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U.S. Insurance Industry Analysis

UpdatedMar 16, 2026
DataAggregated Company Financials
Companies129
  • 7D-1.8%
  • 3M-7.1%
  • 1Y-11.5%
  • YTD-5.3%

Over the last 7 days, the Insurance industry has dropped 1.8%, driven by Marsh & McLennan Companies declining 3.5%. Overall the industry is down 11% in 12 months. Looking forward, earnings are forecast to grow by 3.8% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 17 Mar 2026US$1.3tUS$946.2bUS$105.4b11.4x12.3x1.4x
Thu, 12 Feb 2026US$1.3tUS$945.6bUS$107.0b12.5x12.5x1.4x
Sat, 10 Jan 2026US$1.4tUS$931.1bUS$99.3b12.9x14x1.5x
Mon, 08 Dec 2025US$1.4tUS$931.1bUS$99.3b12.8x13.6x1.5x
Wed, 05 Nov 2025US$1.3tUS$928.6bUS$95.3b13.7x13.8x1.4x
Fri, 03 Oct 2025US$1.4tUS$919.0bUS$88.6b14x16x1.5x
Sun, 31 Aug 2025US$1.4tUS$919.1bUS$88.6b14.6x15.9x1.5x
Tue, 29 Jul 2025US$1.4tUS$912.4bUS$86.5b14.3x16.3x1.5x
Thu, 26 Jun 2025US$1.4tUS$904.1bUS$82.6b14.1x17.4x1.6x
Sat, 24 May 2025US$1.4tUS$902.8bUS$82.1b14.9x17.5x1.6x
Mon, 21 Apr 2025US$1.4tUS$898.5bUS$92.2b13.2x15.3x1.6x
Wed, 19 Mar 2025US$1.5tUS$897.3bUS$93.0b13.9x15.9x1.6x
Fri, 14 Feb 2025US$1.4tUS$890.6bUS$93.1b12.8x15x1.6x
Sun, 12 Jan 2025US$1.3tUS$892.9bUS$91.5b12.5x14.4x1.5x
Tue, 10 Dec 2024US$1.4tUS$893.2bUS$91.1b13.9x15.7x1.6x
Thu, 07 Nov 2024US$1.4tUS$885.4bUS$90.3b12.9x15.1x1.5x
Sat, 05 Oct 2024US$1.4tUS$855.0bUS$87.4b14.4x15.9x1.6x
Mon, 02 Sep 2024US$1.4tUS$855.4bUS$87.0b14.1x16x1.6x
Wed, 31 Jul 2024US$1.3tUS$844.9bUS$84.3b13.8x15.4x1.5x
Fri, 28 Jun 2024US$1.2tUS$823.4bUS$79.2b13.3x14.8x1.4x
Sun, 26 May 2024US$1.2tUS$823.4bUS$79.1b12.6x14.9x1.4x
Tue, 23 Apr 2024US$1.2tUS$797.7bUS$69.1b14.9x16.7x1.4x
Thu, 21 Mar 2024US$1.2tUS$792.6bUS$67.0b14.5x17.6x1.5x
Sat, 17 Feb 2024US$1.1tUS$782.1bUS$64.7b13.2x17.5x1.4x
Mon, 15 Jan 2024US$1.1tUS$790.2bUS$48.8b13.1x23.1x1.4x
Wed, 13 Dec 2023US$1.1tUS$792.9bUS$47.7b13.8x23.4x1.4x
Fri, 10 Nov 2023US$1.1tUS$792.7bUS$47.4b12.3x22.3x1.3x
Sun, 08 Oct 2023US$1.0tUS$799.1bUS$38.9b14.9x26.6x1.3x
Tue, 05 Sep 2023US$1.0tUS$799.3bUS$38.7b15.1x26.6x1.3x
Thu, 03 Aug 2023US$1.0tUS$792.2bUS$40.7b15.7x25.1x1.3x
Sat, 01 Jul 2023US$986.9bUS$777.7bUS$36.9b14.6x26.7x1.3x
Mon, 29 May 2023US$939.7bUS$774.5bUS$35.1b15.2x26.7x1.2x
Wed, 26 Apr 2023US$969.9bUS$760.4bUS$43.9b15.7x22.1x1.3x
Fri, 24 Mar 2023US$912.1bUS$759.4bUS$44.2b14.5x20.7x1.2x
Price to Earnings Ratio

