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U.S. Insurance Industry Analysis

UpdatedApr 07, 2026
DataAggregated Company Financials
Companies130
  • 7D1.3%
  • 3M-5.5%
  • 1Y-1.9%
  • YTD-4.6%

Over the last 7 days, the Insurance industry has risen 1.3%, driven by gains from MetLife of 4.1%. 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 3.8% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 07 Apr 2026US$1.3tUS$946.4bUS$105.4b11.4x12.3x1.4x
Thu, 05 Mar 2026US$1.4tUS$948.2bUS$105.3b11.9x12.9x1.4x
Sat, 31 Jan 2026US$1.3tUS$938.4bUS$100.7b13.1x13.4x1.4x
Mon, 29 Dec 2025US$1.4tUS$931.1bUS$99.3b13.3x14.2x1.5x
Wed, 26 Nov 2025US$1.4tUS$931.0bUS$99.2b13.2x13.8x1.5x
Fri, 24 Oct 2025US$1.4tUS$925.7bUS$90.5b13.4x15x1.5x
Sun, 21 Sep 2025US$1.4tUS$919.1bUS$88.7b13.8x15.7x1.5x
Tue, 19 Aug 2025US$1.4tUS$918.4bUS$88.4b14.2x15.8x1.5x
Thu, 17 Jul 2025US$1.4tUS$902.8bUS$82.1b14.4x16.8x1.5x
Sat, 14 Jun 2025US$1.4tUS$903.2bUS$82.4b14.3x17.3x1.6x
Mon, 12 May 2025US$1.4tUS$902.5bUS$82.3b14.8x17.4x1.6x
Wed, 09 Apr 2025US$1.3tUS$897.3bUS$92.9b12.6x14.5x1.5x
Fri, 07 Mar 2025US$1.5tUS$897.4bUS$93.1b13.2x15.7x1.6x
Sun, 02 Feb 2025US$1.4tUS$901.4bUS$90.8b12.7x15.3x1.5x
Tue, 31 Dec 2024US$1.4tUS$892.9bUS$91.5b12.9x14.9x1.5x
Thu, 28 Nov 2024US$1.5tUS$893.2bUS$91.1b13.9x16.2x1.6x
Sat, 26 Oct 2024US$1.4tUS$865.4bUS$90.8b13.5x15.4x1.6x
Mon, 23 Sep 2024US$1.4tUS$855.1bUS$87.4b14.2x15.9x1.6x
Wed, 21 Aug 2024US$1.3tUS$855.4bUS$87.0b13.5x15.4x1.6x
Fri, 19 Jul 2024US$1.2tUS$823.6bUS$80.2b13.7x15.4x1.5x
Sun, 16 Jun 2024US$1.2tUS$823.4bUS$79.2b12.7x14.6x1.4x
Tue, 14 May 2024US$1.2tUS$823.1bUS$79.1b13.1x14.9x1.4x
Thu, 11 Apr 2024US$1.2tUS$792.7bUS$66.9b14.7x17.4x1.5x
Sat, 09 Mar 2024US$1.2tUS$792.2bUS$66.7b14x17.3x1.5x
Mon, 05 Feb 2024US$1.2tUS$800.6bUS$55.3b13.6x20.8x1.4x
Wed, 03 Jan 2024US$1.1tUS$790.2bUS$48.8b13.1x22.7x1.4x
Fri, 01 Dec 2023US$1.1tUS$792.8bUS$47.5b12.7x22.9x1.4x
Sun, 29 Oct 2023US$1.0tUS$807.8bUS$42.9b13.6x23.8x1.3x
Tue, 26 Sep 2023US$1.1tUS$799.3bUS$38.7b14.8x27.1x1.3x
Thu, 24 Aug 2023US$1.0tUS$799.2bUS$38.7b15x26x1.3x
Sat, 22 Jul 2023US$1.0tUS$783.5bUS$37.5b15.6x27x1.3x
Mon, 19 Jun 2023US$975.6bUS$774.5bUS$35.1b16.4x27.8x1.3x
Wed, 17 May 2023US$961.3bUS$774.4bUS$35.1b16.1x27.4x1.2x
Fri, 14 Apr 2023US$972.0bUS$759.1bUS$44.1b15.5x22.1x1.3x
Price to Earnings Ratio

