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U.S. Insurance Industry Analysis

UpdatedJun 11, 2026
DataAggregated Company Financials
Companies128
  • 7D5.7%
  • 3M3.7%
  • 1Y-3.9%
  • YTD-2.0%

Chubb is up 5.7%, leading the way for the Insurance industry, which has gained 5.7%. In contrast, the industry has lost 3.9% in the last 12 months. 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
Thu, 11 Jun 2026US$1.3tUS$959.6bUS$114.0b11.2x11.5x1.4x
Sat, 09 May 2026US$1.3tUS$960.5bUS$114.2b11.2x11.3x1.3x
Mon, 06 Apr 2026US$1.3tUS$946.4bUS$105.4b11.4x12.3x1.4x
Wed, 04 Mar 2026US$1.4tUS$948.3bUS$105.3b11.9x13x1.4x
Fri, 30 Jan 2026US$1.3tUS$936.0bUS$100.4b13.1x13.3x1.4x
Sun, 28 Dec 2025US$1.4tUS$931.1bUS$99.3b13.3x14.2x1.5x
Tue, 25 Nov 2025US$1.4tUS$931.0bUS$99.2b12.9x13.8x1.5x
Thu, 23 Oct 2025US$1.4tUS$924.7bUS$90.2b13.9x15x1.5x
Sat, 20 Sep 2025US$1.4tUS$919.1bUS$88.7b13.8x15.7x1.5x
Mon, 18 Aug 2025US$1.4tUS$918.4bUS$88.4b14.4x15.8x1.5x
Wed, 16 Jul 2025US$1.4tUS$902.8bUS$82.1b14.2x17x1.6x
Fri, 13 Jun 2025US$1.4tUS$903.2bUS$82.4b14.6x17.1x1.6x
Sun, 11 May 2025US$1.4tUS$902.5bUS$82.3b14.8x17.6x1.6x
Tue, 08 Apr 2025US$1.4tUS$897.3bUS$92.9b12.6x14.8x1.5x
Thu, 06 Mar 2025US$1.5tUS$897.5bUS$93.1b13.2x15.6x1.6x
Sat, 01 Feb 2025US$1.4tUS$901.4bUS$90.8b12.7x15.5x1.6x
Mon, 30 Dec 2024US$1.4tUS$892.9bUS$91.5b13x14.9x1.5x
Wed, 27 Nov 2024US$1.4tUS$893.2bUS$91.1b13.9x15.9x1.6x
Fri, 25 Oct 2024US$1.4tUS$862.1bUS$89.8b13.4x15.6x1.6x
Sun, 22 Sep 2024US$1.4tUS$855.1bUS$87.4b14.2x15.9x1.6x
Tue, 20 Aug 2024US$1.3tUS$855.4bUS$87.0b13.7x15.3x1.6x
Thu, 18 Jul 2024US$1.2tUS$823.6bUS$80.2b13.7x15.2x1.5x
Sat, 15 Jun 2024US$1.2tUS$823.4bUS$79.2b12.7x14.7x1.4x
Mon, 13 May 2024US$1.2tUS$823.1bUS$79.1b13.1x15x1.4x
Wed, 10 Apr 2024US$1.2tUS$792.7bUS$66.9b14.7x17.7x1.5x
Fri, 08 Mar 2024US$1.2tUS$792.1bUS$66.7b14.3x17.4x1.5x
Sun, 04 Feb 2024US$1.2tUS$800.6bUS$55.3b13.6x20.8x1.4x
Tue, 02 Jan 2024US$1.1tUS$792.9bUS$47.7b13x23x1.4x
Thu, 30 Nov 2023US$1.1tUS$792.8bUS$47.5b12.7x23x1.4x
Sat, 28 Oct 2023US$1.0tUS$807.8bUS$42.9b13.6x23.8x1.3x
Mon, 25 Sep 2023US$1.1tUS$799.3bUS$38.7b14.8x27.1x1.3x
Wed, 23 Aug 2023US$997.9bUS$799.1bUS$38.6b15x25.8x1.2x
Fri, 21 Jul 2023US$1.0tUS$783.0bUS$37.3b15.7x27.1x1.3x
Sun, 18 Jun 2023US$975.5bUS$774.5bUS$35.1b16.4x27.8x1.3x
Price to Earnings Ratio

