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

U.K. (FTSE) Insurance Industry Analysis

UpdatedJun 08, 2026
DataAggregated Company Financials
Companies14
  • 7D-4.0%
  • 3M-2.8%
  • 1Y8.5%
  • YTD-3.4%

Over the last 7 days, the Insurance industry has dropped 4.0%, driven by a pullback from Prudential of 10%. This takes the industry's 12 month performance to a gain of 8.5%. Earnings are forecast to grow by 10% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 08 Jun 2026UK£77.0bUK£84.2bUK£5.5b11.6x13.9x0.9x
Wed, 06 May 2026UK£80.4bUK£83.9bUK£5.5b11.1x14.7x1x
Fri, 03 Apr 2026UK£78.8bUK£83.7bUK£5.6b10.9x14.2x0.9x
Sun, 01 Mar 2026UK£84.6bUK£69.0bUK£4.9b11x17.2x1.2x
Tue, 27 Jan 2026UK£81.0bUK£68.6bUK£4.8b11.5x17x1.2x
Thu, 25 Dec 2025UK£82.0bUK£68.9bUK£4.8b11.4x17x1.2x
Sat, 22 Nov 2025UK£77.0bUK£69.5bUK£4.9b10.8x15.6x1.1x
Mon, 20 Oct 2025UK£76.7bUK£69.0bUK£4.8b10.9x15.8x1.1x
Wed, 17 Sep 2025UK£76.8bUK£68.8bUK£4.8b11.1x16.1x1.1x
Fri, 15 Aug 2025UK£78.4bUK£72.1bUK£3.5b13.4x22.5x1.1x
Sun, 13 Jul 2025UK£72.9bUK£69.8bUK£3.6b13x20x1x
Tue, 10 Jun 2025UK£74.6bUK£74.8bUK£3.8b12.9x19.8x1x
Thu, 08 May 2025UK£71.1bUK£75.7bUK£3.7b12.7x19.5x0.9x
Sat, 05 Apr 2025UK£64.5bUK£76.6bUK£3.8b11.7x17x0.8x
Mon, 03 Mar 2025UK£79.8bUK£90.7bUK£3.8b13x21.1x0.9x
Wed, 29 Jan 2025UK£75.1bUK£90.8bUK£4.5b11.4x16.6x0.8x
Fri, 27 Dec 2024UK£72.5bUK£90.7bUK£4.5b11.7x16.1x0.8x
Sun, 24 Nov 2024UK£70.6bUK£90.7bUK£4.5b11.2x15.7x0.8x
Tue, 22 Oct 2024UK£73.4bUK£90.1bUK£4.4b11.6x16.7x0.8x
Thu, 19 Sep 2024UK£73.2bUK£89.7bUK£4.4b10.2x16.7x0.8x
Sat, 17 Aug 2024UK£75.3bUK£84.9bUK£5.4b11.4x14x0.9x
Mon, 15 Jul 2024UK£61.9bUK£70.3bUK£4.3b10.7x14.5x0.9x
Wed, 12 Jun 2024UK£59.7bUK£70.6bUK£4.3b11.1x13.8x0.8x
Fri, 10 May 2024UK£63.6bUK£70.9bUK£4.4b12.3x14.6x0.9x
Sun, 07 Apr 2024UK£61.9bUK£70.6bUK£4.4b11.6x14.1x0.9x
Tue, 05 Mar 2024UK£22.0bUK£13.5bUK£495.5m19.2x44.5x1.6x
Thu, 01 Feb 2024UK£20.1bUK£13.5bUK£353.3m20.5x57x1.5x
Sat, 30 Dec 2023UK£20.8bUK£13.3bUK£392.3m21.9x52.9x1.6x
Mon, 27 Nov 2023UK£21.0bUK£13.4bUK£394.5m21.7x53.3x1.6x
Wed, 25 Oct 2023UK£19.2bUK£13.6bUK£402.1m20x47.8x1.4x
Fri, 22 Sep 2023UK£20.7bUK£14.1bUK£139.6m18.6x148.5x1.5x
Sun, 20 Aug 2023UK£19.3bUK£12.5bUK£248.1m23.7x77.6x1.5x
Tue, 18 Jul 2023UK£18.7bUK£11.6b-UK£100,600,812.0030.5x-186x1.6x
Thu, 15 Jun 2023UK£19.4bUK£11.7bUK£129.1m30x150.4x1.7x
Price to Earnings Ratio

