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U.S. Insurance Industry Analysis

UpdatedJul 14, 2026
DataAggregated Company Financials
Companies127
  • 7D1.3%
  • 3M12.2%
  • 1Y6.6%
  • YTD8.1%

Over the last 7 days, the Insurance industry has risen 1.3%, driven by gains in Marsh & McLennan Companies and Arthur J. Gallagher of 3.9% and 4.6%, respectively. This means that the industry has gained 6.6% over the past year. Looking forward, earnings are forecast to grow by 2.2% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 14 Jul 2026US$1.4tUS$958.6bUS$113.9b12.6x12.6x1.5x
Thu, 11 Jun 2026US$1.3tUS$959.6bUS$114.0b11.2x11.5x1.4x
Sat, 09 May 2026US$1.3tUS$960.5bUS$114.2b11.2x11.3x1.3x
Mon, 06 Apr 2026US$1.3tUS$946.4bUS$105.4b11.4x12.3x1.4x
Wed, 04 Mar 2026US$1.4tUS$948.3bUS$105.3b11.9x13x1.4x
Fri, 30 Jan 2026US$1.3tUS$936.0bUS$100.4b13.1x13.3x1.4x
Sun, 28 Dec 2025US$1.4tUS$931.1bUS$99.3b13.3x14.2x1.5x
Tue, 25 Nov 2025US$1.4tUS$931.0bUS$99.2b12.9x13.8x1.5x
Thu, 23 Oct 2025US$1.4tUS$924.7bUS$90.2b13.9x15x1.5x
Sat, 20 Sep 2025US$1.4tUS$919.1bUS$88.7b13.8x15.7x1.5x
Mon, 18 Aug 2025US$1.4tUS$918.4bUS$88.4b14.4x15.8x1.5x
Wed, 16 Jul 2025US$1.4tUS$902.8bUS$82.1b14.2x17x1.6x
Fri, 13 Jun 2025US$1.4tUS$903.2bUS$82.4b14.6x17.1x1.6x
Sun, 11 May 2025US$1.4tUS$902.5bUS$82.3b14.8x17.6x1.6x
Tue, 08 Apr 2025US$1.4tUS$897.3bUS$92.9b12.6x14.8x1.5x
Thu, 06 Mar 2025US$1.5tUS$897.5bUS$93.1b13.2x15.6x1.6x
Sat, 01 Feb 2025US$1.4tUS$901.4bUS$90.8b12.7x15.5x1.6x
Mon, 30 Dec 2024US$1.4tUS$892.9bUS$91.5b13x14.9x1.5x
Wed, 27 Nov 2024US$1.4tUS$893.2bUS$91.1b13.9x15.9x1.6x
Fri, 25 Oct 2024US$1.4tUS$862.1bUS$89.8b13.4x15.6x1.6x
Sun, 22 Sep 2024US$1.4tUS$855.1bUS$87.4b14.2x15.9x1.6x
Tue, 20 Aug 2024US$1.3tUS$855.4bUS$87.0b13.7x15.3x1.6x
Thu, 18 Jul 2024US$1.2tUS$823.6bUS$80.2b13.7x15.2x1.5x
Sat, 15 Jun 2024US$1.2tUS$823.4bUS$79.2b12.7x14.7x1.4x
Mon, 13 May 2024US$1.2tUS$823.1bUS$79.1b13.1x15x1.4x
Wed, 10 Apr 2024US$1.2tUS$792.7bUS$66.9b14.7x17.7x1.5x
Fri, 08 Mar 2024US$1.2tUS$792.1bUS$66.7b14.3x17.4x1.5x
Sun, 04 Feb 2024US$1.2tUS$800.6bUS$55.3b13.6x20.8x1.4x
Tue, 02 Jan 2024US$1.1tUS$792.9bUS$47.7b13x23x1.4x
Thu, 30 Nov 2023US$1.1tUS$792.8bUS$47.5b12.7x23x1.4x
Sat, 28 Oct 2023US$1.0tUS$807.8bUS$42.9b13.6x23.8x1.3x
Mon, 25 Sep 2023US$1.1tUS$799.3bUS$38.7b14.8x27.1x1.3x
Wed, 23 Aug 2023US$997.9bUS$799.1bUS$38.6b15x25.8x1.2x
Fri, 21 Jul 2023US$1.0tUS$783.0bUS$37.3b15.7x27.1x1.3x
Price to Earnings Ratio

