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U.S. Insurance Industry Analysis

UpdatedAug 25, 2026
DataAggregated Company Financials
Companies126
  • 7D2.5%
  • 3M12.6%
  • 1Y5.8%
  • YTD8.6%

In the last week, the Insurance industry is up 2.5%, with Progressive up 9.9%. In the last 12 months, the industry was up 5.8%. As for the next few years, earnings are expected to grow by 1.5% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 25 Aug 2026US$1.4tUS$979.5bUS$119.2b11.2x12x1.5x
Thu, 23 Jul 2026US$1.4tUS$961.8bUS$114.8b12.1x12.5x1.5x
Sat, 20 Jun 2026US$1.3tUS$959.7bUS$114.0b11.3x11.6x1.4x
Mon, 18 May 2026US$1.3tUS$959.6bUS$114.0b11.1x11.4x1.4x
Wed, 15 Apr 2026US$1.3tUS$946.2bUS$105.4b11.6x12.5x1.4x
Fri, 13 Mar 2026US$1.3tUS$946.2bUS$105.4b11.3x12.3x1.4x
Sun, 08 Feb 2026US$1.4tUS$944.2bUS$106.7b13x12.9x1.5x
Tue, 06 Jan 2026US$1.4tUS$931.1bUS$99.3b13x14.1x1.5x
Thu, 04 Dec 2025US$1.4tUS$931.0bUS$99.2b13x13.8x1.5x
Sat, 01 Nov 2025US$1.3tUS$927.1bUS$95.3b13.3x13.8x1.4x
Mon, 29 Sep 2025US$1.4tUS$919.1bUS$88.7b13.6x15.9x1.5x
Wed, 27 Aug 2025US$1.4tUS$918.4bUS$88.5b14.7x16x1.5x
Fri, 25 Jul 2025US$1.4tUS$911.6bUS$86.3b14.1x16.2x1.5x
Sun, 22 Jun 2025US$1.4tUS$904.1bUS$82.6b14.1x17.1x1.6x
Tue, 20 May 2025US$1.5tUS$902.7bUS$82.1b15.4x17.9x1.6x
Thu, 17 Apr 2025US$1.4tUS$897.9bUS$92.2b13.2x15.5x1.6x
Sat, 15 Mar 2025US$1.4tUS$897.3bUS$93.0b13.6x15.4x1.6x
Mon, 10 Feb 2025US$1.4tUS$904.8bUS$95.8b12.4x14.7x1.6x
Wed, 08 Jan 2025US$1.3tUS$892.9bUS$91.5b12.9x14.7x1.5x
Fri, 06 Dec 2024US$1.4tUS$893.2bUS$91.1b13.5x15.9x1.6x
Sun, 03 Nov 2024US$1.4tUS$884.3bUS$91.3b13.4x14.8x1.5x
Tue, 01 Oct 2024US$1.4tUS$855.0bUS$87.4b14x15.9x1.6x
Thu, 29 Aug 2024US$1.4tUS$855.4bUS$87.0b14x15.7x1.6x
Sat, 27 Jul 2024US$1.2tUS$830.1bUS$81.5b13.4x14.8x1.5x
Mon, 24 Jun 2024US$1.2tUS$823.4bUS$79.2b13.1x15x1.4x
Wed, 22 May 2024US$1.2tUS$823.1bUS$79.1b12.5x15x1.4x
Fri, 19 Apr 2024US$1.1tUS$797.7bUS$69.1b14.1x16.5x1.4x
Sun, 17 Mar 2024US$1.2tUS$792.7bUS$67.0b14.4x17.6x1.5x
Tue, 13 Feb 2024US$1.1tUS$784.4bUS$61.3b12.3x18.1x1.4x
Thu, 11 Jan 2024US$1.1tUS$790.2bUS$48.8b12.9x22.7x1.4x
Sat, 09 Dec 2023US$1.1tUS$792.9bUS$47.7b13.5x22.9x1.4x
Mon, 06 Nov 2023US$1.1tUS$790.3bUS$46.8b12.8x22.7x1.3x
Wed, 04 Oct 2023US$1.0tUS$799.1bUS$38.9b14.4x26.3x1.3x
Fri, 01 Sep 2023US$1.0tUS$799.3bUS$38.7b15x26.4x1.3x
Price to Earnings Ratio

26.4x


Total Market Cap: US$1.0tTotal Earnings: US$38.7bTotal Revenue: US$799.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Insurance Industry Price to Earnings3Y Average 16.3x202420252026
Current Industry PE
  • Investors are pessimistic on the American 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 12.0x which is lower than its 3-year average PE of 16.3x.
  • The industry is trading close to its 3-year average PS ratio of 1.5x.
Past Earnings Growth
  • The earnings for companies in the Insurance industry have grown 46% per year over the last three years.
  • Revenues for these companies have grown 7.0% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the U.S. Financials industry?

