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U.S. Property and Casualty Insurance Industry Analysis

UpdatedApr 09, 2026
DataAggregated Company Financials
Companies68
  • 7D3.0%
  • 3M-1.2%
  • 1Y0.2%
  • YTDn/a

In the last week, the Property and Casualty Insurance industry is up 3.0%, with Progressive up 2.4%. The industry has been flat over the past 12 months despite the gain this week. In the next few years, earnings are forecast to decline by 2.1% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 10 Apr 2026US$733.6bUS$539.5bUS$71.4b10.6x10.3x1.4x
Sun, 08 Mar 2026US$757.8bUS$541.6bUS$71.5b11.1x10.6x1.4x
Tue, 03 Feb 2026US$748.4bUS$538.7bUS$66.7b12.6x11.2x1.4x
Thu, 01 Jan 2026US$785.1bUS$534.3bUS$65.3b12.8x12x1.5x
Sat, 29 Nov 2025US$772.9bUS$534.3bUS$65.3b12.7x11.8x1.4x
Mon, 27 Oct 2025US$737.1bUS$530.9bUS$61.1b12.3x12.1x1.4x
Wed, 24 Sep 2025US$752.0bUS$524.7bUS$59.2b13.3x12.7x1.4x
Fri, 22 Aug 2025US$771.0bUS$524.2bUS$59.2b13.4x13x1.5x
Sun, 20 Jul 2025US$748.3bUS$514.2bUS$53.8b13.7x13.9x1.5x
Tue, 17 Jun 2025US$770.6bUS$508.7bUS$50.9b14.1x15.1x1.5x
Thu, 15 May 2025US$780.9bUS$508.2bUS$51.0b14.7x15.3x1.5x
Sat, 12 Apr 2025US$749.0bUS$498.1bUS$55.7b13.1x13.5x1.5x
Mon, 10 Mar 2025US$719.8bUS$471.1bUS$53.5b13.4x13.5x1.5x
Wed, 05 Feb 2025US$684.8bUS$469.8bUS$56.7b12.5x12.1x1.5x
Fri, 03 Jan 2025US$682.2bUS$462.2bUS$56.1b12.5x12.2x1.5x
Sun, 01 Dec 2024US$741.5bUS$462.2bUS$56.1b13.4x13.2x1.6x
Tue, 29 Oct 2024US$681.9bUS$451.9bUS$52.6b12.7x13x1.5x
Thu, 26 Sep 2024US$702.4bUS$443.0bUS$49.2b13.9x14.3x1.6x
Sat, 24 Aug 2024US$669.5bUS$443.0bUS$49.2b13.6x13.6x1.5x
Mon, 22 Jul 2024US$625.4bUS$435.6bUS$46.3b12.7x13.5x1.4x
Wed, 19 Jun 2024US$600.7bUS$420.3bUS$43.8b13x13.7x1.4x
Fri, 17 May 2024US$605.8bUS$420.0bUS$43.8b12.7x13.8x1.4x
Sun, 14 Apr 2024US$590.9bUS$409.3bUS$40.0b14x14.8x1.4x
Tue, 12 Mar 2024US$595.1bUS$406.4bUS$38.0b14.1x15.6x1.5x
Thu, 08 Feb 2024US$560.6bUS$402.0bUS$32.5b14.5x17.3x1.4x
Sat, 06 Jan 2024US$526.6bUS$396.7bUS$28.9b13.1x18.2x1.3x
Mon, 04 Dec 2023US$516.7bUS$396.5bUS$28.8b12.8x18x1.3x
Wed, 01 Nov 2023US$468.0bUS$368.0bUS$25.1b13.5x18.6x1.3x
Fri, 29 Sep 2023US$457.3bUS$361.2bUS$21.3b14.7x21.4x1.3x
Sun, 27 Aug 2023US$437.7bUS$361.2bUS$21.3b13.9x20.5x1.2x
Tue, 25 Jul 2023US$435.7bUS$348.7bUS$16.4b18.5x26.6x1.2x
Thu, 22 Jun 2023US$422.6bUS$340.2bUS$14.1b18.2x30x1.2x
Sat, 20 May 2023US$435.4bUS$340.2bUS$14.1b18.7x30.9x1.3x
Mon, 17 Apr 2023US$430.1bUS$329.4bUS$14.5b18.1x29.6x1.3x
Price to Earnings Ratio

