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U.S. Insurance Industry Analysis

UpdatedMay 27, 2026
DataAggregated Company Financials
Companies128
  • 7D-0.7%
  • 3M-1.6%
  • 1Y-8.8%
  • YTD-3.6%

The Insurance industry has been flat over the last week, but Allstate has lost 5.2%. Unfortunately though, the industry is down 8.8% over the past 12 months. Earnings are forecast to grow by 2.0% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 27 May 2026US$1.3tUS$959.6bUS$114.0b11.2x11.5x1.4x
Fri, 24 Apr 2026US$1.3tUS$950.4bUS$107.8b11.6x12.4x1.4x
Sun, 22 Mar 2026US$1.3tUS$946.4bUS$105.4b10.8x12.1x1.4x
Tue, 17 Feb 2026US$1.3tUS$950.2bUS$106.0b12.2x12.6x1.4x
Thu, 15 Jan 2026US$1.3tUS$931.1bUS$99.3b12.7x13.5x1.4x
Sat, 13 Dec 2025US$1.4tUS$931.1bUS$99.3b13.5x14x1.5x
Mon, 10 Nov 2025US$1.4tUS$931.8bUS$100.0b13.2x13.5x1.5x
Wed, 08 Oct 2025US$1.4tUS$919.0bUS$88.6b14.3x16.1x1.6x
Fri, 05 Sep 2025US$1.4tUS$919.1bUS$88.6b14.7x15.9x1.5x
Sun, 03 Aug 2025US$1.4tUS$916.2bUS$88.8b13.6x15.2x1.5x
Tue, 01 Jul 2025US$1.4tUS$904.1bUS$82.6b14.5x17.3x1.6x
Thu, 29 May 2025US$1.5tUS$902.7bUS$82.3b14.8x17.6x1.6x
Sat, 26 Apr 2025US$1.4tUS$903.7bUS$91.3b13.5x15.5x1.6x
Mon, 24 Mar 2025US$1.5tUS$897.3bUS$93.0b13.8x15.7x1.6x
Wed, 19 Feb 2025US$1.4tUS$895.6bUS$93.1b12.9x15x1.6x
Fri, 17 Jan 2025US$1.4tUS$892.9bUS$91.5b13.2x15x1.5x
Sun, 15 Dec 2024US$1.4tUS$893.2bUS$91.1b13.1x15.2x1.5x
Tue, 12 Nov 2024US$1.4tUS$891.6bUS$91.1b13x15.5x1.6x
Thu, 10 Oct 2024US$1.4tUS$855.0bUS$87.4b13.8x15.7x1.6x
Sat, 07 Sep 2024US$1.4tUS$855.4bUS$87.0b13.8x15.7x1.6x
Mon, 05 Aug 2024US$1.3tUS$851.5bUS$86.4b13.7x15x1.5x
Wed, 03 Jul 2024US$1.2tUS$823.2bUS$79.2b13.3x14.8x1.4x
Fri, 31 May 2024US$1.2tUS$823.4bUS$79.2b12.7x14.9x1.4x
Sun, 28 Apr 2024US$1.1tUS$804.1bUS$71.4b14.1x16x1.4x
Tue, 26 Mar 2024US$1.2tUS$792.6bUS$67.0b14.4x17.6x1.5x
Thu, 22 Feb 2024US$1.1tUS$783.5bUS$65.7b13.5x17.1x1.4x
Sat, 20 Jan 2024US$1.1tUS$790.2bUS$48.8b12.7x23.3x1.4x
Mon, 18 Dec 2023US$1.1tUS$792.9bUS$47.7b13.3x22.7x1.4x
Wed, 15 Nov 2023US$1.1tUS$792.8bUS$47.2b12.3x22.7x1.4x
Fri, 13 Oct 2023US$1.0tUS$799.5bUS$38.9b15x26.8x1.3x
Sun, 10 Sep 2023US$1.0tUS$799.3bUS$38.7b14.4x26.1x1.3x
Tue, 08 Aug 2023US$1.0tUS$798.1bUS$40.5b16x25.4x1.3x
Thu, 06 Jul 2023US$982.2bUS$777.7bUS$36.9b16.8x26.6x1.3x
Sat, 03 Jun 2023US$955.0bUS$774.5bUS$35.1b15.2x27.2x1.2x
Price to Earnings Ratio

