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U.S. Insurance Industry Analysis

UpdatedJun 13, 2026
DataAggregated Company Financials
Companies128
  • 7D1.6%
  • 3M4.0%
  • 1Y-4.0%
  • YTD-1.5%

Over the last 7 days, the Insurance industry has risen 1.6%, driven by gains from MetLife of 5.1%. In the past year, the industry is down 4.0%. Looking forward, earnings are forecast to grow by 2.3% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 14 Jun 2026US$1.3tUS$959.6bUS$114.0b11.3x11.6x1.4x
Tue, 12 May 2026US$1.3tUS$960.5bUS$114.1b11x11.3x1.3x
Thu, 09 Apr 2026US$1.3tUS$946.2bUS$105.4b11.5x12.3x1.4x
Sat, 07 Mar 2026US$1.3tUS$948.2bUS$105.3b11.6x12.8x1.4x
Mon, 02 Feb 2026US$1.4tUS$937.9bUS$101.7b13.2x13.3x1.4x
Wed, 31 Dec 2025US$1.4tUS$931.1bUS$99.3b13.3x14.2x1.5x
Fri, 28 Nov 2025US$1.4tUS$931.0bUS$99.2b13.2x13.9x1.5x
Sun, 26 Oct 2025US$1.4tUS$925.9bUS$90.6b13.5x14.9x1.5x
Tue, 23 Sep 2025US$1.4tUS$919.1bUS$88.7b13.8x15.7x1.5x
Thu, 21 Aug 2025US$1.4tUS$918.4bUS$88.4b14.4x16x1.5x
Sat, 19 Jul 2025US$1.4tUS$908.2bUS$84.9b14.4x16.4x1.5x
Mon, 16 Jun 2025US$1.4tUS$903.2bUS$82.4b14.3x17.2x1.6x
Wed, 14 May 2025US$1.4tUS$902.6bUS$82.2b15.1x17.6x1.6x
Fri, 11 Apr 2025US$1.4tUS$897.3bUS$92.9b13x15.3x1.6x
Sun, 09 Mar 2025US$1.4tUS$897.4bUS$93.2b13.2x15.6x1.6x
Tue, 04 Feb 2025US$1.4tUS$901.4bUS$90.8b12.8x15.3x1.5x
Thu, 02 Jan 2025US$1.4tUS$892.9bUS$91.5b13x14.8x1.5x
Sat, 30 Nov 2024US$1.5tUS$893.2bUS$91.1b13.8x16.2x1.7x
Mon, 28 Oct 2024US$1.4tUS$865.4bUS$90.8b13.5x15.2x1.6x
Wed, 25 Sep 2024US$1.4tUS$855.1bUS$87.4b14.1x16x1.6x
Fri, 23 Aug 2024US$1.3tUS$855.4bUS$87.0b13.7x15.4x1.6x
Sun, 21 Jul 2024US$1.2tUS$825.2bUS$80.8b12.9x15x1.5x
Tue, 18 Jun 2024US$1.2tUS$823.4bUS$79.2b13x14.6x1.4x
Thu, 16 May 2024US$1.2tUS$823.1bUS$79.1b12.7x14.9x1.4x
Sat, 13 Apr 2024US$1.1tUS$795.6bUS$68.8b14.5x16.5x1.4x
Mon, 11 Mar 2024US$1.2tUS$792.4bUS$66.9b13.9x17.3x1.5x
Wed, 07 Feb 2024US$1.1tUS$787.5bUS$55.1b13.1x19.9x1.4x
Fri, 05 Jan 2024US$1.1tUS$790.2bUS$48.8b12.8x22.7x1.4x
Sun, 03 Dec 2023US$1.1tUS$792.8bUS$47.5b12.8x23.2x1.4x
Tue, 31 Oct 2023US$1.0tUS$808.6bUS$43.5b14.1x23.9x1.3x
Thu, 28 Sep 2023US$1.0tUS$799.3bUS$38.7b14.7x26.8x1.3x
Sat, 26 Aug 2023US$1.0tUS$799.2bUS$38.7b14.8x26.2x1.3x
Mon, 24 Jul 2023US$1.0tUS$783.5bUS$37.5b15.6x27x1.3x
Wed, 21 Jun 2023US$966.5bUS$774.5bUS$35.1b15.1x27.5x1.2x
Price to Earnings Ratio

27.5x


Total Market Cap: US$966.5bTotal Earnings: US$35.1bTotal Revenue: US$774.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Insurance Industry Price to Earnings3Y Average 17.2x202420252026
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 11.6x which is lower than its 3-year average PE of 17.2x.
  • 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 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 Market0.81%
Financials2.28%
Insurance1.62%
General Insurance3.99%
Life and Health Insurance3.80%
Reinsurance3.09%
Insurance Brokers2.15%
Property and Casualty Insurance0.57%
Industry PE
  • Investors are most optimistic about the Insurance Brokers industry even though it's trading below its 3-year average PE ratio of 35.9x.
    • 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 10.3x.
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 4.3% 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
MET MetLifeUS$88.845.1%
+US$2.8b		14.9%PE16.6x
MAAS MaaseUS$14.8639.4%
+US$1.9b		n/aPS12757.7x
MRSH Marsh & McLennan CompaniesUS$168.682.0%
+US$1.6b		-22.4%PE20.8x
AON AonUS$335.312.1%
+US$1.4b		-5.0%PE18.2x
PRU Prudential FinancialUS$108.503.7%
+US$1.3b		5.4%PE11x

