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U.S. Property and Casualty Insurance Industry Analysis

UpdatedApr 25, 2026
DataAggregated Company Financials
Companies67
  • 7D-1.5%
  • 3M2.8%
  • 1Y0.5%
  • YTDn/a

Over the last 7 days, the Property and Casualty Insurance industry has dropped 1.5%, driven by pullbacks in American International Group and Chubb of 4.5% and 1.4%, respectively. As for the longer term, the industry's performance has been flat for the past year. In the next few years, earnings are forecast to decline by 3.2% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 25 Apr 2026US$756.1bUS$544.3bUS$74.5b10.8x10.2x1.4x
Mon, 23 Mar 2026US$726.5bUS$539.6bUS$71.5b10.3x10.2x1.3x
Wed, 18 Feb 2026US$759.9bUS$543.3bUS$71.6b12.1x10.6x1.4x
Fri, 16 Jan 2026US$737.4bUS$534.3bUS$65.3b12.4x11.3x1.4x
Sun, 14 Dec 2025US$778.8bUS$534.3bUS$65.3b13.1x11.9x1.5x
Tue, 11 Nov 2025US$745.6bUS$534.3bUS$65.2b12.4x11.4x1.4x
Thu, 09 Oct 2025US$781.9bUS$524.7bUS$59.2b13.7x13.2x1.5x
Sat, 06 Sep 2025US$770.0bUS$524.7bUS$59.2b13.4x13x1.5x
Mon, 04 Aug 2025US$732.1bUS$521.2bUS$58.0b12.8x12.6x1.4x
Wed, 02 Jul 2025US$769.9bUS$509.6bUS$51.1b14.3x15.1x1.5x
Fri, 30 May 2025US$778.6bUS$508.3bUS$50.9b14.7x15.3x1.5x
Sun, 27 Apr 2025US$748.3bUS$503.5bUS$54.2b13.8x13.8x1.5x
Tue, 25 Mar 2025US$721.8bUS$471.1bUS$53.5b14x13.5x1.5x
Thu, 20 Feb 2025US$684.4bUS$471.3bUS$53.8b12.8x12.7x1.5x
Sat, 18 Jan 2025US$685.8bUS$462.2bUS$56.1b12.3x12.2x1.5x
Mon, 16 Dec 2024US$701.0bUS$462.2bUS$56.1b12.6x12.5x1.5x
Wed, 13 Nov 2024US$711.5bUS$461.9bUS$56.2b12.9x12.7x1.5x
Fri, 11 Oct 2024US$687.3bUS$443.0bUS$49.2b13.4x14x1.6x
Sun, 08 Sep 2024US$690.3bUS$443.0bUS$49.2b13.7x14x1.6x
Tue, 06 Aug 2024US$640.9bUS$442.1bUS$48.7b13x13.2x1.4x
Thu, 04 Jul 2024US$606.4bUS$431.7bUS$44.6b13.2x13.6x1.4x
Sat, 01 Jun 2024US$611.8bUS$420.3bUS$43.8b12.9x14x1.5x
Mon, 29 Apr 2024US$590.6bUS$415.2bUS$41.5b13.7x14.2x1.4x
Wed, 27 Mar 2024US$609.3bUS$406.3bUS$38.1b14.5x16x1.5x
Fri, 23 Feb 2024US$579.9bUS$406.4bUS$37.1b14.5x15.6x1.4x
Sun, 21 Jan 2024US$539.9bUS$396.7bUS$28.9b13.6x18.7x1.4x
Tue, 19 Dec 2023US$505.8bUS$396.7bUS$28.9b12.6x17.5x1.3x
Thu, 16 Nov 2023US$499.2bUS$395.4bUS$28.6b12.3x17.5x1.3x
Sat, 14 Oct 2023US$465.9bUS$360.9bUS$21.5b14.6x21.7x1.3x
Mon, 11 Sep 2023US$442.5bUS$361.2bUS$21.3b13.9x20.8x1.2x
Wed, 09 Aug 2023US$441.6bUS$359.8bUS$20.9b14.1x21.1x1.2x
Fri, 07 Jul 2023US$424.5bUS$343.4bUS$15.9b16.7x26.7x1.2x
Sun, 04 Jun 2023US$421.2bUS$340.2bUS$14.1b18.3x29.9x1.2x
Tue, 02 May 2023US$441.4bUS$334.7bUS$15.7b19.2x28.1x1.3x
Price to Earnings Ratio

28.1x


Total Market Cap: US$441.4bTotal Earnings: US$15.7bTotal Revenue: US$334.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Property and Casualty Insurance Industry Price to Earnings3Y Average 15.6x202420252026
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 10.2x which is lower than its 3-year average PE of 15.6x.
  • 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 68% 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 Market0.35%
Financials-2.01%
Insurance-1.78%
Property and Casualty Insurance-1.46%
General Insurance0.24%
Life and Health Insurance-0.89%
Reinsurance-1.48%
Insurance Brokers-3.39%
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
WRB W. R. BerkleyUS$66.53-0.4%
US$920.7m		-5.6%PE13.8x
FNF Fidelity National FinancialUS$52.335.3%
+US$713.1m		-16.5%PE23.6x
FAF First American FinancialUS$70.877.4%
+US$498.2m		16.3%PE10.8x
TRV Travelers CompaniesUS$302.730.6%
+US$408.3m		16.8%PE8.5x
STC Stewart Information ServicesUS$71.676.1%
+US$121.0m		10.8%PE16.8x

