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

U.S. Insurance Industry Analysis

UpdatedDec 15, 2025
DataAggregated Company Financials
Companies127
  • 7D3.6%
  • 3M1.2%
  • 1Y1.0%
  • YTD3.7%

In the last week, the Insurance industry is up 3.6%, with Progressive up 5.4%. 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 6.7% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 15 Dec 2025US$1.4tUS$931.1bUS$99.3b13.4x14.1x1.5x
Wed, 12 Nov 2025US$1.4tUS$931.8bUS$100.0b13.2x13.5x1.5x
Fri, 10 Oct 2025US$1.4tUS$919.0bUS$88.6b13.9x16.2x1.6x
Sun, 07 Sep 2025US$1.4tUS$919.1bUS$88.6b14.4x16.1x1.5x
Tue, 05 Aug 2025US$1.4tUS$916.8bUS$88.7b13.9x15.2x1.5x
Thu, 03 Jul 2025US$1.4tUS$904.1bUS$82.6b14.4x17.4x1.6x
Sat, 31 May 2025US$1.5tUS$902.7bUS$82.3b15.1x17.6x1.6x
Mon, 28 Apr 2025US$1.4tUS$904.3bUS$91.2b13.5x15.3x1.5x
Wed, 26 Mar 2025US$1.5tUS$897.3bUS$93.0b14.1x15.9x1.6x
Fri, 21 Feb 2025US$1.4tUS$895.7bUS$93.2b12.5x15.1x1.6x
Sun, 19 Jan 2025US$1.4tUS$892.9bUS$91.5b13.1x15.1x1.5x
Tue, 17 Dec 2024US$1.4tUS$893.2bUS$91.1b13.1x15.2x1.5x
Thu, 14 Nov 2024US$1.4tUS$892.1bUS$91.1b13.5x15.6x1.6x
Sat, 12 Oct 2024US$1.4tUS$855.0bUS$87.4b13.9x15.9x1.6x
Mon, 09 Sep 2024US$1.4tUS$855.4bUS$87.0b13.8x15.7x1.6x
Wed, 07 Aug 2024US$1.3tUS$851.7bUS$86.8b13.4x14.5x1.5x
Fri, 05 Jul 2024US$1.2tUS$823.2bUS$79.2b13.4x14.8x1.4x
Sun, 02 Jun 2024US$1.2tUS$823.4bUS$79.2b12.9x15.1x1.5x
Tue, 30 Apr 2024US$1.1tUS$804.1bUS$71.4b14.2x16x1.4x
Thu, 28 Mar 2024US$1.2tUS$792.7bUS$66.9b15.1x17.9x1.5x
Sat, 24 Feb 2024US$1.1tUS$791.5bUS$65.5b14.3x17.4x1.4x
Mon, 22 Jan 2024US$1.1tUS$790.2bUS$48.8b12.7x23.5x1.5x
Wed, 20 Dec 2023US$1.1tUS$792.9bUS$47.7b13.2x22.9x1.4x
Fri, 17 Nov 2023US$1.1tUS$792.7bUS$47.3b12.6x22.8x1.4x
Sun, 15 Oct 2023US$1.0tUS$799.5bUS$38.9b15x27x1.3x
Tue, 12 Sep 2023US$1.0tUS$799.3bUS$38.7b14.5x26.6x1.3x
Thu, 10 Aug 2023US$1.0tUS$797.9bUS$38.1b14.5x26.7x1.3x
Sat, 08 Jul 2023US$985.2bUS$777.8bUS$36.9b16.1x26.7x1.3x
Mon, 05 Jun 2023US$955.1bUS$774.5bUS$35.2b15.2x27.2x1.2x
Wed, 03 May 2023US$973.4bUS$768.2bUS$45.3b15x21.5x1.3x
Fri, 31 Mar 2023US$949.2bUS$759.1bUS$44.1b15.1x21.5x1.3x
Sun, 26 Feb 2023US$1.0tUS$763.7bUS$42.9b16.3x23.9x1.3x
Tue, 24 Jan 2023US$1.0tUS$778.5bUS$54.8b14.6x18.8x1.3x
Thu, 22 Dec 2022US$1.0tUS$777.8bUS$54.7b14.8x18.6x1.3x
Price to Earnings Ratio

