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U.S. Property and Casualty Insurance Industry Analysis

UpdatedApr 22, 2026
DataAggregated Company Financials
Companies67
  • 7D2.0%
  • 3M4.3%
  • 1Y0.8%
  • YTDn/a

In the last week, the Property and Casualty Insurance industry is up 2.0%, with Progressive up 5.5%. 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 2.6% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 23 Apr 2026US$751.4bUS$541.4bUS$73.0b11x10.3x1.4x
Sat, 21 Mar 2026US$725.0bUS$539.6bUS$71.5b10.3x10.1x1.3x
Mon, 16 Feb 2026US$759.5bUS$543.4bUS$71.6b11.8x10.6x1.4x
Wed, 14 Jan 2026US$755.5bUS$534.3bUS$65.3b12.2x11.6x1.4x
Fri, 12 Dec 2025US$752.2bUS$534.3bUS$65.3b13x11.5x1.4x
Sun, 09 Nov 2025US$745.4bUS$534.3bUS$65.2b12.3x11.4x1.4x
Tue, 07 Oct 2025US$777.2bUS$524.7bUS$59.2b13.7x13.1x1.5x
Thu, 04 Sep 2025US$759.0bUS$524.7bUS$59.2b13.4x12.8x1.4x
Sat, 02 Aug 2025US$736.3bUS$521.2bUS$58.0b12.8x12.7x1.4x
Mon, 30 Jun 2025US$769.9bUS$509.6bUS$51.1b14.1x15.1x1.5x
Wed, 28 May 2025US$773.9bUS$508.3bUS$50.9b14.7x15.2x1.5x
Fri, 25 Apr 2025US$758.0bUS$502.7bUS$54.3b13.8x13.9x1.5x
Sun, 23 Mar 2025US$721.8bUS$471.1bUS$53.5b13.8x13.5x1.5x
Tue, 18 Feb 2025US$684.4bUS$471.3bUS$53.8b12.8x12.7x1.5x
Thu, 16 Jan 2025US$667.2bUS$462.2bUS$56.1b12.1x11.9x1.4x
Sat, 14 Dec 2024US$692.4bUS$462.2bUS$56.1b12.6x12.4x1.5x
Mon, 11 Nov 2024US$710.7bUS$461.9bUS$56.2b12.5x12.6x1.5x
Wed, 09 Oct 2024US$672.3bUS$443.0bUS$49.2b13.3x13.7x1.5x
Fri, 06 Sep 2024US$701.0bUS$443.0bUS$49.2b13.9x14.3x1.6x
Sun, 04 Aug 2024US$640.9bUS$442.1bUS$48.7b13.4x13.2x1.4x
Tue, 02 Jul 2024US$600.2bUS$420.3bUS$43.8b13.2x13.7x1.4x
Thu, 30 May 2024US$606.8bUS$420.3bUS$43.8b12.6x13.8x1.4x
Sat, 27 Apr 2024US$589.7bUS$414.8bUS$41.5b13.4x14.2x1.4x
Mon, 25 Mar 2024US$605.9bUS$406.3bUS$38.1b14.6x15.9x1.5x
Wed, 21 Feb 2024US$579.0bUS$405.4bUS$37.0b14.3x15.6x1.4x
Fri, 19 Jan 2024US$538.2bUS$396.7bUS$28.9b13.2x18.6x1.4x
Sun, 17 Dec 2023US$505.8bUS$396.7bUS$28.9b12.6x17.5x1.3x
Tue, 14 Nov 2023US$498.9bUS$395.4bUS$28.5b12.4x17.5x1.3x
Thu, 12 Oct 2023US$457.2bUS$360.9bUS$21.5b14.4x21.3x1.3x
Sat, 09 Sep 2023US$444.3bUS$361.2bUS$21.3b13.9x20.8x1.2x
Mon, 07 Aug 2023US$441.4bUS$360.0bUS$20.9b15.9x21.1x1.2x
Wed, 05 Jul 2023US$427.7bUS$343.4bUS$15.9b16.5x26.9x1.2x
Fri, 02 Jun 2023US$412.4bUS$340.2bUS$14.1b17.6x29.2x1.2x
Sun, 30 Apr 2023US$439.2bUS$334.0bUS$15.7b19.2x28x1.3x
Price to Earnings Ratio

