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U.S. Insurance Industry Analysis

UpdatedSep 25, 2025
DataAggregated Company Financials
Companies129
  • 7D1.3%
  • 3M-1.1%
  • 1Y0.8%
  • YTD3.1%

Over the last 7 days, the Insurance industry has risen 1.3%, driven by gains in Allstate and Arthur J. Gallagher of 6.2% and 4.1%, respectively. Despite this gain, the industry's performance has been flat over the past year. As for the next few years, earnings are expected to grow by 11% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 25 Sep 2025US$1.4tUS$919.1bUS$88.7b13.7x15.8x1.5x
Sat, 23 Aug 2025US$1.4tUS$918.4bUS$88.5b14.7x16.1x1.5x
Mon, 21 Jul 2025US$1.4tUS$908.2bUS$84.9b14.4x16.2x1.5x
Wed, 18 Jun 2025US$1.4tUS$904.1bUS$82.6b14.1x17.2x1.6x
Fri, 16 May 2025US$1.4tUS$902.8bUS$82.1b15.1x17.4x1.6x
Sun, 13 Apr 2025US$1.4tUS$897.3bUS$92.9b13x15.2x1.6x
Tue, 11 Mar 2025US$1.4tUS$897.4bUS$93.0b12.8x15.6x1.6x
Thu, 06 Feb 2025US$1.4tUS$895.8bUS$88.8b13.2x15.7x1.6x
Sat, 04 Jan 2025US$1.3tUS$892.9bUS$91.5b13x14.7x1.5x
Mon, 02 Dec 2024US$1.5tUS$893.2bUS$91.1b13.8x16.2x1.7x
Wed, 30 Oct 2024US$1.4tUS$865.5bUS$90.9b13.5x15.2x1.6x
Fri, 27 Sep 2024US$1.4tUS$855.0bUS$87.4b14.1x15.9x1.6x
Sun, 25 Aug 2024US$1.3tUS$855.4bUS$87.0b13.9x15.5x1.6x
Tue, 23 Jul 2024US$1.2tUS$825.2bUS$80.8b13x15x1.5x
Thu, 20 Jun 2024US$1.2tUS$823.4bUS$79.2b13.1x14.9x1.4x
Sat, 18 May 2024US$1.2tUS$781.0bUS$76.1b12.7x15.7x1.5x
Mon, 15 Apr 2024US$1.1tUS$795.6bUS$68.8b14.5x16.5x1.4x
Wed, 13 Mar 2024US$1.2tUS$792.4bUS$66.9b14.1x17.4x1.5x
Fri, 09 Feb 2024US$1.1tUS$785.9bUS$61.2b12.2x18.1x1.4x
Sun, 07 Jan 2024US$1.1tUS$790.2bUS$48.8b12.7x22.8x1.4x
Tue, 05 Dec 2023US$1.1tUS$792.8bUS$47.5b13x23.2x1.4x
Thu, 02 Nov 2023US$1.0tUS$809.9bUS$44.0b14.4x23.8x1.3x
Sat, 30 Sep 2023US$1.0tUS$799.4bUS$38.7b14.5x26.9x1.3x
Mon, 28 Aug 2023US$1.0tUS$799.2bUS$38.7b14.8x26.2x1.3x
Wed, 26 Jul 2023US$1.0tUS$783.9bUS$37.6b15.4x26.9x1.3x
Fri, 23 Jun 2023US$968.6bUS$774.5bUS$35.1b15.7x27.6x1.3x
Sun, 21 May 2023US$974.1bUS$774.5bUS$35.1b15.9x27.7x1.3x
Tue, 18 Apr 2023US$976.1bUS$759.0bUS$44.1b14.9x22.2x1.3x
Thu, 16 Mar 2023US$911.7bUS$759.7bUS$44.0b14.6x20.7x1.2x
Sat, 11 Feb 2023US$1.0tUS$767.1bUS$47.1b16.1x22.1x1.4x
Mon, 09 Jan 2023US$1.0tUS$777.9bUS$54.7b15.2x19.1x1.3x
Wed, 07 Dec 2022US$1.0tUS$774.4bUS$53.8b14.7x19.1x1.3x
Fri, 04 Nov 2022US$993.9bUS$769.0bUS$59.2b15.1x16.8x1.3x
Sun, 02 Oct 2022US$886.7bUS$767.1bUS$63.3b13.2x14x1.2x
Price to Earnings Ratio

14x


Total Market Cap: US$886.7bTotal Earnings: US$63.3bTotal Revenue: US$767.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Insurance Industry Price to Earnings3Y Average 19x202320242025
Current Industry PE
  • Investors are pessimistic on the American 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 15.8x which is lower than its 3-year average PE of 19.0x.
  • The industry is trading close to its 3-year average PS ratio of 1.4x.
Past Earnings Growth
  • The earnings for companies in the Insurance industry have grown 12% per year over the last three years.
  • Revenues for these companies have grown 6.2% 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.S. Financials industry?

