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U.S. Insurance Industry Analysis

UpdatedJan 04, 2026
DataAggregated Company Financials
Companies127
  • 7D-2.3%
  • 3M-3.1%
  • 1Y1.3%
  • YTD0.05%

Over the last 7 days, the Insurance industry has dropped 2.3%, driven by a pullback from Progressive of 6.6%. On the other hand Maase is actually up 20%. As for the longer term, the industry's performance has been flat for the past year. As for the next few years, earnings are expected to grow by 6.6% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 04 Jan 2026US$1.4tUS$931.1bUS$99.3b12.9x13.9x1.5x
Tue, 02 Dec 2025US$1.4tUS$931.0bUS$99.2b13.3x13.9x1.5x
Thu, 30 Oct 2025US$1.3tUS$927.4bUS$91.5b13.2x14.4x1.4x
Sat, 27 Sep 2025US$1.4tUS$919.1bUS$88.7b13.6x15.8x1.5x
Mon, 25 Aug 2025US$1.4tUS$918.4bUS$88.5b14.7x16.2x1.6x
Wed, 23 Jul 2025US$1.4tUS$908.7bUS$85.0b14.4x16.2x1.5x
Fri, 20 Jun 2025US$1.4tUS$904.1bUS$82.6b14.2x17.1x1.6x
Sun, 18 May 2025US$1.5tUS$902.8bUS$82.1b15.2x17.9x1.6x
Tue, 15 Apr 2025US$1.4tUS$897.3bUS$92.9b13.4x15.2x1.6x
Thu, 13 Mar 2025US$1.4tUS$897.4bUS$93.0b12.8x15.4x1.6x
Sat, 08 Feb 2025US$1.4tUS$905.2bUS$96.2b12.3x14.6x1.6x
Mon, 06 Jan 2025US$1.4tUS$892.9bUS$91.5b13x14.8x1.5x
Wed, 04 Dec 2024US$1.5tUS$893.2bUS$91.1b13.3x16.1x1.6x
Fri, 01 Nov 2024US$1.4tUS$884.2bUS$89.8b13.2x15.2x1.5x
Sun, 29 Sep 2024US$1.4tUS$855.0bUS$87.4b14.1x15.9x1.6x
Tue, 27 Aug 2024US$1.4tUS$855.4bUS$87.0b14.1x15.6x1.6x
Thu, 25 Jul 2024US$1.2tUS$827.5bUS$81.2b12.9x15x1.5x
Sat, 22 Jun 2024US$1.2tUS$823.4bUS$79.2b13.1x15x1.4x
Mon, 20 May 2024US$1.2tUS$823.1bUS$79.1b12.7x15.2x1.5x
Wed, 17 Apr 2024US$1.1tUS$795.6bUS$68.8b14.8x16.4x1.4x
Fri, 15 Mar 2024US$1.2tUS$792.7bUS$67.0b14.4x17.6x1.5x
Sun, 11 Feb 2024US$1.1tUS$784.4bUS$61.3b12.2x18.1x1.4x
Tue, 09 Jan 2024US$1.1tUS$790.2bUS$48.8b12.9x22.8x1.4x
Thu, 07 Dec 2023US$1.1tUS$792.8bUS$47.5b12.3x23x1.4x
Sat, 04 Nov 2023US$1.1tUS$790.3bUS$46.8b12.8x22.7x1.3x
Mon, 02 Oct 2023US$1.0tUS$799.1bUS$38.9b14.4x26.4x1.3x
Wed, 30 Aug 2023US$1.0tUS$799.2bUS$38.7b15.4x26.4x1.3x
Fri, 28 Jul 2023US$1.0tUS$787.1bUS$38.7b16.2x26.4x1.3x
Sun, 25 Jun 2023US$964.1bUS$774.5bUS$35.1b15.7x27.4x1.2x
Tue, 23 May 2023US$970.7bUS$774.1bUS$35.6b15.8x27.3x1.3x
Thu, 20 Apr 2023US$987.4bUS$759.1bUS$44.1b15.9x22.4x1.3x
Sat, 18 Mar 2023US$905.6bUS$759.4bUS$44.0b15x20.6x1.2x
Mon, 13 Feb 2023US$1.0tUS$767.1bUS$47.1b16.1x22.1x1.4x
Wed, 11 Jan 2023US$1.0tUS$777.9bUS$54.7b15.1x18.9x1.3x
Price to Earnings Ratio

