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U.S. Insurance Industry Analysis

UpdatedFeb 22, 2026
DataAggregated Company Financials
Companies128
  • 7D1.1%
  • 3M-0.8%
  • 1Y-2.9%
  • YTD-1.5%

In the last week, the Insurance industry is up 1.1%, with Chubb leading the way with a 2.1% gain. In the same time, Fidelity National Financial was down 8.1%. The industry has been flat over the past 12 months despite the gain this week. As for the next few years, earnings are expected to grow by 4.6% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 22 Feb 2026US$1.3tUS$951.3bUS$105.9b12.4x12.7x1.4x
Tue, 20 Jan 2026US$1.3tUS$931.1bUS$99.3b12.6x13.5x1.4x
Thu, 18 Dec 2025US$1.4tUS$931.1bUS$99.3b13.4x14.1x1.5x
Sat, 15 Nov 2025US$1.4tUS$931.1bUS$98.7b13.4x14x1.5x
Mon, 13 Oct 2025US$1.4tUS$919.0bUS$88.6b13.8x15.8x1.5x
Wed, 10 Sep 2025US$1.4tUS$919.1bUS$88.6b14.3x15.8x1.5x
Fri, 08 Aug 2025US$1.4tUS$933.4bUS$88.5b14x15.7x1.5x
Sun, 06 Jul 2025US$1.4tUS$903.0bUS$82.1b14.6x17.3x1.6x
Tue, 03 Jun 2025US$1.5tUS$902.7bUS$82.3b15.1x17.8x1.6x
Thu, 01 May 2025US$1.4tUS$904.7bUS$89.1b13.7x15.9x1.6x
Sat, 29 Mar 2025US$1.5tUS$897.3bUS$93.0b14.1x16.1x1.7x
Mon, 24 Feb 2025US$1.4tUS$895.9bUS$94.5b12.3x14.7x1.6x
Wed, 22 Jan 2025US$1.4tUS$892.9bUS$91.5b13x15.1x1.5x
Fri, 20 Dec 2024US$1.3tUS$893.2bUS$91.1b12.8x14.6x1.5x
Sun, 17 Nov 2024US$1.4tUS$893.3bUS$91.0b13.1x15.6x1.6x
Tue, 15 Oct 2024US$1.4tUS$855.0bUS$87.4b13.9x16x1.6x
Thu, 12 Sep 2024US$1.4tUS$855.4bUS$87.0b13.6x15.7x1.6x
Sat, 10 Aug 2024US$1.3tUS$855.4bUS$87.0b13.6x14.8x1.5x
Mon, 08 Jul 2024US$1.2tUS$823.2bUS$79.2b13.3x14.7x1.4x
Wed, 05 Jun 2024US$1.2tUS$823.4bUS$79.2b12.7x15x1.4x
Fri, 03 May 2024US$1.2tUS$819.0bUS$79.3b14x14.6x1.4x
Sun, 31 Mar 2024US$1.2tUS$792.6bUS$66.9b15.2x18x1.5x
Tue, 27 Feb 2024US$1.1tUS$791.4bUS$65.9b14.7x17.3x1.4x
Thu, 25 Jan 2024US$1.2tUS$793.8bUS$50.0b13.4x23x1.5x
Sat, 23 Dec 2023US$1.1tUS$792.9bUS$47.7b12.7x22.8x1.4x
Mon, 20 Nov 2023US$1.1tUS$792.6bUS$47.3b13x22.8x1.4x
Wed, 18 Oct 2023US$1.1tUS$802.3bUS$39.9b15.3x26.8x1.3x
Fri, 15 Sep 2023US$1.0tUS$799.3bUS$38.7b14.8x26.7x1.3x
Sun, 13 Aug 2023US$1.0tUS$799.0bUS$38.5b14.6x26.5x1.3x
Tue, 11 Jul 2023US$982.2bUS$777.8bUS$36.9b16.2x26.6x1.3x
Thu, 08 Jun 2023US$959.3bUS$774.5bUS$35.1b15.3x27.3x1.2x
Sat, 06 May 2023US$971.7bUS$772.6bUS$41.0b15.2x23.7x1.3x
Mon, 03 Apr 2023US$956.7bUS$759.1bUS$44.1b14.7x21.7x1.3x
Wed, 01 Mar 2023US$1.0tUS$763.3bUS$42.8b16.1x23.9x1.3x
Price to Earnings Ratio

