Principal Financial Group (NASDAQ:PFG) Has Announced That It Will Be Increasing Its Dividend To $0.73
Nov 20
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U.S. Insurance Industry Analysis
UpdatedNov 20, 2024
DataAggregated Company Financials
Companies122
- 7D-0.8%
- 3M6.6%
- 1Y30.5%
- YTD29.5%
The Insurance is pretty flat in the last 7 days, but Oscar Health has stood out, gaining 34%. As for the the longer term, the industry is up 30% over the past 12 months. Looking forward, earnings are forecast to grow by 12% annually.
Industry Valuation and Performance
Has the U.S. Insurance Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 20 Nov 2024 | US$1.4t | US$893.3b | US$91.0b | 13.5x | 15.7x | 1.6x |
| Fri, 18 Oct 2024 | US$1.4t | US$860.8b | US$89.5b | 14.3x | 15.8x | 1.6x |
| Sun, 15 Sep 2024 | US$1.4t | US$855.5b | US$87.0b | 14.2x | 15.9x | 1.6x |
| Tue, 13 Aug 2024 | US$1.3t | US$855.4b | US$87.0b | 13.4x | 14.8x | 1.5x |
| Thu, 11 Jul 2024 | US$1.2t | US$820.7b | US$79.0b | 13.5x | 14.8x | 1.4x |
| Sat, 08 Jun 2024 | US$1.2t | US$823.4b | US$79.2b | 12.7x | 14.8x | 1.4x |
| Mon, 06 May 2024 | US$1.1t | US$818.7b | US$78.8b | 14.1x | 14.6x | 1.4x |
| Wed, 03 Apr 2024 | US$1.2t | US$792.6b | US$66.9b | 15.1x | 17.9x | 1.5x |
| Fri, 01 Mar 2024 | US$1.2t | US$791.6b | US$66.2b | 14.9x | 17.4x | 1.5x |
| Sun, 28 Jan 2024 | US$1.2t | US$794.3b | US$49.9b | 13.2x | 23.3x | 1.5x |
| Tue, 26 Dec 2023 | US$1.1t | US$792.9b | US$47.7b | 12.7x | 22.8x | 1.4x |
| Thu, 23 Nov 2023 | US$1.1t | US$792.6b | US$47.3b | 13.2x | 22.9x | 1.4x |
| Sat, 21 Oct 2023 | US$1.0t | US$804.2b | US$40.0b | 14.6x | 25.8x | 1.3x |
| Mon, 18 Sep 2023 | US$1.0t | US$799.3b | US$38.7b | 14.9x | 26.9x | 1.3x |
| Wed, 16 Aug 2023 | US$1.0t | US$799.0b | US$38.6b | 14.9x | 26.2x | 1.3x |
| Fri, 14 Jul 2023 | US$980.5b | US$781.6b | US$37.8b | 15.5x | 25.9x | 1.3x |
| Sun, 11 Jun 2023 | US$966.2b | US$774.5b | US$35.1b | 15.3x | 27.5x | 1.2x |
| Tue, 09 May 2023 | US$977.3b | US$772.5b | US$41.0b | 15.2x | 23.8x | 1.3x |
| Thu, 06 Apr 2023 | US$961.5b | US$759.1b | US$44.1b | 14.9x | 21.8x | 1.3x |
| Sat, 04 Mar 2023 | US$1.0t | US$759.6b | US$44.3b | 16.1x | 23.1x | 1.3x |
| Mon, 30 Jan 2023 | US$1.0t | US$780.3b | US$53.6b | 15.9x | 19.4x | 1.3x |
| Wed, 28 Dec 2022 | US$1.0t | US$777.8b | US$54.7b | 14.9x | 18.6x | 1.3x |
| Fri, 25 Nov 2022 | US$1.0t | US$774.4b | US$53.9b | 14.5x | 19.1x | 1.3x |
| Sun, 23 Oct 2022 | US$947.1b | US$769.3b | US$63.5b | 13.5x | 14.9x | 1.2x |
| Tue, 20 Sep 2022 | US$961.5b | US$795.2b | US$74.2b | 13.8x | 13x | 1.2x |
| Thu, 18 Aug 2022 | US$942.7b | US$767.3b | US$63.3b | 13.9x | 14.9x | 1.2x |
| Sat, 16 Jul 2022 | US$914.9b | US$783.4b | US$78.7b | 11.3x | 11.6x | 1.2x |
| Mon, 13 Jun 2022 | US$954.8b | US$787.8b | US$79.2b | 11.2x | 12x | 1.2x |
| Wed, 11 May 2022 | US$1.0t | US$786.7b | US$79.4b | 10.7x | 12.9x | 1.3x |
| Fri, 08 Apr 2022 | US$1.1t | US$782.0b | US$87.2b | 10.9x | 12.7x | 1.4x |
| Sun, 06 Mar 2022 | US$1.1t | US$817.3b | US$91.2b | 10.2x | 11.6x | 1.3x |
| Tue, 01 Feb 2022 | US$1.1t | US$804.2b | US$88.1b | 11.2x | 12.2x | 1.3x |
| Thu, 30 Dec 2021 | US$1.1t | US$801.0b | US$88.3b | 10.8x | 12.3x | 1.4x |
| Sat, 27 Nov 2021 | US$1.1t | US$801.0b | US$88.3b | 10.6x | 11.9x | 1.3x |
Price to Earnings Ratio
11.9x
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 15.7x which is lower than its 3-year average PE of 18.1x.
- The 3-year average PS ratio of 1.4x is lower than the industry's current PS ratio of 1.6x.
Past Earnings Growth
- The earnings for companies in the Insurance industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 3.7% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.
Industry Trends
Which industries have driven the changes within the U.S. Financials industry?
| US Market | -1.19% | |
| Financials | -0.27% | |
| Insurance | -0.80% | |
| General Insurance | 0.43% | |
| Life and Health Insurance | -0.0069% | |
| Reinsurance | -0.15% | |
| Property and Casualty Insurance | -0.72% | |
| Insurance Brokers | -1.77% | |
Industry PE
- Investors are most optimistic about the Insurance Brokers industry which is trading above its 3-year average PE ratio of 35.1x.
- Analysts are expecting annual earnings growth of 23.8%, which is higher than its past year's earnings decline of 9.6% 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 General Insurance industry, expecting annual earnings growth of 37% over the next 5 years.
- However this is lower than its past earnings growth rate of 138% per year.
- In contrast, the Reinsurance industry is expected to see its earnings grow by 2.7% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| OSCR Oscar Health | US$18.01 | 33.6% +US$1.1b | 111.9% | PE153.6x | |
| TRV Travelers Companies | US$259.27 | 1.0% +US$590.2m | 47.2% | PE13.1x | |
| LMND Lemonade | US$40.14 | 25.5% +US$581.9m | 140.8% | PS5.8x | |
| MET MetLife | US$82.63 | 0.7% +US$422.4m | 31.2% | PE16.1x | |
| ROOT Root | US$101.07 | 33.8% +US$385.4m | 971.8% | PS1.5x |