Latest News

MET
US$88.84
MetLife
7D
5.1%
1Y
14.9%
PGR
US$203.11
Progressive
7D
-0.4%
1Y
-24.2%
AON
US$335.31
Aon
7D
2.1%
1Y
-5.0%
OSCR
US$28.26
Oscar Health
7D
15.3%
1Y
102.6%
Narrative Update • Jun 12

OSCR: ACA Exchange Reliance Will Test Margin Durability Beyond 2026

Analysts have lifted their fair value estimate for Oscar Health from $15.40 to $22.60, citing higher confidence in margin improvement and the company's focused exposure to the individual ACA market. This has supported a series of price target increases and rating upgrades across the Street.
WRB
US$68.27
W. R. Berkley
7D
-0.4%
1Y
-6.8%
PRU
US$108.50
Prudential Financial
7D
3.7%
1Y
5.4%
Narrative Update • Jun 10

PRU: Japan Scrutiny And Retirement Expansion Will Shape A Cautious Future Balance

Analysts have nudged their blended price target for Prudential Financial higher by a few dollars to around $106. This reflects a mix of recent target increases from firms such as Keefe Bruyette, Wells Fargo, Piper Sandler, and Barclays, partially offset by several cuts and rating downgrades that highlight ongoing regulatory and business headwinds.
AFL
US$117.80
Aflac
7D
-0.4%
1Y
15.3%
Narrative Update • Jun 10

AFL: Future Returns Will Reflect Mixed Carrier Tailwinds And Cautious Earnings Expectations

Aflac's updated fair value edges up by about $0.36 to roughly $112.43 as analysts factor in higher Street price targets that reflect stronger recent stock performance and generally firm Q1 underwriting and earnings trends across insurers. Analyst Commentary Recent Street research around Aflac shows a mix of optimism and caution, with several firms adjusting price targets in both directions as they reassess valuation and execution after first quarter results.
FAF
US$65.74
First American Financial
7D
-1.9%
1Y
11.6%
PFG
US$111.12
Principal Financial Group
7D
5.6%
1Y
46.4%
Narrative Update • Jun 08

PFG: Capital Returns And EPS Resilience Will Support Measured Repricing

Analysts have raised the implied fair value for Principal Financial Group to $113 from $106. The change reflects updated assumptions on revenue, profit margin and future P/E following a series of price target increases across the Street, grounded in the company’s reported Q1 results and ongoing business momentum.
ARX
US$13.03
Accelerant Holdings
7D
-13.1%
1Y
n/a
WTM
US$2,024.05
White Mountains Insurance Group
7D
-2.0%
1Y
13.4%
BWIN
US$18.13
Baldwin Insurance Group
7D
-8.8%
1Y
-53.7%
Narrative Update • Jun 05

BWIN: Margin Execution And Buybacks Will Support Upside Despite Cautious Street Tone

Analysts have trimmed their average price target on Baldwin Insurance Group by a few dollars to $40. They cited slightly softer revenue growth assumptions, along with a modestly higher discount rate and a marginally lower future P/E, partly offset by expectations for stronger profit margins.
HIG
US$129.62
Hartford Insurance Group
7D
-1.9%
1Y
3.5%
Narrative Update • Jun 04

HIG: Future Returns Will Reflect Funds Sale Proceeds And Resilient Margins

Analysts have nudged their blended price target on Hartford Insurance Group slightly lower, with the internal fair value estimate edging from $149.45 to $149.10 as recent research reports combine modest target cuts with a few small upward revisions. Analyst Commentary Recent Street research on Hartford Insurance Group reflects a mix of caution and support, with several firms trimming price targets while a few have nudged them higher.
MRSH
US$168.68
Marsh & McLennan Companies
7D
2.0%
1Y
-22.4%
UNM
US$92.73
Unum Group
7D
6.8%
1Y
18.6%
Narrative Update • Jun 01

UNM: Buybacks And Mortality Trends Will Support Returns Through Sector Headwinds

Analysts have nudged the implied fair value for Unum Group higher to about $97.62 from roughly $95.08, as recent price target increases, backed by views of generally strong life insurance results, ongoing earnings momentum and improvements in mortality, offset a smaller number of target trims across the sector. Analyst Commentary Recent research on Unum Group reflects a mix of optimism and caution, with several price target increases around life insurance results and a few trims tied to sector wide valuation questions.
MAAS
US$14.86
Maase
7D
39.4%
1Y
n/a