27.2x


Total Market Cap: US$955.0bTotal Earnings: US$35.1bTotal Revenue: US$774.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Insurance Industry Price to Earnings3Y Average 17.5x202420252026
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 17.5x.
  • 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 Market2.46%
Financials1.50%
Insurance-0.71%
General Insurance2.52%
Life and Health Insurance1.14%
Reinsurance-1.12%
Property and Casualty Insurance-1.14%
Insurance Brokers-1.15%
Industry PE
  • Investors are most optimistic about the Insurance Brokers industry even though it's trading below its 3-year average PE ratio of 36.0x.
    • Analysts are expecting annual earnings growth of 13.2%, 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 10.6x.
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 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
MET MetLifeUS$83.272.7%
+US$1.4b		5.4%PE15.6x
PFG Principal Financial GroupUS$104.713.5%
+US$771.2m		32.7%PE14.5x
BNT Brookfield Wealth SolutionsUS$45.983.7%
+US$538.9m		18.6%PE31.7x
GL Globe LifeUS$156.754.6%
+US$534.2m		28.2%PE10.3x
PRU Prudential FinancialUS$102.621.4%
+US$507.1m		-1.8%PE10.4x

Latest News

OSCR
US$21.89
Oscar Health
7D
-10.7%
1Y
45.8%
PFG
US$104.71
Principal Financial Group
7D
3.5%
1Y
32.7%
Narrative Update • May 25

PFG: Sector Concerns Over Private Credit Exposure Will Restrain Future Upside

Analysts have lifted their consolidated price target range for Principal Financial Group into the low $100s, citing strong recent Q1 results, continued earnings momentum into 2026, and steady revenue contribution from international and retirement-related businesses. Analyst Commentary Recent research on Principal Financial Group has highlighted a mix of optimism around earnings momentum and a more measured tone on how that translates into future returns for shareholders.
MET
US$83.27
MetLife
7D
2.7%
1Y
5.4%
Seeking Alpha • May 24

MetLife: Time To Go Long The Common Shares And 6.35% Yielding Preferreds

Summary MetLife delivers robust adjusted income, supporting a bullish stance on common shares and fixed-rate preferreds. MET's preferred dividend payout ratio remains low, with $24.5B in common equity providing strong downside protection for preferred holders. Series A floating-rate preferreds yield 5.45%-5.5%, attractive if short-term rates rise, but fixed-rate Series F offers a higher current yield. I rate MET common and Series F preferreds as a "buy," maintaining "hold" on Series A preferreds pending a significant SOFR increase. Read the full article on Seeking Alpha
NP
US$28.94
Neptune Insurance Holdings
7D
8.4%
1Y
n/a
PGR
US$198.78
Progressive
7D
-2.0%
1Y
-28.7%
Narrative Update • May 24

PGR: AI Expense Efficiencies Will Sustain Earnings Power Despite Softer Pricing

Analysts have nudged the fair value estimate for Progressive slightly lower to about $231 from roughly $232, reflecting modest reductions to long term earnings expectations after recent price target cuts tied to April's catastrophe losses and concerns about softer auto pricing power. Analyst Commentary Recent research shows a mix of optimism and caution around Progressive, with price targets being nudged both higher and lower as analysts recalibrate expectations after the April earnings miss and shifting views on auto pricing power.
AON
US$319.29
Aon
7D
-1.4%
1Y
-12.5%
CB
US$325.45
Chubb
7D
-1.4%
1Y
12.3%
UNM
US$84.42
Unum Group
7D
2.7%
1Y
3.3%
PRU
US$102.62
Prudential Financial
7D
1.4%
1Y
-1.8%
ALL
US$212.82
Allstate
7D
-5.2%
1Y
2.7%
MRSH
US$161.97
Marsh & McLennan Companies
7D
-2.5%
1Y
-30.0%
BNT
US$45.98
Brookfield Wealth Solutions
7D
3.7%
1Y
18.6%
AFL
US$116.82
Aflac
7D
-1.3%
1Y
13.0%
GL
US$156.75
Globe Life
7D
4.6%
1Y
28.2%
Narrative Update • May 15

GL: Buybacks And Earnings Guidance Will Shape A Balanced Forward Outlook

Analysts have adjusted their price target for Globe Life to $147. This $1 change reflects updated views on slightly higher discount rates, more moderate revenue growth, a marginally stronger profit margin, and a modestly lower future P/E assumption.
WRB
US$67.33
W. R. Berkley
7D
-1.7%
1Y
-9.3%
Narrative Update • May 15

WRB: Capital Returns And Underwriting Discipline Will Support Future Earnings Resilience

The analyst price target for W. R.
MAAS
US$11.35
Maase
7D
10.8%
1Y
n/a