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U.S. Insurance Industry Analysis

UpdatedJun 08, 2026
DataAggregated Company Financials
Companies128
  • 7D3.7%
  • 3M1.3%
  • 1Y-6.8%
  • YTD-3.0%

Progressive is up 5.9%, leading the way for the Insurance industry, which has gained 3.7%. In the same time, Lemonade was down 12%. In contrast, the industry has lost 6.8% in the last 12 months. Earnings are forecast to grow by 2.1% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 08 Jun 2026US$1.3tUS$959.6bUS$114.0b10.9x11.5x1.4x
Wed, 06 May 2026US$1.3tUS$954.0bUS$113.1b11.5x11.5x1.4x
Fri, 03 Apr 2026US$1.3tUS$946.4bUS$105.4b11.4x12.2x1.4x
Sun, 01 Mar 2026US$1.4tUS$947.9bUS$105.2b12x12.9x1.4x
Tue, 27 Jan 2026US$1.3tUS$932.0bUS$99.8b12.8x13.3x1.4x
Thu, 25 Dec 2025US$1.4tUS$931.1bUS$99.3b13.4x14.2x1.5x
Sat, 22 Nov 2025US$1.4tUS$931.0bUS$99.2b13.2x13.7x1.5x
Mon, 20 Oct 2025US$1.3tUS$923.0bUS$89.5b13.2x15x1.5x
Wed, 17 Sep 2025US$1.4tUS$919.1bUS$88.7b14x15.7x1.5x
Fri, 15 Aug 2025US$1.4tUS$918.4bUS$88.4b14.6x15.9x1.5x
Sun, 13 Jul 2025US$1.4tUS$902.8bUS$82.1b14.3x16.7x1.5x
Tue, 10 Jun 2025US$1.5tUS$902.8bUS$82.3b14.6x17.7x1.6x
Thu, 08 May 2025US$1.4tUS$900.3bUS$84.9b14.6x17x1.6x
Sat, 05 Apr 2025US$1.5tUS$897.3bUS$92.9b12.8x16x1.7x
Mon, 03 Mar 2025US$1.5tUS$896.5bUS$93.2b13.3x15.8x1.6x
Wed, 29 Jan 2025US$1.4tUS$894.7bUS$91.9b12.8x15.3x1.6x
Fri, 27 Dec 2024US$1.4tUS$893.2bUS$91.1b13.1x15x1.5x
Sun, 24 Nov 2024US$1.5tUS$893.2bUS$91.0b13.7x16x1.6x
Tue, 22 Oct 2024US$1.4tUS$860.8bUS$89.4b14.1x15.9x1.7x
Thu, 19 Sep 2024US$1.4tUS$855.2bUS$87.4b14.3x16x1.6x
Sat, 17 Aug 2024US$1.3tUS$855.4bUS$87.0b13.6x15.2x1.5x
Mon, 15 Jul 2024US$1.2tUS$820.7bUS$79.0b13.5x15.2x1.5x
Wed, 12 Jun 2024US$1.2tUS$823.4bUS$79.2b13x14.9x1.4x
Fri, 10 May 2024US$1.2tUS$821.3bUS$80.1b13x14.7x1.4x
Sun, 07 Apr 2024US$1.2tUS$792.6bUS$66.9b14.6x17.8x1.5x
Tue, 05 Mar 2024US$1.1tUS$792.1bUS$66.6b14.7x17.1x1.4x
Thu, 01 Feb 2024US$1.2tUS$797.1bUS$53.1b12.3x22x1.5x
Sat, 30 Dec 2023US$1.1tUS$792.9bUS$47.7b13x23x1.4x
Mon, 27 Nov 2023US$1.1tUS$792.8bUS$47.5b12.6x23.2x1.4x
Wed, 25 Oct 2023US$1.0tUS$804.2bUS$40.0b14.5x25.5x1.3x
Fri, 22 Sep 2023US$1.0tUS$799.3bUS$38.7b14.7x27x1.3x
Sun, 20 Aug 2023US$1.0tUS$799.0bUS$38.6b15.2x26.1x1.3x
Tue, 18 Jul 2023US$974.2bUS$781.6bUS$37.8b15.3x25.8x1.2x
Thu, 15 Jun 2023US$958.5bUS$774.5bUS$35.1b16.5x27.3x1.2x
Price to Earnings Ratio

