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U.S. Insurance Industry Analysis

UpdatedApr 12, 2026
DataAggregated Company Financials
Companies130
  • 7D0.2%
  • 3M-5.1%
  • 1Y-7.3%
  • YTD-5.0%

Over the last 7 days, the Insurance industry has remained flat, although notably MetLife gained 4.5%. Unfortunately though, the industry is down 7.3% over the past 12 months. 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, 12 Apr 2026US$1.3tUS$946.2bUS$105.4b11.4x12.3x1.4x
Tue, 10 Mar 2026US$1.3tUS$948.1bUS$105.3b11.6x12.7x1.4x
Thu, 05 Feb 2026US$1.4tUS$937.3bUS$103.8b13x13x1.4x
Sat, 03 Jan 2026US$1.4tUS$931.1bUS$99.3b12.9x14.1x1.5x
Mon, 01 Dec 2025US$1.4tUS$931.0bUS$99.2b13.2x13.9x1.5x
Wed, 29 Oct 2025US$1.3tUS$928.2bUS$91.8b13.3x14.7x1.5x
Fri, 26 Sep 2025US$1.4tUS$919.1bUS$88.7b13.6x15.8x1.5x
Sun, 24 Aug 2025US$1.4tUS$918.4bUS$88.5b14.7x16.2x1.6x
Tue, 22 Jul 2025US$1.4tUS$908.2bUS$84.9b14.2x16.4x1.5x
Thu, 19 Jun 2025US$1.4tUS$904.1bUS$82.6b14.2x17.1x1.6x
Sat, 17 May 2025US$1.5tUS$902.8bUS$82.1b15.2x17.7x1.6x
Mon, 14 Apr 2025US$1.4tUS$897.3bUS$92.9b13x15.2x1.6x
Wed, 12 Mar 2025US$1.4tUS$897.4bUS$93.0b12.9x15.5x1.6x
Fri, 07 Feb 2025US$1.4tUS$903.0bUS$94.3b12.5x14.9x1.6x
Sun, 05 Jan 2025US$1.4tUS$892.9bUS$91.5b13x14.8x1.5x
Tue, 03 Dec 2024US$1.5tUS$893.2bUS$91.1b13.5x16.2x1.7x
Thu, 31 Oct 2024US$1.4tUS$867.4bUS$91.5b13.4x15.1x1.6x
Sat, 28 Sep 2024US$1.4tUS$855.0bUS$87.4b14.1x15.9x1.6x
Mon, 26 Aug 2024US$1.3tUS$855.4bUS$87.0b13.9x15.5x1.6x
Wed, 24 Jul 2024US$1.2tUS$825.8bUS$80.8b13x15.1x1.5x
Fri, 21 Jun 2024US$1.2tUS$823.4bUS$79.2b13.2x14.9x1.4x
Sun, 19 May 2024US$1.2tUS$823.1bUS$79.1b12.7x15.2x1.5x
Tue, 16 Apr 2024US$1.1tUS$795.6bUS$68.8b14.6x16.5x1.4x
Thu, 14 Mar 2024US$1.2tUS$792.4bUS$67.0b14.2x17.5x1.5x
Sat, 10 Feb 2024US$1.1tUS$785.9bUS$61.1b12.2x18.2x1.4x
Mon, 08 Jan 2024US$1.1tUS$790.2bUS$48.8b12.7x22.8x1.4x
Wed, 06 Dec 2023US$1.1tUS$792.8bUS$47.5b12.6x23.3x1.4x
Fri, 03 Nov 2023US$1.1tUS$806.7bUS$45.1b12.7x23.4x1.3x
Sun, 01 Oct 2023US$1.0tUS$799.1bUS$38.9b14.6x26.4x1.3x
Tue, 29 Aug 2023US$1.0tUS$799.2bUS$38.7b14.8x26.2x1.3x
Thu, 27 Jul 2023US$1.0tUS$786.9bUS$38.8b16.2x26.4x1.3x
Sat, 24 Jun 2023US$964.0bUS$774.5bUS$35.1b15.7x27.4x1.2x
Mon, 22 May 2023US$974.1bUS$774.5bUS$35.1b15.9x27.7x1.3x
Wed, 19 Apr 2023US$981.5bUS$759.1bUS$44.1b15.1x22.3x1.3x
Price to Earnings Ratio

22.3x


Total Market Cap: US$981.5bTotal Earnings: US$44.1bTotal Revenue: US$759.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Insurance Industry Price to Earnings3Y Average 18x202420252026
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 12.3x which is lower than its 3-year average PE of 18.0x.
  • 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 Market3.38%
Financials2.55%
Insurance0.17%
General Insurance2.65%
Life and Health Insurance1.77%
Reinsurance0.74%
Property and Casualty Insurance0.73%
Insurance Brokers-2.64%
Industry PE
  • Investors are most optimistic about the Insurance Brokers industry even though it's trading below its 3-year average PE ratio of 36.5x.
    • Analysts are expecting annual earnings growth of 13.3%, which is lower than the prior year's growth of 50.3% per year.
  • Investors are most pessimistic about the Reinsurance industry, which is trading below its 3-year average of 12.4x.
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 50% 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
MET MetLifeUS$73.884.5%
+US$2.1b		3.5%PE15.2x
EG Everest GroupUS$329.870.8%
+US$1.6b		-5.6%PE9.4x
AIG American International GroupUS$76.871.9%
+US$775.6m		-6.2%PE13.3x
OSCR Oscar HealthUS$14.4521.2%
+US$752.5m		15.0%PS0.4x
ALL AllstateUS$210.991.9%
+US$751.7m		9.6%PE5.4x

