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U.K. (FTSE) Insurance Industry Analysis

UpdatedSep 14, 2025
DataAggregated Company Financials
Companies14
  • 7D2.2%
  • 3M6.7%
  • 1Y31.4%
  • YTD34.3%

Over the last 7 days, the Insurance industry has risen 2.2%, driven by gains from Prudential of 5.0%. This takes the industry's 12 month performance to a gain of 31%. Earnings are forecast to grow by 15% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 14 Sep 2025UK£77.7bUK£68.9bUK£4.8b11.2x16.2x1.1x
Tue, 12 Aug 2025UK£77.4bUK£70.3bUK£3.5b14.6x22.2x1.1x
Thu, 10 Jul 2025UK£72.4bUK£69.7bUK£3.6b13x20x1x
Sat, 07 Jun 2025UK£75.1bUK£74.8bUK£3.8b12.9x19.9x1x
Mon, 05 May 2025UK£69.8bUK£75.7bUK£3.7b12.7x19.1x0.9x
Wed, 02 Apr 2025UK£69.4bUK£76.5bUK£3.8b12.4x18.4x0.9x
Fri, 28 Feb 2025UK£79.6bUK£90.6bUK£3.8b12.9x20.9x0.9x
Sun, 26 Jan 2025UK£75.0bUK£90.8bUK£4.5b11.4x16.6x0.8x
Tue, 24 Dec 2024UK£72.4bUK£90.7bUK£4.5b11.7x16.1x0.8x
Thu, 21 Nov 2024UK£69.4bUK£90.5bUK£4.5b10.9x15.5x0.8x
Sat, 19 Oct 2024UK£74.4bUK£90.0bUK£4.4b11.8x16.9x0.8x
Mon, 16 Sep 2024UK£73.9bUK£84.7bUK£4.8b10.3x15.4x0.9x
Wed, 14 Aug 2024UK£73.6bUK£83.2bUK£5.1b11.6x14.3x0.9x
Fri, 12 Jul 2024UK£62.3bUK£70.4bUK£4.3b10.9x14.5x0.9x
Sun, 09 Jun 2024UK£61.6bUK£70.7bUK£4.3b11.1x14.2x0.9x
Tue, 07 May 2024UK£61.6bUK£70.8bUK£4.4b12x14.1x0.9x
Thu, 04 Apr 2024UK£62.4bUK£70.6bUK£4.4b11.9x14.2x0.9x
Sat, 02 Mar 2024UK£22.3bUK£13.5bUK£496.3m19.6x44.9x1.7x
Mon, 29 Jan 2024UK£20.2bUK£13.5bUK£352.9m20.5x57.1x1.5x
Wed, 27 Dec 2023UK£20.8bUK£13.3bUK£393.1m21.9x52.8x1.6x
Fri, 24 Nov 2023UK£21.2bUK£13.4bUK£395.8m22x53.5x1.6x
Sun, 22 Oct 2023UK£19.4bUK£13.6bUK£402.2m19.9x48.3x1.4x
Tue, 19 Sep 2023UK£20.2bUK£13.3bUK£189.1m18.6x107x1.5x
Thu, 17 Aug 2023UK£19.5bUK£12.3bUK£255.8m23.6x76.3x1.6x
Sat, 15 Jul 2023UK£18.7bUK£11.6b-UK£100,210,812.0030.8x-187x1.6x
Mon, 12 Jun 2023UK£19.8bUK£11.8bUK£131.4m30x150.9x1.7x
Wed, 10 May 2023UK£19.7bUK£11.7bUK£135.9m30.7x144.8x1.7x
Fri, 07 Apr 2023UK£19.6bUK£11.7bUK£104.4m29.7x187.7x1.7x
Sun, 05 Mar 2023UK£67.9bUK£17.8bUK£775.8m17.1x87.5x3.8x
Tue, 31 Jan 2023UK£70.9bUK£17.4bUK£738.4m16.4x96x4.1x
Thu, 29 Dec 2022UK£64.8bUK£17.6bUK£768.8m16.6x84.2x3.7x
Sat, 26 Nov 2022UK£59.3bUK£17.5bUK£762.7m16.5x77.8x3.4x
Mon, 24 Oct 2022UK£53.3bUK£18.1bUK£854.8m14.7x62.4x2.9x
Wed, 21 Sep 2022UK£57.9bUK£18.1bUK£991.2m16.3x58.5x3.2x
Price to Earnings Ratio

