Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

U.S. Insurance Industry Analysis

UpdatedMay 25, 2026
DataAggregated Company Financials
Companies128
  • 7D-0.3%
  • 3M-0.6%
  • 1Y-6.7%
  • YTD-2.9%

The Insurance is pretty flat in the last 7 days, but MetLife has stood out, gaining 3.3%. As for the longer term, the industry has declined 6.7% in the last year. Earnings are forecast to grow by 2.0% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 25 May 2026US$1.3tUS$959.6bUS$114.0b11.3x11.5x1.4x
Wed, 22 Apr 2026US$1.3tUS$948.6bUS$106.7b11.7x12.6x1.4x
Fri, 20 Mar 2026US$1.3tUS$946.4bUS$105.4b11.1x12.2x1.4x
Sun, 15 Feb 2026US$1.3tUS$950.2bUS$106.1b12.3x12.5x1.4x
Tue, 13 Jan 2026US$1.4tUS$931.1bUS$99.3b12.9x13.9x1.5x
Thu, 11 Dec 2025US$1.4tUS$931.1bUS$99.3b13.1x13.7x1.5x
Sat, 08 Nov 2025US$1.3tUS$931.4bUS$99.9b13.2x13.3x1.4x
Mon, 06 Oct 2025US$1.4tUS$919.0bUS$88.6b14.2x16.2x1.6x
Wed, 03 Sep 2025US$1.4tUS$919.1bUS$88.6b14.6x15.9x1.5x
Fri, 01 Aug 2025US$1.4tUS$916.6bUS$88.6b14x15.3x1.5x
Sun, 29 Jun 2025US$1.4tUS$904.1bUS$82.6b14.3x17.1x1.6x
Tue, 27 May 2025US$1.4tUS$902.8bUS$82.1b14.9x17.5x1.6x
Thu, 24 Apr 2025US$1.4tUS$902.4bUS$91.6b13.5x15.5x1.6x
Sat, 22 Mar 2025US$1.5tUS$897.3bUS$93.0b13.8x15.8x1.6x
Mon, 17 Feb 2025US$1.4tUS$895.6bUS$93.1b12.7x15x1.6x
Wed, 15 Jan 2025US$1.4tUS$892.9bUS$91.5b12.8x14.8x1.5x
Fri, 13 Dec 2024US$1.4tUS$893.2bUS$91.1b13x15.1x1.5x
Sun, 10 Nov 2024US$1.4tUS$891.6bUS$91.1b12.8x15.5x1.6x
Tue, 08 Oct 2024US$1.4tUS$855.0bUS$87.4b13.9x16x1.6x
Thu, 05 Sep 2024US$1.4tUS$855.4bUS$87.0b14.2x16x1.6x
Sat, 03 Aug 2024US$1.3tUS$850.4bUS$85.8b13.9x15.3x1.5x
Mon, 01 Jul 2024US$1.2tUS$823.4bUS$79.2b13.3x14.8x1.4x
Wed, 29 May 2024US$1.2tUS$823.4bUS$79.2b12.6x14.9x1.4x
Fri, 26 Apr 2024US$1.2tUS$800.4bUS$69.7b14.2x16.5x1.4x
Sun, 24 Mar 2024US$1.2tUS$792.6bUS$67.0b14.5x17.6x1.5x
Tue, 20 Feb 2024US$1.1tUS$783.4bUS$65.5b13.2x17.2x1.4x
Thu, 18 Jan 2024US$1.1tUS$790.2bUS$48.8b12.6x23x1.4x
Sat, 16 Dec 2023US$1.1tUS$792.9bUS$47.7b13.3x22.7x1.4x
Mon, 13 Nov 2023US$1.1tUS$792.8bUS$47.1b12.2x22.7x1.3x
Wed, 11 Oct 2023US$1.0tUS$799.1bUS$38.9b14.9x26.6x1.3x
Fri, 08 Sep 2023US$1.0tUS$799.3bUS$38.7b14.5x26.4x1.3x
Sun, 06 Aug 2023US$1.0tUS$798.1bUS$40.6b15.9x25.2x1.3x
Tue, 04 Jul 2023US$986.3bUS$777.7bUS$36.9b15.9x26.7x1.3x
Thu, 01 Jun 2023US$929.5bUS$774.5bUS$35.2b15x26.4x1.2x
Price to Earnings Ratio

