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U.S. Insurance Industry Analysis

UpdatedJul 07, 2026
DataAggregated Company Financials
Companies127
  • 7D4.4%
  • 3M12.2%
  • 1Y4.6%
  • YTD6.7%

In the last week, the Insurance industry is up 4.4%, with Progressive leading the way with a 5.4% gain. In the last 12 months, the industry was up 4.6%. As for the next few years, earnings are expected to grow by 2.1% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 07 Jul 2026US$1.4tUS$958.6bUS$113.9b12.2x12.7x1.5x
Thu, 04 Jun 2026US$1.3tUS$960.1bUS$114.2b10.3x11.1x1.3x
Sat, 02 May 2026US$1.3tUS$953.2bUS$112.9b11.5x11.6x1.4x
Mon, 30 Mar 2026US$1.3tUS$946.4bUS$105.4b10.9x11.9x1.3x
Wed, 25 Feb 2026US$1.3tUS$950.6bUS$105.1b12.1x12.7x1.4x
Fri, 23 Jan 2026US$1.3tUS$931.9bUS$99.8b12.9x13.3x1.4x
Sun, 21 Dec 2025US$1.4tUS$931.1bUS$99.3b13.4x14.1x1.5x
Tue, 18 Nov 2025US$1.4tUS$931.0bUS$99.2b12.9x13.9x1.5x
Thu, 16 Oct 2025US$1.4tUS$921.8bUS$88.9b14.2x16x1.5x
Sat, 13 Sep 2025US$1.4tUS$919.1bUS$88.6b14.4x16x1.5x
Mon, 11 Aug 2025US$1.4tUS$918.1bUS$88.4b14x15.6x1.5x
Wed, 09 Jul 2025US$1.4tUS$903.0bUS$82.1b14.4x17.1x1.6x
Fri, 06 Jun 2025US$1.5tUS$902.8bUS$82.3b14.8x17.7x1.6x
Sun, 04 May 2025US$1.4tUS$894.8bUS$85.1b14.2x16.9x1.6x
Tue, 01 Apr 2025US$1.5tUS$897.3bUS$93.0b14.2x16x1.7x
Thu, 27 Feb 2025US$1.4tUS$896.1bUS$94.1b12.7x15.2x1.6x
Sat, 25 Jan 2025US$1.4tUS$894.1bUS$91.8b12.7x14.9x1.5x
Mon, 23 Dec 2024US$1.4tUS$893.2bUS$91.1b13.1x14.8x1.5x
Wed, 20 Nov 2024US$1.4tUS$893.3bUS$91.0b13.5x15.7x1.6x
Fri, 18 Oct 2024US$1.4tUS$860.8bUS$89.5b14.3x15.8x1.6x
Sun, 15 Sep 2024US$1.4tUS$855.5bUS$87.0b14.2x15.9x1.6x
Tue, 13 Aug 2024US$1.3tUS$855.4bUS$87.0b13.4x14.8x1.5x
Thu, 11 Jul 2024US$1.2tUS$820.7bUS$79.0b13.5x14.8x1.4x
Sat, 08 Jun 2024US$1.2tUS$823.4bUS$79.2b12.7x14.8x1.4x
Mon, 06 May 2024US$1.1tUS$818.7bUS$78.8b14.1x14.6x1.4x
Wed, 03 Apr 2024US$1.2tUS$792.6bUS$66.9b15.1x17.9x1.5x
Fri, 01 Mar 2024US$1.2tUS$791.6bUS$66.2b14.9x17.4x1.5x
Sun, 28 Jan 2024US$1.2tUS$794.3bUS$49.9b13.2x23.3x1.5x
Tue, 26 Dec 2023US$1.1tUS$792.9bUS$47.7b12.7x22.8x1.4x
Thu, 23 Nov 2023US$1.1tUS$792.6bUS$47.3b13.2x22.9x1.4x
Sat, 21 Oct 2023US$1.0tUS$804.2bUS$40.0b14.6x25.8x1.3x
Mon, 18 Sep 2023US$1.0tUS$799.3bUS$38.7b14.9x26.9x1.3x
Wed, 16 Aug 2023US$1.0tUS$799.0bUS$38.6b14.9x26.2x1.3x
Fri, 14 Jul 2023US$980.5bUS$781.6bUS$37.8b15.5x25.9x1.3x
Price to Earnings Ratio

