiral Group (LON:ADM) Might Deserve Your Attention Today

Feb 08
Here's Why We Think Admiral Group (LON:ADM) Might Deserve Your Attention Today
BEZ
UK£12.36
Beazley
7D
9.1%
1Y
44.1%

BEZ: Takeover Proposal And Mixed Ratings Will Shape Future Share Path

Narrative Update Analysts have adjusted their price targets on Beazley in a mixed fashion, with some firms trimming targets, such as a cut to £9.30 from £9.60, while others, like Deutsche Bank, lifted theirs to £10.50 from £9.77. This reflects differing views on valuation, discount rates and future P/E assumptions.
AV.
UK£6.45
Aviva
7D
1.4%
1Y
25.8%

AV.: Medium Term EPS Ambitions And Softer Sector Views Will Shape Returns

Analysts have trimmed their price targets for Aviva to a range around £6.70 per share, reflecting updated views on fair value, discount rates and future P/E, as well as more cautious sector outlooks from recent research. Analyst Commentary Recent research updates have converged around price targets close to £6.70 per share, with ratings generally sitting in the middle of the range rather than firmly positive or negative.
HSX
UK£15.00
Hiscox
7D
1.2%
1Y
37.7%

HSX: Future Returns Will Reflect Under-Earning Risks And Buyback-Supported Upside Potential

Analysts have cut their price target on Hiscox from £15.00 to £10.68, citing views that the company is currently under earning with return on equity trailing sector peers. This feeds into updated fair value, discount rate, growth and P/E assumptions.
PRU
UK£11.82
Prudential
7D
-1.9%
1Y
78.0%

PRU: Share Buybacks And Revised Assumptions Will Shape Future Market Verdict

Analysts have lifted their price targets on Prudential to £15.00 and £12.70, reflecting updated assumptions that include a fair value estimate of 11.9, a discount rate of 7.198%, revenue growth of 2.40%, a profit margin of 20.22% and a future P/E of 17.21. Analyst Commentary Recent Street research points to a supportive tone on Prudential, with both JPMorgan and Morgan Stanley updating their price targets in line with the valuation inputs discussed earlier.
PHNX
UK£7.49
Phoenix Group Holdings
7D
1.2%
1Y
44.2%

PHNX: Future Earnings Multiple Compression Will Likely Limit Post Upgrade Share Upside

Analysts have nudged their price targets for Phoenix Group Holdings higher, with updated fair value estimates moving from £5.93 to £6.05 as they factor in slightly lower discount rates, a small improvement in expected revenue contraction, firmer profit margins, and a lower future P/E multiple supported by recent mixed rating actions from major banks. Analyst Commentary Recent research paints a mixed picture for Phoenix Group Holdings, with one major upgrade sitting alongside more cautious moves.
LGEN
UK£2.67
Legal & General Group
7D
0.8%
1Y
10.6%
SAGA
UK£5.62
Saga
7D
8.1%
1Y
309.6%

There's Reason For Concern Over Saga plc's (LON:SAGA) Massive 26% Price Jump

Jan 30
There's Reason For Concern Over Saga plc's (LON:SAGA) Massive 26% Price Jump
PGH
UK£3.27
Personal Group Holdings
7D
-2.1%
1Y
58.0%
LRE
UK£6.44
Lancashire Holdings
7D
4.5%
1Y
0.3%

LRE: Refined Discount Rate Will Support More Constructive Future P E Expectations

The latest analyst update nudged Lancashire Holdings' price target up to £7.00 from £6.70, with analysts pointing to refreshed assumptions on fair value, discount rate, revenue growth, profit margin and future P/E as the key drivers behind the change. Analyst Commentary Bullish Takeaways Bullish analysts see the lifted price target to £7.00 as a reflection of updated fair value work that supports the current valuation, rather than requiring a dramatic re rating from here.