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U.S. Insurance Industry Analysis

UpdatedSep 13, 2025
DataAggregated Company Financials
Companies129
  • 7D0.7%
  • 3M0.07%
  • 1Y1.9%
  • YTD3.9%

The Insurance industry has been flat over the last week, but Accelerant Holdings has lost 15%. Furthermore, the industry has been flat for the past year as well. Looking forward, earnings are forecast to grow by 11% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Sun, 11 Jun 2023US$966.2bUS$774.5bUS$35.1b15.3x27.5x1.2x
Tue, 09 May 2023US$977.3bUS$772.5bUS$41.0b15.2x23.8x1.3x
Thu, 06 Apr 2023US$961.5bUS$759.1bUS$44.1b14.9x21.8x1.3x
Sat, 04 Mar 2023US$1.0tUS$759.6bUS$44.3b16.1x23.1x1.3x
Mon, 30 Jan 2023US$1.0tUS$780.3bUS$53.6b15.9x19.4x1.3x
Wed, 28 Dec 2022US$1.0tUS$777.8bUS$54.7b14.9x18.6x1.3x
Fri, 25 Nov 2022US$1.0tUS$774.4bUS$53.9b14.5x19.1x1.3x
Sun, 23 Oct 2022US$947.1bUS$769.3bUS$63.5b13.5x14.9x1.2x
Tue, 20 Sep 2022US$961.5bUS$795.2bUS$74.2b13.8x13x1.2x
Price to Earnings Ratio

13x


Total Market Cap: US$961.5bTotal Earnings: US$74.2bTotal Revenue: US$795.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Insurance Industry Price to Earnings3Y Average 18.9x202320242025
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 16.0x which is lower than its 3-year average PE of 18.9x.
  • 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 6.1% per year over the last three years.
  • Revenues for these companies have grown 4.9% 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 Market1.69%
Financials1.32%
Insurance0.69%
General Insurance2.75%
Life and Health Insurance1.73%
Reinsurance1.62%
Property and Casualty Insurance0.77%
Insurance Brokers-0.35%
Industry PE
  • Investors are most optimistic about the Insurance Brokers industry, which is trading close to its 3-year average PE ratio of 37.5x.
    • Analysts are expecting annual earnings growth of 21.6%, which is higher than its past year's earnings growth of 2.1% per year.
  • Investors are most pessimistic about the Reinsurance industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
  • Analysts are most optimistic on the Reinsurance industry, expecting annual earnings growth of 22% 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 grow by 3.5% 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$248.281.8%
+US$2.6b		-2.8%PE14x
AFL AflacUS$109.132.1%
+US$1.2b		0.5%PE24x
WTW Willis Towers WatsonUS$338.792.9%
+US$928.7m		16.5%PE241.2x
MET MetLifeUS$80.821.6%
+US$871.2m		6.1%PE13.1x
TRV Travelers CompaniesUS$278.931.3%
+US$835.2m		17.3%PE12.1x

Latest News

WTW
US$338.79
Willis Towers Watson
7D
2.9%
1Y
16.5%
TRV
US$278.93
Travelers Companies
7D
1.3%
1Y
17.3%
WRB
US$73.82
W. R. Berkley
7D
2.6%
1Y
26.5%
KNSL
US$431.69
Kinsale Capital Group
7D
-5.2%
1Y
-7.1%
RYAN
US$51.62
Ryan Specialty Holdings
7D
-5.1%
1Y
-19.4%
AJG
US$297.28
Arthur J. Gallagher
7D
-0.6%
1Y
-0.04%
BRO
US$93.54
Brown & Brown
7D
-1.3%
1Y
-9.3%
MET
US$80.82
MetLife
7D
1.6%
1Y
6.1%

International Demand And Digital Transformation Will Fuel Success

With no change in revenue growth forecasts or discount rate, MetLife’s fair value estimate remains steady at $91.86. What's in the News MetLife will redeem all outstanding shares of its 3.850% Fixed Rate Reset Non-Cumulative Preferred Stock, Series G, at $1,000 per share; dividends of $19.250 per share will be paid separately, and all further dividends cease post-redemption.
PGR
US$248.28
Progressive
7D
1.8%
1Y
-2.8%

Advanced Analytics Will Reshape Auto Insurance Amid Competition Risks

Analysts cite persistent profit margin strength but growing caution around slowing growth prospects, increased competition, and sector headwinds—factors that offset upside potential and result in the consensus Analyst Price Target remaining unchanged at $283.56. Analyst Commentary Bullish analysts cite Progressive's consistent outperformance on profit margins, with recent operating EPS beats exceeding expectations and normalized underwriting margin forecasts being revised slightly higher into 2027.
ARX
US$17.21
Accelerant Holdings
7D
-14.6%
1Y
n/a
AFL
US$109.13
Aflac
7D
2.1%
1Y
0.5%
PFG
US$82.70
Principal Financial Group
7D
3.4%
1Y
1.7%
CINF
US$156.86
Cincinnati Financial
7D
2.3%
1Y
15.5%
PLMR
US$116.84
Palomar Holdings
7D
-5.2%
1Y
23.2%
ALL
US$200.39
Allstate
7D
-0.6%
1Y
6.4%
MMC
US$202.93
Marsh & McLennan Companies
7D
-0.4%
1Y
-11.6%