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U.S. Insurance Industry Analysis

UpdatedJun 22, 2026
DataAggregated Company Financials
Companies128
  • 7D-1.1%
  • 3M3.1%
  • 1Y-5.4%
  • YTD-2.6%

Over the last 7 days, the Insurance industry has dropped 1.1%, driven by Aon declining 5.2%. On the other hand Maase is actually up 27%. However, the industry is down 5.4% over the past year. Earnings are forecast to grow by 2.2% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 22 Jun 2026US$1.3tUS$959.7bUS$114.0b11.3x11.6x1.4x
Wed, 20 May 2026US$1.3tUS$959.6bUS$114.0b11.3x11.6x1.4x
Fri, 17 Apr 2026US$1.3tUS$948.0bUS$105.6b11.6x12.6x1.4x
Sun, 15 Mar 2026US$1.3tUS$946.2bUS$105.4b11.4x12.3x1.4x
Tue, 10 Feb 2026US$1.4tUS$944.2bUS$106.7b12.6x12.9x1.5x
Thu, 08 Jan 2026US$1.4tUS$931.1bUS$99.3b12.9x14x1.5x
Sat, 06 Dec 2025US$1.4tUS$931.1bUS$99.3b12.8x13.7x1.5x
Mon, 03 Nov 2025US$1.3tUS$927.9bUS$95.6b13.4x13.8x1.4x
Wed, 01 Oct 2025US$1.4tUS$919.1bUS$88.7b13.6x15.9x1.5x
Fri, 29 Aug 2025US$1.4tUS$918.4bUS$88.6b14.8x15.9x1.5x
Sun, 27 Jul 2025US$1.4tUS$912.4bUS$86.5b14.5x16.3x1.5x
Tue, 24 Jun 2025US$1.4tUS$904.1bUS$82.6b14.3x17.4x1.6x
Thu, 22 May 2025US$1.5tUS$902.8bUS$82.1b14.7x17.8x1.6x
Sat, 19 Apr 2025US$1.4tUS$898.5bUS$92.2b13.2x15.3x1.6x
Mon, 17 Mar 2025US$1.5tUS$897.3bUS$93.0b13.7x15.7x1.6x
Wed, 12 Feb 2025US$1.4tUS$905.1bUS$93.0b12.8x15x1.5x
Fri, 10 Jan 2025US$1.4tUS$892.9bUS$91.5b12.9x14.8x1.5x
Sun, 08 Dec 2024US$1.4tUS$893.2bUS$91.1b13.4x15.7x1.6x
Tue, 05 Nov 2024US$1.4tUS$885.2bUS$91.5b13x14.8x1.5x
Thu, 03 Oct 2024US$1.4tUS$855.0bUS$87.4b13.9x15.9x1.6x
Sat, 31 Aug 2024US$1.4tUS$855.4bUS$87.0b14.1x15.9x1.6x
Mon, 29 Jul 2024US$1.3tUS$844.5bUS$84.1b13.4x15.5x1.5x
Wed, 26 Jun 2024US$1.2tUS$823.4bUS$79.2b13.2x15.1x1.5x
Fri, 24 May 2024US$1.2tUS$823.4bUS$79.1b12.5x15.1x1.5x
Sun, 21 Apr 2024US$1.2tUS$797.7bUS$69.1b14.9x16.7x1.4x
Tue, 19 Mar 2024US$1.2tUS$792.7bUS$67.0b14.2x17.6x1.5x
Thu, 15 Feb 2024US$1.1tUS$784.1bUS$63.5b13.1x17.4x1.4x
Sat, 13 Jan 2024US$1.1tUS$790.2bUS$48.8b13.1x23.1x1.4x
Mon, 11 Dec 2023US$1.1tUS$792.9bUS$47.7b13.5x22.8x1.4x
Wed, 08 Nov 2023US$1.1tUS$790.5bUS$46.8b12.8x22.6x1.3x
Fri, 06 Oct 2023US$1.0tUS$799.1bUS$38.9b14.8x26.4x1.3x
Sun, 03 Sep 2023US$1.0tUS$799.3bUS$38.7b15.1x26.6x1.3x
Tue, 01 Aug 2023US$1.0tUS$789.3bUS$38.9b15.7x26.1x1.3x
Thu, 29 Jun 2023US$967.9bUS$777.7bUS$36.9b14.6x26.2x1.2x
Price to Earnings Ratio

