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U.S. Insurance Brokers Industry Analysis

UpdatedJun 15, 2026
DataAggregated Company Financials
Companies28
  • 7D3.8%
  • 3M0.7%
  • 1Y-23.1%
  • YTDn/a

In the last week, the Insurance Brokers industry is up 3.8%, with Marsh & McLennan Companies up 3.8%. During this same period, the Accelerant Holdings underperformed, falling 9.0%. In contrast, the industry has lost 23% in the last 12 months. Looking forward, earnings are forecast to grow by 13% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 16 Jun 2026US$285.5bUS$89.1bUS$10.9b22.1x26.1x3.2x
Thu, 14 May 2026US$267.7bUS$88.9bUS$10.9b22.9x24.5x3x
Sat, 11 Apr 2026US$287.6bUS$86.4bUS$11.2b21.2x25.7x3.3x
Mon, 09 Mar 2026US$302.6bUS$86.1bUS$11.2b21.3x27.1x3.5x
Wed, 04 Feb 2026US$315.8bUS$85.9bUS$11.7b21.1x26.9x3.7x
Fri, 02 Jan 2026US$325.0bUS$83.5bUS$10.7b24.8x30.3x3.9x
Sun, 30 Nov 2025US$321.6bUS$83.4bUS$10.7b24.8x30.1x3.9x
Tue, 28 Oct 2025US$327.9bUS$82.6bUS$9.9b28.5x33.1x4x
Thu, 25 Sep 2025US$348.2bUS$82.0bUS$10.0b29.3x34.9x4.2x
Sat, 23 Aug 2025US$365.0bUS$81.9bUS$9.8b31.6x37.2x4.5x
Mon, 21 Jul 2025US$344.2bUS$80.2bUS$9.4b27.7x36.7x4.3x
Wed, 18 Jun 2025US$359.6bUS$79.4bUS$9.3b29.9x38.7x4.5x
Fri, 16 May 2025US$363.5bUS$79.3bUS$9.2b30.7x39.3x4.6x
Sun, 13 Apr 2025US$384.6bUS$77.3bUS$9.1b57x42.1x5x
Tue, 11 Mar 2025US$389.0bUS$77.3bUS$9.1b45.5x42.5x5x
Thu, 06 Feb 2025US$364.0bUS$76.4bUS$8.9b30.8x40.8x4.8x
Sat, 04 Jan 2025US$331.5bUS$74.5bUS$7.8b28.4x42.5x4.4x
Mon, 02 Dec 2024US$368.6bUS$74.5bUS$7.8b33x47.3x4.9x
Wed, 30 Oct 2024US$344.7bUS$74.1bUS$9.4b27.1x36.5x4.6x
Fri, 27 Sep 2024US$338.7bUS$72.7bUS$9.4b27.3x35.9x4.7x
Sun, 25 Aug 2024US$328.9bUS$72.7bUS$9.4b26.8x34.9x4.5x
Tue, 23 Jul 2024US$249.8bUS$58.0bUS$6.6b26.9x37.6x4.3x
Thu, 20 Jun 2024US$242.0bUS$57.5bUS$6.5b27.8x37x4.2x
Sat, 18 May 2024US$238.0bUS$57.5bUS$6.5b27.2x36.6x4.1x
Mon, 15 Apr 2024US$223.8bUS$55.9bUS$6.1b26.6x36.4x4x
Wed, 13 Mar 2024US$235.4bUS$55.6bUS$6.1b27.1x38.3x4.2x
Fri, 09 Feb 2024US$218.3bUS$55.2bUS$6.2b26.2x35.5x4x
Sun, 07 Jan 2024US$207.4bUS$54.0bUS$5.9b25.5x35.3x3.8x
Tue, 05 Dec 2023US$218.2bUS$54.0bUS$5.9b24.4x37x4x
Thu, 02 Nov 2023US$208.6bUS$53.6bUS$5.8b23.5x36.2x3.9x
Sat, 30 Sep 2023US$210.4bUS$51.9bUS$5.6b22.5x37.7x4x
Mon, 28 Aug 2023US$208.5bUS$51.8bUS$5.5b28.1x37.6x4x
Wed, 26 Jul 2023US$209.3bUS$51.1bUS$5.7b25.1x36.8x4.1x
Fri, 23 Jun 2023US$199.4bUS$50.4bUS$5.5b24.9x36x4x
Price to Earnings Ratio

36x


Total Market Cap: US$199.4bTotal Earnings: US$5.5bTotal Revenue: US$50.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Insurance Brokers Industry Price to Earnings3Y Average 35.9x202420252026
Current Industry PE
  • Investors are pessimistic on the American Insurance Brokers 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 26.1x which is lower than its 3-year average PE of 35.9x.
  • The 3-year average PS ratio of 4.2x is higher than the industry's current PS ratio of 3.2x.
Past Earnings Growth
  • The earnings for companies in the Insurance Brokers industry have grown 25% per year over the last three years.
  • Revenues for these companies have grown 21% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does U.S. Insurance Brokers compare with similar industries?

