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U.S. Property and Casualty Insurance Industry Analysis

UpdatedApr 21, 2026
DataAggregated Company Financials
Companies67
  • 7D0.9%
  • 3M4.2%
  • 1Y4.0%
  • YTDn/a

The Property and Casualty Insurance industry has stayed flat over the last week. The past year has been better, since the industry has gained 4.0% in that time. In the next few years, earnings are forecast to decline by 2.7% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 21 Apr 2026US$752.9bUS$541.4bUS$73.0b10.9x10.3x1.4x
Thu, 19 Mar 2026US$745.5bUS$539.6bUS$71.5b10.5x10.4x1.4x
Sat, 14 Feb 2026US$767.4bUS$543.3bUS$71.6b11.8x10.7x1.4x
Mon, 12 Jan 2026US$757.7bUS$534.3bUS$65.3b12.5x11.6x1.4x
Wed, 10 Dec 2025US$750.0bUS$534.3bUS$65.3b12.5x11.5x1.4x
Fri, 07 Nov 2025US$732.5bUS$533.8bUS$65.1b12.5x11.3x1.4x
Sun, 05 Oct 2025US$777.2bUS$524.7bUS$59.2b13.7x13.1x1.5x
Tue, 02 Sep 2025US$760.9bUS$524.7bUS$59.2b13.4x12.8x1.5x
Thu, 31 Jul 2025US$737.4bUS$519.2bUS$55.7b13.5x13.2x1.4x
Sat, 28 Jun 2025US$767.3bUS$509.6bUS$51.1b14.1x15x1.5x
Mon, 26 May 2025US$773.9bUS$508.3bUS$50.9b14.5x15.2x1.5x
Wed, 23 Apr 2025US$733.0bUS$498.9bUS$54.9b13.7x13.3x1.5x
Fri, 21 Mar 2025US$726.3bUS$471.1bUS$53.5b13.9x13.6x1.5x
Sun, 16 Feb 2025US$684.4bUS$471.3bUS$53.8b12.8x12.7x1.5x
Tue, 14 Jan 2025US$650.4bUS$462.2bUS$56.1b11.8x11.6x1.4x
Thu, 12 Dec 2024US$695.7bUS$462.2bUS$56.1b12.6x12.4x1.5x
Sat, 09 Nov 2024US$697.5bUS$461.9bUS$56.2b12.5x12.4x1.5x
Mon, 07 Oct 2024US$701.4bUS$443.0bUS$49.2b13.9x14.3x1.6x
Wed, 04 Sep 2024US$697.3bUS$443.0bUS$49.2b13.8x14.2x1.6x
Fri, 02 Aug 2024US$643.8bUS$442.1bUS$48.8b13.2x13.2x1.5x
Sun, 30 Jun 2024US$600.2bUS$420.3bUS$43.8b13.1x13.7x1.4x
Tue, 28 May 2024US$611.0bUS$420.3bUS$43.8b12.6x13.9x1.5x
Thu, 25 Apr 2024US$606.7bUS$413.0bUS$40.5b14x15x1.5x
Sat, 23 Mar 2024US$605.9bUS$406.3bUS$38.1b14.6x15.9x1.5x
Mon, 19 Feb 2024US$580.4bUS$405.4bUS$37.0b14.4x15.7x1.4x
Wed, 17 Jan 2024US$533.4bUS$396.7bUS$28.9b13.1x18.4x1.3x
Fri, 15 Dec 2023US$519.8bUS$396.7bUS$28.9b12.7x18x1.3x
Sun, 12 Nov 2023US$495.5bUS$395.4bUS$28.5b12.4x17.4x1.3x
Tue, 10 Oct 2023US$456.3bUS$360.9bUS$21.5b14.5x21.3x1.3x
Thu, 07 Sep 2023US$441.0bUS$361.2bUS$21.3b14x20.7x1.2x
Sat, 05 Aug 2023US$441.4bUS$360.0bUS$20.9b15.9x21.1x1.2x
Mon, 03 Jul 2023US$427.6bUS$343.4bUS$15.9b16.5x26.9x1.2x
Wed, 31 May 2023US$416.4bUS$340.2bUS$14.1b17.7x29.5x1.2x
Fri, 28 Apr 2023US$434.4bUS$322.9bUS$14.7b19x29.6x1.3x
Price to Earnings Ratio