26.2x


Total Market Cap: US$967.9bTotal Earnings: US$36.9bTotal Revenue: US$777.7bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Insurance Industry Price to Earnings3Y Average 17.1x202420252026
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 11.6x which is lower than its 3-year average PE of 17.1x.
  • 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 46% per year over the last three years.
  • Revenues for these companies have grown 7.3% 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 Market1.40%
Financials0.51%
Insurance-1.14%
General Insurance-0.20%
Property and Casualty Insurance-0.38%
Reinsurance-0.66%
Life and Health Insurance-1.80%
Insurance Brokers-2.57%
Industry PE
  • Investors are most optimistic about the Insurance Brokers industry even though it's trading below its 3-year average PE ratio of 35.8x.
    • Analysts are expecting annual earnings growth of 13.6%, 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 10.1x.
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 58% per year.
  • In contrast, the Property and Casualty Insurance industry is expected to see its earnings decline by 4.4% 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
MAAS MaaseUS$18.9027.2%
+US$1.8b		n/aPS16240.6x
PGR ProgressiveUS$204.870.9%
+US$1.0b		-21.8%PE10.4x
TRV Travelers CompaniesUS$307.811.1%
+US$712.4m		16.2%PE8.7x
GL Globe LifeUS$170.762.4%
+US$310.6m		41.6%PE11.3x
FAF First American FinancialUS$68.634.4%
+US$294.5m		16.6%PE10.4x

Latest News

PGR
US$204.87
Progressive
7D
0.9%
1Y
-21.8%
CINF
US$170.20
Cincinnati Financial
7D
0.7%
1Y
17.0%
AFL
US$115.47
Aflac
7D
-2.0%
1Y
11.8%
Analysis Article • Jun 19

Aflac (AFL) Stock Could Be 31% Undervalued Even As Another View Sees It Overpriced

Aflac (AFL) is back on investors’ radar after recent share price weakness, with the stock down over the past month while still showing stronger performance over the past 3 months and year. See our latest analysis for Aflac. At around $115 per share, Aflac’s recent 1 month share price return of 2.5% down contrasts with its 3 month share price return of 8.7% and 1 year total shareholder return of 14.9%. This hints that shorter term momentum is cooling after a solid multi year run. If this shift...
AON
US$317.74
Aon
7D
-5.2%
1Y
-10.4%
Analysis Article • Jun 19

Aon (AON) Stock Could Be 17.5% Undervalued After Contract AI Launch And Leadership Moves

Aon (AON) has drawn fresh attention after rolling out its Contract AI platform for reinsurance clients, while recently reshaping senior broking and reinsurance leadership through several appointments across London and the middle market. See our latest analysis for Aon. Aon's recent Contract AI launch and leadership reshuffle come after a period where the share price has eased, with a 7.71% year to date share price decline and a 5 year total shareholder return of 38.66% pointing to mixed...
AJG
US$214.06
Arthur J. Gallagher
7D
-2.1%
1Y
-33.1%
Analysis Article • Jun 18

Arthur J. Gallagher (AJG) Stock Could Be 18.9% Undervalued on Its Digital Margin Growth Story

Arthur J. Gallagher Stock Snapshot After Recent Trading Moves Arthur J. Gallagher (AJG) stock has seen mixed short term performance, with a small decline over the past week, a gain over the past month, and a slight fall over the past 3 months. See our latest analysis for Arthur J. Gallagher. At a share price of $214.06, Arthur J. Gallagher’s 30 day share price return of 5.21% contrasts with a weaker year to date share price trend and a 1 year total shareholder return that is down 31.74%. This...
TRV
US$307.81
Travelers Companies
7D
1.1%
1Y
16.2%
Analysis Article • Jun 18

Travelers Companies (TRV) Stock Could Be 3% Undervalued After Barclays Downgrade

Barclays has downgraded Travelers Companies (TRV) to Underweight, pointing to softening pricing and slowing growth in the property and casualty insurance sector, a shift that puts broker sentiment firmly under the spotlight. See our latest analysis for Travelers Companies. At a share price of $306.07, Travelers Companies has edged higher in recent months, with a 90 day share price return of 3.11% and a 1 year total shareholder return of 17.38%. This suggests momentum has cooled compared with...
WTW
US$255.20
Willis Towers Watson
7D
-2.8%
1Y
-14.6%
GL
US$170.76
Globe Life
7D
2.4%
1Y
41.6%
Seeking Alpha • Jun 17