150.4x


Total Market Cap: UK£19.4bTotal Earnings: UK£129.1mTotal Revenue: UK£11.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Insurance Industry Price to Earnings3Y Average 3.2x202420252026
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 13.9x which is higher than its 3-year average PE of 3.2x.
  • The 3-year average PS ratio of 1.1x is higher than the industry's current PS ratio of 0.91x.
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 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 Market-0.10%
Financials-1.12%
Insurance-3.96%
Insurance Brokers0%0
Property and Casualty Insurance-0.11%
General Insurance-1.80%
Reinsurance-2.94%
Life and Health Insurance-7.93%
Industry PE
  • Investors are most optimistic about the General Insurance industry which is trading above its 3-year average PE ratio of 16.1x.
    • 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 10.0x.
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
LGEN Legal & General GroupUK£2.701.4%
+UK£203.0m		5.0%PE31.2x
ADM Admiral GroupUK£33.080.7%
+UK£73.2m		0.2%PE13.5x
SDLF Standard LifeUK£7.640.9%
+UK£65.1m		17.1%PS0.3x
SBRE Sabre Insurance GroupUK£1.595.0%
+UK£18.6m		16.8%PE10.2x
LRE Lancashire HoldingsUK£6.061.3%
+UK£18.2m		2.3%PE6.7x

Latest News

LGEN
UK£2.70
Legal & General Group
7D
1.4%
1Y
5.0%
AV.
UK£6.11
Aviva
7D
-0.3%
1Y
-0.7%
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£9.56
Prudential
7D
-9.9%
1Y
8.7%
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.
CRE
UK£4.40
Conduit Holdings
7D
1.4%
1Y
11.8%
Narrative Update • Jun 03

CRE: Buyback Activity Will Support Repriced Shares Over Time

Narrative update on Conduit Holdings Analysts have lifted their price target on Conduit Holdings to £4.50 per share from £3.90, reflecting updated assumptions around fair value, discount rates, revenue growth, profit margins and future P/E expectations. What’s in the News Conduit Holdings has an authorized share repurchase program of up to US$50 million, with the company stating that execution will follow its capital management strategy.
ADM
UK£33.08
Admiral Group
7D
0.7%
1Y
0.2%
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.
SDLF
UK£7.64
Standard Life
7D
0.9%
1Y
17.1%
Narrative Update • Jun 02

SDLF: Capital Light Shift And Aegon Deal Will Shape Future Return Profile

Standard Life's analyst price target has been lifted from £6.20 to £9.50 per share, with analysts citing the expected benefits from the Aegon UK acquisition and the company's capital light growth profile as key drivers of the rerating. Analyst Commentary Recent Street research has focused on the impact of the Aegon UK transaction, the shift toward a capital light growth profile, and how these factors feed into Standard Life's valuation and execution risk.
LRE
UK£6.06
Lancashire Holdings
7D
1.3%
1Y
2.3%
Narrative Update • Jun 01

LRE: Revised Profit Assumptions And P E Multiple Will Guide Future Returns

Narrative Update on Lancashire Holdings The analyst price target for Lancashire Holdings has been reduced by £0.15, with recent cuts from several banks indicating updated assumptions around fair value, profit margin and future P/E expectations. Analyst Commentary Recent research updates on Lancashire Holdings point to a cluster of reduced price targets, with new levels ranging from £5.90 to £6.76 per share.
HUW
UK£2.15
Helios Underwriting
7D
-4.2%
1Y
-12.1%
HSX
UK£17.32
Hiscox
7D
-0.8%
1Y
31.4%
SAGA
UK£5.43
Saga
7D
-2.7%
1Y
234.8%
BEZ
UK£12.83
Beazley
7D
0.1%
1Y
33.0%
Narrative Update • May 27

BEZ: Zurich Cash Offer And Downgrades Will Shape Fairly Valued Outlook

Analysts have nudged their fair value estimate slightly higher to £12.88 from £12.82, tying the adjustment to updated profit margin expectations and recent price target revisions around Zurich's agreed offer, even as some firms lowered their rating stance while lifting targets toward the £13.00 range. Analyst Commentary Bullish Takeaways Bullish analysts are still aligning target prices around £13.00, which is close to Zurich's agreed offer level.
SBRE
UK£1.59
Sabre Insurance Group
7D
5.0%
1Y
16.8%
CSN
UK£3.20
Chesnara
7D
0.5%
1Y
8.1%
PGH
UK£3.93
Personal Group Holdings
7D
-5.1%
1Y
30.8%