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U.S. Property and Casualty Insurance Industry Analysis

UpdatedJul 27, 2026
DataAggregated Company Financials
Companies67
  • 7D2.1%
  • 3M10.6%
  • 1Y12.2%
  • YTDn/a

Travelers Companies is up 5.0%, leading the way for the Property and Casualty Insurance industry, which has gained 2.1%. This means that the industry has gained 12% over the past year. Looking forward, earnings are forecast to decline by 5.6% per year.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 27 Jul 2026US$814.7bUS$548.7bUS$78.7b10.6x10.4x1.5x
Wed, 24 Jun 2026US$743.2bUS$546.1bUS$77.6b10.7x9.6x1.4x
Fri, 22 May 2026US$746.6bUS$546.1bUS$77.6b10.2x9.6x1.4x
Sun, 19 Apr 2026US$752.9bUS$541.4bUS$73.0b10.9x10.3x1.4x
Tue, 17 Mar 2026US$741.3bUS$539.6bUS$71.5b10.7x10.4x1.4x
Thu, 12 Feb 2026US$760.4bUS$542.9bUS$71.4b12.3x10.7x1.4x
Sat, 10 Jan 2026US$763.7bUS$534.3bUS$65.3b12.5x11.7x1.4x
Mon, 08 Dec 2025US$748.8bUS$534.3bUS$65.3b12.4x11.5x1.4x
Wed, 05 Nov 2025US$717.3bUS$532.7bUS$62.2b12.6x11.5x1.3x
Fri, 03 Oct 2025US$767.5bUS$524.7bUS$59.2b13.5x13x1.5x
Sun, 31 Aug 2025US$760.9bUS$524.7bUS$59.2b13.4x12.8x1.5x
Tue, 29 Jul 2025US$746.2bUS$517.0bUS$55.0b13.5x13.6x1.4x
Thu, 26 Jun 2025US$775.5bUS$509.6bUS$51.1b13.9x15.2x1.5x
Sat, 24 May 2025US$772.8bUS$508.3bUS$50.9b14.5x15.2x1.5x
Mon, 21 Apr 2025US$753.9bUS$498.7bUS$54.9b13.6x13.7x1.5x
Wed, 19 Mar 2025US$742.1bUS$471.1bUS$53.5b13.9x13.9x1.6x
Fri, 14 Feb 2025US$680.5bUS$471.2bUS$53.8b13x12.7x1.4x
Sun, 12 Jan 2025US$650.4bUS$462.2bUS$56.1b12.2x11.6x1.4x
Tue, 10 Dec 2024US$720.9bUS$462.2bUS$56.1b12.8x12.9x1.6x
Thu, 07 Nov 2024US$677.9bUS$460.5bUS$56.1b12.5x12.1x1.5x
Sat, 05 Oct 2024US$697.0bUS$443.0bUS$49.2b13.9x14.2x1.6x
Mon, 02 Sep 2024US$697.3bUS$443.0bUS$49.2b14x14.2x1.6x
Wed, 31 Jul 2024US$636.9bUS$439.3bUS$46.6b13.7x13.7x1.4x
Fri, 28 Jun 2024US$600.2bUS$420.3bUS$43.8b13.3x13.7x1.4x
Sun, 26 May 2024US$611.0bUS$420.3bUS$43.8b12.6x13.9x1.5x
Tue, 23 Apr 2024US$603.6bUS$410.8bUS$40.1b14.4x15.1x1.5x
Thu, 21 Mar 2024US$606.1bUS$406.3bUS$38.1b14.5x15.9x1.5x
Sat, 17 Feb 2024US$581.4bUS$404.1bUS$36.2b14.4x16.1x1.4x
Mon, 15 Jan 2024US$533.4bUS$396.7bUS$28.9b13.4x18.4x1.3x
Wed, 13 Dec 2023US$522.3bUS$396.7bUS$28.9b13x18.1x1.3x
Fri, 10 Nov 2023US$492.8bUS$395.4bUS$28.6b12.3x17.3x1.2x
Sun, 08 Oct 2023US$454.3bUS$360.9bUS$21.5b14.4x21.2x1.3x
Tue, 05 Sep 2023US$446.5bUS$361.2bUS$21.3b14.1x20.9x1.2x
Thu, 03 Aug 2023US$442.4bUS$356.7bUS$19.3b16.7x23x1.2x
Price to Earnings Ratio

23x


Total Market Cap: US$442.4bTotal Earnings: US$19.3bTotal Revenue: US$356.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Property and Casualty Insurance Industry Price to Earnings3Y Average 14x202420252026
Current Industry PE
  • Investors are pessimistic on the American Property and Casualty 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 10.4x which is lower than its 3-year average PE of 14.0x.
  • The industry is trading close to its 3-year average PS ratio of 1.4x.
Past Earnings Growth
  • The earnings for companies in the Property and Casualty Insurance industry have grown 60% per year over the last three years.
  • Revenues for these companies have grown 16% 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. Property and Casualty Insurance compare with similar industries?