58.5x


Total Market Cap: UK£57.9bTotal Earnings: UK£991.2mTotal Revenue: UK£18.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Insurance Industry Price to Earnings3Y Average 29.6x202320242025
Current Industry PE
  • Investors are pessimistic on the British Insurance industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 16.2x which is lower than its 3-year average PE of 29.6x.
  • The 3-year average PS ratio of 1.8x is higher than the industry's current PS ratio of 1.1x.
Past Earnings Growth
  • The earnings for companies in the Insurance industry have grown 69% per year over the last three years.
  • Revenues for these companies have grown 56% 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 Market0.64%
Financials2.28%
Insurance2.19%
Reinsurance5.82%
Life and Health Insurance2.98%
General Insurance2.09%
Property and Casualty Insurance0.91%
Insurance Brokers0%0
Industry PE
  • Investors are most optimistic about the Reinsurance industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 66.7%, which is higher than its past year's earnings decline of 93.3% per year.
  • Investors are most pessimistic about the Property and Casualty Insurance industry, which is trading below its 3-year average of 20.4x.
Forecasted Growth
  • Analysts are most optimistic on the Reinsurance industry, expecting annual earnings growth of 67% over the next 5 years.
  • This is better than its past earnings decline of 93% 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
PRU PrudentialUK£10.255.0%
+UK£1.2b		64.2%PE10.3x
AV. AvivaUK£6.702.1%
+UK£419.4m		35.9%PE34.3x
LGEN Legal & General GroupUK£2.391.9%
+UK£247.6m		6.0%PE52x
BEZ BeazleyUK£8.153.7%
+UK£158.8m		5.3%PE6.7x
HSX HiscoxUK£13.061.7%
+UK£66.1m		10.7%PE9.9x

Latest News

LGEN
UK£2.39
Legal & General Group
7D
1.9%
1Y
6.0%

Why We're Not Concerned About Legal & General Group Plc's (LON:LGEN) Share Price

Sep 13
Why We're Not Concerned About Legal & General Group Plc's (LON:LGEN) Share Price
PHNX
UK£6.47
Phoenix Group Holdings
7D
-3.5%
1Y
12.1%
PRU
UK£10.25
Prudential
7D
5.0%
1Y
64.2%

Expanding Asian Markets And Digital Transformation Will Build Long-Term Advantage

Prudential’s consensus price target has been nudged higher to £11.74 as analysts express confidence in its strong operational performance, robust Asian growth and cash generation, despite some near-term concerns. Analyst Commentary Bullish analysts are raising price targets in response to Prudential’s solid operational performance and positive earnings momentum.
CRE
UK£2.91
Conduit Holdings
7D
5.8%
1Y
-46.4%

Excess Loss Focus And Digital Analytics Will Secure Stability

A notable decline in Conduit Holdings’ future P/E multiple, while revenue growth forecasts remain steady, has driven analysts to reduce their fair value estimate from £5.40 to £4.97. Valuation Changes Summary of Valuation Changes for Conduit Holdings The Consensus Analyst Price Target has fallen from £5.40 to £4.97.
ADM
UK£33.08
Admiral Group
7D
-1.0%
1Y
14.2%

UK Motor Decline And European Expansion Will Erode Valuation

Analyst sentiment on Admiral Group is mixed, balancing optimism over UK market stabilization and consolidation-driven profitability against concerns about high valuation and potential slowdown in earnings momentum, resulting in an unchanged consensus price target of £34.83. Analyst Commentary Bullish analysts have raised price targets, citing stronger-than-expected pricing trends and stabilization in the UK motor market.
AV.
UK£6.70
Aviva
7D
2.1%
1Y
35.9%

UK Pension And Digital Trends Will Reshape Market Dynamics

Analysts remain positive on Aviva due to its growing capital-light earnings streams and solid operating momentum, though neutral ratings and sector valuation considerations have kept the consensus price target unchanged at £6.64. Analyst Commentary Bullish analysts are raising price targets on expectations that over 70% of Aviva’s earnings will be from capital-light streams, improving the company’s quality and growth potential.
LRE
UK£6.17
Lancashire Holdings
7D
4.2%
1Y
-8.7%

Earnings Working Against Lancashire Holdings Limited's (LON:LRE) Share Price

Sep 03
Earnings Working Against Lancashire Holdings Limited's (LON:LRE) Share Price
HSX
UK£13.06
Hiscox
7D
1.7%
1Y
10.7%

New Bermuda Tax And Catastrophe Risks Will Reduce Future Profitability

Analysts have modestly raised Hiscox’s price target to £14.64, citing increased confidence in sustainable earnings growth, improved underwriting discipline, and the success of its retail-focused strategy despite a challenging market environment. Analyst Commentary Bullish analysts highlight Hiscox's new retail strategy as a key differentiator, particularly as the large ticket reinsurance and commercial market environment is expected to soften.
CSN
UK£2.73
Chesnara
7D
1.5%
1Y
5.0%
PGH
UK£3.70
Personal Group Holdings
7D
-0.8%
1Y
119.6%
BEZ
UK£8.15
Beazley
7D
3.7%
1Y
5.3%

Cyber And Climate Risks Will Shape Resilient Yet Uncertain Markets

The consensus price target for Beazley has been lowered, reflecting a notable decline in both future P/E and net profit margin expectations, resulting in a revised fair value of £10.04. What's in the News Completed share buyback of 25,700,000 shares (4.08% of outstanding) for $307.6 million.
SAGA
UK£2.03
Saga
7D
-0.7%
1Y
93.3%

Saga plc's (LON:SAGA) Share Price Boosted 26% But Its Business Prospects Need A Lift Too

Aug 23
Saga plc's (LON:SAGA) Share Price Boosted 26% But Its Business Prospects Need A Lift Too
SBRE
UK£1.35
Sabre Insurance Group
7D
-3.7%
1Y
-6.5%

Sabre Insurance Group (LON:SBRE) Has Announced A Dividend Of £0.034

Aug 11
Sabre Insurance Group (LON:SBRE) Has Announced A Dividend Of £0.034