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U.S. Insurance Industry Analysis

UpdatedJul 09, 2026
DataAggregated Company Financials
Companies127
  • 7D2.3%
  • 3M10.2%
  • 1Y5.1%
  • YTD6.6%

In the last week, the Insurance industry is up 2.3%, with Progressive leading the way, up 3.4%. In the last 12 months, the industry was up 5.1%. Earnings are forecast to grow by 2.1% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 10 Jul 2026US$1.5tUS$958.6bUS$113.9b12.2x12.8x1.5x
Sun, 07 Jun 2026US$1.3tUS$959.6bUS$114.0b10.9x11.5x1.4x
Tue, 05 May 2026US$1.3tUS$953.2bUS$112.9b11.3x11.5x1.4x
Thu, 02 Apr 2026US$1.3tUS$946.4bUS$105.4b11.3x12.3x1.4x
Sat, 28 Feb 2026US$1.4tUS$947.9bUS$105.2b12x12.9x1.4x
Mon, 26 Jan 2026US$1.3tUS$931.9bUS$99.8b12.7x13.3x1.4x
Wed, 24 Dec 2025US$1.4tUS$931.1bUS$99.3b13.4x14.2x1.5x
Fri, 21 Nov 2025US$1.4tUS$931.0bUS$99.2b12.6x13.6x1.5x
Sun, 19 Oct 2025US$1.3tUS$923.0bUS$89.5b13.2x15x1.5x
Tue, 16 Sep 2025US$1.4tUS$919.1bUS$88.7b14x15.9x1.5x
Thu, 14 Aug 2025US$1.4tUS$918.2bUS$88.4b14.6x15.7x1.5x
Sat, 12 Jul 2025US$1.4tUS$902.8bUS$82.1b14.4x17x1.6x
Mon, 09 Jun 2025US$1.5tUS$902.8bUS$82.3b14.9x17.7x1.6x
Wed, 07 May 2025US$1.4tUS$895.6bUS$84.9b14.4x16.8x1.6x
Fri, 04 Apr 2025US$1.5tUS$897.3bUS$92.9b13.8x16.2x1.7x
Sun, 02 Mar 2025US$1.5tUS$896.5bUS$93.2b13.3x15.8x1.6x
Tue, 28 Jan 2025US$1.4tUS$894.1bUS$91.8b12.8x15x1.5x
Thu, 26 Dec 2024US$1.4tUS$893.2bUS$91.1b13.1x15x1.5x
Sat, 23 Nov 2024US$1.4tUS$893.2bUS$91.0b13.7x15.8x1.6x
Mon, 21 Oct 2024US$1.4tUS$860.8bUS$89.4b14.2x15.9x1.7x
Wed, 18 Sep 2024US$1.4tUS$855.2bUS$87.4b14.3x16x1.6x
Fri, 16 Aug 2024US$1.3tUS$855.4bUS$87.0b13.5x15.1x1.5x
Sun, 14 Jul 2024US$1.2tUS$820.7bUS$79.0b13.5x15.2x1.5x
Tue, 11 Jun 2024US$1.2tUS$823.4bUS$79.2b13x14.9x1.4x
Thu, 09 May 2024US$1.2tUS$819.5bUS$79.4b13x14.8x1.4x
Sat, 06 Apr 2024US$1.2tUS$792.6bUS$66.9b14.6x17.6x1.5x
Mon, 04 Mar 2024US$1.1tUS$791.6bUS$66.6b14.9x17.1x1.4x
Wed, 31 Jan 2024US$1.2tUS$794.3bUS$49.9b12.9x23.2x1.5x
Fri, 29 Dec 2023US$1.1tUS$792.9bUS$47.7b13.1x22.9x1.4x
Sun, 26 Nov 2023US$1.1tUS$792.8bUS$47.5b12.6x23.2x1.4x
Tue, 24 Oct 2023US$1.0tUS$804.2bUS$40.0b14.5x25.5x1.3x
Thu, 21 Sep 2023US$1.1tUS$799.3bUS$38.7b14.8x27.3x1.3x
Sat, 19 Aug 2023US$1.0tUS$799.0bUS$38.6b15.2x26.2x1.3x
Mon, 17 Jul 2023US$974.2bUS$781.6bUS$37.8b15.2x25.8x1.2x
Price to Earnings Ratio

