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U.K. (FTSE) Insurance Industry Analysis

UpdatedJul 04, 2026
DataAggregated Company Financials
Companies14
  • 7D2.2%
  • 3M5.8%
  • 1Y18.6%
  • YTD5.1%

In the last week, the Insurance industry is up 2.2%, with Aviva up 3.3%. Meanwhile, Conduit Holdings actually underperformed within the industry, shrinking 9.3% in the last week. This means that the industry has gained 19% over the past year. Earnings are forecast to grow by 10% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 04 Jul 2026UK£83.7bUK£84.2bUK£5.5b12.5x15.1x1x
Mon, 01 Jun 2026UK£80.7bUK£84.0bUK£5.5b11.9x14.7x1x
Wed, 29 Apr 2026UK£82.1bUK£83.9bUK£5.5b11.2x15x1x
Fri, 27 Mar 2026UK£78.7bUK£85.7bUK£5.4b10.9x14.5x0.9x
Sun, 22 Feb 2026UK£82.8bUK£68.9bUK£4.9b10.6x16.9x1.2x
Tue, 20 Jan 2026UK£85.3bUK£69.0bUK£4.8b11.5x17.6x1.2x
Thu, 18 Dec 2025UK£80.5bUK£69.1bUK£4.9b11.2x16.6x1.2x
Sat, 15 Nov 2025UK£78.5bUK£69.4bUK£4.9b11x15.9x1.1x
Mon, 13 Oct 2025UK£79.0bUK£69.1bUK£4.9b11.4x16.2x1.1x
Wed, 10 Sep 2025UK£76.2bUK£69.0bUK£4.8b11x15.8x1.1x
Fri, 08 Aug 2025UK£91.8bUK£82.0bUK£3.7b15.1x24.5x1.1x
Sun, 06 Jul 2025UK£72.7bUK£69.6bUK£3.6b13.1x20.2x1x
Tue, 03 Jun 2025UK£73.7bUK£74.8bUK£3.8b12.7x19.5x1x
Thu, 01 May 2025UK£68.7bUK£75.7bUK£3.6b12.1x18.9x0.9x
Sat, 29 Mar 2025UK£69.1bUK£76.5bUK£3.8b12.5x18.3x0.9x
Mon, 24 Feb 2025UK£76.4bUK£90.6bUK£4.5b11.4x17.1x0.8x
Wed, 22 Jan 2025UK£74.5bUK£91.0bUK£4.5b11.7x16.4x0.8x
Fri, 20 Dec 2024UK£72.1bUK£90.7bUK£4.5b11.9x16x0.8x
Sun, 17 Nov 2024UK£70.3bUK£90.6bUK£4.5b11.3x15.7x0.8x
Tue, 15 Oct 2024UK£73.5bUK£90.0bUK£4.4b11.9x16.7x0.8x
Thu, 12 Sep 2024UK£73.1bUK£84.9bUK£4.8b10.2x15.2x0.9x
Sat, 10 Aug 2024UK£72.1bUK£83.2bUK£5.1b11x14x0.9x
Mon, 08 Jul 2024UK£60.1bUK£70.5bUK£4.3b10.8x13.9x0.9x
Wed, 05 Jun 2024UK£61.9bUK£70.6bUK£4.3b12.5x14.4x0.9x
Fri, 03 May 2024UK£60.6bUK£70.9bUK£4.4b11.9x13.9x0.9x
Sun, 31 Mar 2024UK£63.7bUK£70.7bUK£4.4b12x14.5x0.9x
Tue, 27 Feb 2024UK£21.2bUK£13.5bUK£495.6m19x42.7x1.6x
Thu, 25 Jan 2024UK£20.0bUK£13.3bUK£392.7m20.4x50.8x1.5x
Sat, 23 Dec 2023UK£20.8bUK£13.3bUK£391.9m21.9x53x1.6x
Mon, 20 Nov 2023UK£20.6bUK£13.4bUK£397.0m21.2x51.9x1.5x
Wed, 18 Oct 2023UK£19.1bUK£13.6bUK£401.6m19.7x47.7x1.4x
Fri, 15 Sep 2023UK£20.4bUK£13.3bUK£188.7m18.6x108x1.5x
Sun, 13 Aug 2023UK£19.1bUK£12.4bUK£256.6m18.3x74.5x1.5x
Tue, 11 Jul 2023UK£18.5bUK£11.7b-UK£103,282,062.0029.5x-179.1x1.6x
Price to Earnings Ratio

-179.1x


Total Market Cap: UK£18.5bTotal Earnings: -UK£103,282,062.00Total Revenue: UK£11.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Insurance Industry Price to Earnings3Y Average 1.5x202420252026
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 15.1x which is higher than its 3-year average PE of 1.5x.
  • The industry is trading close to its 3-year average PS ratio of 1.1x.
Past Earnings Growth
  • Total earnings for the Insurance industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 93% per year.
  • This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Trends

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

GB Market1.61%
Financials3.39%
Insurance2.23%
General Insurance3.59%
Life and Health Insurance1.98%
Property and Casualty Insurance1.81%
Insurance Brokers0%0
Reinsurance-9.30%
Industry PE
  • Investors are most optimistic about the General Insurance industry which is trading above its 3-year average PE ratio of 16.7x.
    • Analysts expect its future annual earnings growth (17.0%) to be largely in line with prior year's earnings growth.
  • Investors are most pessimistic about the Reinsurance industry, which is trading below its 3-year average of 10.4x.
Forecasted Growth
  • Analysts are most optimistic on the General Insurance industry, expecting annual earnings growth of 17% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Reinsurance industry is expected to see its earnings decline by 4.6% 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
AV. AvivaUK£6.683.3%
+UK£639.5m		9.0%PE26.1x
PRU PrudentialUK£10.261.9%
+UK£474.0m		13.7%PE8.6x
ADM Admiral GroupUK£36.664.0%
+UK£433.3m		9.5%PE15x
LGEN Legal & General GroupUK£2.921.8%
+UK£268.1m		17.1%PE33.6x
SDLF Standard LifeUK£8.572.4%
+UK£200.4m		32.3%PS0.3x

