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U.S. Insurance Industry Analysis

UpdatedAug 17, 2026
DataAggregated Company Financials
Companies126
  • 7D-1.2%
  • 3M10.1%
  • 1Y5.8%
  • YTD7.5%

Over the last 7 days, the Insurance industry has dropped 1.2%, driven by Progressive declining 2.0%. On the other hand Accelerant Holdings is actually up 63%. This takes the industry's 12 month performance to a gain of 5.8%. Looking forward, earnings are forecast to grow by 1.4% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 18 Aug 2026US$1.4tUS$979.5bUS$119.2b11.5x12.1x1.5x
Thu, 16 Jul 2026US$1.4tUS$958.6bUS$113.9b12x12.6x1.5x
Sat, 13 Jun 2026US$1.3tUS$959.6bUS$114.0b11.3x11.6x1.4x
Mon, 11 May 2026US$1.3tUS$960.5bUS$114.2b11.2x11.3x1.3x
Wed, 08 Apr 2026US$1.3tUS$946.4bUS$105.4b11.4x12.3x1.4x
Fri, 06 Mar 2026US$1.4tUS$948.2bUS$105.3b11.8x12.9x1.4x
Sun, 01 Feb 2026US$1.4tUS$937.9bUS$101.7b13.2x13.3x1.4x
Tue, 30 Dec 2025US$1.4tUS$931.1bUS$99.3b13.3x14.2x1.5x
Thu, 27 Nov 2025US$1.4tUS$931.0bUS$99.2b13.2x13.9x1.5x
Sat, 25 Oct 2025US$1.4tUS$925.9bUS$90.6b13.5x15x1.5x
Mon, 22 Sep 2025US$1.4tUS$919.1bUS$88.7b13.8x15.7x1.5x
Wed, 20 Aug 2025US$1.4tUS$918.4bUS$88.4b14.4x15.8x1.5x
Fri, 18 Jul 2025US$1.4tUS$906.6bUS$83.9b14.4x16.5x1.5x
Sun, 15 Jun 2025US$1.4tUS$903.2bUS$82.4b14.3x17.2x1.6x
Tue, 13 May 2025US$1.4tUS$902.5bUS$82.3b15x17.6x1.6x
Thu, 10 Apr 2025US$1.3tUS$897.3bUS$92.9b13.2x14.5x1.5x
Sat, 08 Mar 2025US$1.5tUS$897.4bUS$93.1b13.1x15.6x1.6x
Mon, 03 Feb 2025US$1.4tUS$901.4bUS$90.8b12.7x15.3x1.5x
Wed, 01 Jan 2025US$1.4tUS$892.9bUS$91.5b13x14.8x1.5x
Fri, 29 Nov 2024US$1.5tUS$893.2bUS$91.1b13.9x16.2x1.7x
Sun, 27 Oct 2024US$1.4tUS$865.4bUS$90.8b13.5x15.2x1.6x
Tue, 24 Sep 2024US$1.4tUS$855.1bUS$87.4b14.2x15.9x1.6x
Thu, 22 Aug 2024US$1.3tUS$855.4bUS$87.0b13.6x15.3x1.6x
Sat, 20 Jul 2024US$1.2tUS$824.0bUS$80.3b13.7x15.4x1.5x
Mon, 17 Jun 2024US$1.2tUS$823.4bUS$79.2b12.7x14.6x1.4x
Wed, 15 May 2024US$1.2tUS$823.1bUS$79.1b13.2x14.9x1.4x
Fri, 12 Apr 2024US$1.2tUS$792.7bUS$66.9b14.5x17.3x1.5x
Sun, 10 Mar 2024US$1.2tUS$792.4bUS$66.9b13.9x17.3x1.5x
Tue, 06 Feb 2024US$1.1tUS$787.5bUS$55.1b13.1x19.8x1.4x
Thu, 04 Jan 2024US$1.1tUS$790.2bUS$48.8b12.8x22.7x1.4x
Sat, 02 Dec 2023US$1.1tUS$792.8bUS$47.5b12.8x23.2x1.4x
Mon, 30 Oct 2023US$1.0tUS$807.8bUS$42.9b13.6x23.8x1.3x
Wed, 27 Sep 2023US$1.0tUS$799.3bUS$38.7b14.7x26.9x1.3x
Fri, 25 Aug 2023US$1.0tUS$799.2bUS$38.7b15x26.1x1.3x
Price to Earnings Ratio

