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U.S. Insurance Industry Analysis

UpdatedOct 16, 2025
DataAggregated Company Financials
Companies130
  • 7D-2.9%
  • 3M-0.2%
  • 1Y-2.8%
  • YTD2.1%

Over the last 7 days, the Insurance industry has dropped 2.9%, driven by a pullback from Progressive of 6.8%. Over the last year, the industry has been flat overall. 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
Fri, 17 Oct 2025US$1.4tUS$921.8bUS$88.9b14.2x16x1.5x
Sun, 14 Sep 2025US$1.4tUS$919.1bUS$88.6b14.4x15.9x1.5x
Tue, 12 Aug 2025US$1.4tUS$918.2bUS$88.4b14.2x15.6x1.5x
Thu, 10 Jul 2025US$1.4tUS$902.8bUS$82.1b14.5x17.1x1.6x
Sat, 07 Jun 2025US$1.4tUS$902.8bUS$82.3b14.9x17.6x1.6x
Mon, 05 May 2025US$1.4tUS$895.0bUS$85.0b14.2x16.9x1.6x
Wed, 02 Apr 2025US$1.5tUS$897.3bUS$92.9b14.3x16.2x1.7x
Fri, 28 Feb 2025US$1.4tUS$896.4bUS$94.1b13.1x15.2x1.6x
Sun, 26 Jan 2025US$1.4tUS$894.1bUS$91.8b12.7x14.8x1.5x
Tue, 24 Dec 2024US$1.4tUS$893.2bUS$91.1b13.1x14.8x1.5x
Thu, 21 Nov 2024US$1.4tUS$893.2bUS$91.0b13.5x15.5x1.6x
Sat, 19 Oct 2024US$1.4tUS$860.8bUS$89.5b14.2x15.9x1.7x
Mon, 16 Sep 2024US$1.4tUS$855.5bUS$87.0b14.2x15.9x1.6x
Wed, 14 Aug 2024US$1.3tUS$855.4bUS$87.0b13.2x14.8x1.5x
Fri, 12 Jul 2024US$1.2tUS$820.7bUS$79.0b13.6x14.9x1.4x
Sun, 09 Jun 2024US$1.2tUS$823.4bUS$79.2b12.7x14.9x1.4x
Tue, 07 May 2024US$1.2tUS$819.5bUS$78.9b14.1x14.8x1.4x
Thu, 04 Apr 2024US$1.2tUS$792.6bUS$66.9b14.9x17.8x1.5x
Sat, 02 Mar 2024US$1.1tUS$791.6bUS$66.7b14.9x17.2x1.4x
Mon, 29 Jan 2024US$1.2tUS$794.3bUS$49.9b13.2x23.3x1.5x
Wed, 27 Dec 2023US$1.1tUS$792.9bUS$47.7b13.1x22.8x1.4x
Fri, 24 Nov 2023US$1.1tUS$792.6bUS$47.3b12.6x23x1.4x
Sun, 22 Oct 2023US$1.0tUS$804.2bUS$40.0b14.6x25.8x1.3x
Tue, 19 Sep 2023US$1.1tUS$799.3bUS$38.7b14.8x27.1x1.3x
Thu, 17 Aug 2023US$1.0tUS$799.0bUS$38.6b15.3x26.4x1.3x
Sat, 15 Jul 2023US$974.2bUS$781.6bUS$37.8b15.2x25.8x1.2x
Mon, 12 Jun 2023US$966.2bUS$774.5bUS$35.1b15.3x27.5x1.2x
Wed, 10 May 2023US$977.4bUS$772.5bUS$38.3b15.6x25.5x1.3x
Fri, 07 Apr 2023US$966.4bUS$759.5bUS$44.3b15.3x21.8x1.3x
Sun, 05 Mar 2023US$1.0tUS$759.6bUS$44.3b16.1x23.1x1.3x
Tue, 31 Jan 2023US$1.0tUS$780.3bUS$53.6b15.9x19.4x1.3x
Thu, 29 Dec 2022US$1.0tUS$777.8bUS$54.7b14.9x18.4x1.3x
Sat, 26 Nov 2022US$1.0tUS$777.8bUS$54.6b14.4x19x1.3x
Mon, 24 Oct 2022US$947.1bUS$769.3bUS$63.5b13.5x14.9x1.2x
Price to Earnings Ratio

