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U.K. (FTSE) Insurance Industry Analysis

UpdatedApr 14, 2026
DataAggregated Company Financials
Companies13
  • 7D1.7%
  • 3M1.8%
  • 1Y29.6%
  • YTD0.9%

In the last week, the Insurance industry is up 1.7%, with Prudential up 2.9%. This means that the industry has gained 30% over the past year. As for the next few years, earnings are expected to grow by 8.2% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 15 Apr 2026UK£80.1bUK£83.3bUK£5.5b11.1x14.6x1x
Fri, 13 Mar 2026UK£81.0bUK£73.5bUK£4.9b10.6x16.7x1.1x
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
Price to Earnings Ratio

148.9x


Total Market Cap: UK£19.9bTotal Earnings: UK£133.4mTotal Revenue: UK£11.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Insurance Industry Price to Earnings3Y Average 10.2x202420252026
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 14.6x which is higher than its 3-year average PE of 10.3x.
  • The 3-year average PS ratio of 1.1x is higher than the industry's current PS ratio of 0.96x.
Past Earnings Growth
  • The earnings for companies in the Insurance industry have grown 245% 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 Market1.71%
Financials4.37%
Insurance1.73%
Life and Health Insurance2.15%
Reinsurance1.99%
Property and Casualty Insurance1.77%
General Insurance0.92%
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 14.8x.
    • Analysts are expecting annual earnings growth of 14.4%, 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 9.1x.
Forecasted Growth
  • Analysts are most optimistic on the General Insurance industry, expecting annual earnings growth of 14% 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£11.254.9%
+UK£1.3b		47.4%PE9.6x
LGEN Legal & General GroupUK£2.665.4%
+UK£756.6m		9.3%PE31.3x
AV. AvivaUK£6.383.3%
+UK£574.9m		22.1%PE25.1x
ADM Admiral GroupUK£33.062.3%
+UK£228.8m		4.0%PE13.5x
SAGA SagaUK£5.8224.4%
+UK£164.1m		315.7%PS1.3x

Latest News

PRU
UK£11.25
Prudential
7D
4.9%
1Y
47.4%
AV.
UK£6.38
Aviva
7D
3.3%
1Y
22.1%

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

Analysts have nudged their price target for Aviva up to £7.65 from £7.60, citing a slightly higher assumed future P/E multiple and firmer profit margin expectations, even as revenue growth assumptions are moderated. Analyst Commentary Recent research points to slightly stronger confidence in Aviva's ability to support a higher valuation, reflected in a modest increase in the assumed future P/E multiple and price target to £7.65.
PGH
UK£3.40
Personal Group Holdings
7D
-4.2%
1Y
47.2%
LRE
UK£6.14
Lancashire Holdings
7D
2.4%
1Y
6.1%

LRE: Reset P/E Assumptions Will Frame Balanced Upside And Execution Risk

Analyst price targets for Lancashire have been reset lower, with recent updates moving from £7.25 to £6.76 and from £6.25 to £5.90 as analysts factor in adjusted fair value assumptions, as well as modest tweaks to profit expectations and future P/E assumptions. Analyst Commentary Bullish Takeaways Bullish analysts still see upside to the current share price, even after trimming price targets.
LGEN
UK£2.66
Legal & General Group
7D
5.4%
1Y
9.3%

LGEN: Raised Price Range And Debt Swap Partnership Will Reshape Earnings Profile

Analyst price targets for Legal & General Group have edged higher into the £2.80 to £2.85 range, with the updates framed around revised expectations for revenue growth, profitability, and an unchanged fair value estimate of £3.40. Analyst Commentary Recent Street research on Legal & General Group points to a cluster of price targets in the £2.80 to £2.85 range, with views broadly coalescing around valuation and execution on the current business plan.
ADM
UK£33.06
Admiral Group
7D
2.3%
1Y
4.0%

ADM: Future Returns Will Depend On Pricing Discipline And Dividend Commitments

Admiral Group's analyst fair value estimate has been adjusted slightly higher from £32.60 to £33.23, as analysts factor in updated views on multi year profit potential and UK motor pricing, reflected in a series of recent price target revisions across the Street. Analyst Commentary Recent Street research on Admiral Group shows a mix of optimism and caution, with several price target moves and rating changes feeding into the updated fair value estimate.
HSX
UK£15.84
Hiscox
7D
1.9%
1Y
36.8%

HSX: Future Returns Will Reflect Capital Returns And Earnings Delivery Risks

Analysts have nudged Hiscox's fair value estimate higher to £16.35 from £15.93, in line with recent Street price target lifts to £1,611 and £1,710 that reflect updated views on the stock's P/E assumptions and earnings potential. Analyst Commentary Recent Street research shows price targets clustered in the £16.11 to £17.10 range, which broadly supports the updated fair value estimate of £16.35.
SDLF
UK£7.14
Standard Life
7D
0.8%
1Y
24.8%

SDLF: Higher Sector P E Assumptions Will Support Re Rating

Analysts have lifted their average price target on Standard Life by £0.66 to reflect updated views on profitability, revised P/E assumptions, and sector research that has recently pushed Phoenix Group targets higher across several firms. Analyst Commentary Recent Street research on Phoenix Group, a key peer for Standard Life, has tilted more constructive, with several reports updating price targets and ratings.
SAGA
UK£5.82
Saga
7D
24.4%
1Y
315.7%
HUW
UK£2.00
Helios Underwriting
7D
0%
1Y
-7.0%