Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.K. (FTSE) Insurance Industry Analysis

UpdatedMar 14, 2026
DataAggregated Company Financials
Companies14
  • 7D1.2%
  • 3M4.7%
  • 1Y27.5%
  • YTD-0.7%

The Insurance industry is up 1.2% in the last week, with Admiral Group up 6.4%. In the last 12 months, the industry was up 28%. Earnings are forecast to grow by 14% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 14 Mar 2026UK£81.3bUK£73.6bUK£4.9b10.6x16.6x1.1x
Mon, 09 Feb 2026UK£83.4bUK£68.7bUK£4.8b11.5x17.4x1.2x
Wed, 07 Jan 2026UK£82.7bUK£68.9bUK£4.8b11.4x17.1x1.2x
Fri, 05 Dec 2025UK£78.1bUK£69.1bUK£4.9b11.1x16x1.1x
Sun, 02 Nov 2025UK£79.5bUK£69.4bUK£4.9b11.1x16.1x1.1x
Tue, 30 Sep 2025UK£79.3bUK£69.0bUK£4.8b11.2x16.4x1.1x
Thu, 28 Aug 2025UK£77.8bUK£72.9bUK£4.3b13.3x17.9x1.1x
Sat, 26 Jul 2025UK£74.6bUK£69.9bUK£3.7b12.6x20.4x1.1x
Mon, 23 Jun 2025UK£75.2bUK£74.7bUK£3.8b13.1x19.8x1x
Wed, 21 May 2025UK£73.2bUK£75.6bUK£3.6b12.7x20.2x1x
Fri, 18 Apr 2025UK£67.7bUK£75.8bUK£3.7b12x18.5x0.9x
Sun, 16 Mar 2025UK£80.6bUK£91.0bUK£3.5b13.7x23x0.9x
Tue, 11 Feb 2025UK£77.2bUK£90.9bUK£4.5b11.5x17x0.8x
Thu, 09 Jan 2025UK£72.2bUK£90.9bUK£4.5b11.6x15.9x0.8x
Sat, 07 Dec 2024UK£75.1bUK£90.4bUK£4.5b11.5x16.9x0.8x
Mon, 04 Nov 2024UK£70.6bUK£90.2bUK£4.4b11.6x16x0.8x
Wed, 02 Oct 2024UK£74.5bUK£89.6bUK£4.4b11.6x17x0.8x
Fri, 30 Aug 2024UK£75.1bUK£84.5bUK£4.7b11.6x15.9x0.9x
Sun, 28 Jul 2024UK£60.8bUK£70.4bUK£4.3b10.9x14.1x0.9x
Tue, 25 Jun 2024UK£62.3bUK£70.7bUK£4.3b11x14.3x0.9x
Thu, 23 May 2024UK£63.7bUK£70.6bUK£4.3b12.7x14.7x0.9x
Sat, 20 Apr 2024UK£60.4bUK£70.9bUK£4.4b11.7x13.6x0.9x
Mon, 18 Mar 2024UK£36.7bUK£40.7bUK£2.8b9x13x0.9x
Wed, 14 Feb 2024UK£20.2bUK£13.5bUK£368.8m20.7x54.8x1.5x
Fri, 12 Jan 2024UK£20.0bUK£13.3bUK£392.0m21x51x1.5x
Sun, 10 Dec 2023UK£21.3bUK£13.4bUK£395.5m22.8x53.9x1.6x
Tue, 07 Nov 2023UK£19.4bUK£13.5bUK£398.2m20.2x48.7x1.4x
Thu, 05 Oct 2023UK£19.3bUK£13.6bUK£403.5m18.9x47.8x1.4x
Sat, 02 Sep 2023UK£19.8bUK£12.6bUK£250.6m18.4x78.9x1.6x
Mon, 31 Jul 2023UK£19.2bUK£11.8b-UK£11,258,397.0031.6x-1707.7x1.6x
Wed, 28 Jun 2023UK£18.8bUK£11.7bUK£128.8m30.4x146x1.6x
Fri, 26 May 2023UK£20.0bUK£11.9bUK£132.9m30.6x150.7x1.7x
Sun, 23 Apr 2023UK£19.9bUK£11.8bUK£133.2m30x149.1x1.7x
Tue, 21 Mar 2023UK£17.7bUK£11.8bUK£114.4m26.3x154.6x1.5x
Price to Earnings Ratio