18.9x


Total Market Cap: US$1.0tTotal Earnings: US$54.7bTotal Revenue: US$777.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Insurance Industry Price to Earnings3Y Average 18.7x202420252026
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 13.9x which is lower than its 3-year average PE of 18.7x.
  • The industry is trading close to its 3-year average PS ratio of 1.4x.
Past Earnings Growth
  • The earnings for companies in the Insurance industry have grown 22% per year over the last three years.
  • Revenues for these companies have grown 6.2% 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-0.99%
Financials-1.25%
Insurance-2.29%
Life and Health Insurance-0.44%
Reinsurance-1.94%
General Insurance-2.42%
Property and Casualty Insurance-2.72%
Insurance Brokers-2.75%
Industry PE
  • Investors are most optimistic about the Insurance Brokers industry even though it's trading below its 3-year average PE ratio of 37.3x.
    • Analysts are expecting annual earnings growth of 15.4%, which is higher than its past year's earnings growth of 11.6% per year.
  • Investors are most pessimistic about the General Insurance industry, which is trading close to its 3-year average of 12.2x.
Forecasted Growth
  • Analysts are most optimistic on the Reinsurance industry, expecting annual earnings growth of 18% over the next 5 years.
  • This is better than its past earnings decline of 34% 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
MAAS MaaseUS$5.8319.6%
+US$305.4m		n/an/a
AFL AflacUS$110.240.3%
+US$178.2m		6.9%PE13.9x
LMND LemonadeUS$75.961.7%
+US$94.9m		100.2%PS8.6x
OSCR Oscar HealthUS$14.970.4%
+US$15.9m		4.3%PS0.4x
MET MetLifeUS$80.320.02%
+US$13.2m		-2.3%PE14.6x

Latest News

OSCR
US$14.97
Oscar Health
7D
0.4%
1Y
4.3%
TRV
US$285.19
Travelers Companies
7D
-2.4%
1Y
17.7%
MAAS
US$5.83
Maase
7D
19.6%
1Y
n/a
AJG
US$256.00
Arthur J. Gallagher
7D
-2.1%
1Y
-8.7%
LMND
US$75.96
Lemonade
7D
1.7%
1Y
100.2%
BRO
US$77.62
Brown & Brown
7D
-3.9%
1Y
-23.6%
FGNX
US$3.23
FG Nexus
7D
10.6%
1Y
-86.1%

FG Nexus: The Discount To NAV Threatens Ethereum Treasury Model And Preferreds

Dec 30
PGR
US$212.12
Progressive
7D
-6.6%
1Y
-12.4%

PGR: Reaccelerating Auto Policy Additions Will Drive Earnings Power Through 2025

Analysts have nudged our fair value estimate for Progressive slightly lower to $255.13 from $257.44, reflecting a modest reset in top-line growth expectations, while still highlighting resilient underwriting profitability, accelerating personal auto policy growth, and lighter catastrophe losses that together support higher earnings power over time. Analyst Commentary Street research on Progressive reflects a broadly constructive fundamental backdrop with some valuation discipline and event driven caution.
CB
US$310.06
Chubb
7D
-1.1%
1Y
14.1%
MET
US$80.32
MetLife
7D
0.02%
1Y
-2.3%
HIT
US$1.75
Health In Tech
7D
14.4%
1Y
-67.2%
AHL
US$37.18
Aspen Insurance Holdings
7D
0.4%
1Y
n/a
MMC
US$182.47
Marsh & McLennan Companies
7D
-2.4%
1Y
-13.6%

MMC: Future Earnings Will Stay Resilient Despite Softer Property And Casualty Cycle

Analysts have nudged their fair value estimate for Marsh & McLennan Companies slightly lower to approximately $211.62 from $212.35. This reflects broadly reduced Street price targets around $200 to $215 as they factor in softer near term organic growth, a moderating P&C pricing cycle, and a less compelling valuation backdrop.
AON
US$344.27
Aon
7D
-3.5%
1Y
-2.7%

AON: AI Risk Solutions Will Drive Future Upside In Insurance Services

The analyst price target for Aon has been trimmed modestly to about $399 from roughly $401, as analysts balance slightly higher long term earnings estimates and solid Q3 execution against tempered sector expectations and a mixed risk/reward backdrop. Analyst Commentary Street research reflects a sharply divided view on Aon, with some bullish analysts highlighting solid execution and emerging growth drivers, while bearish analysts emphasize limited upside to current valuations and lingering sector headwinds.
AIG
US$84.27
American International Group
7D
-2.6%
1Y
15.7%
AFL
US$110.24
Aflac
7D
0.3%
1Y
6.9%

AFL: Future Performance Will Reflect Claims Tailwinds And Balanced Capital Return Execution

Analysts have modestly raised their price targets on Aflac, with recent upward revisions ranging from approximately $5 to $6 per share. They cite better than expected life insurance earnings, favorable claims experience, and resilient earnings trends despite macro uncertainties.