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U.K. (FTSE) Insurance Industry Analysis

UpdatedMay 09, 2026
DataAggregated Company Financials
Companies14
  • 7D0.2%
  • 3M0.09%
  • 1Y21.4%
  • YTD2.2%

Over the last 7 days, the Insurance industry has remained flat, although notably Prudential gained 3.1%. As for the the longer term, the industry is up 21% over the past 12 months. Looking forward, earnings are forecast to grow by 9.4% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 11 May 2026UK£81.5bUK£83.8bUK£5.4b11.5x15x1x
Wed, 08 Apr 2026UK£78.6bUK£83.6bUK£5.5b10.9x14.2x0.9x
Fri, 06 Mar 2026UK£81.9bUK£68.9bUK£4.7b10.6x17.3x1.2x
Sun, 01 Feb 2026UK£82.7bUK£68.7bUK£4.8b11.6x17.3x1.2x
Tue, 30 Dec 2025UK£81.9bUK£68.9bUK£4.8b11.5x17x1.2x
Thu, 27 Nov 2025UK£78.3bUK£69.3bUK£4.9b11.1x16x1.1x
Sat, 25 Oct 2025UK£79.2bUK£69.2bUK£4.9b11.2x16.2x1.1x
Mon, 22 Sep 2025UK£78.2bUK£69.0bUK£4.8b11.1x16.2x1.1x
Wed, 20 Aug 2025UK£77.8bUK£72.1bUK£3.5b13.2x22.3x1.1x
Fri, 18 Jul 2025UK£73.8bUK£69.9bUK£3.7b13.1x20.2x1.1x
Sun, 15 Jun 2025UK£73.9bUK£74.5bUK£3.8b13.1x19.6x1x
Tue, 13 May 2025UK£71.6bUK£75.9bUK£3.7b12.8x19.5x0.9x
Thu, 10 Apr 2025UK£62.1bUK£76.7bUK£3.8b10.9x16.3x0.8x
Sat, 08 Mar 2025UK£80.4bUK£92.4bUK£3.6b13.6x22.1x0.9x
Mon, 03 Feb 2025UK£76.7bUK£90.9bUK£4.5b11.5x16.9x0.8x
Wed, 01 Jan 2025UK£73.2bUK£90.7bUK£4.5b11.7x16.3x0.8x
Fri, 29 Nov 2024UK£72.0bUK£90.5bUK£4.5b11.3x16.1x0.8x
Sun, 27 Oct 2024UK£71.1bUK£90.1bUK£4.4b11.5x16.1x0.8x
Tue, 24 Sep 2024UK£73.2bUK£89.5bUK£4.4b10.3x16.7x0.8x
Thu, 22 Aug 2024UK£75.7bUK£84.7bUK£5.4b11.5x14.1x0.9x
Sat, 20 Jul 2024UK£61.5bUK£70.4bUK£4.3b10.9x14.3x0.9x
Mon, 17 Jun 2024UK£59.3bUK£70.7bUK£4.3b10.8x13.7x0.8x
Wed, 15 May 2024UK£63.5bUK£70.8bUK£4.4b12.3x14.6x0.9x
Fri, 12 Apr 2024UK£60.6bUK£70.7bUK£4.4b11.6x13.7x0.9x
Sun, 10 Mar 2024UK£50.8bUK£51.4bUK£3.3b9.2x15.6x1x
Tue, 06 Feb 2024UK£19.8bUK£13.5bUK£369.5m20.4x53.5x1.5x
Thu, 04 Jan 2024UK£20.8bUK£13.3bUK£394.0m21.9x52.7x1.6x
Sat, 02 Dec 2023UK£20.9bUK£13.3bUK£393.3m22.1x53.1x1.6x
Mon, 30 Oct 2023UK£19.0bUK£13.7bUK£403.0m19.8x47.2x1.4x
Wed, 27 Sep 2023UK£20.1bUK£13.4bUK£192.9m18.3x104.4x1.5x
Fri, 25 Aug 2023UK£19.4bUK£12.6bUK£249.9m23.8x77.6x1.5x
Sun, 23 Jul 2023UK£19.5bUK£11.7b-UK£103,049,562.0030.5x-189.2x1.7x
Tue, 20 Jun 2023UK£19.1bUK£11.7bUK£128.4m30.3x148.4x1.6x
Thu, 18 May 2023UK£19.8bUK£11.8bUK£136.9m29.4x144.3x1.7x
Price to Earnings Ratio

