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U.S. Insurance Industry Analysis

UpdatedSep 13, 2026
DataAggregated Company Financials
Companies126
  • 7D-2.3%
  • 3M6.4%
  • 1Y2.0%
  • YTD4.4%

Over the last 7 days, the Insurance industry has dropped 2.3%, driven by Arthur J. Gallagher declining 8.5%. As for the longer term, the industry's performance has been flat for the past year. Earnings are forecast to grow by 1.1% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 13 Sep 2026US$1.4tUS$979.6bUS$119.3b11.1x11.7x1.4x
Tue, 11 Aug 2026US$1.5tUS$978.1bUS$119.5b11.6x12.2x1.5x
Thu, 09 Jul 2026US$1.5tUS$958.6bUS$113.9b12.2x12.8x1.5x
Sat, 06 Jun 2026US$1.3tUS$959.6bUS$114.0b10.9x11.2x1.3x
Mon, 04 May 2026US$1.3tUS$953.2bUS$112.9b11.5x11.5x1.4x
Wed, 01 Apr 2026US$1.3tUS$946.4bUS$105.4b11.2x12.2x1.4x
Fri, 27 Feb 2026US$1.3tUS$947.7bUS$105.1b12x12.8x1.4x
Sun, 25 Jan 2026US$1.3tUS$931.9bUS$99.8b12.7x13.3x1.4x
Tue, 23 Dec 2025US$1.4tUS$931.1bUS$99.3b13.3x14.1x1.5x
Thu, 20 Nov 2025US$1.4tUS$931.0bUS$99.2b12.7x13.8x1.5x
Sat, 18 Oct 2025US$1.3tUS$923.0bUS$89.5b13.2x14.9x1.4x
Mon, 15 Sep 2025US$1.4tUS$919.1bUS$88.6b14.4x15.9x1.5x
Wed, 13 Aug 2025US$1.4tUS$918.2bUS$88.4b14.4x15.6x1.5x
Fri, 11 Jul 2025US$1.4tUS$902.8bUS$82.1b14.4x17x1.6x
Sun, 08 Jun 2025US$1.5tUS$902.8bUS$82.3b14.9x17.7x1.6x
Tue, 06 May 2025US$1.4tUS$895.3bUS$84.9b14.1x16.8x1.6x
Thu, 03 Apr 2025US$1.5tUS$897.3bUS$92.9b14.4x16.2x1.7x
Sat, 01 Mar 2025US$1.4tUS$896.5bUS$93.2b13.3x15.6x1.6x
Mon, 27 Jan 2025US$1.4tUS$894.1bUS$91.8b12.7x14.8x1.5x
Wed, 25 Dec 2024US$1.4tUS$893.2bUS$91.1b13.1x15x1.5x
Fri, 22 Nov 2024US$1.4tUS$893.2bUS$91.0b13.5x15.6x1.6x
Sun, 20 Oct 2024US$1.4tUS$860.8bUS$89.4b14.2x15.9x1.7x
Tue, 17 Sep 2024US$1.4tUS$855.5bUS$87.0b14.3x15.9x1.6x
Thu, 15 Aug 2024US$1.3tUS$855.4bUS$87.0b13.4x14.8x1.5x
Sat, 13 Jul 2024US$1.2tUS$820.7bUS$79.0b13.5x15.1x1.5x
Mon, 10 Jun 2024US$1.2tUS$823.4bUS$79.2b12.7x14.9x1.4x
Wed, 08 May 2024US$1.2tUS$820.4bUS$79.2b13.2x14.8x1.4x
Fri, 05 Apr 2024US$1.2tUS$792.6bUS$66.9b14.7x17.8x1.5x
Sun, 03 Mar 2024US$1.1tUS$791.6bUS$66.6b14.9x17.1x1.4x
Tue, 30 Jan 2024US$1.2tUS$794.2bUS$49.9b12.8x23.3x1.5x
Thu, 28 Dec 2023US$1.1tUS$792.9bUS$47.7b12.8x22.9x1.4x
Sat, 25 Nov 2023US$1.1tUS$792.8bUS$47.5b12.6x23.2x1.4x
Mon, 23 Oct 2023US$1.0tUS$804.2bUS$40.0b14.6x25.8x1.3x
Wed, 20 Sep 2023US$1.1tUS$799.3bUS$38.7b14.9x27.3x1.3x
Price to Earnings Ratio

27.3x


Total Market Cap: US$1.1tTotal Earnings: US$38.7bTotal Revenue: US$799.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Insurance Industry Price to Earnings3Y Average 16x202420252026
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 11.7x which is lower than its 3-year average PE of 16.1x.
  • 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 Market-0.94%
Financials-1.77%
Insurance-2.31%
Property and Casualty Insurance-1.06%
Life and Health Insurance-1.59%
Reinsurance-1.92%
General Insurance-4.27%
Insurance Brokers-6.09%
Industry PE
  • Investors are most optimistic about the Insurance Brokers industry even though it's trading below its 3-year average PE ratio of 35.2x.
    • Analysts are expecting annual earnings growth of 14.1%, which is lower than the prior year's growth of 32.0% per year.
  • Investors are most pessimistic about the Reinsurance industry, which is trading below its 3-year average of 9.1x.
Forecasted Growth
  • Analysts are most optimistic on the Insurance Brokers industry, expecting annual earnings growth of 14% over the next 5 years.
  • However this is lower than its past earnings growth rate of 32% per year.
  • In contrast, the Property and Casualty Insurance industry is expected to see its earnings decline by 6.7% 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
TRV Travelers CompaniesUS$375.201.6%
+US$1.2b		34.5%PE9.5x
WRB W. R. BerkleyUS$69.901.1%
+US$295.3m		-5.3%PE14.1x
OSCR Oscar HealthUS$32.771.6%
+US$160.3m		69.5%PE18.3x
GNW Genworth FinancialUS$10.491.4%
+US$52.9m		19.2%PE19.6x
LIFE Ethos TechnologiesUS$40.251.0%
+US$25.5m		n/aPS4.4x