25.8x


Total Market Cap: US$974.2bTotal Earnings: US$37.8bTotal Revenue: US$781.6bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Insurance Industry Price to Earnings3Y Average 16.9x202420252026
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 12.8x which is lower than its 3-year average PE of 16.9x.
  • 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 44% per year over the last three years.
  • Revenues for these companies have grown 7.0% 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-0.43%
Financials-0.014%
Insurance2.32%
Insurance Brokers3.97%
Reinsurance3.47%
Property and Casualty Insurance1.89%
Life and Health Insurance1.54%
General Insurance1.53%
Industry PE
  • Investors are most optimistic about the Insurance Brokers industry even though it's trading below its 3-year average PE ratio of 35.7x.
    • Analysts are expecting annual earnings growth of 13.0%, which is lower than the prior year's growth of 48.1% per year.
  • Investors are most pessimistic about the Reinsurance industry, which is trading below its 3-year average of 9.8x.
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 48% per year.
  • In contrast, the Property and Casualty Insurance industry is expected to see its earnings decline by 4.5% 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$232.903.4%
+US$4.4b		-7.0%PE11.8x
AJG Arthur J. GallagherUS$256.617.1%
+US$4.4b		-18.6%PE40.9x
MRSH Marsh & McLennan CompaniesUS$179.054.0%
+US$3.3b		-16.4%PE22x
AON AonUS$357.514.1%
+US$3.0b		0.2%PE19.4x
ALL AllstateUS$251.173.3%
+US$2.1b		29.4%PE5.4x

Latest News

UNM
US$87.74
Unum Group
7D
-4.0%
1Y
10.7%
ALL
US$251.17
Allstate
7D
3.3%
1Y
29.4%
MRSH
US$179.05
Marsh & McLennan Companies
7D
4.0%
1Y
-16.4%
GNW
US$9.20
Genworth Financial
7D
-3.7%
1Y
22.2%
GL
US$177.07
Globe Life
7D
-1.7%
1Y
50.6%
CINF
US$181.57
Cincinnati Financial
7D
-3.0%
1Y
23.8%
MET
US$90.10
MetLife
7D
3.3%
1Y
15.2%
AJG
US$256.61
Arthur J. Gallagher
7D
7.1%
1Y
-18.6%
OSCR
US$30.81
Oscar Health
7D
-3.4%
1Y
91.6%
AON
US$357.51
Aon
7D
4.1%
1Y
0.2%
AIG
US$79.62
American International Group
7D
4.0%
1Y
-4.2%
WTW
US$292.58
Willis Towers Watson
7D
6.4%
1Y
-5.2%
MAAS
US$14.03
Maase
7D
-10.2%
1Y
n/a
PGR
US$232.90
Progressive
7D
3.4%
1Y
-7.0%
THG
US$212.24
Hanover Insurance Group
7D
-2.1%
1Y
28.0%
NP
US$31.51
Neptune Insurance Holdings
7D
-7.5%
1Y
n/a
Narrative Update • Jun 26

NP: AI Underwriting Rollout And Capital Moves Will Shape Balanced Outlook

Analysts have lifted their price target on Neptune Insurance Holdings from $22.50 to $26.00 as they adjust their models to reflect updated assumptions for the discount rate, revenue growth, profit margin, and future P/E multiples. What’s in the News for Neptune Insurance Holdings Neptune Insurance Holdings launched Atlas+, an AI powered platform integrated into the Neptune Agent Portal, giving agents tools to generate sales scripts, personalized emails, quote specific talking points, and natural language interactions with live flood insurance quotes.