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U.S. Insurance Industry Analysis

UpdatedSep 02, 2026
DataAggregated Company Financials
Companies126
  • 7D-1.7%
  • 3M14.3%
  • 1Y4.0%
  • YTD5.9%

Over the last 7 days, the Insurance industry has dropped 2.4%, driven by Aon declining 8.0%. Meanwhile, Maase actually outperformed within the industry, gaining 8.7% in the last week. This takes the industry's 12 month performance to a gain of 3.7%. Looking forward, earnings are forecast to grow by 1.6% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 02 Sep 2026US$1.4tUS$979.5bUS$119.2b11.3x11.9x1.5x
Fri, 31 Jul 2026US$1.5tUS$964.6bUS$116.0b12.1x12.9x1.6x
Sun, 28 Jun 2026US$1.4tUS$958.6bUS$113.9b11.7x12.1x1.4x
Tue, 26 May 2026US$1.3tUS$959.6bUS$114.0b11.3x11.5x1.4x
Thu, 23 Apr 2026US$1.3tUS$950.2bUS$107.8b11.5x12.5x1.4x
Sat, 21 Mar 2026US$1.3tUS$946.4bUS$105.4b10.8x12.1x1.3x
Mon, 16 Feb 2026US$1.3tUS$950.2bUS$106.1b12.2x12.5x1.4x
Wed, 14 Jan 2026US$1.4tUS$931.1bUS$99.3b12.6x13.8x1.5x
Fri, 12 Dec 2025US$1.4tUS$931.1bUS$99.3b13.4x13.7x1.5x
Sun, 09 Nov 2025US$1.4tUS$931.8bUS$100.0b13.2x13.5x1.5x
Tue, 07 Oct 2025US$1.4tUS$919.0bUS$88.6b14.2x16.2x1.6x
Thu, 04 Sep 2025US$1.4tUS$919.1bUS$88.6b14.6x15.9x1.5x
Sat, 02 Aug 2025US$1.4tUS$917.2bUS$88.8b13.9x15.4x1.5x
Mon, 30 Jun 2025US$1.4tUS$904.1bUS$82.6b14.3x17.1x1.6x
Wed, 28 May 2025US$1.4tUS$902.8bUS$82.1b15.2x17.5x1.6x
Fri, 25 Apr 2025US$1.4tUS$903.1bUS$91.4b13.7x15.5x1.6x
Sun, 23 Mar 2025US$1.5tUS$897.3bUS$93.0b13.8x15.7x1.6x
Tue, 18 Feb 2025US$1.4tUS$895.6bUS$93.1b12.7x15x1.6x
Thu, 16 Jan 2025US$1.4tUS$892.9bUS$91.5b12.4x14.8x1.5x
Sat, 14 Dec 2024US$1.4tUS$893.2bUS$91.1b13.1x15.1x1.5x
Mon, 11 Nov 2024US$1.4tUS$891.6bUS$91.1b12.8x15.5x1.6x
Wed, 09 Oct 2024US$1.4tUS$855.0bUS$87.4b13.8x15.5x1.6x
Fri, 06 Sep 2024US$1.4tUS$855.4bUS$87.0b14x16.1x1.6x
Sun, 04 Aug 2024US$1.3tUS$851.7bUS$86.4b13.7x15x1.5x
Tue, 02 Jul 2024US$1.2tUS$823.4bUS$79.2b13.2x14.8x1.4x
Thu, 30 May 2024US$1.2tUS$823.4bUS$79.2b12.5x14.8x1.4x
Sat, 27 Apr 2024US$1.1tUS$803.7bUS$71.4b14.1x16x1.4x
Mon, 25 Mar 2024US$1.2tUS$792.6bUS$67.0b14.5x17.6x1.5x
Wed, 21 Feb 2024US$1.1tUS$783.9bUS$65.9b13.1x17.1x1.4x
Fri, 19 Jan 2024US$1.1tUS$790.2bUS$48.8b12.3x23.2x1.4x
Sun, 17 Dec 2023US$1.1tUS$792.9bUS$47.7b13.3x22.7x1.4x
Tue, 14 Nov 2023US$1.1tUS$792.8bUS$47.1b12.1x22.7x1.4x
Thu, 12 Oct 2023US$1.0tUS$799.5bUS$38.9b15x26.8x1.3x
Sat, 09 Sep 2023US$1.0tUS$799.3bUS$38.7b14.4x26.4x1.3x
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 16.2x202420252026
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 12.1x which is lower than its 3-year average PE of 16.2x.
  • 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-0.92%
Financials-2.19%
Insurance-1.66%
Reinsurance0.86%
General Insurance-0.55%
Property and Casualty Insurance-1.06%
Life and Health Insurance-1.29%
Insurance Brokers-3.77%
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 15.6%, 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 9.2x.
Forecasted Growth
  • Analysts are most optimistic on the Insurance Brokers industry, expecting annual earnings growth of 16% 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
MAAS MaaseUS$16.338.8%
+US$585.9m		372.0%PS7330.4x
UNM Unum GroupUS$91.692.2%
+US$316.6m		30.9%PE20.7x
RGA Reinsurance Group of AmericaUS$247.721.3%
+US$212.9m		27.2%PE10.7x
EG Everest GroupUS$378.610.9%
+US$123.5m		9.6%PE7.7x
FG F&G Annuities & LifeUS$23.642.6%
+US$78.6m		-31.4%PE7.7x

