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U.S. Insurance Brokers Industry Analysis

UpdatedMar 16, 2026
DataAggregated Company Financials
Companies29
  • 7D-3.6%
  • 3M-12.4%
  • 1Y-28.3%
  • YTDn/a

Over the last 7 days, the Insurance Brokers industry has dropped 3.6%, driven by Marsh & McLennan Companies declining 4.3%. Meanwhile, Baldwin Insurance Group actually outperformed within the industry, gaining 5.2% in the last week. The industry has fallen 28% in the last year. 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
Mon, 16 Mar 2026US$283.6bUS$86.2bUS$11.2b20x25.3x3.3x
Wed, 11 Feb 2026US$286.1bUS$85.9bUS$11.2b19.4x25.5x3.3x
Fri, 09 Jan 2026US$322.5bUS$83.5bUS$10.7b25x30x3.9x
Sun, 07 Dec 2025US$315.3bUS$83.5bUS$10.7b24.3x29.4x3.8x
Tue, 04 Nov 2025US$312.3bUS$84.0bUS$12.0b23.9x26.1x3.7x
Thu, 02 Oct 2025US$353.1bUS$82.0bUS$10.0b29.8x35.4x4.3x
Sat, 30 Aug 2025US$355.2bUS$81.9bUS$9.9b31.3x35.8x4.3x
Mon, 28 Jul 2025US$369.2bUS$81.2bUS$9.5b30.9x39x4.5x
Wed, 25 Jun 2025US$369.4bUS$79.4bUS$9.3b33x39.8x4.7x
Fri, 23 May 2025US$371.9bUS$79.3bUS$9.2b30.6x40.2x4.7x
Sun, 20 Apr 2025US$373.8bUS$77.9bUS$9.1b35x41x4.8x
Tue, 18 Mar 2025US$385.0bUS$77.3bUS$9.1b33.4x42.1x5x
Thu, 13 Feb 2025US$370.9bUS$76.4bUS$9.0b31.5x41.4x4.9x
Sat, 11 Jan 2025US$342.1bUS$74.5bUS$7.8b28.1x43.8x4.6x
Mon, 09 Dec 2024US$356.0bUS$74.5bUS$7.8b39.2x45.7x4.8x
Wed, 06 Nov 2024US$342.8bUS$74.5bUS$7.7b28.9x44.8x4.6x
Fri, 04 Oct 2024US$341.4bUS$72.7bUS$9.4b27.1x36.2x4.7x
Sun, 01 Sep 2024US$342.7bUS$72.7bUS$9.4b27.6x36.3x4.7x
Tue, 30 Jul 2024US$326.4bUS$72.5bUS$9.3b26.9x34.9x4.5x
Thu, 27 Jun 2024US$242.8bUS$57.5bUS$6.5b27.4x37.2x4.2x
Sat, 25 May 2024US$236.2bUS$57.5bUS$6.5b27x36.3x4.1x
Mon, 22 Apr 2024US$227.4bUS$56.4bUS$6.3b26.5x36x4x
Wed, 20 Mar 2024US$236.5bUS$55.9bUS$6.2b27.8x38x4.2x
Fri, 16 Feb 2024US$222.1bUS$55.2bUS$6.2b27x36.1x4x
Sun, 14 Jan 2024US$214.5bUS$54.0bUS$5.9b27.1x36.5x4x
Tue, 12 Dec 2023US$218.3bUS$53.9bUS$5.9b24.4x37.1x4x
Thu, 09 Nov 2023US$214.0bUS$53.9bUS$5.9b23.9x36.4x4x
Sat, 07 Oct 2023US$209.7bUS$51.9bUS$5.6b20.3x37.5x4x
Mon, 04 Sep 2023US$211.8bUS$51.9bUS$5.6b28.1x38.1x4.1x
Wed, 02 Aug 2023US$203.8bUS$51.6bUS$5.6b28.1x36.6x3.9x
Fri, 30 Jun 2023US$202.7bUS$50.4bUS$5.5b25.1x36.6x4x
Sun, 28 May 2023US$189.8bUS$50.4bUS$5.5b26.5x34.4x3.8x
Tue, 25 Apr 2023US$195.8bUS$49.7bUS$5.4b25.3x36.2x3.9x
Thu, 23 Mar 2023US$172.9bUS$49.4bUS$5.3b23x32.9x3.5x
Price to Earnings Ratio

