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U.S. Insurance Industry Analysis

UpdatedSep 16, 2025
DataAggregated Company Financials
Companies129
  • 7D-0.9%
  • 3M-1.0%
  • 1Y-0.6%
  • YTD2.4%

In the last week, Insurance has been flat. Furthermore, the industry has been flat for the past year as well. Looking forward, earnings are forecast to grow by 11% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 17 Sep 2025US$1.4tUS$919.1bUS$88.7b14x15.9x1.5x
Fri, 15 Aug 2025US$1.4tUS$918.4bUS$88.4b14.6x15.9x1.5x
Sun, 13 Jul 2025US$1.4tUS$902.8bUS$82.1b14.3x16.7x1.5x
Tue, 10 Jun 2025US$1.5tUS$902.8bUS$82.3b14.6x17.7x1.6x
Thu, 08 May 2025US$1.4tUS$900.3bUS$84.9b14.6x17x1.6x
Sat, 05 Apr 2025US$1.5tUS$897.3bUS$92.9b12.8x16x1.7x
Mon, 03 Mar 2025US$1.5tUS$896.5bUS$93.2b13.3x15.8x1.6x
Wed, 29 Jan 2025US$1.4tUS$894.7bUS$91.9b12.8x15.3x1.6x
Fri, 27 Dec 2024US$1.4tUS$893.2bUS$91.1b13.1x15x1.5x
Sun, 24 Nov 2024US$1.5tUS$893.2bUS$91.0b13.7x16x1.6x
Tue, 22 Oct 2024US$1.4tUS$860.8bUS$89.4b14.1x15.9x1.7x
Thu, 19 Sep 2024US$1.4tUS$855.2bUS$87.4b14.3x16x1.6x
Sat, 17 Aug 2024US$1.3tUS$855.4bUS$87.0b13.6x15.2x1.5x
Mon, 15 Jul 2024US$1.2tUS$820.7bUS$79.0b13.5x15.2x1.5x
Wed, 12 Jun 2024US$1.2tUS$823.4bUS$79.2b13x14.9x1.4x
Fri, 10 May 2024US$1.2tUS$821.3bUS$80.1b13x14.7x1.4x
Sun, 07 Apr 2024US$1.2tUS$792.6bUS$66.9b14.6x17.8x1.5x
Tue, 05 Mar 2024US$1.1tUS$792.1bUS$66.6b14.7x17.1x1.4x
Thu, 01 Feb 2024US$1.2tUS$797.1bUS$53.1b12.3x22x1.5x
Sat, 30 Dec 2023US$1.1tUS$792.9bUS$47.7b13x23x1.4x
Mon, 27 Nov 2023US$1.1tUS$792.8bUS$47.5b12.6x23.2x1.4x
Wed, 25 Oct 2023US$1.0tUS$804.2bUS$40.0b14.5x25.5x1.3x
Fri, 22 Sep 2023US$1.0tUS$799.3bUS$38.7b14.7x27x1.3x
Sun, 20 Aug 2023US$1.0tUS$799.0bUS$38.6b15.2x26.1x1.3x
Tue, 18 Jul 2023US$974.2bUS$781.6bUS$37.8b15.3x25.8x1.2x
Thu, 15 Jun 2023US$958.5bUS$774.5bUS$35.1b16.5x27.3x1.2x
Sat, 13 May 2023US$969.5bUS$773.8bUS$35.6b15.5x27.3x1.3x
Mon, 10 Apr 2023US$966.4bUS$759.1bUS$44.1b15.3x21.9x1.3x
Wed, 08 Mar 2023US$1.0tUS$758.5bUS$44.1b17.1x22.8x1.3x
Fri, 03 Feb 2023US$1.0tUS$782.4bUS$53.2b16.2x19.3x1.3x
Sun, 01 Jan 2023US$1.0tUS$777.8bUS$54.7b14.9x18.6x1.3x
Tue, 29 Nov 2022US$1.0tUS$777.8bUS$54.6b14.3x18.7x1.3x
Thu, 27 Oct 2022US$958.8bUS$769.2bUS$62.5b13.6x15.3x1.2x
Sat, 24 Sep 2022US$896.1bUS$767.1bUS$63.3b13.1x14.2x1.2x
Price to Earnings Ratio

