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U.S. Insurance Industry Analysis

UpdatedMar 15, 2026
DataAggregated Company Financials
Companies129
  • 7D-3.4%
  • 3M-7.9%
  • 1Y-10.4%
  • YTD-5.3%

Over the last 7 days, the Insurance industry has dropped 3.4%, driven by pullbacks in Marsh & McLennan Companies and Arthur J. Gallagher of 6.0% and 8.9%, respectively. The industry has fallen 10% in the last year. As for the next few years, earnings are expected to grow by 3.8% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 15 Mar 2026US$1.3tUS$946.2bUS$105.4b11.4x12.3x1.4x
Tue, 10 Feb 2026US$1.4tUS$944.2bUS$106.7b12.6x12.9x1.5x
Thu, 08 Jan 2026US$1.4tUS$931.1bUS$99.3b12.9x14x1.5x
Sat, 06 Dec 2025US$1.4tUS$931.1bUS$99.3b12.8x13.7x1.5x
Mon, 03 Nov 2025US$1.3tUS$927.9bUS$95.6b13.4x13.8x1.4x
Wed, 01 Oct 2025US$1.4tUS$919.1bUS$88.7b13.6x15.9x1.5x
Fri, 29 Aug 2025US$1.4tUS$918.4bUS$88.6b14.8x15.9x1.5x
Sun, 27 Jul 2025US$1.4tUS$912.4bUS$86.5b14.5x16.3x1.5x
Tue, 24 Jun 2025US$1.4tUS$904.1bUS$82.6b14.3x17.4x1.6x
Thu, 22 May 2025US$1.5tUS$902.8bUS$82.1b14.7x17.8x1.6x
Sat, 19 Apr 2025US$1.4tUS$898.5bUS$92.2b13.2x15.3x1.6x
Mon, 17 Mar 2025US$1.5tUS$897.3bUS$93.0b13.7x15.7x1.6x
Wed, 12 Feb 2025US$1.4tUS$905.1bUS$93.0b12.8x15x1.5x
Fri, 10 Jan 2025US$1.4tUS$892.9bUS$91.5b12.9x14.8x1.5x
Sun, 08 Dec 2024US$1.4tUS$893.2bUS$91.1b13.4x15.7x1.6x
Tue, 05 Nov 2024US$1.4tUS$885.2bUS$91.5b13x14.8x1.5x
Thu, 03 Oct 2024US$1.4tUS$855.0bUS$87.4b13.9x15.9x1.6x
Sat, 31 Aug 2024US$1.4tUS$855.4bUS$87.0b14.1x15.9x1.6x
Mon, 29 Jul 2024US$1.3tUS$844.5bUS$84.1b13.4x15.5x1.5x
Wed, 26 Jun 2024US$1.2tUS$823.4bUS$79.2b13.2x15.1x1.5x
Fri, 24 May 2024US$1.2tUS$823.4bUS$79.1b12.5x15.1x1.5x
Sun, 21 Apr 2024US$1.2tUS$797.7bUS$69.1b14.9x16.7x1.4x
Tue, 19 Mar 2024US$1.2tUS$792.7bUS$67.0b14.2x17.6x1.5x
Thu, 15 Feb 2024US$1.1tUS$784.1bUS$63.5b13.1x17.4x1.4x
Sat, 13 Jan 2024US$1.1tUS$790.2bUS$48.8b13.1x23.1x1.4x
Mon, 11 Dec 2023US$1.1tUS$792.9bUS$47.7b13.5x22.8x1.4x
Wed, 08 Nov 2023US$1.1tUS$790.5bUS$46.8b12.8x22.6x1.3x
Fri, 06 Oct 2023US$1.0tUS$799.1bUS$38.9b14.8x26.4x1.3x
Sun, 03 Sep 2023US$1.0tUS$799.3bUS$38.7b15.1x26.6x1.3x
Tue, 01 Aug 2023US$1.0tUS$789.3bUS$38.9b15.7x26.1x1.3x
Thu, 29 Jun 2023US$967.9bUS$777.7bUS$36.9b14.6x26.2x1.2x
Sat, 27 May 2023US$939.7bUS$774.5bUS$35.1b15.2x26.7x1.2x
Mon, 24 Apr 2023US$979.0bUS$760.4bUS$43.9b15.7x22.3x1.3x
Wed, 22 Mar 2023US$944.8bUS$759.4bUS$44.2b15.1x21.4x1.2x
Price to Earnings Ratio