27.1x


Total Market Cap: US$1.0tTotal Earnings: US$37.3bTotal Revenue: US$783.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Insurance Industry Price to Earnings3Y Average 16.8x202420252026
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 12.6x which is lower than its 3-year average PE of 16.8x.
  • 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 45% 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-0.93%
Financials-0.43%
Insurance1.28%
Insurance Brokers2.72%
Reinsurance2.34%
Life and Health Insurance1.91%
Property and Casualty Insurance0.47%
General Insurance-2.92%
Industry PE
  • Investors are most optimistic about the Insurance Brokers industry even though it's trading below its 3-year average PE ratio of 35.6x.
    • Analysts are expecting annual earnings growth of 12.7%, which is lower than the prior year's growth of 48.1% per year.
  • Investors are most pessimistic about the Reinsurance industry, which is trading below its 3-year average of 9.7x.
Forecasted Growth
  • Analysts are most optimistic on the Insurance Brokers industry, expecting annual earnings growth of 13% over the next 5 years.
  • However this is lower than its past earnings growth rate of 48% per year.
  • In contrast, the Property and Casualty Insurance industry is expected to see its earnings decline by 4.4% 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
MRSH Marsh & McLennan CompaniesUS$181.533.9%
+US$3.3b		-15.0%PE22.3x
AJG Arthur J. GallagherUS$261.234.6%
+US$2.9b		-17.2%PE41.6x
AON AonUS$367.352.9%
+US$2.2b		2.1%PE19.9x
ALL AllstateUS$256.453.3%
+US$2.1b		30.7%PE5.5x
MET MetLifeUS$93.032.8%
+US$1.7b		19.4%PE17.4x

Latest News

CINF
US$182.67
Cincinnati Financial
7D
-3.7%
1Y
22.4%
AIG
US$79.90
American International Group
7D
-1.1%
1Y
-2.1%
Seeking Alpha • Jul 13

AIG: An Opportunity To Buy This Global P&C Leader, While Still Undervalued

Summary American International Group (AIG) is upgraded to buy, driven by undervaluation, improving insurance metrics, and a robust investment-grade balance sheet. AIG's combined ratio and margins are improving, with the analyst consensus forecasting +12.8% YoY EPS growth and 19 upward revisions. Dividend growth and safety are meaningful, with AIG leading its peer group in 5-year dividend growth and maintaining a conservative payout ratio. Key risks remain from outsized catastrophe events, but diversified assets and liquidity position AIG as both a growth and dividend idea. Read the full article on Seeking Alpha
MRSH
US$181.53
Marsh & McLennan Companies
7D
3.9%
1Y
-15.0%
AON
US$367.35
Aon
7D
2.9%
1Y
2.1%
ALL
US$256.45
Allstate
7D
3.3%
1Y
30.7%
AJG
US$261.23
Arthur J. Gallagher
7D
4.6%
1Y
-17.2%
AFL
US$123.30
Aflac
7D
2.3%
1Y
20.1%
Narrative Update • Jul 11

AFL: Future Returns Will Reflect Carrier Strength And Cybersecurity Risk Balancing

Aflac's analyst fair value estimate has nudged up from $112.43 to $114.86. This reflects a series of higher Street price targets as analysts point to supportive conditions for life insurers, including reduced private credit concerns, steady earnings momentum and a generally favorable backdrop for carriers relative to brokers.
MET
US$93.03
MetLife
7D
2.8%
1Y
19.4%
Narrative Update • Jul 11

MET: Capital Returns And Flexible Settlement Solutions Will Shape Future Risk Reward Balance

MetLife's analyst price target has been revised from $92.80 to $95.31. Analysts attribute this change to updated assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E.
CB
US$354.74
Chubb
7D
-0.5%
1Y
26.6%
Narrative Update • Jul 10

CB: Dividend Growth And Buybacks Will Support War Risk Expansion And Stable Outlook

Analysts have nudged their price target on Chubb higher, with fair value moving from about $345.04 to $355.83, citing updated assumptions around revenue trends, profit margins, the discount rate and future P/E expectations. What’s in the News for Chubb Chubb, working with Lloyd's of London, launched a US$400m marine war risk insurance facility for vessels using the Strait of Hormuz.
LMND
US$70.62
Lemonade
7D
-10.3%
1Y
75.4%
WRB
US$73.84
W. R. Berkley
7D
4.1%
1Y
6.3%
Seeking Alpha • Jul 03

W. R. Berkley: Capital Appreciation Potential From Its Baby Bonds

Summary W. R. Berkley Corporation demonstrates strong long-term outperformance versus insurance peers and the S&P 500, especially since 2025. WRB boasts 36 consecutive years of dividend payments, with 20 years of increases, currently yielding 2.69% on a $1.90 annual payout. WRB's baby bonds, all investment grade and callable, offer attractive yields to maturity between 7.02% and 7.45%, trading below par. WRB maintains robust credit ratings and balance sheet strength, with $44.35B in assets, $3.09B in debt, and $9.75B in equity. Read the full article on Seeking Alpha
MKL
US$1,962.27
Markel Group
7D
-0.8%
1Y
-2.3%
Narrative Update • Jul 01

MKL: Acquisitions And Activist Pressure Will Test Fairly Valued Specialty Focus

Analysts have trimmed their price target for Markel Group to approximately $1,955 from about $2,005, citing updated fair value estimates and slightly lower assumed future P/E multiples in their models. What’s in the News for Markel Group Markel Group continues to use acquisitions as a core part of its capital allocation approach, with recent deals aimed at expanding specialty insurance capabilities and diversifying earnings, according to recent coverage.
MAAS
US$13.24
Maase
7D
-13.2%
1Y
n/a
ERIE
US$247.17
Erie Indemnity
7D
-3.9%
1Y
-28.7%
PGR
US$234.48
Progressive
7D
1.2%
1Y
-5.2%
BNT
US$43.48
Brookfield Wealth Solutions
7D
-1.2%
1Y
2.2%