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U.K. (FTSE) Insurance Industry Analysis

UpdatedJun 23, 2026
DataAggregated Company Financials
Companies14
  • 7D0.7%
  • 3M4.1%
  • 1Y14.4%
  • YTD1.6%

The Insurance industry has been flat over the last week, but Admiral Group has lost 4.3%. As for the the longer term, the industry is up 14% over the past 12 months. 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
Tue, 23 Jun 2026UK£80.9bUK£84.3bUK£5.6b11.8x14.6x1x
Thu, 21 May 2026UK£83.9bUK£84.1bUK£5.5b12.2x15.2x1x
Sat, 18 Apr 2026UK£83.0bUK£83.9bUK£5.5b11.4x15.2x1x
Mon, 16 Mar 2026UK£81.3bUK£73.6bUK£4.9b10.6x16.6x1.1x
Wed, 11 Feb 2026UK£81.9bUK£68.7bUK£4.8b11.3x17.1x1.2x
Fri, 09 Jan 2026UK£82.1bUK£69.0bUK£4.8b11.3x16.9x1.2x
Sun, 07 Dec 2025UK£77.7bUK£69.2bUK£4.9b11x15.9x1.1x
Tue, 04 Nov 2025UK£79.7bUK£69.4bUK£4.9b11.1x16.2x1.1x
Thu, 02 Oct 2025UK£79.9bUK£68.9bUK£4.8b11.4x16.5x1.2x
Sat, 30 Aug 2025UK£77.5bUK£72.9bUK£4.3b11.5x17.9x1.1x
Mon, 28 Jul 2025UK£74.6bUK£69.9bUK£3.7b12.6x20.4x1.1x
Wed, 25 Jun 2025UK£75.0bUK£74.5bUK£3.8b13.3x20x1x
Fri, 23 May 2025UK£73.6bUK£75.5bUK£3.6b12.4x20.3x1x
Sun, 20 Apr 2025UK£67.7bUK£75.7bUK£3.7b12x18.5x0.9x
Tue, 18 Mar 2025UK£82.2bUK£87.1bUK£2.9b13.7x28.3x0.9x
Thu, 13 Feb 2025UK£77.5bUK£90.8bUK£4.5b11.4x17.1x0.9x
Sat, 11 Jan 2025UK£70.2bUK£91.2bUK£4.6b11.3x15.4x0.8x
Mon, 09 Dec 2024UK£75.1bUK£90.4bUK£4.5b11.5x16.9x0.8x
Wed, 06 Nov 2024UK£70.5bUK£90.0bUK£4.4b11.4x16x0.8x
Fri, 04 Oct 2024UK£74.1bUK£89.8bUK£4.4b11.5x16.8x0.8x
Sun, 01 Sep 2024UK£75.0bUK£84.6bUK£4.7b11.6x15.9x0.9x
Tue, 30 Jul 2024UK£61.1bUK£70.5bUK£4.3b11.1x14.2x0.9x
Thu, 27 Jun 2024UK£61.5bUK£70.8bUK£4.4b10.7x14.1x0.9x
Sat, 25 May 2024UK£63.1bUK£70.6bUK£4.3b12.6x14.6x0.9x
Mon, 22 Apr 2024UK£60.5bUK£71.1bUK£4.4b11.8x13.7x0.9x
Wed, 20 Mar 2024UK£37.1bUK£40.7bUK£2.8b9x13.1x0.9x
Fri, 16 Feb 2024UK£20.5bUK£13.5bUK£368.7m21x55.5x1.5x
Sun, 14 Jan 2024UK£20.1bUK£13.3bUK£392.3m21.1x51.2x1.5x
Tue, 12 Dec 2023UK£21.3bUK£13.4bUK£395.5m22.8x53.7x1.6x
Thu, 09 Nov 2023UK£20.2bUK£13.5bUK£399.8m20.7x50.4x1.5x
Sat, 07 Oct 2023UK£19.5bUK£13.6bUK£400.6m19.4x48.6x1.4x
Mon, 04 Sep 2023UK£19.7bUK£12.6bUK£250.7m18.4x78.8x1.6x
Wed, 02 Aug 2023UK£18.7bUK£11.9b-UK£11,721,962.0030.9x-1599x1.6x
Fri, 30 Jun 2023UK£18.6bUK£11.9b-UK£105,845,187.0030.2x-176.2x1.6x
Price to Earnings Ratio