27.8x


Total Market Cap: US$975.5bTotal Earnings: US$35.1bTotal Revenue: US$774.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Insurance Industry Price to Earnings3Y Average 17.3x202420252026
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 11.5x which is lower than its 3-year average PE of 17.3x.
  • 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 Market-4.05%
Financials2.58%
Insurance5.69%
Insurance Brokers7.01%
General Insurance6.76%
Reinsurance5.97%
Life and Health Insurance5.97%
Property and Casualty Insurance5.08%
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 13.5%, 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 14% 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
CB ChubbUS$330.585.7%
+US$6.9b		15.7%PE11.3x
PGR ProgressiveUS$204.205.6%
+US$6.3b		-22.4%PE10.3x
MRSH Marsh & McLennan CompaniesUS$167.156.2%
+US$4.7b		-23.1%PE20.6x
AJG Arthur J. GallagherUS$220.148.7%
+US$4.5b		-29.7%PE35.1x
AON AonUS$336.336.6%
+US$4.4b		-3.8%PE18.2x

Latest News

GOCO
US$0.29
GoHealth
7D
-61.1%
1Y
-95.1%
TRV
US$303.36
Travelers Companies
7D
4.6%
1Y
16.1%
Narrative Update • Jun 10

TRV: Underwriting And Capital Returns Will Offset AI And Reserve Uncertainties

Analysts have nudged the fair value estimate for Travelers Companies slightly higher to about $314.48, citing a series of raised price targets across the Street and updated views that recent underwriting results and company actions help support the stock's risk profile relative to brokers. Analyst Commentary Recent research points to a generally constructive view on Travelers Companies, with several price targets adjusted higher and one modest trim.
CB
US$330.58
Chubb
7D
5.7%
1Y
15.7%
MET
US$86.13
MetLife
7D
6.4%
1Y
9.1%
Narrative Update • Jun 09

MET: Capital Returns And Product Flexibility Will Shape Future Risk Reward Balance

Analysts have raised their price target on MetLife to $92.80 from $89.31, citing updated assumptions around fair value, discount rate, revenue growth, profit margin, and future P/E estimates. What's in the News MetLife reported Q1 2026 adjusted earnings growth of 18% year over year, with broad top line growth across all operating segments and resilient margins, supported by expanding businesses in Asia, Latin America, Group Benefits, and Retirement and Income Solutions.
ALL
US$223.34
Allstate
7D
6.7%
1Y
13.8%
ARX
US$14.12
Accelerant Holdings
7D
-3.4%
1Y
n/a
GBLI
US$25.76
Global Indemnity Group
7D
-4.5%
1Y
-15.2%
AJG
US$220.14
Arthur J. Gallagher
7D
8.7%
1Y
-29.7%
PGR
US$204.20
Progressive
7D
5.6%
1Y
-22.4%
Narrative Update • Jun 07

PGR: AI Expense Efficiencies Will Support Underwriting Discipline And Earnings Resilience

Analysts have nudged Progressive's implied fair value higher to about $291 from roughly $284, while slightly adjusting discount rate, revenue growth, profit margin and future P/E assumptions, citing mixed recent earnings trends and growing interest in the company's potential role in the emerging AI economy. Analyst Commentary Recent Street research on Progressive shows a mix of higher and lower price targets, with several bullish analysts highlighting the company's potential earnings power and role in the developing use of AI across insurance.
WTM
US$2,018.89
White Mountains Insurance Group
7D
-0.7%
1Y
15.0%
SLQT
US$0.86
SelectQuote
7D
-8.4%
1Y
-61.7%
Narrative Update • Jun 06

SLQT: Earnings Outlook And Margin Improvement Will Support Future Upside Potential

Analysts have revised their SelectQuote price target to $5.00 to reflect updated assumptions, including a slightly lower revenue growth outlook, a modestly higher profit margin, and a revised discount rate and forward P/E that together indicate a more measured risk and valuation profile. What's in the News SelectQuote reaffirmed earnings guidance for Fiscal Year 2026, with revenue expected in a range of US$1.61b to US$1.71b.
AON
US$336.33
Aon
7D
6.6%
1Y
-3.8%
Narrative Update • Jun 05

AON: AI Exposed Services And Cost Efficiencies Will Support Future Upside

Analysts have made a small downward adjustment to Aon’s fair value estimate to about $385, reflecting slightly lower revenue growth assumptions and a more conservative average of recent price target moves, even though some firms highlight stronger organic growth potential and modestly higher profit margin expectations. Analyst Commentary Recent Street research around Aon reflects a split view, with some analysts leaning more optimistic on long term execution and others becoming more cautious on the sector setup and growth outlook for brokers versus carriers.
WDH
US$1.40
Waterdrop
7D
-4.1%
1Y
-0.7%
MRSH
US$167.15
Marsh & McLennan Companies
7D
6.2%
1Y
-23.1%
LIFE
US$16.51
Ethos Technologies
7D
-2.2%
1Y
n/a
FGNX
US$6.04
FG Nexus
7D
-15.0%
1Y
-93.2%