Globe Life: Quality Business, But The Easy Trust Recovery Is Already Priced In

Summary Globe Life demonstrates strong profit growth, 17.9% ROE, and robust capital returns, supported by a $610M share buyback for 2026. GL’s life insurance segment drives profitability with a 41% underwriting margin; the business model enables stable cash flows and high client retention. Valuation at 10.7x forward P/E reflects renewed market trust post-DOJ/SEC investigation, but premium P/B and low dividend yield highlight share buyback focus. Operational risks persist from data security incidents, rising administrative costs, and agent retention pressures, tempering an otherwise high-quality business outlook. Read the full article on Seeking Alpha
CB
US$323.40
Chubb
7D
-1.4%
1Y
13.9%
Narrative Update • Jun 17

CB: Dividend Raises And New Buybacks Will Support A Stable Fairly Valued Outlook

Analysts have slightly reduced their price target for Chubb to about $345 per share, reflecting modest adjustments to fair value estimates, the discount rate, and the expected P/E ratio, while keeping core assumptions broadly unchanged. What’s in the News for Chubb Chubb Limited announced a 5.2% increase in its annual dividend to US$4.08 per share, or US$1.02 per quarter, marking the company’s 33rd consecutive annual dividend raise, with shareholders of record on June 12, 2026 entitled to the first installment on July 2, 2026.
MET
US$85.58
MetLife
7D
-3.7%
1Y
8.0%
Analysis Article • Jun 17

MetLife (MET) Stock Could Be 47% Below Fair Value After New Settlement Product

MetLife’s new deferred payment solution puts product design in focus MetLife (MET) recently introduced the Non-Qualified Assignment Flex Agreement, or NQA-FA, a deferred payment solution that gives attorneys and brokers more control over the timing and structure of non-physical injury settlements. The NQA-FA uses a funding agreement rather than an annuity and supports features such as deferred start dates, lump sums and customized payment schedules, potentially broadening how MetLife stock...
BWIN
US$20.24
Baldwin Insurance Group
7D
11.6%
1Y
-49.3%
Analysis Article • Jun 17

Baldwin Insurance Group (BWIN) Stock Could Be 36% Below Fair Value After Recent Weakness

Baldwin Insurance Group (BWIN) stock has been under pressure recently, with the price near US$18.69 and declines over the past month and past 3 months raising questions about how investors should interpret the company’s fundamentals. See our latest analysis for Baldwin Insurance Group. Looking beyond the latest bounce, Baldwin Insurance Group’s 1 day share price return of 2.92% comes after a weaker patch. The 30 day share price return is down 6.64% and the year to date share price return is...
FAF
US$68.63
First American Financial
7D
4.4%
1Y
16.6%
Narrative Update • Jun 16

FAF: Tech Verification And Governance Reforms Will Support Future Upside

Analysts have held their average price target for First American Financial steady at $86.20, citing largely unchanged fair value assumptions along with small adjustments to revenue growth, profit margin, and future P/E inputs in their models. What’s in the News for First American Financial First American Financial is facing structural pressures in its core title insurance business as AI powered startups introduce automated title search tools, increasing competition and putting pressure on traditional human title agent roles and margins.
MRSH
US$162.41
Marsh & McLennan Companies
7D
-3.7%
1Y
-24.9%
Narrative Update • Jun 15

MRSH: Legal Wins And Acquisitions Will Support Future Earnings Resilience

Marsh & McLennan Companies' updated analyst price targets have edged lower, with several firms trimming their views by around $5 to $20 to reflect recent stock performance and a shift in preference toward insurance carriers over brokers following first quarter results. Analyst Commentary Recent research on Marsh & McLennan centers on fine tuning price targets and reassessing how the stock stacks up against insurance carriers following first quarter results.
AIG
US$74.02
American International Group
7D
-2.3%
1Y
-13.1%
MAAS
US$18.90
Maase
7D
27.2%
1Y
n/a
NP
US$29.24
Neptune Insurance Holdings
7D
6.7%
1Y
n/a