Latest News

AON
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Aon
7D
-6.3%
1Y
-18.6%
ALL
US$253.71
Allstate
7D
-2.3%
1Y
26.6%
Seeking Alpha • 17h

Allstate: Attractive Even As Profits Are Likely Peaking

Summary Allstate remains a 'buy' as strong Q2 results, reserve releases, and a quiet catastrophe environment drive robust earnings and capital returns. ALL's underwriting margins are healthy, with combined ratios benefiting from $1.5B in reserve releases and minimal catastrophe losses, though normalization is expected. Investment income surged 34% as ALL leverages higher rates and expands its equity allocation, while maintaining a conservative, high-quality fixed-income portfolio. Shares trade at 7x current-year earnings and near 9x normalized EPS, supporting over 10% upside as buybacks and durable margins enhance long-term value. Read the full article on Seeking Alpha
YB
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Yuanbao
7D
1.4%
1Y
-45.1%
WTW
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7D
-5.7%
1Y
-6.8%
WRB
US$69.90
W. R. Berkley
7D
1.1%
1Y
-5.3%
GNW
US$10.49
Genworth Financial
7D
1.4%
1Y
19.2%
SLDE
US$24.84
Slide Insurance Holdings
7D
0.7%
1Y
72.5%
AJG
US$240.32
Arthur J. Gallagher
7D
-8.5%
1Y
-19.2%
Seeking Alpha • Sep 09

Arthur J. Gallagher: A Recession- And Inflation-Resilient Business Trading At A Low FCF Multiple

Summary Arthur J. Gallagher EPS has compounded at more than 17% over the last ten years. AJG’s share price declined by over 45% from a high of $351 in June 2025 to a recent low of $191 in May 2026. We acquired our position at an average price of $209 per share, or ~16x adjusted EPS (2026E). Although AJG’s end-market is weaker today than in recent history, the company still expects 6% organic revenue growth in 2026. We expect AI to lower AJG’s costs and optimize its sales strategy. Read the full article on Seeking Alpha
AFL
US$115.28
Aflac
7D
-1.6%
1Y
5.6%
Seeking Alpha • Sep 08

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Summary Aflac (AFL) remains a disciplined, shareholder-friendly insurer, with H1 2026 combined ratios near 91% in both Japan and the U.S. Japan’s mature premium base continues to contract, while U.S. growth remains too small to materially change Aflac’s overall growth profile. Capital returns remain central: Aflac returned $2.61 billion in H1 2026 and more than $21 billion through dividends and buybacks since 2021. Most valuation methods converge near $105–$115 per share, leaving limited margin of safety around the current price and supporting a Hold rating. Read the full article on Seeking Alpha
TRV
US$375.20
Travelers Companies
7D
1.6%
1Y
34.5%
Seeking Alpha • Sep 08

Travelers: Better Underwriting, Better Capital Returns, But Fully Valued

Summary The Travelers Companies has materially improved underwriting profitability, narrowing the gap with top-tier peers while maintaining disciplined portfolio selection. Aggressive share repurchases have reduced diluted shares outstanding by 6.8% year over year, helping EPS grow faster than aggregate earnings. A normalized core ROE around 16%–19% appears more sustainable than the recent 24% level as underwriting margins eventually normalize. At roughly $370–$375, TRV sits near the middle of my $350–$390 fair-value range, supporting a Hold rather than a new entry. I downgrade TRV from Buy to Hold, with a more attractive entry point below approximately $320–$330. Read the full article on Seeking Alpha
OSCR
US$32.77
Oscar Health
7D
1.6%
1Y
69.5%
Narrative Update • Sep 05

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LIFE
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Ethos Technologies
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1.0%
1Y
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Analysts have lifted their price target on Ethos Technologies from $27.19 to $34.88, citing updated views on fair value, a slightly higher discount rate, revised revenue growth assumptions of 29.42%, an 11.90% profit margin outlook, and a lower future P/E of 22.16. What's in the News for Ethos Technologies Ethos Technologies Inc.
CB
US$338.25
Chubb
7D
-1.0%
1Y
21.6%
HRTG
US$34.58
Heritage Insurance Holdings
7D
1.9%
1Y
40.6%
Narrative Update • Sep 04

HRTG: Soft Market Risks And Buybacks Will Shape Defensive Outlook

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MRSH
US$176.91
Marsh & McLennan Companies
7D
-4.8%
1Y
-12.8%
BRO
US$66.19
Brown & Brown
7D
-7.3%
1Y
-29.2%