26.4x


Total Market Cap: US$929.5bTotal Earnings: US$35.2bTotal Revenue: US$774.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Insurance Industry Price to Earnings3Y Average 17.5x202420252026
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 11.5x which is lower than its 3-year average PE of 17.5x.
  • 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 48% per year over the last three years.
  • Revenues for these companies have grown 7.4% 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 Market1.11%
Financials0.34%
Insurance-0.35%
General Insurance4.05%
Life and Health Insurance0.62%
Insurance Brokers-0.28%
Property and Casualty Insurance-0.68%
Reinsurance-0.88%
Industry PE
  • Investors are most optimistic about the Insurance Brokers industry even though it's trading below its 3-year average PE ratio of 36.1x.
    • Analysts are expecting annual earnings growth of 13.3%, which is lower than the prior year's growth of 58.4% per year.
  • Investors are most pessimistic about the Reinsurance industry, which is trading below its 3-year average of 10.7x.
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 58% per year.
  • In contrast, the Property and Casualty Insurance industry is expected to see its earnings decline by 4.3% 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
MET MetLifeUS$84.063.3%
+US$1.7b		8.9%PE15.8x
MAAS MaaseUS$11.8524.5%
+US$1.0b		n/aPS10221.6x
PRU Prudential FinancialUS$104.121.1%
+US$396.0m		2.2%PE10.6x
PFG Principal Financial GroupUS$103.851.4%
+US$313.2m		34.9%PE14.4x
ARX Accelerant HoldingsUS$17.258.4%
+US$292.4m		n/aPS3.9x

Latest News

AIG
US$77.05
American International Group
7D
-1.7%
1Y
-5.6%
PFG
US$103.85
Principal Financial Group
7D
1.4%
1Y
34.9%
MET
US$84.06
MetLife
7D
3.3%
1Y
8.9%
Seeking Alpha • May 24

MetLife: Time To Go Long The Common Shares And 6.35% Yielding Preferreds

Summary MetLife delivers robust adjusted income, supporting a bullish stance on common shares and fixed-rate preferreds. MET's preferred dividend payout ratio remains low, with $24.5B in common equity providing strong downside protection for preferred holders. Series A floating-rate preferreds yield 5.45%-5.5%, attractive if short-term rates rise, but fixed-rate Series F offers a higher current yield. I rate MET common and Series F preferreds as a "buy," maintaining "hold" on Series A preferreds pending a significant SOFR increase. Read the full article on Seeking Alpha
PGR
US$199.51
Progressive
7D
-2.2%
1Y
-28.1%
Narrative Update • May 24

PGR: AI Expense Efficiencies Will Sustain Earnings Power Despite Softer Pricing

Analysts have nudged the fair value estimate for Progressive slightly lower to about $231 from roughly $232, reflecting modest reductions to long term earnings expectations after recent price target cuts tied to April's catastrophe losses and concerns about softer auto pricing power. Analyst Commentary Recent research shows a mix of optimism and caution around Progressive, with price targets being nudged both higher and lower as analysts recalibrate expectations after the April earnings miss and shifting views on auto pricing power.
CB
US$327.89
Chubb
7D
-0.7%
1Y
14.6%
UNM
US$84.52
Unum Group
7D
2.1%
1Y
5.8%
AJG
US$204.75
Arthur J. Gallagher
7D
-1.2%
1Y
-39.4%
LNC
US$36.03
Lincoln National
7D
3.9%
1Y
11.3%
Narrative Update • May 22

LNC: Cash Flow And Balance Sheet Progress Will Temper Private Credit Repricing Risks

Lincoln National's analyst fair value estimate has been trimmed by $1 to $33, as analysts factor in adjusted revenue growth assumptions, a slightly stronger profit margin profile, and a lower future P/E multiple in the wake of recent price target revisions across the Street. Analyst Commentary Street research on Lincoln National has been active, with a mix of target price increases and cuts as analysts digest recent earnings and reassess risk factors.
PRU
US$104.12
Prudential Financial
7D
1.1%
1Y
2.2%
ALL
US$216.60
Allstate
7D
-2.1%
1Y
6.6%
MRSH
US$164.11
Marsh & McLennan Companies
7D
-1.1%
1Y
-28.4%
OSCR
US$22.64
Oscar Health
7D
-10.5%
1Y
59.8%
L
US$108.87
Loews
7D
0.8%
1Y
23.9%
WRB
US$67.54
W. R. Berkley
7D
-1.8%
1Y
-7.6%
Narrative Update • May 15

WRB: Capital Returns And Underwriting Discipline Will Support Future Earnings Resilience

The analyst price target for W. R.
ARX
US$17.25
Accelerant Holdings
7D
8.4%
1Y
n/a
MAAS
US$11.85
Maase
7D
24.5%
1Y
n/a