Narrative Update • Jul 23

Over the last 7 days, the Property and Casualty Insurance industry has risen 1.2%, driven by gains from Admiral Group of 5.1%. In the same time, Lancashire Holdings was down 7.7%. This means that the industry has gained 24% over the past year. Earnings are forecast to grow by 1.4% annually.
Has the U.K. Property and Casualty Insurance Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 02 Aug 2026 | UK£27.0b | UK£13.8b | UK£2.2b | 12.3x | 12.5x | 2x |
| Tue, 30 Jun 2026 | UK£26.4b | UK£14.0b | UK£2.2b | 12.1x | 12.3x | 1.9x |
| Thu, 28 May 2026 | UK£25.8b | UK£13.9b | UK£2.1b | 12x | 12x | 1.9x |
| Sat, 25 Apr 2026 | UK£24.8b | UK£13.8b | UK£2.1b | 11.2x | 11.7x | 1.8x |
| Mon, 23 Mar 2026 | UK£23.9b | UK£13.9b | UK£2.1b | 10.9x | 11.1x | 1.7x |
| Wed, 18 Feb 2026 | UK£22.5b | UK£13.9b | UK£2.2b | 10.1x | 10.2x | 1.6x |
| Fri, 16 Jan 2026 | UK£20.4b | UK£14.0b | UK£2.2b | 9.3x | 9.1x | 1.5x |
| Sun, 14 Dec 2025 | UK£20.4b | UK£14.0b | UK£2.2b | 9.1x | 9.2x | 1.5x |
| Tue, 11 Nov 2025 | UK£21.8b | UK£14.1b | UK£2.3b | 9.7x | 9.7x | 1.5x |
| Thu, 09 Oct 2025 | UK£22.4b | UK£14.0b | UK£2.2b | 10.2x | 10.1x | 1.6x |
| Sat, 06 Sep 2025 | UK£21.0b | UK£13.9b | UK£2.2b | 9.2x | 9.5x | 1.5x |
| Mon, 04 Aug 2025 | UK£22.0b | UK£13.5b | UK£2.3b | 9.1x | 9.6x | 1.6x |
| Wed, 02 Jul 2025 | UK£25.7b | UK£18.0b | UK£2.4b | 10.2x | 10.9x | 1.4x |
| Fri, 30 May 2025 | UK£25.9b | UK£18.1b | UK£2.4b | 9.1x | 10.8x | 1.4x |
| Sun, 27 Apr 2025 | UK£24.4b | UK£18.2b | UK£2.4b | 8.7x | 10.1x | 1.3x |
| Tue, 25 Mar 2025 | UK£23.6b | UK£18.5b | UK£2.5b | 10.8x | 9.6x | 1.3x |
| Thu, 20 Feb 2025 | UK£22.8b | UK£16.3b | UK£2.6b | 10.9x | 8.6x | 1.4x |
| Sat, 18 Jan 2025 | UK£22.4b | UK£16.6b | UK£2.7b | 11.3x | 8.3x | 1.4x |
| Mon, 16 Dec 2024 | UK£22.4b | UK£16.3b | UK£2.6b | 10.6x | 8.5x | 1.4x |
| Wed, 13 Nov 2024 | UK£19.6b | UK£16.2b | UK£2.6b | 6.6x | 7.5x | 1.2x |
| Fri, 11 Oct 2024 | UK£21.3b | UK£16.0b | UK£2.6b | 7.9x | 8.3x | 1.3x |
| Sun, 08 Sep 2024 | UK£21.6b | UK£15.9b | UK£2.6b | 7.9x | 8.4x | 1.4x |
| Tue, 06 Aug 2024 | UK£20.0b | UK£14.9b | UK£2.2b | 10.7x | 9.1x | 1.3x |
| Thu, 04 Jul 2024 | UK£20.1b | UK£14.9b | UK£2.2b | 12.2x | 9.2x | 1.4x |
| Sat, 01 Jun 2024 | UK£21.3b | UK£14.9b | UK£2.2b | 12.8x | 9.8x | 1.4x |
| Mon, 29 Apr 2024 | UK£20.7b | UK£15.0b | UK£2.2b | 11.6x | 9.4x | 1.4x |
| Wed, 27 Mar 2024 | UK£21.6b | UK£15.3b | UK£2.2b | 12x | 9.8x | 1.4x |
| Fri, 23 Feb 2024 | UK£19.8b | UK£11.9b | UK£674.5m | 20.9x | 29.3x | 1.7x |
| Sun, 21 Jan 2024 | UK£18.6b | UK£11.9b | UK£673.1m | 20.6x | 27.7x | 1.6x |
| Tue, 19 Dec 2023 | UK£19.3b | UK£11.9b | UK£675.5m | 21.8x | 28.6x | 1.6x |
| Thu, 16 Nov 2023 | UK£19.2b | UK£12.0b | UK£682.3m | 21x | 28.1x | 1.6x |
| Sat, 14 Oct 2023 | UK£17.7b | UK£12.2b | UK£692.7m | 19.7x | 25.6x | 1.5x |
| Mon, 11 Sep 2023 | UK£18.3b | UK£12.0b | UK£680.6m | 19.2x | 26.9x | 1.5x |
| Wed, 09 Aug 2023 | UK£17.6b | UK£10.7b | UK£473.4m | 39.4x | 37.2x | 1.7x |
37.2x
How does U.K. Property and Casualty Insurance compare with similar industries?
| GB Market | 1.17% | |
| Financials | 0.65% | |
| Insurance | 1.13% | |
| Property and Casualty Insurance | 1.18% | |
| Life and Health Insurance | 1.53% | |
| General Insurance | 0.45% | |
| Insurance Brokers | 0% | 0 |
| Reinsurance | -1.03% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| ADM Admiral Group | UK£37.72 | 5.1% +UK£561.4m | 10.2% | PE15.4x |