US Market0.50%
Financials2.79%
Insurance3.03%
Insurance Brokers3.82%
Reinsurance4.69%
Life and Health Insurance4.37%
General Insurance4.08%
Property and Casualty Insurance2.16%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
MAAS MaaseUS$15.2247.3%
+US$2.2b		n/aPS13066.6x
MRSH Marsh & McLennan CompaniesUS$166.192.3%
+US$1.8b		-23.3%PE20.5x
AJG Arthur J. GallagherUS$215.741.5%
+US$827.4m		-31.8%PE34.4x
AON AonUS$329.511.1%
+US$781.7m		-5.9%PE17.9x
RYAN Ryan Specialty HoldingsUS$35.3411.7%
+US$477.7m		-46.0%PE42.1x

Latest News

WTW
US$257.85
Willis Towers Watson
7D
-0.1%
1Y
-13.4%
GSHD
US$36.08
Goosehead Insurance
7D
-1.2%
1Y
-64.4%
ARX
US$13.00
Accelerant Holdings
7D
-9.2%
1Y
n/a
AJG
US$215.74
Arthur J. Gallagher
7D
1.5%
1Y
-31.8%
Seeking Alpha • Jun 14

Arthur J. Gallagher & Co.: Bolt-On Acquisitions Fuel Growth

Summary Arthur J. Gallagher & Co. leverages organic growth and aggressive M&A to drive industry-leading expansion in the fragmented insurance brokerage sector. Q1 2026 results reinforced the thesis: revenue surged 27.7% year-over-year, with 5% organic growth and strong EPS outperformance. AJG trades at a forward PE of 16.36 and a discount to a fair value estimate of $306, supporting a bullish total return outlook. Risks include a softening P&C market and integration challenges from recent acquisitions, but AJG's disciplined execution and low payout ratio underpin dividend growth. Read the full article on Seeking Alpha
MAAS
US$15.22
Maase
7D
47.3%
1Y
n/a
AON
US$329.51
Aon
7D
1.1%
1Y
-5.9%
GOCO
US$0.30
GoHealth
7D
-19.7%
1Y
-94.7%
BRO
US$59.28
Brown & Brown
7D
2.2%
1Y
-44.7%
Narrative Update • Jun 11

BRO: Accession Synergies And Technology Investments Will Support Future Upside

Analysts have trimmed their price target on Brown & Brown to $71.50 from $73, reflecting slightly adjusted assumptions on long term growth, profit margins, and future P/E multiples. What's in the News Brown & Brown reported Q1 2026 total revenue of US$35.4 for every US$100 of the prior period level and an improved EBITDAC margin, according to recent coverage as of 2 Jun 2026.
RYAN
US$35.34
Ryan Specialty Holdings
7D
11.7%
1Y
-46.0%
BWIN
US$18.16
Baldwin Insurance Group
7D
-5.6%
1Y
-53.1%
Narrative Update • Jun 05

BWIN: Margin Execution And Buybacks Will Support Upside Despite Cautious Street Tone

Analysts have trimmed their average price target on Baldwin Insurance Group by a few dollars to $40. They cited slightly softer revenue growth assumptions, along with a modestly higher discount rate and a marginally lower future P/E, partly offset by expectations for stronger profit margins.
MRSH
US$166.19
Marsh & McLennan Companies
7D
2.3%
1Y
-23.3%
CCG
US$0.42
Cheche Group
7D
-16.9%
1Y
-45.7%
ABX
US$9.65
Abacus Global Management
7D
10.8%
1Y
59.0%
LIFE
US$16.46
Ethos Technologies
7D
-1.4%
1Y
n/a
NP
US$27.56
Neptune Insurance Holdings
7D
11.9%
1Y
n/a
ZBAO
US$0.61
Zhibao Technology
7D
-9.9%
1Y
-39.0%