26.1x


Total Market Cap: US$1.0tTotal Earnings: US$38.7bTotal Revenue: US$799.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Insurance Industry Price to Earnings3Y Average 16.4x202420252026
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 12.1x which is lower than its 3-year average PE of 16.4x.
  • 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 Market0.63%
Financials1.21%
Insurance-1.21%
General Insurance0.40%
Reinsurance0.34%
Life and Health Insurance0.34%
Insurance Brokers-0.83%
Property and Casualty Insurance-2.00%
Industry PE
  • Investors are most optimistic about the Insurance Brokers industry even though it's trading below its 3-year average PE ratio of 35.4x.
    • Analysts are expecting annual earnings growth of 15.3%, which is lower than the prior year's growth of 34.6% 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 35% 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
ARX Accelerant HoldingsUS$19.5862.6%
+US$1.6b		-31.4%PS4x
OSCR Oscar HealthUS$32.7618.4%
+US$1.6b		96.8%PE18.3x
PRU Prudential FinancialUS$125.132.5%
+US$1.0b		17.4%PE11.2x
BNT Brookfield Wealth SolutionsUS$43.83-1.9%
US$814.4m		0.8%PE125.4x
RGA Reinsurance Group of AmericaUS$249.453.0%
+US$480.0m		32.7%PE10.8x

Latest News

BNT
US$42.86
Brookfield Wealth Solutions
7D
-4.1%
1Y
-1.4%
FNF
US$49.13
Fidelity National Financial
7D
2.4%
1Y
-16.3%
CB
US$340.86
Chubb
7D
-2.1%
1Y
24.9%
WTW
US$326.06
Willis Towers Watson
7D
-4.9%
1Y
-1.1%
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.
ARX
US$19.54
Accelerant Holdings
7D
62.3%
1Y
-31.6%
OSCR
US$31.55
Oscar Health
7D
14.0%
1Y
89.5%
PRU
US$124.56
Prudential Financial
7D
2.0%
1Y
16.8%
PGR
US$203.84
Progressive
7D
-4.7%
1Y
-17.5%
RGA
US$246.98
Reinsurance Group of America
7D
2.0%
1Y
31.3%
AON
US$347.22
Aon
7D
-2.7%
1Y
-5.0%
Seeking Alpha • Aug 11

Aon: Fundamentally Strong, But Needs To Become Cheaper

Summary Aon Plc remains a fundamentally strong insurance broker but is currently too expensive for value-oriented investors. AON's premium valuation (19-22x P/E) is not justified by its modest organic growth (~5%) and sub-1% dividend yield. Recent results highlight structural growth limitations, pressured margins, and client retention headwinds, despite temporary merger-driven boosts. I maintain a 'HOLD' rating, seeing fair value near $300/share; upside requires outperformance unlikely under current industry conditions. Read the full article on Seeking Alpha
AFG
US$146.60
American Financial Group
7D
1.9%
1Y
12.4%
Narrative Update • Aug 11

AFG: Fair Value View Will Highlight Ongoing Buybacks And Specialty P&C Strength

Analysts have raised their price target on American Financial Group from about $147 to roughly $152, reflecting updated views on fair value, discount rate assumptions, and a slightly revised outlook for revenue trends, margins, and future P/E. What’s in the News for American Financial Group American Financial Group reported that from April 1, 2026 to June 30, 2026, it repurchased 200,231 shares for US$26 million, representing 0.24% of the company.
MRSH
US$184.21
Marsh & McLennan Companies
7D
-3.4%
1Y
-11.3%
TRV
US$364.51
Travelers Companies
7D
-3.0%
1Y
37.6%
ALL
US$258.10
Allstate
7D
-4.3%
1Y
24.6%
Seeking Alpha • Aug 07

Allstate: Strong Operating Performance Is Not Sustainable In The Long Run

Summary Allstate Corporation delivered strong Q2 2026 results, driven by lower catastrophe losses, robust top-line growth, and improved underwriting profitability. ALL's combined ratio improved to 86.6% in Q2 and 84.3% for H1 2026, but these levels are not expected to be sustainable long term. Net income and ROE are currently elevated, yet earnings and profitability are projected to normalize as underwriting margins revert to historical averages. ALL's valuation at 2.2x book value appears fair, with capital returns focused on share buybacks and a sustainable, low-payout dividend. Read the full article on Seeking Alpha
BWIN
US$30.77
Baldwin Insurance Group
7D
6.7%
1Y
-5.9%
MAAS
US$16.88
Maase
7D
-18.5%
1Y
n/a