28x


Total Market Cap: US$439.2bTotal Earnings: US$15.7bTotal Revenue: US$334.0bTotal 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 67% per year over the last three years.
  • Revenues for these companies have grown 17% 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 Market1.31%
Financials1.10%
Insurance2.40%
Property and Casualty Insurance1.97%
Insurance Brokers4.03%
Reinsurance2.03%
General Insurance1.92%
Life and Health Insurance1.83%
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$202.710.7%
+US$864.9m		-23.5%PE10.2x
FNF Fidelity National FinancialUS$50.634.6%
+US$599.2m		-18.3%PE22.8x
CINF Cincinnati FinancialUS$166.272.0%
+US$509.1m		24.0%PE10.8x
TRV Travelers CompaniesUS$301.680.8%
+US$500.3m		16.4%PE8.5x
WRB W. R. BerkleyUS$67.502.1%
+US$403.4m		-5.2%PE13.4x

Latest News

FNF
US$50.63
Fidelity National Financial
7D
4.6%
1Y
-18.3%
WRB
US$67.50
W. R. Berkley
7D
2.1%
1Y
-5.2%
TRV
US$301.68
Travelers Companies
7D
0.8%
1Y
16.4%
CB
US$325.43
Chubb
7D
-0.6%
1Y
14.4%
PGR
US$202.71
Progressive
7D
0.7%
1Y
-23.5%
KNSL
US$349.51
Kinsale Capital Group
7D
-2.4%
1Y
-28.9%

KNSL: Underwriting Discipline And Dividends Will Balance Slower Premium Momentum In Competitive Conditions

Analysts have reduced the Kinsale Capital Group price target by about $19 to $377, reflecting updated views on slower premium growth, slightly softer margins, and a lower future P/E multiple following a recent series of downgrades and target cuts across the Street. Analyst Commentary Recent research on Kinsale Capital Group has become more cautious, with several firms lowering ratings and trimming price targets after slower premium growth, softer margins, and a reset in earnings expectations.
HIG
US$138.11
Hartford Insurance Group
7D
-0.5%
1Y
16.0%

HIG: Future Returns Will Balance Resilient Margins And Mixed Street Expectations

Hartford Insurance Group's analyst price target has seen a modest upward reset to about $150.20, as analysts factor in slightly softer projected revenue growth, a marginally higher profit margin, and a small adjustment to the assumed future P/E multiple following a series of recent target revisions across the Street. Analyst Commentary Street research on Hartford Insurance Group has been active, with several recent target changes clustered over a short period.
AIZ
US$229.07
Assurant
7D
2.3%
1Y
19.9%

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.
ALL
US$214.16
Allstate
7D
-1.9%
1Y
10.0%

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$1,944.03
Markel Group
7D
-2.0%
1Y
8.2%

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.
FAF
US$66.48
First American Financial
7D
4.2%
1Y
11.4%

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).
CINF
US$166.27
Cincinnati Financial
7D
2.0%
1Y
24.0%

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.
SIGI
US$77.63
Selective Insurance Group
7D
-3.7%
1Y
-14.6%

SIGI: Future Returns Will Rely On Executing Margins At A Measured P/E

Narrative Update on Selective Insurance Group The consensus analyst price target for Selective Insurance Group has shifted as recent research included an $8 reduction from Keefe Bruyette and a $7 increase from Piper Sandler, reflecting updated views on fair value, discount rate, growth, margins, and future P/E assumptions. Analyst Commentary Recent price target changes for Selective Insurance Group highlight different views on how the market should value the company, with some analysts assigning more weight to earnings growth potential and others placing greater emphasis on execution risks and return expectations.
ACGL
US$96.77
Arch Capital Group
7D
-0.7%
1Y
4.6%

ACGL: Share Repurchases And Strong Margins Will Drive Future Returns

Narrative Update on Arch Capital Group The updated analyst fair value estimate for Arch Capital Group has increased by about $3 to $109.84. Analysts attribute this change to slightly higher expected profitability, a modestly higher discount rate, and a lower future P/E following recent price target increases across several research firms.
AIG
US$76.03
American International Group
7D
-1.4%
1Y
-6.9%

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$250.00
Erie Indemnity
7D
2.2%
1Y
-39.3%