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U.K. (FTSE) Insurance Industry Analysis

UpdatedJul 20, 2026
DataAggregated Company Financials
Companies14
  • 7D1.0%
  • 3M2.4%
  • 1Y17.4%
  • YTD6.5%

In the last week, the Insurance industry is up 1.0%, with Aviva leading the way, up 2.7%. In the last 12 months, the industry was up 17%. Looking forward, earnings are forecast to grow by 9.9% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 20 Jul 2026UK£84.7bUK£84.0bUK£5.5b12.7x15.4x1x
Wed, 17 Jun 2026UK£80.7bUK£84.1bUK£5.5b11.9x14.7x1x
Fri, 15 May 2026UK£83.0bUK£84.1bUK£5.5b11.4x15.1x1x
Sun, 12 Apr 2026UK£79.9bUK£83.3bUK£5.5b11.1x14.6x1x
Tue, 10 Mar 2026UK£79.8bUK£73.3bUK£4.8b10.5x16.5x1.1x
Thu, 05 Feb 2026UK£84.9bUK£68.7bUK£4.8b11.8x17.8x1.2x
Sat, 03 Jan 2026UK£82.0bUK£68.9bUK£4.8b11.4x17x1.2x
Mon, 01 Dec 2025UK£78.7bUK£69.3bUK£4.9b11.1x16.1x1.1x
Wed, 29 Oct 2025UK£79.7bUK£69.2bUK£4.9b11.2x16.3x1.2x
Fri, 26 Sep 2025UK£77.9bUK£69.8bUK£4.8b10.9x16.2x1.1x
Sun, 24 Aug 2025UK£78.8bUK£72.1bUK£3.5b13.6x22.6x1.1x
Tue, 22 Jul 2025UK£74.0bUK£69.9bUK£3.6b12.7x20.3x1.1x
Thu, 19 Jun 2025UK£74.7bUK£74.7bUK£3.8b13x19.6x1x
Sat, 17 May 2025UK£72.7bUK£75.7bUK£3.7b12.8x19.9x1x
Mon, 14 Apr 2025UK£64.1bUK£76.1bUK£3.7b11.3x17.3x0.8x
Wed, 12 Mar 2025UK£79.3bUK£91.2bUK£3.6b13.6x22x0.9x
Fri, 07 Feb 2025UK£76.8bUK£90.8bUK£4.5b11.6x17x0.8x
Sun, 05 Jan 2025UK£73.1bUK£90.8bUK£4.5b11.8x16.2x0.8x
Tue, 03 Dec 2024UK£72.8bUK£90.5bUK£4.5b11.1x16.3x0.8x
Thu, 31 Oct 2024UK£70.8bUK£90.1bUK£4.4b11.8x16.1x0.8x
Sat, 28 Sep 2024UK£75.7bUK£89.5bUK£4.4b11.7x17.4x0.8x
Mon, 26 Aug 2024UK£75.7bUK£84.6bUK£5.3b11.5x14.2x0.9x
Wed, 24 Jul 2024UK£60.4bUK£70.4bUK£4.3b10.9x14.1x0.9x
Fri, 21 Jun 2024UK£60.8bUK£70.7bUK£4.3b11.1x14x0.9x
Sun, 19 May 2024UK£64.5bUK£70.7bUK£4.3b12.5x14.9x0.9x
Tue, 16 Apr 2024UK£60.7bUK£70.9bUK£4.4b11.8x13.7x0.9x
Thu, 14 Mar 2024UK£51.0bUK£51.4bUK£3.2b9.6x15.7x1x
Sat, 10 Feb 2024UK£20.0bUK£13.5bUK£368.3m20.7x54.4x1.5x
Mon, 08 Jan 2024UK£20.9bUK£13.3bUK£392.7m21.9x53.2x1.6x
Wed, 06 Dec 2023UK£21.1bUK£13.4bUK£394.9m22.4x53.5x1.6x
Fri, 03 Nov 2023UK£19.4bUK£13.6bUK£401.4m20.4x48.4x1.4x
Sun, 01 Oct 2023UK£19.7bUK£13.5bUK£395.8m19.4x49.9x1.5x
Tue, 29 Aug 2023UK£19.4bUK£12.6bUK£250.6m23.8x77.4x1.5x
Thu, 27 Jul 2023UK£19.8bUK£11.7b-UK£102,218,937.0030x-194x1.7x
Price to Earnings Ratio

