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U.S. Insurance Industry Analysis

UpdatedFeb 05, 2026
DataAggregated Company Financials
Companies128
  • 7D3.3%
  • 3M3.9%
  • 1Y-1.5%
  • YTD0.4%

In the last week, the Insurance industry is up 3.3%, with Chubb up 8.5%. Despite this gain, the industry's performance has been flat over the past year. Looking forward, earnings are forecast to grow by 5.1% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 05 Feb 2026US$1.4tUS$937.3bUS$103.8b13x13x1.4x
Sat, 03 Jan 2026US$1.4tUS$931.1bUS$99.3b12.9x14.1x1.5x
Mon, 01 Dec 2025US$1.4tUS$931.0bUS$99.2b13.2x13.9x1.5x
Wed, 29 Oct 2025US$1.3tUS$928.2bUS$91.8b13.3x14.7x1.5x
Fri, 26 Sep 2025US$1.4tUS$919.1bUS$88.7b13.6x15.8x1.5x
Sun, 24 Aug 2025US$1.4tUS$918.4bUS$88.5b14.7x16.2x1.6x
Tue, 22 Jul 2025US$1.4tUS$908.2bUS$84.9b14.2x16.4x1.5x
Thu, 19 Jun 2025US$1.4tUS$904.1bUS$82.6b14.2x17.1x1.6x
Sat, 17 May 2025US$1.5tUS$902.8bUS$82.1b15.2x17.7x1.6x
Mon, 14 Apr 2025US$1.4tUS$897.3bUS$92.9b13x15.2x1.6x
Wed, 12 Mar 2025US$1.4tUS$897.4bUS$93.0b12.9x15.5x1.6x
Fri, 07 Feb 2025US$1.4tUS$903.0bUS$94.3b12.5x14.9x1.6x
Sun, 05 Jan 2025US$1.4tUS$892.9bUS$91.5b13x14.8x1.5x
Tue, 03 Dec 2024US$1.5tUS$893.2bUS$91.1b13.5x16.2x1.7x
Thu, 31 Oct 2024US$1.4tUS$867.4bUS$91.5b13.4x15.1x1.6x
Sat, 28 Sep 2024US$1.4tUS$855.0bUS$87.4b14.1x15.9x1.6x
Mon, 26 Aug 2024US$1.3tUS$855.4bUS$87.0b13.9x15.5x1.6x
Wed, 24 Jul 2024US$1.2tUS$825.8bUS$80.8b13x15.1x1.5x
Fri, 21 Jun 2024US$1.2tUS$823.4bUS$79.2b13.2x14.9x1.4x
Sun, 19 May 2024US$1.2tUS$823.1bUS$79.1b12.7x15.2x1.5x
Tue, 16 Apr 2024US$1.1tUS$795.6bUS$68.8b14.6x16.5x1.4x
Thu, 14 Mar 2024US$1.2tUS$792.4bUS$67.0b14.2x17.5x1.5x
Sat, 10 Feb 2024US$1.1tUS$785.9bUS$61.1b12.2x18.2x1.4x
Mon, 08 Jan 2024US$1.1tUS$790.2bUS$48.8b12.7x22.8x1.4x
Wed, 06 Dec 2023US$1.1tUS$792.8bUS$47.5b12.6x23.3x1.4x
Fri, 03 Nov 2023US$1.1tUS$806.7bUS$45.1b12.7x23.4x1.3x
Sun, 01 Oct 2023US$1.0tUS$799.1bUS$38.9b14.6x26.4x1.3x
Tue, 29 Aug 2023US$1.0tUS$799.2bUS$38.7b14.8x26.2x1.3x
Thu, 27 Jul 2023US$1.0tUS$786.9bUS$38.8b16.2x26.4x1.3x
Sat, 24 Jun 2023US$964.0bUS$774.5bUS$35.1b15.7x27.4x1.2x
Mon, 22 May 2023US$974.1bUS$774.5bUS$35.1b15.9x27.7x1.3x
Wed, 19 Apr 2023US$981.5bUS$759.1bUS$44.1b15.1x22.3x1.3x
Fri, 17 Mar 2023US$938.1bUS$759.8bUS$43.9b15.3x21.4x1.2x
Sun, 12 Feb 2023US$1.0tUS$767.1bUS$47.1b16.1x22.1x1.4x
Price to Earnings Ratio