144.3x


Total Market Cap: UK£19.8bTotal Earnings: UK£136.9mTotal Revenue: UK£11.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Insurance Industry Price to Earnings3Y Average 6.7x202420252026
Current Industry PE
  • Investors are optimistic on the British Insurance industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 15.0x which is higher than its 3-year average PE of 6.8x.
  • The 3-year average PS ratio of 1.1x is higher than the industry's current PS ratio of 0.97x.
Past Earnings Growth
  • The earnings for companies in the Insurance industry have grown 241% per year over the last three years.
  • Revenues for these companies have grown 92% 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 Market-0.81%
Financials-1.01%
Insurance0.20%
Life and Health Insurance2.39%
Reinsurance1.25%
Insurance Brokers0%0
General Insurance-1.08%
Property and Casualty Insurance-1.96%
Industry PE
  • Investors are most optimistic about the General Insurance industry which is trading above its 3-year average PE ratio of 15.4x.
    • Analysts are expecting annual earnings growth of 16.0%, which is higher than its past year's earnings decline of 3.4% per year.
  • Investors are most pessimistic about the Reinsurance industry, which is trading below its 3-year average of 9.5x.
Forecasted Growth
  • Analysts are most optimistic on the General Insurance industry, expecting annual earnings growth of 16% over the next 5 years.
  • This is better than its past earnings decline of 3.4% per year.
  • In contrast, the Reinsurance 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
PRU PrudentialUK£11.353.1%
+UK£863.5m		35.8%PE9.7x
HSX HiscoxUK£16.244.8%
+UK£241.1m		41.2%PE11.8x
LRE Lancashire HoldingsUK£5.892.4%
+UK£34.0m		2.8%PE6.6x
BEZ BeazleyUK£12.790.2%
+UK£14.8m		44.0%PE11.3x
SAGA SagaUK£6.041.3%
+UK£11.5m		329.0%PE212.1x

Latest News

LGEN
UK£2.51
Legal & General Group
7D
-1.4%
1Y
4.5%
Narrative Update • May 09

LGEN: Dividend And Buyback Programme Will Support Re Rated Earnings Profile

The analyst price target for Legal & General has shifted to £2.85, a £0.10 change that reflects updated views on valuation and earnings quality following recent rating moves and target adjustments across several brokers. Analyst Commentary Recent Street research around Legal & General Group has been mixed, with a blend of rating downgrades and price target revisions.
LRE
UK£5.89
Lancashire Holdings
7D
2.4%
1Y
2.8%
Narrative Update • May 09

LRE: Higher Required Return And P/E Reset Will Support Future Upside

The average analyst price target for Lancashire has been trimmed by about £0.06 as analysts factor in slightly lower fair value estimates, a modestly higher required return, and small adjustments to expected revenue growth, margins, and future P/E multiples. Analyst Commentary Recent Street research shows several price target reductions on Lancashire, with updated targets including £6.76 and £5.90, alongside earlier cuts of £0.15, £0.18, and £0.20.
HSX
UK£16.24
Hiscox
7D
4.8%
1Y
41.2%
ADM
UK£31.72
Admiral Group
7D
-7.5%
1Y
-5.3%
Narrative Update • May 07

ADM: Clearer Multi Year Earnings And UK Motor Pricing Will Support Upside

Analysts have trimmed the fair value estimate for Admiral Group from £41.00 to £38.00, while pointing to higher forecast revenue growth, stronger profit margins and a lower future P/E multiple. Recent research upgrades highlight expectations for improved UK Motor pricing and a clearer multi year earnings profile.
CRE
UK£4.46
Conduit Holdings
7D
1.3%
1Y
26.2%
SDLF
UK£7.61
Standard Life
7D
-0.2%
1Y
24.2%
Narrative Update • Apr 30

SDLF: Higher Margins And Lower P/E Will Still Restrain Share Upside

Narrative Update on Standard Life Standard Life's analyst price targets have moved higher by roughly £0.70 to £0.71 per share, with analysts pointing to slightly firmer profit margin assumptions and a modestly lower forward P/E multiple as the key drivers of this reset. Analyst Commentary Recent research points to a tighter range of expectations around Standard Life, with price target resets framed around updated margin assumptions and revised P/E inputs.
AV.
UK£6.20
Aviva
7D
-1.2%
1Y
6.2%
Narrative Update • Apr 27

AV.: Dividend And Buyback Policy Will Support Measured Medium Term Outlook

Analysts have nudged their 12 month price target for Aviva up by £0.05 to £7.65, citing updated assumptions around profit margin and a slightly higher future P/E multiple as key drivers of the revision. Analyst Commentary Analysts making bullish adjustments to their models are using the small uplift in the 12 month price target to reflect what they see as a modestly stronger outlook for Aviva's profitability and valuation multiples.
PRU
UK£11.35
Prudential
7D
3.1%
1Y
35.8%
BEZ
UK£12.79
Beazley
7D
0.2%
1Y
44.0%
Narrative Update • Apr 21

BEZ: Zurich Cash Offer And Downgrades Will Frame Deal-Linked Fairly Valued Outlook

Beazley's analyst price target has been trimmed slightly to £12.82 from £13.10, reflecting a series of downgrades to Hold or Sector Perform as analysts factor in Zurich's agreed offer for the company. Analyst Commentary Recent research updates cluster around Zurich's agreed offer, with several firms moving to more neutral ratings and setting price targets close to the proposed deal level.
PGH
UK£3.76
Personal Group Holdings
7D
7.4%
1Y
39.8%
HUW
UK£2.12
Helios Underwriting
7D
-0.2%
1Y
-5.4%
SAGA
UK£6.04
Saga
7D
1.3%
1Y
329.0%
SBRE
UK£1.49
Sabre Insurance Group
7D
-0.7%
1Y
11.2%
CSN
UK£3.13
Chesnara
7D
1.0%
1Y
14.1%