Latest News

AJG
US$262.00
Arthur J. Gallagher
7D
-2.4%
1Y
-13.4%
TRV
US$363.92
Travelers Companies
7D
-1.6%
1Y
33.1%
WTW
US$334.47
Willis Towers Watson
7D
-3.6%
1Y
2.8%
AON
US$326.30
Aon
7D
-8.0%
1Y
-12.3%
Seeking Alpha • Aug 31

Aon: Remaining Cautious Amid USI Acquisition

Summary Aon is reiterated a hold as growth remains sluggish and integration risks loom after the $17B USI acquisition. Q2 organic revenue growth held steady at 5%, with margin expansion and profitability guidance unchanged for 2026. The USI deal strategically targets U.S. middle market and E&S insurance segments, offering $395M in expected EBITDA synergies but raising the leverage ratio to 4.5x. Despite a historically low forward EV/EBITDA, Aon's premium to sector and integration risks suggest limited margin of safety for new investors. Read the full article on Seeking Alpha
MRSH
US$187.58
Marsh & McLennan Companies
7D
-3.0%
1Y
-8.7%
BHF
US$52.99
Brighthouse Financial
7D
2.2%
1Y
14.8%
Seeking Alpha • Aug 29

Brighthouse Financial: Deal Fears Create Attractive Risk-Reward

Summary Brighthouse Financial faces deal uncertainty as the Aquarian Capital acquisition remains under regulatory review, with shares recently declining 13%. Key risks include heightened scrutiny of BHF's Delaware captive reinsurer accounting and broader sector concerns over related-party transactions and private credit exposure. BHF's standalone financials remain solid, with a 430–450% RBC ratio, $4.9B statutory capital, and $900M holding company liquidity, supporting downside protection. I maintain a Buy rating on BHF, seeing an attractive risk/reward profile with $16 upside versus $3 downside and a potential 25%+ return if the deal closes. Read the full article on Seeking Alpha
UNM
US$91.69
Unum Group
7D
2.2%
1Y
30.9%
CB
US$338.74
Chubb
7D
-1.3%
1Y
22.4%
GNW
US$10.00
Genworth Financial
7D
1.4%
1Y
18.2%
MET
US$94.42
MetLife
7D
-1.5%
1Y
17.2%
Narrative Update • Aug 22

MET: Buybacks And New Liquidity Features Will Shape A Balanced Forward Risk Profile

Analysts have raised their price target for MetLife to $104.38 from $100.44, citing updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E that collectively support a higher valuation framework. What’s in the News for MetLife MetLife announced a share repurchase program authorizing up to US$3.0b of common stock buybacks.
FG
US$23.64
F&G Annuities & Life
7D
2.6%
1Y
-31.4%
RGA
US$247.72
Reinsurance Group of America
7D
1.3%
1Y
27.2%
Narrative Update • Aug 20

RGA: Record Earnings And Excess Capital Will Support Long Term EPS Visibility

Reinsurance Group of America now carries a revised analyst price target of $302, up from $288. Analysts attribute the change to higher sector valuation multiples, modestly higher outer year earnings expectations and a supportive macro backdrop for life insurers.
EG
US$378.61
Everest Group
7D
0.9%
1Y
9.6%
Narrative Update • Aug 20

EG: Tangible Equity Returns And P&C Pricing Headwinds Will Shape Future Upside

Everest Group's analyst fair value estimate has increased from $399.33 to $408.47 as analysts update models following Q2 results and a series of higher Street price targets across Hold, Equal Weight, Neutral, In Line, Overweight and Buy ratings. Analyst Commentary Recent Street research on Everest Group shows a cluster of higher price targets across a mix of ratings, which gives you a clearer view of how analysts are weighing valuation, execution and risk.
PRU
US$117.14
Prudential Financial
7D
-2.5%
1Y
9.1%
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.
ALL
US$257.87
Allstate
7D
0.1%
1Y
26.8%
Narrative Update • Aug 18

ALL: Strong Execution And New CFO Will Support Measured Future Upside

Analysts have lifted their price target fair value for Allstate from $254.68 to $274.32. This change reflects updated assumptions for a higher discount rate, more moderate revenue growth and profit margin expectations, and a higher future P/E multiple.
MAAS
US$16.33
Maase
7D
8.8%
1Y
372.0%