154.6x


Total Market Cap: UK£17.7bTotal Earnings: UK£114.4mTotal Revenue: UK£11.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Insurance Industry Price to Earnings3Y Average 14.4x202420252026
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 16.6x which is higher than its 3-year average PE of 14.4x.
  • The industry is trading close to its 3-year average PS ratio of 1.2x.
Past Earnings Growth
  • The earnings for companies in the Insurance industry have grown 250% per year over the last three years.
  • Revenues for these companies have grown 84% 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-0.58%
Financials-2.76%
Insurance1.22%
Property and Casualty Insurance3.23%
Reinsurance2.60%
General Insurance0.76%
Life and Health Insurance0.15%
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 14.0x.
    • 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 8.6x.
Forecasted Growth
  • Analysts are most optimistic on the Life and Health Insurance industry, expecting annual earnings growth of 24% over the next 5 years.
  • However this is lower than its past earnings growth rate of 222% per year.
  • In contrast, the Property and Casualty Insurance 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
ADM Admiral GroupUK£32.806.4%
+UK£599.9m		8.5%PE13.3x
PRU PrudentialUK£10.711.0%
+UK£269.8m		41.3%PE10.3x
AV. AvivaUK£6.330.8%
+UK£151.9m		15.7%PE25.2x
HSX HiscoxUK£14.912.1%
+UK£96.3m		33.5%PE10.6x
SBRE Sabre Insurance GroupUK£1.5215.5%
+UK£50.3m		22.0%PE9.9x

Latest News

LGEN
UK£2.46
Legal & General Group
7D
-3.2%
1Y
1.7%
CRE
UK£4.34
Conduit Holdings
7D
2.6%
1Y
11.4%

CRE: Future P/E Compression Will Persist Despite Slightly Higher Fair Value

Analysts recently nudged their price target on Conduit Holdings up by £5 to £390, reflecting updated views on fair value, profitability and expected P/E levels, while keeping overall assumptions broadly consistent. Analyst Commentary The latest price target move to £3.90, only £0.05 above the prior level, points to a fairly measured stance from research desks rather than a strong shift in conviction.
SBRE
UK£1.52
Sabre Insurance Group
7D
15.5%
1Y
22.0%
LRE
UK£6.07
Lancashire Holdings
7D
1.5%
1Y
5.4%

LRE: Reset P/E Assumptions Will Support Constructive Fair Value Upside Potential

Analysts have trimmed their price targets for Lancashire, with recent updates moving from £7.25 and £6.25 to £6.76 and £5.90. They cite refreshed assumptions around fair value, revenue growth, profit margin and future P/E.
AV.
UK£6.33
Aviva
7D
0.8%
1Y
15.7%
BEZ
UK£12.88
Beazley
7D
-0.08%
1Y
45.1%
HSD
UK£0.51
Hansard Global
7D
-0.8%
1Y
9.7%
ADM
UK£32.80
Admiral Group
7D
6.4%
1Y
8.5%

ADM: Future Returns Will Hinge On Earnings Discipline And Dividend Sustainability

The analyst price target for Admiral Group has been lifted slightly, with recent Street research moving the range of published targets to between roughly £27.50 and £38.00 as analysts factor in updated assumptions on revenue growth, profit margins and future P/E multiples. Analyst Commentary Recent research on Admiral Group reflects a split view, with some analysts nudging price targets higher while others trim expectations and adjust ratings downward.
HSX
UK£14.91
Hiscox
7D
2.1%
1Y
33.5%

HSX: Future Returns Will Reflect Capital Returns And Refined Margin Expectations

Analysts have lifted their price targets for Hiscox, with updated modelling nudging fair value from £15.17 to £15.95. This is supported by Street research that cites higher targets of £16.11 and £17.10, along with refined assumptions on revenue growth, profit margin and future P/E.
PRU
UK£10.71
Prudential
7D
1.0%
1Y
41.3%

PRU: Future Buybacks And Margin Delivery Will Support Upside Confidence

Analysts have nudged their fair value estimate for Prudential higher to reflect recent Street price target increases to £12.70 and £15.00, citing updated assumptions around discount rates, profit margins, and future P/E expectations. Analyst Commentary Bullish analysts are aligning around higher fair value assumptions for Prudential, with recent Street targets clustered around £12.70 and £15.00.
SDLF
UK£6.91
Standard Life
7D
-2.9%
1Y
31.9%

SDLF: Peer Repricing And Brand Shift Will Shape Future Return Profile

The analyst price target for Standard Life has been revised higher to £7.58 per share, with analysts pointing to modest adjustments in the discount rate, revenue trend assumptions, profit margin expectations, and future P/E estimates informed by recent sector research on Phoenix Group. Analyst Commentary Recent research on Phoenix Group is feeding into how analysts think about Standard Life, especially around long term cash generation, capital strength, and the sustainability of payout assumptions that sit behind the new £7.58 target.
SAGA
UK£4.65
Saga
7D
-10.6%
1Y
284.9%
CSN
UK£3.00
Chesnara
7D
-2.3%
1Y
10.7%
PGH
UK£2.96
Personal Group Holdings
7D
-3.3%
1Y
45.8%
HUW
UK£2.00
Helios Underwriting
7D
-4.3%
1Y
-4.3%