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U.S. Insurance Industry Analysis

UpdatedMay 31, 2026
DataAggregated Company Financials
Companies128
  • 7D-3.9%
  • 3M-6.8%
  • 1Y-12.6%
  • YTD-6.7%

Over the last 7 days, the Insurance industry has dropped 3.9%, driven by pullbacks in Chubb and Progressive of 4.9% and 4.6%, respectively. Overall the industry is down 13% in 12 months. As for the next few years, earnings are expected to grow by 2.2% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 31 May 2026US$1.3tUS$959.6bUS$114.0b10.7x11.1x1.3x
Tue, 28 Apr 2026US$1.3tUS$951.4bUS$108.6b11.6x12.2x1.4x
Thu, 26 Mar 2026US$1.3tUS$946.4bUS$105.4b10.9x12.2x1.4x
Sat, 21 Feb 2026US$1.3tUS$950.9bUS$106.5b12.1x12.6x1.4x
Mon, 19 Jan 2026US$1.3tUS$931.1bUS$99.3b12.6x13.5x1.4x
Wed, 17 Dec 2025US$1.4tUS$931.1bUS$99.3b13.4x14.2x1.5x
Fri, 14 Nov 2025US$1.4tUS$931.9bUS$98.6b13.2x13.9x1.5x
Sun, 12 Oct 2025US$1.4tUS$919.0bUS$88.6b13.8x15.8x1.5x
Tue, 09 Sep 2025US$1.4tUS$919.1bUS$88.6b14.4x15.8x1.5x
Thu, 07 Aug 2025US$1.4tUS$917.2bUS$87.4b14.1x15.7x1.5x
Sat, 05 Jul 2025US$1.4tUS$903.0bUS$82.1b14.6x17.3x1.6x
Mon, 02 Jun 2025US$1.5tUS$902.7bUS$82.3b15.1x17.8x1.6x
Wed, 30 Apr 2025US$1.4tUS$904.0bUS$89.9b14.1x15.7x1.6x
Fri, 28 Mar 2025US$1.5tUS$897.3bUS$93.0b14.2x16x1.7x
Sun, 23 Feb 2025US$1.4tUS$895.9bUS$94.5b12.3x14.7x1.6x
Tue, 21 Jan 2025US$1.4tUS$892.9bUS$91.5b13.1x15.1x1.5x
Thu, 19 Dec 2024US$1.4tUS$893.2bUS$91.1b12.6x15x1.5x
Sat, 16 Nov 2024US$1.4tUS$891.9bUS$91.0b13.1x15.5x1.6x
Mon, 14 Oct 2024US$1.4tUS$855.0bUS$87.4b13.9x16x1.6x
Wed, 11 Sep 2024US$1.4tUS$855.4bUS$87.0b13.9x15.9x1.6x
Fri, 09 Aug 2024US$1.3tUS$854.1bUS$86.9b13.6x14.6x1.5x
Sun, 07 Jul 2024US$1.2tUS$823.2bUS$79.2b13.3x14.7x1.4x
Tue, 04 Jun 2024US$1.2tUS$823.4bUS$79.2b12.6x15.1x1.5x
Thu, 02 May 2024US$1.1tUS$812.9bUS$71.9b14.1x15.9x1.4x
Sat, 30 Mar 2024US$1.2tUS$792.6bUS$67.0b15.2x17.9x1.5x
Mon, 26 Feb 2024US$1.1tUS$791.7bUS$65.9b14.3x17.3x1.4x
Wed, 24 Jan 2024US$1.2tUS$790.3bUS$48.9b13.4x23.6x1.5x
Fri, 22 Dec 2023US$1.1tUS$792.9bUS$47.7b13.2x22.6x1.4x
Sun, 19 Nov 2023US$1.1tUS$792.6bUS$47.3b13x22.8x1.4x
Tue, 17 Oct 2023US$1.1tUS$802.3bUS$39.9b15x26.6x1.3x
Thu, 14 Sep 2023US$1.0tUS$799.3bUS$38.7b14.8x26.7x1.3x
Sat, 12 Aug 2023US$1.0tUS$799.0bUS$38.5b14.6x26.5x1.3x
Mon, 10 Jul 2023US$985.3bUS$777.8bUS$36.9b16.1x26.7x1.3x
Wed, 07 Jun 2023US$959.2bUS$774.5bUS$35.1b15.2x27.3x1.2x
Price to Earnings Ratio