32.9x


Total Market Cap: US$172.9bTotal Earnings: US$5.3bTotal Revenue: US$49.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Insurance Brokers Industry Price to Earnings3Y Average 36.7x202420252026
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 25.3x which is lower than its 3-year average PE of 36.7x.
  • The 3-year average PS ratio of 4.2x is higher than the industry's current PS ratio of 3.3x.
Past Earnings Growth
  • The earnings for companies in the Insurance Brokers industry have grown 29% per year over the last three years.
  • Revenues for these companies have grown 20% 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 Market-2.40%
Financials-2.98%
Insurance-1.83%
Insurance Brokers-3.63%
Property and Casualty Insurance-0.70%
General Insurance-2.11%
Reinsurance-2.77%
Life and Health Insurance-3.01%
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
BWIN Baldwin Insurance GroupUS$21.065.2%
+US$101.6m		-48.1%PS1.4x
HGTY HagertyUS$10.232.7%
+US$27.3m		10.2%PE26.7x
AIFU AIFUUS$1.9910.4%
+US$23.2m		n/aPS1.4x
ABX Abacus Global ManagementUS$9.801.8%
+US$4.8m		28.9%PE26.2x
EHTH eHealthUS$1.564.7%
+US$2.2m		-79.7%PS0.09x

Latest News

HGTY
US$10.23
Hagerty
7D
2.7%
1Y
10.2%
ABX
US$9.80
Abacus Global Management
7D
1.8%
1Y
28.9%
BWIN
US$21.06
Baldwin Insurance Group
7D
5.2%
1Y
-48.1%
EZRA
US$0.19
Reliance Global Group
7D
-13.7%
1Y
-85.6%
WTW
US$289.54
Willis Towers Watson
7D
-1.7%
1Y
-11.8%

WTW: Differentiated Underwriting And Margin Durability Will Drive Upside In Softer P&C Cycle

The updated analyst price target for Willis Towers Watson edges down by about $2.60 to roughly $369, as analysts recalibrate assumptions around sector wide P&C softness, AI related headwinds, and the importance of underwriting differentiation and margin resilience. Analyst Commentary Recent Street research on Willis Towers Watson points to a mixed setup, with target prices adjusted both higher and lower as investors weigh softer P&C pricing, AI related pressures, and the importance of underwriting and margin quality.
AON
US$321.41
Aon
7D
-3.4%
1Y
-17.8%
MRSH
US$172.15
Marsh & McLennan Companies
7D
-4.3%
1Y
-26.1%
EHTH
US$1.56
eHealth
7D
4.7%
1Y
-79.7%

EHTH: Higher 2025 Earnings Guidance Will Support Margin Focused Turnaround

Analysts have sharply cut their average price target on eHealth from about $8.50 to roughly $3.75, reflecting lower $2 targets and a focus on weaker revenue expectations, along with an increased emphasis on margins and reduced customer acquisition spending. Analyst Commentary Recent research notes on eHealth highlight a meaningful reset in expectations, with price targets clustered around $2 and ratings largely at Hold.
BRO
US$68.26
Brown & Brown
7D
-3.9%
1Y
-43.2%

BRO: Ongoing Share Repurchases Will Support Future Upside Potential

Analysts have made a small downward tweak to their price target on Brown & Brown, trimming it by about $0.07 as they fine tune assumptions around fair value, discount rate, revenue growth, profit margins and future P/E. What's in the News Completed a share repurchase tranche between October 1, 2025 and December 31, 2025, buying 1,255,970 shares for US$100 million, equal to 0.37% of shares.
AJG
US$207.93
Arthur J. Gallagher
7D
-4.5%
1Y
-36.8%

AJG: Margin Durability And Softer Cycle Are Expected To Support 2026 Upside

Narrative Update: Arthur J. Gallagher (AJG) The analyst price target for Arthur J.
GSHD
US$44.17
Goosehead Insurance
7D
-7.8%
1Y
-61.9%

GSHD: Organic Expansion And Buybacks Will Support Long Term Earnings Power

Analysts have trimmed their price target on Goosehead Insurance by about $21 to $118.94. This reflects refreshed assumptions around growth, profitability, and valuation multiples following recent research updates that highlight both AI-related competitive questions and ongoing expectations for solid organic expansion.
RYAN
US$36.18
Ryan Specialty Holdings
7D
-4.4%
1Y
-49.3%

RYAN: Core Brokerage Role Will Withstand Softer P And C Cycle

Analysts have trimmed their fair value estimate for Ryan Specialty Holdings from about $66.53 to $54.88, reflecting lower Street price targets in the $43 to $65 range and updated expectations for slower revenue growth, softer profit margins, and a higher future P/E multiple. Analyst Commentary Recent Street research around Ryan Specialty Holdings has turned more cautious overall, with several firms cutting price targets and, in one case, lowering the rating.
AIFU
US$1.99
AIFU
7D
10.4%
1Y
n/a

AIFU Inc.: Private Placement And Negative Earnings Have Disinterested Investors

Feb 12
CCG
US$0.77
Cheche Group
7D
0.3%
1Y
-22.6%
MAAS
US$5.52
Maase
7D
-3.5%
1Y
n/a
HUIZ
US$1.66
Huize Holding
7D
1.8%
1Y
-49.2%

Huize Holding Limited's (NASDAQ:HUIZ) Prospects Need A Boost To Lift Shares

Jan 01
Huize Holding Limited's (NASDAQ:HUIZ) Prospects Need A Boost To Lift Shares