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U.S. Insurance Industry Analysis

UpdatedJan 08, 2026
DataAggregated Company Financials
Companies127
  • 7D-1.8%
  • 3M-2.5%
  • 1Y1.4%
  • YTD-0.2%

Over the last 7 days, the Insurance industry has dropped 1.8%, driven by a pullback from Progressive of 8.2%. As for the longer term, the industry's performance has been flat for the past year. Earnings are forecast to grow by 6.6% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Sat, 27 May 2023US$939.7bUS$774.5bUS$35.1b15.2x26.7x1.2x
Mon, 24 Apr 2023US$979.0bUS$760.4bUS$43.9b15.7x22.3x1.3x
Wed, 22 Mar 2023US$944.8bUS$759.4bUS$44.2b15.1x21.4x1.2x
Fri, 17 Feb 2023US$1.0tUS$768.0bUS$47.3b15.9x21.9x1.3x
Sun, 15 Jan 2023US$1.0tUS$779.7bUS$54.7b15.1x19.1x1.3x
Price to Earnings Ratio

19.1x


Total Market Cap: US$1.0tTotal Earnings: US$54.7bTotal Revenue: US$779.7bTotal 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 14.0x 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 6.1% 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 Market1.52%
Financials1.67%
Insurance-1.81%
Life and Health Insurance1.05%
Insurance Brokers-0.78%
Reinsurance-2.33%
General Insurance-2.81%
Property and Casualty Insurance-3.14%
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 15.3%, 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
PRU Prudential FinancialUS$116.853.5%
+US$1.4b		-1.3%PE15.8x
LMND LemonadeUS$81.0013.8%
+US$733.9m		135.2%PS9.2x
PFG Principal Financial GroupUS$90.883.0%
+US$586.6m		16.0%PE12.7x
OSCR Oscar HealthUS$16.4814.7%
+US$557.8m		7.8%PS0.4x
BNT Brookfield Wealth SolutionsUS$47.663.7%
+US$526.4m		22.7%PE11.1x

Latest News

ORI
US$42.67
Old Republic International
7D
-6.5%
1Y
24.2%
CB
US$306.63
Chubb
7D
-1.8%
1Y
15.0%
LMND
US$81.00
Lemonade
7D
13.8%
1Y
135.2%
PRU
US$116.85
Prudential Financial
7D
3.5%
1Y
-1.3%
WRB
US$68.49
W. R. Berkley
7D
-2.3%
1Y
17.9%
AIG
US$77.07
American International Group
7D
-9.9%
1Y
7.9%
TRV
US$283.19
Travelers Companies
7D
-2.4%
1Y
16.6%

TRV: Underwriting Execution And Buybacks Will Offset Softening P And C Pricing

Analysts made only a marginal trim to Travelers Companies' modeled fair value, from about $297.10 to $296.95. A mix of higher and lower Street price targets, along with updated views on underwriting trends and pricing conditions across property and casualty lines, fed into a slightly adjusted long term P/E assumption and earnings outlook.
OSCR
US$16.48
Oscar Health
7D
14.7%
1Y
7.8%

OSCR: Premium Hikes And New Market Expansion Will Shape Future Margins

Oscar Health's analyst fair value estimate in our framework has shifted from about $14.67 to $15.22. This reflects analysts' higher price targets and upgraded ratings following recent research that highlights potential for share gains and profitability improvements in key markets.
MMC
US$182.90
Marsh & McLennan Companies
7D
-1.4%
1Y
-13.5%

MMC: Future Earnings Should Prove Resilient Despite Softer P And C Cycle

Analysts have trimmed their price targets on Marsh & McLennan Companies to a range of around US$200 to US$257 and now see fair value at about US$211.33 per share, reflecting slightly lower revenue growth and profit margin assumptions alongside a modestly higher future P/E. Analyst Commentary Recent Street research on Marsh & McLennan Companies highlights a mix of confidence in the business model and caution around growth, valuation and the broader property and casualty, P&C, cycle.
PFG
US$90.88
Principal Financial Group
7D
3.0%
1Y
16.0%
PGR
US$209.10
Progressive
7D
-8.2%
1Y
-14.2%

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.
WTW
US$331.38
Willis Towers Watson
7D
0.8%
1Y
5.5%
KNSL
US$398.46
Kinsale Capital Group
7D
1.9%
1Y
-5.6%

KNSL: Exceptional Underwriting Margins Will Continue To Drive Strong Earnings Through 2026

Analysts have nudged their price target for Kinsale Capital modestly lower, trimming fair value by about $4 to roughly $461. They are balancing still exceptional underwriting profitability and slightly faster growth assumptions with a more cautious stance on valuation multiples amid softening property and casualty cycles.
AON
US$349.92
Aon
7D
-0.8%
1Y
-0.7%

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.
FNF
US$55.81
Fidelity National Financial
7D
2.2%
1Y
-0.4%
BNT
US$47.66
Brookfield Wealth Solutions
7D
3.7%
1Y
22.7%