-194x


Total Market Cap: UK£19.8bTotal Earnings: -UK£102,218,937.00Total Revenue: UK£11.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Insurance Industry Price to Earnings3Y Average 4.4x202420252026
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 15.4x which is higher than its 3-year average PE of 4.4x.
  • 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 Market0.97%
Financials1.02%
Insurance1.00%
General Insurance2.59%
Property and Casualty Insurance0.85%
Reinsurance0.57%
Life and Health Insurance0.21%
Insurance Brokers0%0
Industry PE
  • Investors are most optimistic about the General Insurance industry which is trading above its 3-year average PE ratio of 17.1x.
    • Analysts expect its future annual earnings growth (16.9%) 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 10.6x.
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£6.732.7%
+UK£520.4m		5.3%PE26.2x
LGEN Legal & General GroupUK£2.982.9%
+UK£464.2m		14.6%PE34.3x
SDLF Standard LifeUK£9.043.6%
+UK£315.6m		37.4%PS0.3x
ADM Admiral GroupUK£36.481.1%
+UK£115.9m		9.0%PE14.9x
HSX HiscoxUK£18.771.5%
+UK£86.9m		44.4%PE13.5x

Latest News

SDLF
UK£9.04
Standard Life
7D
3.6%
1Y
37.4%
Narrative Update • Jul 16

SDLF: Capital Light Deal Synergies And Dividends May Support Measured Re Rating

Analysts have nudged the fair value estimate for Standard Life higher to £9.95 from £9.75, citing recent increases in Street price targets and commentary that highlights potential synergy benefits and a capital light growth profile. Analyst Commentary on Standard Life Recent Street research on Standard Life points to a more constructive tone, with several bullish analysts adjusting price targets higher and citing the company’s capital light growth profile as a key support for valuation.
CSN
UK£3.33
Chesnara
7D
1.1%
1Y
24.0%
SAGA
UK£6.60
Saga
7D
1.7%
1Y
271.6%
Narrative Update • Jul 10

SAGA: Higher Margin Outlook And Richer Future P/E Will Support Upside

Analysts have lifted their price target for Saga to £7.95 from £6.00, citing updated assumptions that include a 4.9% revenue growth outlook, a 13.4% profit margin, and a 14.8x future P/E, all discounted at 7.6%. What's in the News No recent Saga specific news or key developments were identified in the provided sources.
ADM
UK£36.48
Admiral Group
7D
1.1%
1Y
9.0%
Narrative Update • Jul 09

ADM: Future Returns Will Hinge On Motor Pricing Cycle And Margin Discipline

Analysts have nudged their fair value estimate for Admiral Group higher to about £34.35 from roughly £33.23. This reflects a mix of slightly adjusted revenue and margin assumptions alongside recent changes in Street price targets that now cluster in the mid £30 range.
HSX
UK£18.77
Hiscox
7D
1.5%
1Y
44.4%
Narrative Update • Jul 08

HSX: Raised Price Expectations Will Likely Magnify Execution Risk

Analysts have nudged their fair value estimate for Hiscox higher to about £12 from roughly £11.44, reflecting recent upward revisions to Street price targets, including increases to £18.00 and £19.60, alongside a broader rebalancing of ratings. Analyst Commentary Recent commentary on Hiscox shows a mix of optimism and caution, with some bearish analysts flagging risks around how current pricing, execution and growth expectations line up with the latest fair value estimates.
PGH
UK£4.03
Personal Group Holdings
7D
-0.6%
1Y
29.8%
BEZ
UK£12.88
Beazley
7D
-0.04%
1Y
40.3%
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£2.98
Legal & General Group
7D
2.9%
1Y
14.6%
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.
AV.
UK£6.73
Aviva
7D
2.7%
1Y
5.3%
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£10.44
Prudential
7D
-0.9%
1Y
13.2%
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.
LRE
UK£6.54
Lancashire Holdings
7D
1.4%
1Y
4.6%
Narrative Update • Jun 16

LRE: Fair Value View Will Rely On Steady Earnings Power

Analysts have nudged their fair value estimate for Lancashire Holdings slightly higher to £6.66, citing recent reductions in published price targets from several firms while keeping core assumptions such as discount rate, revenue growth, profit margin and future P/E broadly unchanged. Analyst Commentary Bullish Takeaways Bullish analysts continue to see support for the revised £6.66 fair value estimate even after recent reductions in formal price targets, which implies that core assumptions around earnings power and P/E remain intact.