27.3x


Total Market Cap: US$958.5bTotal Earnings: US$35.1bTotal Revenue: US$774.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Insurance Industry Price to Earnings3Y Average 17.3x202420252026
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 11.5x which is lower than its 3-year average PE of 17.3x.
  • 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 48% per year over the last three years.
  • Revenues for these companies have grown 7.4% 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-2.49%
Financials0.89%
Insurance3.73%
Property and Casualty Insurance4.39%
Reinsurance3.33%
Life and Health Insurance3.29%
Insurance Brokers2.49%
General Insurance2.12%
Industry PE
  • Investors are most optimistic about the Insurance Brokers industry even though it's trading below its 3-year average PE ratio of 35.9x.
    • Analysts are expecting annual earnings growth of 13.5%, 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 10.4x.
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 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
PGR ProgressiveUS$204.025.9%
+US$6.6b		-24.8%PE10.3x
CB ChubbUS$326.275.3%
+US$6.4b		12.6%PE11.2x
ALL AllstateUS$221.016.7%
+US$3.6b		10.1%PE4.7x
AFL AflacUS$118.245.5%
+US$3.1b		15.3%PE13x
TRV Travelers CompaniesUS$303.255.0%
+US$3.0b		13.2%PE8.5x

Latest News

MET
US$84.49
MetLife
7D
3.2%
1Y
6.1%
Seeking Alpha • 3h

MetLife: Not Exciting, But It Works

Summary MetLife delivers strong Q1 2026 results with adjusted EPS up 23% to $2.42 and ROE at 17%, highlighting robust core performance. I find MET's fixed-income preferreds, especially Series F, compelling with yields near 6.5% and payout ratios under 4%, offering rare quality and safety. Common shares trade at a fair 8.5x forward P/E with limited near-term upside; total equity returns approximate 8% annually via buybacks and dividends. Key risks include commercial mortgage exposure and volatile alternative investment income, but preferred dividend coverage remains exceptionally strong. Read the full article on Seeking Alpha
ARX
US$14.99
Accelerant Holdings
7D
-5.5%
1Y
n/a
BNT
US$44.43
Brookfield Wealth Solutions
7D
-2.0%
1Y
13.8%
AJG
US$216.14
Arthur J. Gallagher
7D
4.9%
1Y
-32.0%
PGR
US$204.02
Progressive
7D
5.9%
1Y
-24.8%
Narrative Update • Jun 07

PGR: AI Expense Efficiencies Will Support Underwriting Discipline And Earnings Resilience

Analysts have nudged Progressive's implied fair value higher to about $291 from roughly $284, while slightly adjusting discount rate, revenue growth, profit margin and future P/E assumptions, citing mixed recent earnings trends and growing interest in the company's potential role in the emerging AI economy. Analyst Commentary Recent Street research on Progressive shows a mix of higher and lower price targets, with several bullish analysts highlighting the company's potential earnings power and role in the developing use of AI across insurance.
SLDE
US$16.74
Slide Insurance Holdings
7D
-6.1%
1Y
n/a
AFL
US$118.24
Aflac
7D
5.5%
1Y
15.3%
AON
US$328.53
Aon
7D
2.5%
1Y
-7.2%
Narrative Update • Jun 05

AON: AI Exposed Services And Cost Efficiencies Will Support Future Upside

Analysts have made a small downward adjustment to Aon’s fair value estimate to about $385, reflecting slightly lower revenue growth assumptions and a more conservative average of recent price target moves, even though some firms highlight stronger organic growth potential and modestly higher profit margin expectations. Analyst Commentary Recent Street research around Aon reflects a split view, with some analysts leaning more optimistic on long term execution and others becoming more cautious on the sector setup and growth outlook for brokers versus carriers.
LMND
US$51.46
Lemonade
7D
-12.4%
1Y
25.6%
Narrative Update • Jun 05

LMND: Autonomous Driving Data Will Drive Future Earnings Power

Analysts have trimmed their average price target on Lemonade to $75, down $5, citing slower premium growth across property and casualty peers. They also point to expectations that pricing and premiums could weaken further, even as their models still assume slightly higher revenue growth, modestly better profit margins, and a lower future P/E multiple.
TRV
US$303.25
Travelers Companies
7D
5.0%
1Y
13.2%
ALL
US$221.01
Allstate
7D
6.7%
1Y
10.1%
Narrative Update • Jun 02

ALL: Earnings Beat And Buybacks Will Support Future Upside

Allstate’s analyst price target has been revised slightly higher to $241.86 from $241.45. Analysts point to modest adjustments in fair value, discount rate, revenue growth, profit margin, and future P/E assumptions to support the new figure.
CB
US$326.27
Chubb
7D
5.3%
1Y
12.6%
Narrative Update • Jun 01

CB: Future Dividends And Buybacks Will Support A Stable Fairly Valued Outlook

Analysts have nudged their fair value estimate for Chubb slightly higher from about $344.57 to $345.78, citing updated assumptions around revenue trends, profit margins, and a modestly lower future P/E multiple. What's in the News Piper Sandler and Wells Fargo raised their price targets for Chubb to US$340 and US$333 respectively, while keeping Neutral and Equal Weight ratings.
XZO
US$13.22
Exzeo Group
7D
-9.5%
1Y
n/a
LIFE
US$16.82
Ethos Technologies
7D
-10.9%
1Y
n/a
NP
US$25.49
Neptune Insurance Holdings
7D
-2.9%
1Y
n/a
MAAS
US$10.66
Maase
7D
-2.7%
1Y
n/a