-176.2x


Total Market Cap: UK£18.6bTotal Earnings: -UK£105,845,187.00Total Revenue: UK£11.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Insurance Industry Price to Earnings3Y Average 1.3x202420252026
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 1.3x.
  • The 3-year average PS ratio of 1.1x is higher than the industry's current PS ratio of 0.96x.
Past Earnings Growth
  • Total earnings for the Insurance industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 92% 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 Market-0.40%
Financials2.98%
Insurance0.71%
General Insurance1.61%
Life and Health Insurance1.49%
Reinsurance1.00%
Insurance Brokers0%0
Property and Casualty Insurance-1.00%
Industry PE
  • Investors are most optimistic about the General Insurance industry which is trading above its 3-year average PE ratio of 16.4x.
    • Analysts expect its future annual earnings growth (16.7%) 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 10.3x.
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
AV. AvivaUK£6.452.2%
+UK£405.0m		4.3%PE25.1x
LGEN Legal & General GroupUK£2.882.4%
+UK£367.0m		14.4%PE33.2x
SDLF Standard LifeUK£8.263.8%
+UK£305.5m		26.8%PS0.3x
PRU PrudentialUK£10.140.7%
+UK£187.9m		13.2%PE8.4x
HSX HiscoxUK£17.972.4%
+UK£135.1m		42.2%PE12.7x

Latest News

PRU
UK£10.14
Prudential
7D
0.7%
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.
CRE
UK£4.56
Conduit Holdings
7D
1.0%
1Y
16.8%
Narrative Update • Jun 17

CRE: Buybacks And Raised Price View Will Support Shares Over Time

Analysts have raised their price target on Conduit Holdings stock to £4.50 from £3.90, citing updated views on valuation assumptions and sector positioning. What’s in the News for Conduit Holdings Conduit Holdings has been executing a share buyback program, with 4,213,394 shares repurchased from January 1, 2026 to March 31, 2026.
ADM
UK£33.12
Admiral Group
7D
-4.3%
1Y
-1.5%
Narrative Update • Jun 17

ADM: Fair Outlook Suggests Multi Year Earnings Will Support Stable Share Price

Admiral Group's latest narrative update reflects a higher analyst price target of £35.50 from £28.50, with analysts pointing to slightly adjusted assumptions on revenue growth, profit margins and future P/E as support for the change. What's in the News for Admiral Group No recent news items for Admiral Group are available from the specified primary or secondary sources at this time.
SDLF
UK£8.26
Standard Life
7D
3.8%
1Y
26.8%
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£6.46
Lancashire Holdings
7D
3.9%
1Y
14.0%
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£2.88
Legal & General Group
7D
2.4%
1Y
14.4%
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£17.97
Hiscox
7D
2.4%
1Y
42.2%
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£6.45
Aviva
7D
2.2%
1Y
4.3%
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.
HUW
UK£2.11
Helios Underwriting
7D
-0.9%
1Y
-7.3%
SAGA
UK£5.37
Saga
7D
-9.9%
1Y
212.9%
SBRE
UK£1.64
Sabre Insurance Group
7D
-1.4%
1Y
16.7%
CSN
UK£3.36
Chesnara
7D
2.0%
1Y
13.0%
PGH
UK£3.80
Personal Group Holdings
7D
-1.9%
1Y
34.3%
HSD
UK£0.51
Hansard Global
7D
-2.7%
1Y
5.4%