23.9x


Total Market Cap: US$1.0tTotal Earnings: US$42.8bTotal Revenue: US$763.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Insurance Industry Price to Earnings3Y Average 18.4x202420252026
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 12.7x which is lower than its 3-year average PE of 18.4x.
  • 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 35% 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 Market1.04%
Financials1.08%
Insurance1.08%
Insurance Brokers2.66%
General Insurance1.79%
Reinsurance1.05%
Property and Casualty Insurance0.69%
Life and Health Insurance0.45%
Industry PE
  • Investors are most optimistic about the Insurance Brokers industry even though it's trading below its 3-year average PE ratio of 36.9x.
    • Analysts are expecting annual earnings growth of 13.9%, which is lower than the prior year's growth of 45.5% per year.
  • Investors are most pessimistic about the Reinsurance industry, which is trading below its 3-year average of 15.5x.
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 46% per year.
  • In contrast, the Property and Casualty Insurance industry is expected to see its earnings growth to stay flat 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$331.622.1%
+US$2.6b		24.1%PE12.6x
MRSH Marsh & McLennan CompaniesUS$179.323.0%
+US$2.5b		-22.0%PE20.9x
TRV Travelers CompaniesUS$304.933.6%
+US$2.3b		27.0%PE10.6x
AJG Arthur J. GallagherUS$216.513.9%
+US$2.1b		-33.5%PE37.3x
WTW Willis Towers WatsonUS$301.814.9%
+US$1.3b		-7.4%PE17.9x

Latest News

FG
US$25.48
F&G Annuities & Life
7D
-10.4%
1Y
-36.6%
FNF
US$52.13
Fidelity National Financial
7D
-8.1%
1Y
-12.3%
ALL
US$206.37
Allstate
7D
-0.5%
1Y
11.2%
TRV
US$304.93
Travelers Companies
7D
3.6%
1Y
27.0%
LMND
US$57.31
Lemonade
7D
-10.1%
1Y
71.5%

LMND: Extended Profitability Timeline Will Undermine Automation And Partnership Upside

The Street's view on Lemonade has reset, with recent analyst updates pulling some price targets down to around $65, while others have lifted targets by $5 to $7 and up to $80. This reflects mixed reactions to near term profitability timing and growing interest in its automation driven insurance model and Tesla partnership.
MCY
US$86.44
Mercury General
7D
-7.5%
1Y
65.5%
PFG
US$95.76
Principal Financial Group
7D
5.9%
1Y
13.5%

PFG: Capital Strength And Cash Returns Will Balance Margin And Pricing Risks

Analysts lifted their average price target for Principal Financial Group by $1 to $93.91, citing updated assumptions around modestly higher revenue growth, a slightly higher discount rate, and a small adjustment to future P/E and profit margin expectations. Analyst Commentary Recent research on Principal Financial Group reflects a mix of cautious optimism and ongoing concerns, with several firms fine tuning their price targets while largely maintaining neutral or underweight ratings.
CB
US$331.62
Chubb
7D
2.1%
1Y
24.1%
AFL
US$114.03
Aflac
7D
-0.8%
1Y
11.6%

AFL: Future Returns Will Balance Cyber Risk And Capital Strength

Analysts now see Aflac's fair value edging up by $1 to $111.69 per share, reflecting adjusted price targets that factor in updated views on revenue growth, profit margins, and future P/E multiples. Analyst Commentary Bullish and cautious voices are both active around Aflac right now, with recent price target trims reflecting fine tuning of expectations rather than a wholesale shift in views on execution or valuation.
AJG
US$216.51
Arthur J. Gallagher
7D
3.9%
1Y
-33.5%

AJG: Softer Cycle And Integration Pressures Expected To Support 2026 Upside

Analysts have made only a small adjustment to Arthur J. Gallagher's valuation targets, with modest price target trims from several firms partially offset by a few small increases.
MRSH
US$179.32
Marsh & McLennan Companies
7D
3.0%
1Y
-22.0%

MRSH: Earnings Should Stay Resilient As Soft P And C Cycle Persists

Narrative Update: Marsh & McLennan Companies (MMC) The updated analyst price target for Marsh & McLennan Companies edges down by about $1 to $207.95, as analysts balance higher assumed revenue growth and margins, along with a slightly lower future P/E, against mixed sector views and a recent valuation reset highlighted in Street research. Analyst Commentary Recent Street research on Marsh & McLennan offers a mixed picture, with some firms lifting ratings or targets and others trimming expectations or staying cautious on sector conditions.
PRU
US$103.44
Prudential Financial
7D
-1.1%
1Y
-5.5%

PRU: Capital Strength And Cash Flow Will Shape Balanced Forward Trading Range

Analysts have trimmed their blended price target on Prudential Financial to $114 from $119.50, reflecting more cautious revenue assumptions even as they factor in slightly firmer margins, a lower discount rate, and a modestly lower future P/E multiple. Analyst Commentary Recent research on Prudential Financial shows a mixed but fairly balanced set of views, with some firms trimming price targets while others are nudging them higher.
AON
US$325.07
Aon
7D
1.0%
1Y
-16.6%
BNT
US$46.45
Brookfield Wealth Solutions
7D
-2.4%
1Y
18.5%
AIG
US$80.44
American International Group
7D
2.8%
1Y
4.9%

AIG: Future Capital Discipline And Softening P&C Cycle Will Shape Re Rating

The updated analyst price target for American International Group now reflects a modest downward adjustment of about $0.10, as analysts balance slightly firmer assumptions for revenue growth and profit margins with a higher discount rate and mixed recent price target revisions across the Street. Analyst Commentary Street research on American International Group has been mixed recently, with both price target increases and reductions clustered over the past few months.
WTW
US$301.81
Willis Towers Watson
7D
4.9%
1Y
-7.4%