29.6x


Total Market Cap: US$434.4bTotal Earnings: US$14.7bTotal Revenue: US$322.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Property and Casualty Insurance Industry Price to Earnings3Y Average 15.7x202420252026
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 10.3x which is lower than its 3-year average PE of 15.7x.
  • 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 71% per year over the last three years.
  • Revenues for these companies have grown 19% 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 Market3.58%
Financials2.35%
Insurance1.71%
Property and Casualty Insurance0.90%
Life and Health Insurance3.25%
Reinsurance3.23%
Insurance Brokers2.29%
General Insurance0.84%
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
PGR ProgressiveUS$203.782.1%
+US$2.3b		-20.8%PE10.3x
FNF Fidelity National FinancialUS$50.427.1%
+US$902.9m		-15.4%PE22.7x
LMND LemonadeUS$68.6716.9%
+US$758.5m		166.9%PS7.1x
NP Neptune Insurance HoldingsUS$28.7812.6%
+US$444.9m		n/aPS24.9x
AIG American International GroupUS$78.560.9%
+US$390.5m		-1.0%PE13.6x

Latest News

NP
US$28.78
Neptune Insurance Holdings
7D
12.6%
1Y
n/a
FNF
US$50.42
Fidelity National Financial
7D
7.1%
1Y
-15.4%
TRV
US$300.78
Travelers Companies
7D
-0.2%
1Y
20.5%
LMND
US$68.67
Lemonade
7D
16.9%
1Y
166.9%

LMND: Tesla Partnership And Automation Push Will Shape Balanced Profit Outlook

Analysts have nudged Lemonade's fair value estimate lower by about $2 to $65.11, reflecting updated views on its long term earnings potential and evolving expectations around growth, profitability and future P/E multiples, following recent research on the Tesla partnership and the cost of pushing further into automation and bundled offerings. Analyst Commentary Recent Street research around Lemonade centers on how the Tesla partnership, automation push and bundling efforts could reshape the business over time, with valuation targets moving in both directions as analysts weigh execution risk against long term potential.
AFG
US$129.98
American Financial Group
7D
-1.7%
1Y
3.6%

AFG: Buybacks And Special Dividend Will Support Steady Shareholder Returns At Fair Value

Analysts have slightly reduced their average price target for American Financial Group, from about $141.50 to roughly $140.83. This reflects updated views on fair value that incorporate modest adjustments to revenue growth, profit margin and forward P/E assumptions.
EIG
US$42.28
Employers Holdings
7D
0.6%
1Y
-10.7%
RLI
US$57.85
RLI
7D
-1.5%
1Y
-23.3%

RLI: Future Outlook Will Reflect Mixed Rating Changes And Margin Caution

RLI's updated analyst price target edges lower to $58.00, with analysts pointing to more cautious assumptions around revenue growth and profit margins, as well as a slightly higher future P/E to support the revision. Analyst Commentary Recent Street research on RLI clusters around lower price targets, with one upgrade contrasting with several reductions.
WRB
US$66.20
W. R. Berkley
7D
-1.1%
1Y
-1.7%

WRB: Sector Headwinds And 2026 Execution Risks Will Drive Share Re Rating

Analysts have trimmed the W. R.
PGR
US$203.78
Progressive
7D
2.1%
1Y
-20.8%
FAF
US$66.35
First American Financial
7D
5.5%
1Y
16.4%

FAF: Governance Reforms And Stable P E Will Support Future Upside

Analysts have increased their price target for First American Financial to $82.00 from $81.60, reflecting updated assumptions around fair value and a slightly higher future P/E multiple. What's in the News At the annual meeting scheduled for May 12, 2026, shareholders will vote on proposed amendments to eliminate supermajority voting requirements in the Certificate of Incorporation (Key Developments).
HIG
US$138.94
Hartford Insurance Group
7D
-0.09%
1Y
21.6%
CINF
US$165.99
Cincinnati Financial
7D
1.4%
1Y
30.0%

CINF: Dividend Policy, Buybacks And P/E Expectations Will Shape Future Returns

Analysts have trimmed their price target on Cincinnati Financial by $1 to $173.50, citing updated assumptions around revenue growth, profit margins, and future P/E expectations. Analyst Commentary Analysts trimming the price target to $173.50 reflects a more measured view on how Cincinnati Financial might balance growth, profitability, and valuation from here.
ORI
US$42.50
Old Republic International
7D
2.4%
1Y
15.8%
AIG
US$78.56
American International Group
7D
0.9%
1Y
-1.0%

AIG: Capital Flexibility And Strong Underwriting Will Drive Future Re Rating

Analysts have nudged the blended price target for American International Group slightly higher to $87.20. This reflects incremental adjustments to earnings assumptions and valuation multiples after a mix of target increases and reductions across recent research updates.
ERIE
US$253.63
Erie Indemnity
7D
-2.9%
1Y
-35.8%
WTM
US$2,275.01
White Mountains Insurance Group
7D
-1.0%
1Y
33.9%