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U.K. (FTSE) Insurance Industry Analysis

UpdatedJun 17, 2026
DataAggregated Company Financials
Companies14
  • 7D5.5%
  • 3M0.7%
  • 1Y14.6%
  • YTD1.2%

Over the last 7 days, the Insurance industry has risen 5.5%, driven by gains from Prudential of 9.8%. This takes the industry's 12 month performance to a gain of 15%. 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
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
Sat, 24 Jun 2023UK£18.6bUK£11.7bUK£129.0m29.9x144.1x1.6x
Price to Earnings Ratio

144.1x


Total Market Cap: UK£18.6bTotal Earnings: UK£129.0mTotal Revenue: UK£11.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Insurance Industry Price to Earnings3Y Average 1.9x202420252026
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 14.7x which is higher than its 3-year average PE of 1.9x.
  • 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 249% per year over the last three years.
  • Revenues for these companies have grown 93% 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 Market2.65%
Financials5.97%
Insurance5.54%
Life and Health Insurance8.25%
General Insurance5.22%
Reinsurance4.12%
Property and Casualty Insurance2.45%
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 16.3x.
    • Analysts expect its future annual earnings growth (16.8%) 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 10.2x.
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 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£10.069.8%
+UK£2.3b		12.0%PE8.5x
AV. AvivaUK£6.395.2%
+UK£937.4m		5.6%PE24.9x
LGEN Legal & General GroupUK£2.824.4%
+UK£642.5m		11.3%PE32.5x
ADM Admiral GroupUK£34.423.1%
+UK£317.3m		3.4%PE14.1x
SDLF Standard LifeUK£7.964.1%
+UK£315.6m		21.9%PS0.3x

Latest News

SDLF
UK£7.96
Standard Life
7D
4.1%
1Y
21.9%
Narrative Update • Jun 16

SDLF: Aegon UK Integration Risk Will Likely Cap Future Share Upside

Analysts have lifted their price target for Standard Life to £9.50 from £6.20, citing expectations that the planned Aegon UK acquisition, potential cost and revenue synergies, and a capital light growth profile could support the updated fair value assumptions and a slightly higher future P/E multiple. Analyst Commentary Recent JPMorgan commentary has been a key driver of renewed interest in Standard Life, with the broker lifting its price target to 950 GBp and upgrading the stock to Overweight from Underweight.
LRE
UK£6.36
Lancashire Holdings
7D
4.6%
1Y
9.6%
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.
LGEN
UK£2.82
Legal & General Group
7D
4.4%
1Y
11.3%
Narrative Update • Jun 09

LGEN: Execution Risks And Lower P/E Assumptions Will Pressure Future Upside

Analysts have adjusted their price target for Legal & General to reflect a fair value move from £2.10 to £1.85, citing updated assumptions on growth, margins and P/E multiples following a combination of recent target changes and a downgrade in Street research. Analyst Commentary Recent Street research presents a mixed picture around Legal & General, with some bearish analysts highlighting risks that could justify more conservative valuation assumptions.
HSX
UK£17.82
Hiscox
7D
3.8%
1Y
39.9%
Narrative Update • Jun 09

HSX: Future Returns Will Balance Dividend Appeal With Execution And Rating Risks

Hiscox’s analyst fair value estimate has been nudged up from £16.90 to £17.20 as analysts factor in updated price targets in the range of £1,800 to £1,960 and modest tweaks to growth and profitability assumptions. Analyst Commentary Recent research has clustered around higher price targets for Hiscox, with figures in the £18.00 to £19.60 range feeding into the latest fair value estimate.
AV.
UK£6.39
Aviva
7D
5.2%
1Y
5.6%
Narrative Update • Jun 05

AV.: Retirement Savings Position And Direct Line Synergies Will Support Medium Term Upside

Narrative Update on Aviva Analysts have nudged the price target on Aviva slightly lower to around £7.15 to £7.65, reflecting a mix of views that balance JPMorgan's recent cut to £7.15, Berenberg's new £8.00 Buy initiation, and Deutsche Bank's modest lift to £7.65 as they weigh Aviva's position in the growing pool of UK retirement savings assets against more cautious sector views. Analyst Commentary Recent research on Aviva presents a mixed picture, with some analysts leaning positive on growth opportunities in UK retirement savings and others more cautious on execution and valuation.
PRU
UK£10.06
Prudential
7D
9.8%
1Y
12.0%
Narrative Update • Jun 04

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

Prudential's updated analyst price target now sits at about £12.20, a small uplift from roughly £12.00, as analysts adjust their models for slightly higher assumed revenue growth and P/E multiples while tempering margin expectations, in line with a mix of recent target raises and trims across the Street. Analyst Commentary Recent Street research around Prudential reflects a split view, with some large houses lifting targets while others trim them, keeping the overall tone balanced rather than clearly bullish or bearish.
ADM
UK£34.42
Admiral Group
7D
3.1%
1Y
3.4%
Narrative Update • Jun 02

ADM: Clearer Multi Year Earnings Outlook Will Support Favourable UK Motor Pricing

Admiral Group's analyst price targets have moved higher, with recent increases to around £32.77 to £38.00 per share. Analysts point to a clearer multi year profit outlook and expectations for more favourable UK motor pricing.
HUW
UK£2.13
Helios Underwriting
7D
-0.7%
1Y
-10.5%
SAGA
UK£5.86
Saga
7D
7.5%
1Y
281.0%
PGH
UK£3.88
Personal Group Holdings
7D
-1.3%
1Y
35.5%
HSD
UK£0.52
Hansard Global
7D
-3.7%
1Y
8.3%