Latest News

WRB
US$66.53
W. R. Berkley
7D
-0.4%
1Y
-5.6%
ERIE
US$233.62
Erie Indemnity
7D
-4.6%
1Y
-35.4%
UVE
US$39.48
Universal Insurance Holdings
7D
11.0%
1Y
67.1%
FAF
US$70.87
First American Financial
7D
7.4%
1Y
16.3%
HIG
US$134.45
Hartford Insurance Group
7D
-3.9%
1Y
13.2%
FNF
US$52.33
Fidelity National Financial
7D
5.3%
1Y
-16.5%

FNF: Share Repurchases And Mortgage Tailwinds Will Support Future Upside

Analysts have trimmed the implied fair value for Fidelity National Financial by about $1 to $64.60, reflecting recent reductions to Street price targets. These include cuts of $4 and $9 that cite updated assumptions on the stock's future P/E and earnings power.
CB
US$326.12
Chubb
7D
-1.4%
1Y
16.8%

CB: Dividends And Buybacks Will Support A Stable Fairly Valued Outlook

Analysts have nudged their price target for Chubb higher from about $342 to roughly $345, citing updated assumptions around discount rates, revenue growth, profit margins, and future P/E that modestly adjust their valuation view. What's in the News From January 1 to March 31, 2026, Chubb repurchased 3,507,045 shares, about 0.9% of shares, for US$1,140m, bringing total repurchases under the May 15, 2025 buyback to 11,808,110 shares, about 2.99%, for US$3,465.46m (company filing).
RLI
US$52.81
RLI
7D
-10.5%
1Y
-27.6%
PGR
US$200.89
Progressive
7D
-0.8%
1Y
-24.2%

PGR: Expense Efficiencies And Underwriting Discipline Will Support Earnings Through Cycle Changes

Analysts now see Progressive's fair value at $284.03, down from $302.85. This reflects updated views on slightly softer revenue growth, a modestly lower profit margin outlook, and a reduced future P/E multiple, even as recent Street targets have moved both higher and lower on near term pricing power, claims trends, and expense efficiency.
AIG
US$75.14
American International Group
7D
-4.5%
1Y
-7.5%

AIG: Underwriting Discipline And Capital Flexibility Will Support Future Re Rating

The analyst price target for American International Group has edged down slightly, with the updated fair value moving from $87.20 to $86.45 as analysts factor in a series of modest target cuts across major firms, while still recognizing AIG's earnings profile and underwriting position highlighted in recent research. Analyst Commentary Street research on American International Group has been active, with several firms adjusting their price targets and one major upgrade.
STC
US$71.67
Stewart Information Services
7D
6.1%
1Y
10.8%

STC: Expanding Virtual Underwriting And AI Capabilities Will Drive Future Upside

Analysts have slightly reduced their price target for Stewart Information Services from about $81.33 to $80.00, citing updated assumptions around long term revenue growth, profit margins, and a somewhat lower future P/E multiple. What's in the News Stewart updated its Stewart Virtual Underwriter knowledge platform with secure login access that is limited to employees, customers, and partners, creating a gated environment for underwriting content (Key Developments).
TRV
US$302.73
Travelers Companies
7D
0.6%
1Y
16.8%
AIZ
US$229.80
Assurant
7D
0.9%
1Y
20.4%

AIZ: Future Upside Will Rely On Buybacks And Margin Stabilisation

Analysts have trimmed their price target on Assurant by about $1 to $260, citing slightly lower profit margin expectations, offset by a modestly higher assumed future P/E multiple. Analyst Commentary Bullish Takeaways Bullish analysts appear comfortable assigning a slightly higher assumed future P/E multiple, which suggests they still see room for valuation support despite the trimmed price targets.
HG
US$32.67
Hamilton Insurance Group
7D
2.0%
1Y
79.9%

HG: Sidecar Expansion And Capital Returns Will Shape Measured Future Return Potential

Analysts have inched their price target for Hamilton Insurance Group up from $32.86 to $33.00, citing updated assumptions for revenue growth, profit margins and future P/E that fine tune, rather than overhaul, their earlier view. What's in the News Hamilton Insurance Group established a casualty reinsurance sidecar to provide dedicated underwriting capacity for its casualty reinsurance portfolio, with ceded premium over the life of the structure projected at about $300 million, supported by investor capital from Sixth Street.
ALL
US$212.88
Allstate
7D
-1.5%
1Y
10.4%

ALL: Rich Multiple And Modest Margins Will Limit Buyback-Supported Upside

Analysts have adjusted their price target on Allstate slightly lower to about $190.85 from roughly $192.43. This reflects updated views on fair value, revenue growth assumptions, profit margins, and future P/E expectations.
MKL
US$1,912.45
Markel Group
7D
-3.8%
1Y
6.1%

MKL: Future Outlook Will Weigh Buybacks Neutral Stance And Steady Earnings

Analysts have trimmed their Markel Group price target by about $16 to reflect slightly updated assumptions around fair value, revenue growth, profit margin and future P/E, following recent research that includes a resumed Neutral rating and a separate $100 price target adjustment. Analyst Commentary Recent Street research on Markel Group highlights a mix of optimism and caution, with one set of analysts resuming coverage at Neutral and another adjusting the price target by about $100 based on updated assumptions.