Latest News

ADM
UK£36.66
Admiral Group
7D
4.0%
1Y
9.5%
CRE
UK£4.29
Conduit Holdings
7D
-9.3%
1Y
13.9%
Narrative Update • Jul 01

CRE: Rising P/E Assumptions Will Sustain Bearish View Despite Higher Price Objective

Analysts have lifted their price target on Conduit Holdings to £4.50 from £3.90, reflecting updated views on fair value, discount rate assumptions, and expected P/E levels. What’s in the News for Conduit Holdings Conduit Holdings has an authorized share repurchase program of up to US$50 million, as announced by Conduit Holdings Limited (LSE:CRE), under its capital management strategy.
SDLF
UK£8.57
Standard Life
7D
2.4%
1Y
32.3%
Narrative Update • Jun 30

SDLF: Capital Light Aegon UK Deal Will Drive Future Re Rating

Standard Life's analyst fair value has been lifted to £9.75 from £9.18, reflecting a modestly lower discount rate, slightly less steep revenue decline assumptions, firmer profit margin estimates and recent Street price target increases to £9.75, which analysts link to the expected benefits of the Aegon UK acquisition and a more capital light model. Analyst Commentary Street research on Standard Life has recently tilted more positive, with several bullish analysts lifting price targets and, in one case, upgrading the stock alongside a higher valuation range.
SAGA
UK£6.70
Saga
7D
10.2%
1Y
256.8%
Narrative Update • Jun 26

SAGA: Revised Fair Value And P/E Assumptions Will Shape Future Returns

Analysts have updated their price target for Saga to £6.00 from £1.20, reflecting changes in their fair value estimate, a lower discount rate, adjusted revenue growth and profit margin assumptions, and a higher future P/E multiple. What's in the News for Saga No recent Saga specific news or key developments were provided in the available sources.
SBRE
UK£1.84
Sabre Insurance Group
7D
7.4%
1Y
27.5%
Narrative Update • Jun 26

SBRE: Share Buybacks And Dividends Will Signal Excessive Future Risk

Analysts have adjusted their price target for Sabre Insurance Group to £1.52, compared with a prior fair value of £1.12, citing updates to assumptions on the discount rate, revenue growth, profit margin and future P/E. What’s in the News for Sabre Insurance Group Sabre Insurance Group plc commenced share repurchases on June 2, 2026, under a shareholder mandated program approved at the Annual General Meeting on May 21, 2026.
BEZ
UK£12.88
Beazley
7D
0.2%
1Y
41.5%
Narrative Update • Jun 26

nan

Analysts have adjusted their price target for Beazley to £11.29 from £8.54, citing model updates that reflect revised assumptions for revenue growth, profit margins and the stock's future P/E multiple. What's in the News There are currently no recent news items for Beazley available from the provided sources.
LGEN
UK£2.92
Legal & General Group
7D
1.8%
1Y
17.1%
Narrative Update • Jun 25

LGEN: Higher Fair Value And Dividend Outlook Will Support Re Rated Earnings

The analyst price target for Legal & General Group has been revised higher from £3.08 to £3.53. Analysts point to updated assumptions on fair value, discount rate, revenue growth, profit margin and future P/E as key drivers of the change.
HSX
UK£18.54
Hiscox
7D
-0.2%
1Y
48.2%
Narrative Update • Jun 24

HSX: Future Returns Will Weigh Dividend Income Against Execution And Rating Risks

Hiscox's analyst fair value estimate has edged up from £17.20 to £17.36, as analysts factor in recent price target moves around £1,800 to £1,960 and adjust their assumptions on future earnings multiples and profitability. Analyst Commentary Recent Street research on Hiscox points to an active period of reassessment, with several price target changes and at least one rating downgrade feeding into the current fair value estimate.
AV.
UK£6.68
Aviva
7D
3.3%
1Y
9.0%
Narrative Update • Jun 24

AV.: Retirement Savings Scale And Mixed Broker Views Will Shape Medium-Term Path

Analysts have inched their blended price target for Aviva higher to about £6.93 per share, a move underpinned by the recent mix of target tweaks from Morgan Stanley, JPMorgan and Berenberg, alongside relatively stable assumptions for discount rate, growth and future P/E in valuation models. Analyst Commentary Recent research on Aviva reflects a mix of optimism and caution, with price targets ranging from about £6.80 to £8.00 per share and ratings spanning Buy, Neutral and Equal Weight.
PRU
UK£10.26
Prudential
7D
1.9%
1Y
13.7%
Narrative Update • Jun 22

PRU: Capital Returns And India Insurance Deal Prospects Will Support Re Rating

The latest Prudential price target update reflects a small reduction of £20 to £1,400, as analysts factor in slightly different assumptions for revenue growth, profit margins and future P/E while maintaining a broadly constructive view on the stock. Analyst Commentary Recent research around Prudential shows a mix of supportive and more cautious views, with several firms adjusting their price targets in both directions.