18.6x


Total Market Cap: US$1.0tTotal Earnings: US$54.7bTotal Revenue: US$777.8bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Insurance Industry Price to Earnings3Y Average 18.8x202320242025
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 14.1x which is lower than its 3-year average PE of 18.8x.
  • 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 22% 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 Market-0.59%
Financials2.21%
Insurance3.58%
General Insurance5.61%
Reinsurance4.56%
Property and Casualty Insurance4.02%
Insurance Brokers3.06%
Life and Health Insurance2.75%
Industry PE
  • Investors are most optimistic about the Insurance Brokers industry even though it's trading below its 3-year average PE ratio of 37.4x.
    • Analysts are expecting annual earnings growth of 16.3%, which is higher than its past year's earnings growth of 11.6% per year.
  • Investors are most pessimistic about the General Insurance industry, which is trading close to its 3-year average of 12.1x.
Forecasted Growth
  • Analysts are most optimistic on the Reinsurance industry, expecting annual earnings growth of 21% over the next 5 years.
  • This is better than its past earnings decline of 34% 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
PGR ProgressiveUS$234.855.2%
+US$6.9b		-6.2%PE12.9x
AIG American International GroupUS$84.9011.3%
+US$4.6b		17.8%PE13.9x
AJG Arthur J. GallagherUS$255.387.4%
+US$4.5b		-10.7%PE41x
CB ChubbUS$308.473.8%
+US$4.4b		11.9%PE12.5x
MET MetLifeUS$82.165.2%
+US$2.7b		-0.7%PE14.9x

Latest News

AIG
US$84.90
American International Group
7D
11.3%
1Y
17.8%
CB
US$308.47
Chubb
7D
3.8%
1Y
11.9%
AJG
US$255.38
Arthur J. Gallagher
7D
7.4%
1Y
-10.7%

AJG: Maintained 6% Organic Outlook And Q4 Rebound Will Support 2026 Recovery

Arthur J. Gallagher's analyst price target has been revised modestly lower, with fair value edging down by about $3 to roughly $308 as analysts factor in a recent Q3 earnings miss, softer brokerage trends, and broader P&C valuation pressure, even as they maintain confidence in the company's longer term growth outlook into 2026.
TRUP
US$36.35
Trupanion
7D
-2.5%
1Y
-32.9%

TRUP: Future Margin Recovery Will Support Strengthening Long Term Earnings Power

Analysts have modestly reduced their price target on Trupanion from 45.00 dollars to 42.00 dollars. This reflects more conservative assumptions for revenue growth, profit margins, and valuation multiples, despite a largely unchanged risk outlook.
PGR
US$234.85
Progressive
7D
5.2%
1Y
-6.2%

PGR: Strong Underwriting And Policy Momentum Will Drive Earnings Power Ahead

Analysts modestly reduced their price target on Progressive to about $325 from roughly $344, reflecting slightly lower assumptions for revenue growth and profit margins. They also cite resilient policy growth, solid underwriting performance, and ongoing earnings power as supporting the stock's longer term value.
PRU
US$116.96
Prudential Financial
7D
5.1%
1Y
-3.0%
KG
US$10.37
Kestrel Group
7D
-17.8%
1Y
n/a
FGNX
US$2.59
FG Nexus
7D
-11.3%
1Y
-89.5%
BNT
US$45.77
Brookfield Wealth Solutions
7D
-1.4%
1Y
16.1%
OSCR
US$16.63
Oscar Health
7D
-0.6%
1Y
19.6%

OSCR: Aggressive Premium Hikes Will Test Margin Recovery Amid Policy Uncertainty

The analyst price target for Oscar Health has been raised meaningfully, with fair value increasing from $12.88 to $14.38 per share. Analysts attribute this change to stronger long-term revenue growth prospects, slightly lower perceived risk, and higher future earnings multiples, despite modestly lower margin assumptions.
MMC
US$186.21
Marsh & McLennan Companies
7D
2.5%
1Y
-12.6%

MMC: Future Earnings Will Stay Resilient Amid Softer Property And Casualty Cycle

Analysts have trimmed their price target on Marsh & McLennan Companies to $212.35 from $214.26, reflecting slightly lower medium term growth and margin expectations amid a softer property and casualty backdrop and mixed views on the stock's valuation. Analyst Commentary Recent Street research reflects a more mixed stance on Marsh & McLennan Companies, with modestly reduced price targets offset by a few upward revisions and continued confidence in the company’s earnings quality and balance sheet strength.
AON
US$353.79
Aon
7D
3.0%
1Y
-2.2%

AON: Data Center And AI Risk Demand Will Drive Future Upside

Analysts have trimmed their fair value estimate for Aon slightly, to about $400.50 from roughly $402.67. Modestly higher earnings expectations and solid Q3 execution are balanced against a more cautious sector outlook and limited perceived upside to current price targets.
YB
US$19.81
Yuanbao
7D
-9.7%
1Y
n/a
MET
US$82.16
MetLife
7D
5.2%
1Y
-0.7%
KFS
US$12.73
Kingsway Financial Services
7D
-0.5%
1Y
48.9%
TIRX
US$0.62
Tian Ruixiang Holdings
7D
-16.9%
1Y
n/a