US Market-1.55%
Financials0.80%
Insurance2.51%
Insurance Brokers5.90%
Property and Casualty Insurance2.74%
Reinsurance1.88%
General Insurance-0.31%
Life and Health Insurance-1.85%
Industry PE
  • Investors are most optimistic about the Insurance Brokers industry even though it's trading below its 3-year average PE ratio of 35.3x.
    • Analysts are expecting annual earnings growth of 15.2%, which is lower than the prior year's growth of 41.8% per year.
  • Investors are most pessimistic about the Reinsurance industry, which is trading below its 3-year average of 9.3x.
Forecasted Growth
  • Analysts are most optimistic on the Insurance Brokers industry, expecting annual earnings growth of 15% over the next 5 years.
  • However this is lower than its past earnings growth rate of 42% per year.
  • In contrast, the Property and Casualty Insurance industry is expected to see its earnings decline by 6.6% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
PGR ProgressiveUS$223.929.9%
+US$11.7b		-8.3%PE11.1x
AJG Arthur J. GallagherUS$271.999.7%
+US$6.2b		-8.9%PE44.5x
MRSH Marsh & McLennan CompaniesUS$194.675.7%
+US$5.0b		-6.0%PE23.3x
AON AonUS$359.103.4%
+US$2.5b		-3.2%PE19.5x
WTW Willis Towers WatsonUS$350.757.6%
+US$2.3b		4.2%PE20.8x

Latest News

CB
US$345.83
Chubb
7D
1.5%
1Y
26.0%
LNC
US$42.38
Lincoln National
7D
-5.1%
1Y
1.1%
AJG
US$271.99
Arthur J. Gallagher
7D
9.7%
1Y
-8.9%
Seeking Alpha • Aug 21

16% And Climbing, Why Fundamentals Matter: Arthur J. Gallagher

Summary Arthur J. Gallagher remains a Buy, driven by robust organic growth and disciplined M&A, validating my long-term investment thesis. Q2 2026 revenue grew 24.4% to $3.96B, with adjusted EPS up 23.5% to $2.84, both fueled by acquisitions and 6% organic growth. AJG trades at a 20% discount to my $313 fair value estimate, offering a 34% potential upside through 2027 if growth projections hold. Risks include acquisition integration - especially Apollo Insurance Solutions - and softness in property insurance, but AJG's fundamentals and credit rating underpin continued outperformance. Read the full article on Seeking Alpha
AON
US$359.10
Aon
7D
3.4%
1Y
-3.2%
FG
US$23.12
F&G Annuities & Life
7D
-12.8%
1Y
-32.9%
PRU
US$122.67
Prudential Financial
7D
-1.5%
1Y
12.4%
Narrative Update • Aug 20

PRU: Higher Earnings Hopes Will Sustain Overvaluation Risk Despite Japan Conduct Issues

Analysts have increased their fair value estimate for Prudential Financial to about $111 from roughly $107, reflecting a series of higher Street price targets that cite stronger sector valuations, slightly improved long-term earnings expectations, and company-specific cost savings. Analyst Commentary Recent research on Prudential Financial shows a cluster of higher price targets, but also a split in how comfortable analysts feel about execution and risk.
PGR
US$223.92
Progressive
7D
9.9%
1Y
-8.3%
FNF
US$47.43
Fidelity National Financial
7D
-3.5%
1Y
-21.5%
WTW
US$350.75
Willis Towers Watson
7D
7.6%
1Y
4.2%
Narrative Update • Aug 15

WTW: AI Efficiency Programs Will Drive Future Margin Upside Potential

Analysts have lifted the fair value estimate for Willis Towers Watson shares from about $358 to roughly $375, citing a series of higher Street price targets that reference potential efficiency gains from initiatives like the Propel AI program and updated views on revenue growth, profit margins, and sector conditions. Analyst Commentary Recent research on Willis Towers Watson points to a mixed but generally constructive tone, with several firms lifting price targets and a few adopting a more cautious stance.
BRO
US$74.62
Brown & Brown
7D
8.4%
1Y
-22.8%
GL
US$173.13
Globe Life
7D
-3.5%
1Y
24.2%
Narrative Update • Aug 11

GL: Future Buybacks And Earnings Guidance Will Support Share Price Upside

Analysts have nudged their price target on Globe Life from $215.00 to about $224.75. This reflects updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E that modestly adjust the risk and earnings profile in their models.
MRSH
US$194.67
Marsh & McLennan Companies
7D
5.7%
1Y
-6.0%
AFL
US$118.20
Aflac
7D
-2.3%
1Y
10.1%
TRV
US$370.55
Travelers Companies
7D
1.7%
1Y
36.1%
MAAS
US$15.80
Maase
7D
-6.4%
1Y
n/a
UNM
US$89.49
Unum Group
7D
-2.2%
1Y
29.4%