22.1x


Total Market Cap: US$1.0tTotal Earnings: US$47.1bTotal Revenue: US$767.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Insurance Industry Price to Earnings3Y Average 18.6x202420252026
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 13.0x which is lower than its 3-year average PE of 18.6x.
  • 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 30% per year over the last three years.
  • Revenues for these companies have grown 6.9% 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-1.46%
Financials1.09%
Insurance3.28%
Reinsurance4.88%
Insurance Brokers4.38%
Property and Casualty Insurance3.49%
Life and Health Insurance1.04%
General Insurance-0.031%
Industry PE
  • Investors are most optimistic about the Insurance Brokers industry even though it's trading below its 3-year average PE ratio of 37.0x.
    • Analysts are expecting annual earnings growth of 13.4%, which is lower than the prior year's growth of 23.3% per year.
  • Investors are most pessimistic about the Reinsurance industry, which is trading below its 3-year average of 17.2x.
Forecasted Growth
  • Analysts are most optimistic on the Reinsurance industry, expecting annual earnings growth of 17% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • 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
CB ChubbUS$329.458.5%
+US$9.3b		20.8%PE12.5x
MRSH Marsh & McLennan CompaniesUS$189.756.5%
+US$4.7b		-15.9%PE22.1x
AON AonUS$350.215.2%
+US$3.5b		-8.4%PE20.3x
TRV Travelers CompaniesUS$295.224.7%
+US$2.9b		19.8%PE10.3x
HIG Hartford Insurance GroupUS$140.867.8%
+US$2.6b		24.0%PE10.2x

Latest News

XZO
US$17.88
Exzeo Group
7D
-13.2%
1Y
n/a
WTW
US$339.74
Willis Towers Watson
7D
8.1%
1Y
6.0%
CB
US$329.45
Chubb
7D
8.5%
1Y
20.8%
PRU
US$102.17
Prudential Financial
7D
-5.1%
1Y
-10.4%
BWIN
US$20.62
Baldwin Insurance Group
7D
-9.6%
1Y
-50.3%

BWIN: Future Returns Will Rely On Execution In Organic Growth And Margins

Narrative Update on Baldwin Insurance Group The analyst price target for Baldwin Insurance Group has shifted modestly higher to $27. Analysts point to updated views on fair value, discount rate, revenue growth, profit margin, and future P/E assumptions as key inputs behind the change.
ALL
US$207.12
Allstate
7D
5.0%
1Y
7.3%

ALL: Higher Cyber Fraud Protection Will Support Stronger Long-Term Upside

Analysts have raised their price expectations for Allstate to reflect an updated fair value of about US$290.68 per share, with the change linked primarily to revised assumptions about revenue growth, profit margin, and a higher projected P/E of roughly 35.66. What's in the News Allstate estimated catastrophe losses of $83 million, or $65 million after tax, for October 2025, linked to five wind and hail events (Corporate Guidance; Unusual Events).
MRSH
US$189.75
Marsh & McLennan Companies
7D
6.5%
1Y
-15.9%

MRSH: Future Earnings Should Stay Resilient As P And C Cycle Softens

Analysts have inched their blended price target for Marsh & McLennan Companies up by about $1.70 to roughly $209, reflecting updated assumptions around modestly lower revenue, a slightly higher projected profit margin, and a somewhat lower future P/E multiple. Analyst Commentary Recent research on Marsh & McLennan Companies reflects a mix of optimism and caution, with several firms revisiting their price targets as they refresh sector views and look ahead to 2026.
HIG
US$140.86
Hartford Insurance Group
7D
7.8%
1Y
24.0%
OSCR
US$13.22
Oscar Health
7D
-11.1%
1Y
-16.1%

OSCR: Pricing Discipline And Florida Expansion Will Shape Future Earnings Power

Analysts have nudged their fair value estimate for Oscar Health higher to about $15.78 from $15.22, citing updated work on pricing and benefit design, exchange enrollment resilience despite subsidy changes, and expectations for a slightly richer future P/E multiple. Analyst Commentary Recent Street research on Oscar Health points to a mix of optimism about execution in key markets and some lingering caution around pricing, product mix, and longer term earnings power.
AON
US$350.21
Aon
7D
5.2%
1Y
-8.4%
AFL
US$113.62
Aflac
7D
4.3%
1Y
5.9%

Aflac's (NYSE:AFL) Dividend Will Be Increased To $0.61

Jan 30
Aflac's (NYSE:AFL) Dividend Will Be Increased To $0.61
PGR
US$205.54
Progressive
7D
-3.4%
1Y
-17.5%
LMND
US$74.18
Lemonade
7D
-19.4%
1Y
112.1%

After Leaping 29% Lemonade, Inc. (NYSE:LMND) Shares Are Not Flying Under The Radar

Jan 29
After Leaping 29% Lemonade, Inc. (NYSE:LMND) Shares Are Not Flying Under The Radar
TRV
US$295.22
Travelers Companies
7D
4.7%
1Y
19.8%
ARX
US$12.06
Accelerant Holdings
7D
-13.2%
1Y
n/a

Data And AI Execution Risks May Soften Exchange Fee Potential Yet Still Support Upside

Catalysts About Accelerant Holdings Accelerant Holdings operates a specialty insurance risk exchange that connects niche underwriters with risk capital providers and earns primarily fee-based revenue. What are the underlying business or industry changes driving this perspective?
BNT
US$45.84
Brookfield Wealth Solutions
7D
-2.6%
1Y
16.1%

Investors Don't See Light At End Of Brookfield Wealth Solutions Ltd.'s (NYSE:BNT) Tunnel

Jan 16
Investors Don't See Light At End Of Brookfield Wealth Solutions Ltd.'s (NYSE:BNT) Tunnel