25.9x


Total Market Cap: US$980.5bTotal 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 12.7x 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 Market0.79%
Financials4.12%
Insurance4.38%
Insurance Brokers7.63%
General Insurance3.88%
Property and Casualty Insurance3.75%
Life and Health Insurance2.94%
Reinsurance2.53%
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 13.4%, 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 9.9x.
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 4.6% 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$231.675.4%
+US$6.9b		-8.6%PE11.7x
AON AonUS$356.919.0%
+US$6.3b		1.0%PE19.3x
AJG Arthur J. GallagherUS$249.7710.0%
+US$5.8b		-21.0%PE39.8x
CB ChubbUS$356.533.9%
+US$5.1b		27.3%PE12.2x
MRSH Marsh & McLennan CompaniesUS$174.734.8%
+US$3.9b		-18.0%PE21.5x

Latest News

AIG
US$80.75
American International Group
7D
7.5%
1Y
-2.7%
PLGO
US$24.63
Pelagos Insurance Capital
7D
-0.6%
1Y
54.6%
UNM
US$89.51
Unum Group
7D
-0.2%
1Y
9.5%
Seeking Alpha • Jul 04

Unum Group: Fairly Valued Given Some Closed Block Drag (Rating Downgrade)

Summary Unum Group has rallied 30% since February, now reaching my $95 fair value target. UNM's core insurance businesses show stabilizing underwriting and strong capital returns, but legacy Closed Block remains a structural drag. First quarter results beat expectations, with 8-12% EPS growth guidance and accelerated buybacks supporting earnings per share. Given the Closed Block overhang and recent outperformance, I downgrade UNM from 'buy' to 'hold' as upside appears priced in. Read the full article on Seeking Alpha
AON
US$356.91
Aon
7D
9.0%
1Y
1.0%
WRB
US$70.92
W. R. Berkley
7D
-0.1%
1Y
0.2%
Seeking Alpha • Jul 03

W. R. Berkley: Capital Appreciation Potential From Its Baby Bonds

Summary W. R. Berkley Corporation demonstrates strong long-term outperformance versus insurance peers and the S&P 500, especially since 2025. WRB boasts 36 consecutive years of dividend payments, with 20 years of increases, currently yielding 2.69% on a $1.90 annual payout. WRB's baby bonds, all investment grade and callable, offer attractive yields to maturity between 7.02% and 7.45%, trading below par. WRB maintains robust credit ratings and balance sheet strength, with $44.35B in assets, $3.09B in debt, and $9.75B in equity. Read the full article on Seeking Alpha
AJG
US$249.77
Arthur J. Gallagher
7D
10.0%
1Y
-21.0%
WTW
US$287.66
Willis Towers Watson
7D
8.7%
1Y
-5.8%
CB
US$356.53
Chubb
7D
3.9%
1Y
27.3%
GL
US$176.98
Globe Life
7D
-1.3%
1Y
46.0%
Narrative Update • Jun 30

GL: Higher 2026 Guidance And Buybacks Will Support Future Upside

Analysts have lifted their price target on Globe Life to $215 from $208, citing updated assumptions for fair value at $215, steady discount rates, slightly adjusted revenue growth and profit margin expectations, and a higher future P/E multiple of 13.10 versus 12.69 previously. What’s in the News for Globe Life Globe Life reported Q1 revenue growth of 5.35% year over year and net profit growth of 6.27%, with revenues in line with analyst expectations but book value per share and EPS below estimates.
MET
US$90.46
MetLife
7D
5.2%
1Y
14.2%
MRSH
US$174.73
Marsh & McLennan Companies
7D
4.8%
1Y
-18.0%
PGR
US$231.67
Progressive
7D
5.4%
1Y
-8.6%
GLRE
US$16.32
Greenlight Capital Re
7D
-2.0%
1Y
17.3%
YB
US$14.45
Yuanbao
7D
-3.4%
1Y
-37.2%
AIFU
US$39.60
AIFU
7D
-7.9%
1Y
-66.8%
CIA
US$5.80
Citizens
7D
-6.1%
1Y
65.2%
Analysis Article • May 11

Citizens, Inc. Just Missed Earnings - But Analysts Have Updated Their Models

Citizens, Inc. ( NYSE:CIA ) missed earnings with its latest first-quarter results, disappointing overly-optimistic...