20.7x


Total Market Cap: US$912.1bTotal Earnings: US$44.2bTotal Revenue: US$759.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Insurance Industry Price to Earnings3Y Average 18.2x202420252026
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 12.3x which is lower than its 3-year average PE of 18.2x.
  • 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 34% per year over the last three years.
  • Revenues for these companies have grown 7.6% 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-2.40%
Financials-2.98%
Insurance-1.83%
Property and Casualty Insurance-0.70%
General Insurance-2.11%
Reinsurance-2.77%
Life and Health Insurance-3.01%
Insurance Brokers-3.63%
Industry PE
  • Investors are most optimistic about the Insurance Brokers industry even though it's trading below its 3-year average PE ratio of 36.7x.
    • Analysts are expecting annual earnings growth of 13.4%, which is lower than the prior year's growth of 39.2% per year.
  • Investors are most pessimistic about the Reinsurance industry, which is trading below its 3-year average of 13.9x.
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 39% per year.
  • In contrast, the Property and Casualty Insurance industry is expected to see its earnings decline by 2.1% 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
CB ChubbUS$330.121.8%
+US$2.0b		11.0%PE12.5x
CINF Cincinnati FinancialUS$166.572.0%
+US$505.8m		13.1%PE10.8x
TRV Travelers CompaniesUS$304.640.5%
+US$313.5m		14.9%PE10.6x
NP Neptune Insurance HoldingsUS$22.0010.9%
+US$299.8m		n/aPS19x
LMND LemonadeUS$57.744.8%
+US$201.7m		56.1%PS6x

Latest News

NP
US$22.00
Neptune Insurance Holdings
7D
10.9%
1Y
n/a
TRV
US$304.64
Travelers Companies
7D
0.5%
1Y
14.9%

TRV: Underwriting Strength And AI Execution Will Support Margins In Softer P And C

Analysts have inched up their fair value estimate for Travelers Companies by about $1 to $303, citing stronger margin assumptions and a slightly lower expected future P/E multiple, as reflected in a series of recent price target revisions across the Street. Analyst Commentary Recent research updates paint a mixed picture for Travelers, with several firms lifting price targets while others trim expectations or downgrade ratings.
PGR
US$204.71
Progressive
7D
-1.0%
1Y
-29.7%
HIG
US$134.75
Hartford Insurance Group
7D
-2.3%
1Y
11.9%
AIZ
US$222.15
Assurant
7D
1.1%
1Y
3.5%
CB
US$330.12
Chubb
7D
1.8%
1Y
11.0%

CB: Dividends And Buybacks Will Support A Stable Fairly Valued Outlook

Analysts have nudged their price target on Chubb slightly higher to about $338 from roughly $336, attributing the change to small adjustments in expected revenue trends, profit margins, and future P/E assumptions. What's in the News Chubb's Board of Directors plans to recommend at the 2026 Annual General Meeting an annual dividend of $4.08 per share, payable in four quarterly payments of $1.02 per share, compared with the current quarterly dividend of $0.97 per share.
PRU
US$93.22
Prudential Financial
7D
-2.8%
1Y
-15.5%
AON
US$326.75
Aon
7D
-1.8%
1Y
-16.4%
MRSH
US$173.76
Marsh & McLennan Companies
7D
-3.5%
1Y
-25.4%
CINF
US$166.57
Cincinnati Financial
7D
2.0%
1Y
13.1%

CINF: Pricing Pressures And Dividend Increases Will Shape Future Earnings Resilience

Analysts have nudged Cincinnati Financial's average price target higher to reflect a range of recent revisions, including a move to $191 from $180 and another to $180 from $186, citing mixed but still constructive views on P&C pricing trends and underwriter valuations. Analyst Commentary Recent research shows a split view on Cincinnati Financial, with some bullish analysts lifting their fair value estimates and others trimming them while still maintaining positive ratings.
LMND
US$57.74
Lemonade
7D
4.8%
1Y
56.1%
WTM
US$2,199.69
White Mountains Insurance Group
7D
2.4%
1Y
16.5%
HG
US$29.33
Hamilton Insurance Group
7D
4.0%
1Y
44.4%

HG: Special Dividend And Completed Buybacks Will Support Higher Future Upside Potential

Analysts have adjusted their price target on Hamilton Insurance Group to $32.57 from $30.93. The revision reflects updated views on fair value, profit margins, revenue growth expectations, and forward P/E assumptions.
PFG
US$86.45
Principal Financial Group
7D
-4.6%
1Y
3.1%

PFG: Rising Loss Costs And Pricing Pressures Will Cap Future Upside

Analysts have raised their price expectations for Principal Financial Group. Our fair value estimate has increased from $67.00 to $83.00 as they consider higher Street price targets in the $85 to $95 range and updated assumptions related to growth, margins, and valuation multiples.
AJG
US$211.85
Arthur J. Gallagher
7D
-2.7%
1Y
-35.6%

AJG: Margin Durability And Softer Cycle Are Expected To Support 2026 Upside

Narrative Update: Arthur J. Gallagher (AJG) The analyst price target for Arthur J.
MET
US$69.16
MetLife
7D
-2.3%
1Y
-15.8%

MET: Buybacks And Retirement Income Agreements Will Drive Future Upside

Analysts have trimmed their price target on MetLife to about $90.93 from roughly $92.93. This reflects updated views on slightly lower expected revenue growth, a modestly softer profit margin, a higher discount rate, and a largely unchanged future P/E assumption.