14.9x


Total Market Cap: US$947.1bTotal Earnings: US$63.5bTotal Revenue: US$769.3bTotal 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 16.0x which is lower than its 3-year average PE of 19.0x.
  • 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 12% per year over the last three years.
  • Revenues for these companies have grown 6.2% 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-1.18%
Financials-0.68%
Insurance-2.93%
General Insurance0.43%
Life and Health Insurance-0.70%
Reinsurance-2.01%
Insurance Brokers-2.26%
Property and Casualty Insurance-3.99%
Industry PE
  • Investors are most optimistic about the Insurance Brokers industry, which is trading close to its 3-year average PE ratio of 37.7x.
    • Analysts are expecting annual earnings growth of 21.4%, which is higher than its past year's earnings growth of 1.6% 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 Insurance Brokers industry, expecting annual earnings growth of 21% over the next 5 years.
  • This is better than its past earnings growth rate of 1.6% per year.
  • In contrast, the Property and Casualty Insurance industry is expected to see its earnings grow by 3.0% 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
OSCR Oscar HealthUS$21.032.4%
+US$126.5m		25.2%PS0.5x
ASIC Ategrity Specialty Insurance Company HoldingsUS$17.607.4%
+US$58.6m		n/aPE14.2x
HCI HCI GroupUS$190.341.9%
+US$46.5m		63.0%PE17.9x
STC Stewart Information ServicesUS$68.852.2%
+US$40.9m		-3.4%PE21.9x
CIA CitizensUS$5.805.6%
+US$15.6m		9.2%PE25.9x

Latest News

TRV
US$261.57
Travelers Companies
7D
-4.7%
1Y
-1.2%
ALL
US$194.88
Allstate
7D
-6.8%
1Y
-0.3%
PGR
US$221.74
Progressive
7D
-8.4%
1Y
-11.8%

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Progressive's analyst price target has decreased modestly, dropping by $5.42 to $272.74. Analysts point to slower revenue growth and profit margin pressures, partially offset by industry-wide improvements in catastrophe losses and continued earnings resilience.
AON
US$343.12
Aon
7D
-4.8%
1Y
-4.4%
OSCR
US$21.03
Oscar Health
7D
2.4%
1Y
25.2%
STC
US$68.85
Stewart Information Services
7D
2.2%
1Y
-3.4%
CB
US$268.23
Chubb
7D
-5.7%
1Y
-11.1%
AJG
US$280.17
Arthur J. Gallagher
7D
-7.3%
1Y
-3.6%
ASIC
US$17.60
Ategrity Specialty Insurance Company Holdings
7D
7.4%
1Y
n/a
AIG
US$77.02
American International Group
7D
-7.4%
1Y
-2.7%
MMC
US$186.48
Marsh & McLennan Companies
7D
-9.5%
1Y
-17.8%

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Analysts have modestly trimmed their price target for Marsh & McLennan Companies from $232.42 to $228.53. They cited persistent growth headwinds in commercial property pricing and continued sector-wide margin pressures.
KFS
US$15.23
Kingsway Financial Services
7D
1.2%
1Y
61.0%
CIA
US$5.80
Citizens
7D
5.6%
1Y
9.2%
YB
US$22.40
Yuanbao
7D
1.5%
1Y
n/a
TRUP
US$42.45
Trupanion
7D
0.4%
1Y
-23.5%

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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.
HCI
US$190.34
HCI Group
7D
1.9%
1Y
63.0%