US Market-1.05%
Financials-0.029%
Insurance0.62%
Property and Casualty Insurance2.06%
Reinsurance0.44%
Life and Health Insurance-0.82%
General Insurance-0.96%
Insurance Brokers-1.69%
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
TRV Travelers CompaniesUS$387.265.1%
+US$3.9b		51.9%PE9.8x
CB ChubbUS$359.752.0%
+US$2.0b		35.2%PE12.4x
ALL AllstateUS$259.972.5%
+US$1.6b		35.4%PE5.6x
WRB W. R. BerkleyUS$75.463.8%
+US$1.1b		11.0%PE15.2x
PGR ProgressiveUS$213.830.8%
+US$930.2m		-11.3%PE10.6x

Latest News

TRV
US$387.26
Travelers Companies
7D
5.1%
1Y
51.9%
HIG
US$140.53
Hartford Insurance Group
7D
0.02%
1Y
15.9%
Seeking Alpha • Jul 24

The Hartford: After Q2 Results, Insurer Still A Buy As Revenue Growth Outperforms

Summary The Hartford Insurance Group, Inc. gets a Buy rating after recent Q2 results. Key positives are top line growth and business insurance showing strong trends, the dividend case remaining compelling, and the investment-grade A-level credit rating. Challenges included limited near-term upside, sector competition, and the exposure to catastrophe losses. Additional risks can be posed by interest rate movements and regulatory decisions. Read the full article on Seeking Alpha
CB
US$359.75
Chubb
7D
2.0%
1Y
35.2%
Narrative Update • Jul 24

CB: Earnings Strength And Capital Returns Will Support War Risk Expansion

Analysts have lifted their fair value estimate for Chubb from about $355.83 to roughly $365.87, citing updated assumptions for revenue trends, profit margins, discount rate, and the stock's future P/E multiple. What’s in the News for Chubb Chubb reported Q2 2026 net income of US$2.85b and core operating income of US$2.84b, with core operating income up 18.2% year over year and consolidated net premiums written up 3.6%, driven by 3.0% growth in Property & Casualty and 7.5% growth in Life Insurance, according to recent earnings coverage.
PGR
US$213.83
Progressive
7D
0.8%
1Y
-11.3%
Narrative Update • Jul 24

PGR: Softer Auto Cycle Will Test Margins As Execution Remains Critical

Analysts have nudged their $191.52 fair value estimate for Progressive up to $198.00, reflecting a mix of slightly higher discount rate and P/E assumptions alongside more muted revenue growth and profit margin expectations highlighted in recent research. Analyst Commentary Recent research on Progressive points to a more mixed tone, with some firms highlighting improving underwriting and valuation support while others flag slowing growth, pressured margins, and a tougher personal auto backdrop.
AMSF
US$30.41
AMERISAFE
7D
-11.3%
1Y
-34.6%
KNSL
US$349.10
Kinsale Capital Group
7D
-0.3%
1Y
-26.1%
SAFT
US$103.20
Safety Insurance Group
7D
39.7%
1Y
47.4%
WRB
US$75.46
W. R. Berkley
7D
3.8%
1Y
11.0%
ALL
US$259.97
Allstate
7D
2.5%
1Y
35.4%
Narrative Update • Jul 21

ALL: Future Upside Seen From Underwriting Earnings Strength And Ongoing Buybacks

Analysts have lifted their fair value estimate for Allstate from $297.17 to $315.56, citing updated assumptions around revenue growth, profit margins, the discount rate, and the stock's potential future P/E multiple. What’s in the News for Allstate Allstate reported premium growth in its Property Liability segment, with earned premiums up 5.5% in Q1 2026 and underwriting income improving, supported by rate actions, broader product offerings, and expanded distribution, according to recent coverage.
LMND
US$60.14
Lemonade
7D
-10.8%
1Y
54.7%
Narrative Update • Jul 20

LMND: Softening Insurance Cycle Will Limit Upside From Autonomous Data Partnership

The analyst price target for Lemonade has been revised upward from $33 to $40, as analysts highlight sector-wide target increases and view the company as one of the smaller insurers that may be better positioned to withstand softening market conditions while continuing to grow. Analyst Commentary Recent research on Lemonade reflects a mix of optimism and caution, with several price target revisions and rating changes that highlight both the opportunities and the risks around the stock's current valuation and execution track record.
ACGL
US$103.36
Arch Capital Group
7D
1.5%
1Y
19.5%
Seeking Alpha • Jul 17

Arch Capital: The Real Test Begins As Reinsurance Pricing Softens

Summary Arch Capital retains a Conditional Quality Buy rating, contingent on maintaining profitability and book value growth amid declining reinsurance pricing. Q1 2026 results confirm robust underwriting and a 15.4% operating ROE, but headline strength reflects favorable reserve releases from prior periods. ACGL’s strong balance sheet and capital flexibility allow disciplined risk selection, enabling avoidance of poorly priced contracts without liquidity pressure. Buy thesis hinges on ACGL preserving margins and ROE as earned reinsurance premiums decline; Hold becomes justified if profitability erodes alongside volume. Read the full article on Seeking Alpha
TRUP
US$23.99
Trupanion
7D
-10.3%
1Y
-51.6%
XZO
US$15.31
Exzeo Group
7D
-6.1%
1Y
n/a
L
US$117.90
Loews
7D
2.9%
1Y
30.4%
SLDE
US$20.26
Slide Insurance Holdings
7D
-3.7%
1Y
3.5%
AIG
US$79.06
American International Group
7D
-0.9%
1Y
-0.2%
Seeking Alpha • Jul 13

AIG: An Opportunity To Buy This Global P&C Leader, While Still Undervalued

Summary American International Group (AIG) is upgraded to buy, driven by undervaluation, improving insurance metrics, and a robust investment-grade balance sheet. AIG's combined ratio and margins are improving, with the analyst consensus forecasting +12.8% YoY EPS growth and 19 upward revisions. Dividend growth and safety are meaningful, with AIG leading its peer group in 5-year dividend growth and maintaining a conservative payout ratio. Key risks remain from outsized catastrophe events, but diversified assets and liquidity position AIG as both a growth and dividend idea. Read the full article on Seeking Alpha