Latest News

AON
US$312.57
Aon
7D
-3.3%
1Y
-16.9%
AJG
US$213.55
Arthur J. Gallagher
7D
-1.9%
1Y
-36.1%

Don't Overlook Arthur J. Gallagher & Co. When Investing

Apr 11
LMND
US$54.45
Lemonade
7D
-11.4%
1Y
106.6%
CINF
US$161.14
Cincinnati Financial
7D
1.7%
1Y
22.9%

CINF: Dividend Policy, Buybacks And P/E Expectations Will Shape Future Returns

Analysts have trimmed their price target on Cincinnati Financial by $1 to $173.50, citing updated assumptions around revenue growth, profit margins, and future P/E expectations. Analyst Commentary Analysts trimming the price target to $173.50 reflects a more measured view on how Cincinnati Financial might balance growth, profitability, and valuation from here.
TRV
US$297.26
Travelers Companies
7D
1.1%
1Y
21.3%
WTW
US$280.14
Willis Towers Watson
7D
-2.9%
1Y
-12.9%
OSCR
US$14.45
Oscar Health
7D
21.2%
1Y
15.0%

Oscar Health: A High-Growth Story With Significant Re-Rating Potential

Apr 09
EG
US$329.87
Everest Group
7D
0.8%
1Y
-5.6%

EG: Share Buybacks And Margin Discipline Will Shape Future Cycle Resilience

Analysts have reduced their average price target for Everest Group by about $2 to reflect updated fair value estimates, a slightly lower profit margin outlook, and a modestly higher forward P/E, incorporating the recent mix of price target increases and reductions across the Street. Analyst Commentary Recent Street research on Everest Group shows a mix of target hikes and cuts, which gives you a clearer picture of how analysts are weighing valuation against execution risks across the insurance cycle.
AIG
US$76.87
American International Group
7D
1.9%
1Y
-6.2%

AIG: Capital Flexibility And Strong Underwriting Will Drive Future Re Rating

Analysts have nudged the blended price target for American International Group slightly higher to $87.20. This reflects incremental adjustments to earnings assumptions and valuation multiples after a mix of target increases and reductions across recent research updates.
FNF
US$47.43
Fidelity National Financial
7D
3.8%
1Y
-20.9%

FNF: Mortgage Tailwinds And Share Repurchases Will Support Future Upside

Analysts have trimmed their average price target for Fidelity National Financial by about $1.80 to reflect more conservative valuation assumptions, including a slightly lower future P/E multiple, while keeping revenue growth and profit margin expectations essentially unchanged. Analyst Commentary Recent research updates around Fidelity National Financial point to a mixed but generally constructive view on the shares, with modest target changes reflecting fine tuning rather than a shift in core expectations.
MET
US$73.88
MetLife
7D
4.5%
1Y
3.5%
PGR
US$194.13
Progressive
7D
-0.6%
1Y
-29.6%

PGR: AI Expense Efficiencies Will Support Future Earnings Despite Softer Expectations

Analyst price targets for Progressive have edged lower by about $1, reflecting slightly softer assumptions on revenue growth and margins, even as many analysts still highlight areas like AI driven expense efficiencies and personal auto policy growth in their views. Analyst Commentary Street research on Progressive has turned more cautious on valuation, with a series of target cuts across banks and research houses, even as some firms still point to execution strengths in core auto and expense management.
BRO
US$65.08
Brown & Brown
7D
-1.3%
1Y
-45.2%

BRO: Ongoing Share Repurchases Will Support Future Upside Potential

Analysts have reduced their price target for Brown & Brown to $81.93 from $83.29, citing slightly lower assumptions for fair value, revenue growth, profit margin, and future P/E in their models. What's in the News Brown & Brown repurchased 1,255,970 shares between October 1, 2025 and December 31, 2025 for US$100 million, representing 0.37% of its shares under the existing buyback program (Key Developments).
ALL
US$210.99
Allstate
7D
1.9%
1Y
9.6%

Allstate Has Weathered The Insurance Storm In 2025, As Its Umbrella Remains Strong

Apr 04
MRSH
US$168.15
Marsh & McLennan Companies
7D
-3.7%
1Y
-27.9%

MRSH: Earnings Should Stay Resilient As AI Drives Broker Productivity

The analyst price target for Marsh & McLennan Companies has been trimmed slightly, with a modest reduction of around $1 per share as analysts factor in more tempered assumptions for revenue growth and profit margins, while still highlighting AI driven productivity potential and the resilience of the broker business model. Analyst Commentary Recent research suggests that views on Marsh & McLennan are split, with price targets moving both up and down as analysts reassess growth, margins, and the impact of AI on the broker model.
FAF
US$63.31
First American Financial
7D
8.7%
1Y
6.5%

FAF: Stable Fundamentals And Steady P E Will Support Future Upside

Analysts kept their $81.60 price target for First American Financial unchanged, reflecting stable assumptions on the discount rate, revenue growth, profit margin, and future P/E in the latest update. What's in the News Reported an update on its share repurchase activity for the period from October 1, 2025 to December 31, 2025, with no shares repurchased and no cash deployed under the existing buyback authorization (Key Developments).