US Market0.26%
Financials-0.58%
Insurance1.27%
Reinsurance3.06%
Insurance Brokers1.36%
Life and Health Insurance1.26%
Property and Casualty Insurance1.15%
General Insurance-0.15%
Industry PE
  • Investors are most optimistic about the Insurance Brokers industry, which is trading close to its 3-year average PE ratio of 37.6x.
    • Analysts are expecting annual earnings growth of 22.1%, which is higher than its past year's earnings growth of 2.1% per year.
  • Investors are most pessimistic about the Reinsurance industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
  • Analysts are most optimistic on the Insurance Brokers industry, expecting annual earnings growth of 22% over the next 5 years.
  • This is better than its past earnings growth rate of 2.1% per year.
  • In contrast, the Property and Casualty Insurance industry is expected to see its earnings grow by 3.4% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
ALL AllstateUS$209.416.2%
+US$3.2b		10.2%PE9.7x
AJG Arthur J. GallagherUS$304.554.1%
+US$3.0b		8.5%PE47.6x
CB ChubbUS$278.262.2%
+US$2.4b		-4.2%PE12.1x
MET MetLifeUS$80.642.5%
+US$1.3b		-0.1%PE13.1x
ACGL Arch Capital GroupUS$90.763.9%
+US$1.3b		-19.7%PE9.1x

Latest News

PGR
US$240.00
Progressive
7D
-1.5%
1Y
-6.6%
MET
US$80.64
MetLife
7D
2.5%
1Y
-0.1%
WTW
US$343.50
Willis Towers Watson
7D
3.4%
1Y
18.3%
ACGL
US$90.76
Arch Capital Group
7D
3.9%
1Y
-19.7%
WRB
US$74.81
W. R. Berkley
7D
2.3%
1Y
32.7%
AJG
US$304.55
Arthur J. Gallagher
7D
4.1%
1Y
8.5%

Digital Tools And M&A Will Drive Global Expansion

Analysts have raised Arthur J. Gallagher’s price target to $339.20, citing stronger-than-expected organic brokerage growth, materializing acquisition synergies, and the company’s resilience to softer insurance pricing, outweighing modest concerns about margin pressure.
MMC
US$199.66
Marsh & McLennan Companies
7D
1.1%
1Y
-10.8%
ALL
US$209.41
Allstate
7D
6.2%
1Y
10.2%
AON
US$353.74
Aon
7D
-1.2%
1Y
2.0%

Risk Analyzers And Business Services Expansion Will Drive Operational Efficiency

Analysts have raised Aon's price target slightly to $414.20, citing solid organic growth driven by talent investments, better-than-expected Q2 performance, and relative resilience to P&C market softness, though some caution remains due to high valuation and tight earnings expectations. Analyst Commentary Bullish analysts expect Aon's investments in talent, particularly in construction, energy, and health, to drive increased organic growth, with productivity gains materializing in late 2025 and beyond.
FG
US$32.32
F&G Annuities & Life
7D
-4.4%
1Y
-23.2%
CB
US$278.26
Chubb
7D
2.2%
1Y
-4.2%
ARX
US$15.43
Accelerant Holdings
7D
-6.3%
1Y
n/a
LMND
US$53.43
Lemonade
7D
-4.3%
1Y
211.2%

AI Driven Efficiency Will Offset Insurance Risks In Expansion

Lemonade’s analyst price target has been raised from $39.86 to $45.12, as improving growth in key segments and progress toward profitability are partially offset by competitive pressures and softening market conditions. Analyst Commentary Bullish analysts highlight continued strong growth in Lemonade's car insurance and European segments, as well as ongoing progress toward profitability and improving loss ratios.
ERIE
US$314.27
Erie Indemnity
7D
-1.9%
1Y
-41.7%
YB
US$20.05
Yuanbao
7D
-16.1%
1Y
n/a
BWIN
US$29.12
Baldwin Insurance Group
7D
-7.5%
1Y
-41.5%

Embedded Insurance And Medicare Demand Will Unlock Opportunities

The downward revision in Baldwin Insurance Group's price target is primarily driven by a sharp decline in its future P/E ratio and an increased discount rate, resulting in a lower consensus fair value of $44.75. What's in the News The Baldwin Insurance Group, Inc.