14.2x


Total Market Cap: US$896.1bTotal Earnings: US$63.3bTotal Revenue: US$767.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Insurance Industry Price to Earnings3Y Average 19x202320242025
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 15.9x which is lower than its 3-year average PE of 18.9x.
  • The industry is trading close to its 3-year average PS ratio of 1.4x.
Past Earnings Growth
  • The earnings for companies in the Insurance industry have grown 6.1% per year over the last three years.
  • Revenues for these companies have grown 4.9% 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 Market1.88%
Financials0.84%
Insurance-0.85%
General Insurance1.37%
Life and Health Insurance1.18%
Reinsurance-0.13%
Property and Casualty Insurance-0.74%
Insurance Brokers-2.60%
Industry PE
  • Investors are most optimistic about the Insurance Brokers industry, which is trading close to its 3-year average PE ratio of 37.6x.
    • Analysts are expecting annual earnings growth of 21.6%, which is higher than its past year's earnings growth of 2.1% per year.
  • Investors are most pessimistic about the Reinsurance industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
  • Analysts are most optimistic on the Reinsurance industry, expecting annual earnings growth of 22% over the next 5 years.
  • This is better than its past earnings decline of 34% per year.
  • In contrast, the Property and Casualty Insurance industry is expected to see its earnings grow by 3.6% 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
PGR ProgressiveUS$244.970.7%
+US$1.0b		-4.6%PE13.8x
BNT Brookfield Wealth SolutionsUS$69.715.3%
+US$994.8m		38.9%PE25.1x
AFL AflacUS$107.631.3%
+US$722.0m		-1.8%PE23.6x
LMND LemonadeUS$57.308.4%
+US$328.8m		215.2%PS7x
UNM Unum GroupUS$74.211.3%
+US$160.1m		31.6%PE8.3x

Latest News

TIPT
US$24.20
Tiptree
7D
5.4%
1Y
21.3%
WTW
US$330.72
Willis Towers Watson
7D
0.4%
1Y
12.9%
AON
US$356.57
Aon
7D
-2.7%
1Y
2.1%

Risk Analyzers And Business Services Expansion Will Drive Operational Efficiency

Analysts have raised Aon's price target slightly to $414.20, citing solid organic growth driven by talent investments, better-than-expected Q2 performance, and relative resilience to P&C market softness, though some caution remains due to high valuation and tight earnings expectations. Analyst Commentary Bullish analysts expect Aon's investments in talent, particularly in construction, energy, and health, to drive increased organic growth, with productivity gains materializing in late 2025 and beyond.
AJG
US$291.46
Arthur J. Gallagher
7D
-2.4%
1Y
-1.5%
AIG
US$76.34
American International Group
7D
-2.7%
1Y
3.7%
BNT
US$69.71
Brookfield Wealth Solutions
7D
5.3%
1Y
38.9%
CB
US$272.02
Chubb
7D
-1.8%
1Y
-6.5%
BRO
US$90.92
Brown & Brown
7D
-2.7%
1Y
-11.9%
PGR
US$244.97
Progressive
7D
0.7%
1Y
-4.6%

Advanced Analytics Will Reshape Auto Insurance Amid Competition Risks

Analysts cite persistent profit margin strength but growing caution around slowing growth prospects, increased competition, and sector headwinds—factors that offset upside potential and result in the consensus Analyst Price Target remaining unchanged at $283.56. Analyst Commentary Bullish analysts cite Progressive's consistent outperformance on profit margins, with recent operating EPS beats exceeding expectations and normalized underwriting margin forecasts being revised slightly higher into 2027.
AFL
US$107.63
Aflac
7D
1.3%
1Y
-1.8%
PRU
US$102.15
Prudential Financial
7D
-3.2%
1Y
-13.9%
LMND
US$57.30
Lemonade
7D
8.4%
1Y
215.2%

AI Driven Efficiency Will Offset Insurance Risks In Expansion

Lemonade’s analyst price target has been raised from $39.86 to $45.12, as improving growth in key segments and progress toward profitability are partially offset by competitive pressures and softening market conditions. Analyst Commentary Bullish analysts highlight continued strong growth in Lemonade's car insurance and European segments, as well as ongoing progress toward profitability and improving loss ratios.
ALL
US$196.30
Allstate
7D
-1.9%
1Y
3.2%
TRUP
US$44.73
Trupanion
7D
3.1%
1Y
-3.9%

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The consensus price target for Trupanion has increased to $59.67 as analysts assign a higher future P/E multiple despite a modest decline in net profit margin, signaling greater optimism about its growth prospects. Valuation Changes Summary of Valuation Changes for Trupanion The Consensus Analyst Price Target has significantly risen from $53.00 to $59.67.
UNM
US$74.21
Unum Group
7D
1.3%
1Y
31.6%

Unum Group Just Missed Earnings - But Analysts Have Updated Their Models

Aug 01
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MMC
US$196.83
Marsh & McLennan Companies
7D
-2.5%
1Y
-13.7%