29.6x


Total Market Cap: US$430.1bTotal Earnings: US$14.5bTotal Revenue: US$329.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Property and Casualty Insurance Industry Price to Earnings3Y Average 15.9x202420252026
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 15.9x.
  • 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 70% per year over the last three years.
  • Revenues for these companies have grown 18% 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 Market2.97%
Financials3.58%
Insurance2.95%
Property and Casualty Insurance2.95%
General Insurance4.32%
Reinsurance3.63%
Life and Health Insurance3.16%
Insurance Brokers2.65%
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$198.092.4%
+US$2.8b		-26.7%PE10.2x
ALL AllstateUS$212.073.9%
+US$2.1b		9.9%PE5.4x
CB ChubbUS$332.641.7%
+US$1.8b		16.9%PE12.5x
TRV Travelers CompaniesUS$301.593.8%
+US$1.3b		21.6%PE10.3x
HIG Hartford Insurance GroupUS$138.903.2%
+US$1.2b		19.4%PE10x

Latest News

TRV
US$301.59
Travelers Companies
7D
3.8%
1Y
21.6%
HIG
US$138.90
Hartford Insurance Group
7D
3.2%
1Y
19.4%
CB
US$332.64
Chubb
7D
1.7%
1Y
16.9%
CINF
US$163.25
Cincinnati Financial
7D
3.1%
1Y
24.1%
AIG
US$77.43
American International Group
7D
2.5%
1Y
-6.5%

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.
AII
US$18.85
American Integrity Insurance Group
7D
-0.4%
1Y
n/a
OSG
US$3.98
Octave Specialty Group
7D
-13.3%
1Y
-42.7%

OSG: Share Repurchases Will Tighten Float And Support Future Upside Potential

Analysts now maintain their price target for Octave Specialty Group at $12.00, citing similar fair value and margin assumptions, with only modest adjustments to revenue growth, the discount rate, and future P/E inputs. What's in the News Completed share repurchase of 4,371,886 shares, representing 9.33% of outstanding shares, for a total of $42.45 million under the buyback announced on November 12, 2024 (Key Developments).
PGR
US$198.09
Progressive
7D
2.4%
1Y
-26.7%

PGR: AI Expense Efficiencies Will Support Future Earnings Despite Softer Expectations

Analyst price targets for Progressive have edged lower by about $1, reflecting slightly softer assumptions on revenue growth and margins, even as many analysts still highlight areas like AI driven expense efficiencies and personal auto policy growth in their views. Analyst Commentary Street research on Progressive has turned more cautious on valuation, with a series of target cuts across banks and research houses, even as some firms still point to execution strengths in core auto and expense management.
ALL
US$212.07
Allstate
7D
3.9%
1Y
9.9%

Allstate Has Weathered The Insurance Storm In 2025, As Its Umbrella Remains Strong

Apr 04
LMND
US$58.94
Lemonade
7D
-3.5%
1Y
97.7%

LMND: Extended Profitability Timeline Will Limit Benefits From Tesla Data Partnership

Analysts have nudged their price targets on Lemonade higher in recent weeks, including moves such as Morgan Stanley's shift to $85 and other target increases of $4 to $7. These changes reflect growing focus on the Tesla partnership, expected benefits from autonomous exposure, and ongoing debate around the cost and payoff of Lemonade's automation and bundling efforts.
ACGL
US$98.60
Arch Capital Group
7D
3.3%
1Y
7.8%
PRA
US$24.31
ProAssurance
7D
-1.6%
1Y
4.9%