21.4x


Total Market Cap: US$944.8bTotal Earnings: US$44.2bTotal Revenue: US$759.4bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Insurance Industry Price to Earnings3Y Average 18.2x202420252026
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 12.2x which is lower than its 3-year average PE of 18.2x.
  • 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 34% per year over the last three years.
  • Revenues for these companies have grown 7.6% 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-1.62%
Financials-3.35%
Insurance-3.39%
Property and Casualty Insurance-2.08%
General Insurance-2.11%
Reinsurance-2.77%
Life and Health Insurance-4.00%
Insurance Brokers-6.26%
Industry PE
  • Investors are most optimistic about the Insurance Brokers industry even though it's trading below its 3-year average PE ratio of 36.7x.
    • Analysts are expecting annual earnings growth of 13.4%, which is lower than the prior year's growth of 39.2% per year.
  • Investors are most pessimistic about the Reinsurance industry, which is trading below its 3-year average of 14.1x.
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 39% per year.
  • In contrast, the Property and Casualty Insurance industry is expected to see its earnings decline by 2.1% 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
NP Neptune Insurance HoldingsUS$21.877.7%
+US$216.9m		n/aPS18.9x
CB ChubbUS$328.970.3%
+US$124.4m		11.9%PE12.4x
WTM White Mountains Insurance GroupUS$2.19k1.3%
+US$70.8m		16.5%PE4.9x
BHF Brighthouse FinancialUS$60.231.8%
+US$59.5m		8.3%PE10.4x
GLRE Greenlight Capital ReUS$15.6010.2%
+US$47.6m		18.0%PE7.1x

Latest News

NP
US$21.87
Neptune Insurance Holdings
7D
7.7%
1Y
n/a
PGR
US$205.17
Progressive
7D
-2.6%
1Y
-27.7%
HIG
US$132.93
Hartford Insurance Group
7D
-4.5%
1Y
11.8%
CB
US$328.97
Chubb
7D
0.3%
1Y
11.9%

CB: Dividends And Buybacks Will Support A Stable Fairly Valued Outlook

Analysts have nudged their price target on Chubb slightly higher to about $338 from roughly $336, attributing the change to small adjustments in expected revenue trends, profit margins, and future P/E assumptions. What's in the News Chubb's Board of Directors plans to recommend at the 2026 Annual General Meeting an annual dividend of $4.08 per share, payable in four quarterly payments of $1.02 per share, compared with the current quarterly dividend of $0.97 per share.
PRU
US$92.00
Prudential Financial
7D
-5.3%
1Y
-15.2%
HRTG
US$28.23
Heritage Insurance Holdings
7D
5.0%
1Y
105.8%
GLRE
US$15.60
Greenlight Capital Re
7D
10.2%
1Y
18.0%
AON
US$321.41
Aon
7D
-5.6%
1Y
-19.4%
MRSH
US$172.15
Marsh & McLennan Companies
7D
-6.0%
1Y
-25.6%
WTM
US$2,194.70
White Mountains Insurance Group
7D
1.3%
1Y
16.5%
BHF
US$60.23
Brighthouse Financial
7D
1.8%
1Y
8.3%

BHF: Aquarian Take-Private And Sector Headwinds Will Shape 2026 Outlook

Narrative Update on Brighthouse Financial The analyst price target for Brighthouse Financial has been reaffirmed at $65, as analysts view the Aquarian deal as already reflected in the valuation and expect the transaction to proceed with Brighthouse ultimately being taken private. Analyst Commentary Recent commentary on Brighthouse Financial centers on how fully the Aquarian transaction is reflected in the current share price, as well as broader themes like capital strength, cash generation, and sector consolidation.
HG
US$29.08
Hamilton Insurance Group
7D
1.7%
1Y
45.6%

HG: Special Dividend And Completed Buybacks Will Support Higher Future Upside Potential

Analysts have adjusted their price target on Hamilton Insurance Group to $32.57 from $30.93. The revision reflects updated views on fair value, profit margins, revenue growth expectations, and forward P/E assumptions.
BRO
US$68.26
Brown & Brown
7D
-7.1%
1Y
-42.3%

BRO: Ongoing Share Repurchases Will Support Future Upside Potential

Analysts have made a small downward tweak to their price target on Brown & Brown, trimming it by about $0.07 as they fine tune assumptions around fair value, discount rate, revenue growth, profit margins and future P/E. What's in the News Completed a share repurchase tranche between October 1, 2025 and December 31, 2025, buying 1,255,970 shares for US$100 million, equal to 0.37% of shares.
AJG
US$207.93
Arthur J. Gallagher
7D
-8.9%
1Y
-36.1%

AJG: Margin Durability And Softer Cycle Are Expected To Support 2026 Upside

Narrative Update: Arthur J. Gallagher (AJG) The analyst price target for Arthur J.
MET
US$67.97
MetLife
7D
-5.4%
1Y
-15.5%

MET: Buybacks And Retirement Income Agreements Will Drive Future Upside

Analysts have trimmed their price target on MetLife to about $90.93 from roughly $92.93. This reflects updated views on slightly lower expected revenue growth, a modestly softer profit margin, a higher discount rate, and a largely unchanged future P/E assumption.
XZO
US$15.65
Exzeo Group
7D
1.3%
1Y
n/a