27.3x


Total Market Cap: US$959.2bTotal Earnings: US$35.1bTotal Revenue: US$774.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Insurance Industry Price to Earnings3Y Average 17.4x202420252026
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 11.1x which is lower than its 3-year average PE of 17.4x.
  • The 3-year average PS ratio of 1.5x is higher than the industry's current PS ratio of 1.3x.
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 Market1.58%
Financials-0.41%
Insurance-3.86%
General Insurance-2.39%
Insurance Brokers-2.40%
Life and Health Insurance-2.44%
Property and Casualty Insurance-4.72%
Reinsurance-6.66%
Industry PE
  • Investors are most optimistic about the Insurance Brokers industry even though it's trading below its 3-year average PE ratio of 36.0x.
    • 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 10.6x.
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 4.2% 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
LMND LemonadeUS$58.002.6%
+US$113.7m		73.1%PS5.3x
YB YuanbaoUS$14.8516.9%
+US$99.1m		-1.7%PE2.3x
BNT Brookfield Wealth SolutionsUS$45.580.6%
+US$83.2m		18.1%PE31.4x
XZO Exzeo GroupUS$13.856.8%
+US$80.0m		n/aPE15.4x
LIFE Ethos TechnologiesUS$18.906.8%
+US$75.6m		n/aPS2.5x

Latest News

MRSH
US$159.97
Marsh & McLennan Companies
7D
-2.5%
1Y
-31.5%
Seeking Alpha • 4h

Marsh & McLennan: 16 Years Of Dividend Growth And Counting

Summary Marsh & McLennan is delivering robust organic revenue growth, strong EPS beats and maintains a compelling dividend profile amid sector headwinds. MRSH trades at a forward P/E of 14.9, well below its 10-year average of 21.9, presenting a 26% discount to fair value. With an A- S&P rating, MRSH is positioned for continued bolt-on acquisitions and sustained dividend growth, targeting at least 9% annual increases. Key risks include softening commercial insurance rates and significant litigation exposure, but MRSH remains a core long-term holding for dividend-focused investors. Read the full article on Seeking Alpha
CB
US$311.73
Chubb
7D
-4.9%
1Y
4.9%
LMND
US$58.00
Lemonade
7D
2.6%
1Y
73.1%
YB
US$14.85
Yuanbao
7D
16.9%
1Y
-1.7%
ALL
US$206.09
Allstate
7D
-4.9%
1Y
-1.8%
HIG
US$127.13
Hartford Insurance Group
7D
-6.5%
1Y
-2.1%
XZO
US$13.85
Exzeo Group
7D
6.8%
1Y
n/a
TRV
US$291.89
Travelers Companies
7D
-4.8%
1Y
5.9%
Narrative Update • May 27

TRV: Underwriting Strength And AI Claims Management Will Balance Reserve And Pricing Risks

Analysts have nudged their average price target on Travelers Companies slightly higher to reflect updated earnings assumptions and recent stock performance, with individual targets now clustering in the low to mid $300s as research teams highlight underwriting results and company actions that they expect will help manage reserve risk. Analyst Commentary Recent research commentary on Travelers Companies centers on how the stock reflects underwriting execution, reserve risk, and relative positioning within the property and casualty peer group.
AFL
US$112.42
Aflac
7D
-4.6%
1Y
8.6%
Narrative Update • May 26

AFL: Future Returns Will Balance Carrier Focus With Cautious Earnings Assumptions

Analysts have raised their blended price target for Aflac by about $0.20 per share, citing recent stock performance, generally strong life insurance results in Q1, and roll-forward valuation work that now places greater emphasis on carriers rather than brokers. Analyst Commentary Recent Street research on Aflac shows a mix of optimism around execution and caution around valuation and earnings power, with several price target changes in both directions.
WDH
US$1.53
Waterdrop
7D
6.3%
1Y
5.5%
Seeking Alpha • May 26

Waterdrop: A Mix Of Positives And Negatives

Summary I initiate on Waterdrop with a 'Hold' rating, reflecting balanced risks and opportunities. WDH's insurance business faces both competitive threats from AI-native challengers and potential upside from its AI initiatives. The crowdfunding segment continues to generate persistent losses, while the E-Find clinical trial unit shows promising growth potential. Valuation is fair, with the company's P/S multiple closely aligned to peers EverQuote and Yuanbao. Read the full article on Seeking Alpha
LIFE
US$18.90
Ethos Technologies
7D
6.8%
1Y
n/a
NP
US$28.07
Neptune Insurance Holdings
7D
0.7%
1Y
n/a
PGR
US$190.40
Progressive
7D
-4.6%
1Y
-33.2%
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.
ACGL
US$89.34
Arch Capital Group
7D
-7.2%
1Y
-6.0%
BNT
US$45.58
Brookfield Wealth Solutions
7D
0.6%
1Y
18.1%
TIPT
US$18.24
Tiptree
7D
4.5%
1Y
-17.8%