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

U.S. Insurance Industry Analysis

UpdatedMar 20, 2026
DataAggregated Company Financials
Companies130
  • 7D-1.2%
  • 3M-8.3%
  • 1Y-12.0%
  • YTD-6.6%

Over the last 7 days, the Insurance industry has dropped 1.2%, driven by a pullback from Chubb of 1.8%. Overall the industry is down 12% in 12 months. 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
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
Sat, 29 Apr 2023US$986.0bUS$764.5bUS$45.3b15.2x21.8x1.3x
Mon, 27 Mar 2023US$918.4bUS$759.4bUS$44.2b14.5x20.8x1.2x
Price to Earnings Ratio

20.8x


Total Market Cap: US$918.4bTotal 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 12.2x 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-0.66%
Financials0.23%
Insurance-1.21%
Insurance Brokers0.41%
Life and Health Insurance-0.30%
Reinsurance-1.20%
Property and Casualty Insurance-2.10%
General Insurance-2.43%
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 12.6%, 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 13.7x.
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 39% per year.
  • In contrast, the Property and Casualty Insurance industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
AJG Arthur J. GallagherUS$209.682.7%
+US$1.4b		-37.3%PE36.1x
LMND LemonadeUS$64.5422.0%
+US$889.9m		87.2%PS6.7x
NP Neptune Insurance HoldingsUS$22.1721.9%
+US$549.9m		n/aPS19.2x
FG F&G Annuities & LifeUS$23.6114.1%
+US$396.0m		-35.2%PE12.9x
ARX Accelerant HoldingsUS$12.1813.1%
+US$312.8m		n/aPS3x

Latest News

ARX
US$12.18
Accelerant Holdings
7D
13.1%
1Y
n/a
LNC
US$33.60
Lincoln National
7D
3.1%
1Y
-8.4%

LNC: Cash Flow Progress Will Likely Offset Private Credit And Loss Cost Risks

The analyst fair value estimate for Lincoln National has been reduced by $1 to $38 as analysts update models for cash flow, private credit exposure, and post-Q4 earnings. They continue to highlight company-specific efforts related to free cash flow, leverage, and capital returns.
AIG
US$73.89
American International Group
7D
-3.4%
1Y
-11.7%
CINF
US$157.86
Cincinnati Financial
7D
-3.9%
1Y
8.0%
FG
US$23.61
F&G Annuities & Life
7D
14.1%
1Y
-35.2%
NP
US$22.17
Neptune Insurance Holdings
7D
21.9%
1Y
n/a
TRV
US$296.84
Travelers Companies
7D
-1.7%
1Y
14.4%

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$202.68
Progressive
7D
-1.2%
1Y
-26.2%
HIG
US$131.36
Hartford Insurance Group
7D
-2.3%
1Y
9.8%
CB
US$323.64
Chubb
7D
-1.8%
1Y
10.0%

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.
AON
US$316.99
Aon
7D
0.3%
1Y
-19.4%
LMND
US$64.54
Lemonade
7D
22.0%
1Y
87.2%
BNT
US$41.56
Brookfield Wealth Solutions
7D
1.9%
1Y
16.2%
WRB
US$66.22
W. R. Berkley
7D
-3.6%
1Y
4.1%
AFL
US$107.17
Aflac
7D
-2.2%
1Y
-1.4%

AFL: Future Returns Will Weigh Cyber Breach Risks Against Capital Strength

Aflac's updated analyst price target edges higher to about $113, supported by analysts rolling their models to 2027 and 2028 EPS and fine tuning assumptions around slightly stronger profit margins and a modestly lower future P/E multiple. Analyst Commentary Recent Street research on Aflac highlights a mix of optimism and caution as analysts update their models and valuation frameworks out to 2027 and 2028.
AJG
US$209.68
Arthur J. Gallagher
7D
2.7%
1Y
-37.3%

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.