22.1x


Total Market Cap: US$972.0bTotal Earnings: US$44.1bTotal Revenue: US$759.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Insurance Industry Price to Earnings3Y Average 18x202420252026
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 12.3x which is lower than its 3-year average PE of 18.0x.
  • The industry is trading close to its 3-year average PS ratio of 1.5x.
Past Earnings Growth
  • The earnings for companies in the Insurance industry have grown 34% per year over the last three years.
  • Revenues for these companies have grown 7.6% 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 Market4.40%
Financials3.15%
Insurance1.31%
Life and Health Insurance3.48%
Reinsurance2.88%
Insurance Brokers0.97%
General Insurance0.71%
Property and Casualty Insurance0.67%
Industry PE
  • Investors are most optimistic about the Insurance Brokers industry even though it's trading below its 3-year average PE ratio of 36.5x.
    • Analysts are expecting annual earnings growth of 13.5%, which is lower than the prior year's growth of 50.3% per year.
  • Investors are most pessimistic about the Reinsurance industry, which is trading below its 3-year average of 12.7x.
Forecasted Growth
  • Analysts are most optimistic on the Insurance Brokers industry, expecting annual earnings growth of 13% over the next 5 years.
  • However this is lower than its past earnings growth rate of 50% per year.
  • In contrast, the Property and Casualty Insurance industry is expected to see its earnings decline by 2.1% 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
MET MetLifeUS$71.044.1%
+US$1.8b		2.5%PE14.6x
PRU Prudential FinancialUS$97.823.5%
+US$1.2b		2.1%PE9.6x
AIG American International GroupUS$76.423.2%
+US$1.1b		-1.5%PE13.2x
AFL AflacUS$110.261.9%
+US$1.1b		10.3%PE15.6x
AJG Arthur J. GallagherUS$219.271.5%
+US$852.9m		-29.5%PE37.7x

Latest News

MET
US$71.04
MetLife
7D
4.1%
1Y
2.5%
AIG
US$76.42
American International Group
7D
3.2%
1Y
-1.5%
PFG
US$91.11
Principal Financial Group
7D
3.3%
1Y
27.2%

PFG: Capital Strength And Buybacks Will Support Higher Sector Pricing

Analysts have made modest upward adjustments to Principal Financial Group's price targets, with several moving into the $85 to $95 range. They cite updated views on revenue growth, profitability, and sector valuation for life and annuity insurers.
AJG
US$219.27
Arthur J. Gallagher
7D
1.5%
1Y
-29.5%

AJG: AI Productivity And Broker Resilience Are Expected To Drive 2026 Upside

The analyst price target for Arthur J. Gallagher has been reduced by about $3 to reflect updated Street views that balance softer insurance pricing, AI-related disruption risks, and integration headwinds with what analysts describe as a resilient broker model and potential productivity gains from AI.
AFL
US$110.26
Aflac
7D
1.9%
1Y
10.3%

AFL: Future Returns Will Reflect Capital Strength And Earnings Execution Risks

Narrative Update The analyst price target framework for Aflac now centers around $113. This reflects updated Street work, with some firms raising targets toward $118 and others trimming into the $101 to $120 range as analysts refresh earnings estimates and extend their valuation horizons.
WRB
US$66.16
W. R. Berkley
7D
-0.1%
1Y
2.9%

WRB: Softer P&C Pricing And Margin Pressure Will Drive Share Re-Rating

Analysts have trimmed the average price target for W. R.
ACIC
US$11.11
American Coastal Insurance
7D
-1.8%
1Y
5.5%
SAFT
US$73.30
Safety Insurance Group
7D
-1.1%
1Y
0.4%
BNT
US$42.12
Brookfield Wealth Solutions
7D
4.8%
1Y
38.7%
ARX
US$13.17
Accelerant Holdings
7D
-1.1%
1Y
n/a
UVE
US$33.72
Universal Insurance Holdings
7D
-1.3%
1Y
58.7%
TRV
US$295.55
Travelers Companies
7D
1.3%
1Y
26.4%

TRV: Underwriting And AI Adoption Will Support Margins As Market Softens

Narrative Update on Travelers Companies Analysts have modestly raised their average price targets on Travelers, with moves such as Morgan Stanley lifting its view to $310 from $295 and Keefe Bruyette moving to $340 from $320. They generally point to differentiated underwriting, perceived margin durability, and views on reserve strength as key drivers behind the updated expectations.
HCI
US$153.97
HCI Group
7D
-0.8%
1Y
11.3%

HCI: New Share Buyback Authorization Will Support Future Upside Potential

Analysts have maintained their HCI Group price target at $245.00, indicating that their assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E in updated models remain largely unchanged. What's in the News Board of Directors authorizes a new share buyback plan for HCI Group, Inc.
PRU
US$97.82
Prudential Financial
7D
3.5%
1Y
2.1%

PRU: Capital Strength And Cash Flow Will Support Resilient Income And Buybacks

Prudential Financial's analyst price target edges lower in this update, with fair value revised from about $111.79 to $109.80 as analysts factor in slightly higher discount rates, softer revenue growth assumptions, modestly higher profit margins, and a lower future P/E multiple following recent sector wide reassessments of cash flow and private credit risk. Analyst Commentary Recent Street research on Prudential Financial points to a more cautious tone, with several firms trimming price targets and reassessing risk around cash flow, private credit exposure, and business mix.
PGR
US$196.38
Progressive
7D
-2.5%
1Y
-23.1%
PRA
US$24.20
ProAssurance
7D
-1.8%
1Y
4.5%