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U.S. Insurance Industry Analysis

UpdatedOct 25, 2025
DataAggregated Company Financials
Companies131
  • 7D0.4%
  • 3M-3.5%
  • 1Y-2.8%
  • YTD-0.6%

Last week, the Insurance industry hasn't moved much but Chubb is up 5.1% in that time. In line with that, the industry has also been flat over the past 12 months. Looking forward, earnings are forecast to grow by 10% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 26 Oct 2025US$1.4tUS$925.9bUS$90.6b13.5x15x1.5x
Tue, 23 Sep 2025US$1.4tUS$919.1bUS$88.7b13.8x15.7x1.5x
Thu, 21 Aug 2025US$1.4tUS$918.4bUS$88.4b14.4x16x1.5x
Sat, 19 Jul 2025US$1.4tUS$908.2bUS$84.9b14.4x16.4x1.5x
Mon, 16 Jun 2025US$1.4tUS$903.2bUS$82.4b14.3x17.2x1.6x
Wed, 14 May 2025US$1.4tUS$902.6bUS$82.2b15.1x17.6x1.6x
Fri, 11 Apr 2025US$1.4tUS$897.3bUS$92.9b13x15.3x1.6x
Sun, 09 Mar 2025US$1.4tUS$897.4bUS$93.2b13.2x15.6x1.6x
Tue, 04 Feb 2025US$1.4tUS$901.4bUS$90.8b12.8x15.3x1.5x
Thu, 02 Jan 2025US$1.4tUS$892.9bUS$91.5b13x14.8x1.5x
Sat, 30 Nov 2024US$1.5tUS$893.2bUS$91.1b13.8x16.2x1.7x
Mon, 28 Oct 2024US$1.4tUS$865.4bUS$90.8b13.5x15.2x1.6x
Wed, 25 Sep 2024US$1.4tUS$855.1bUS$87.4b14.1x16x1.6x
Fri, 23 Aug 2024US$1.3tUS$855.4bUS$87.0b13.7x15.4x1.6x
Sun, 21 Jul 2024US$1.2tUS$825.2bUS$80.8b12.9x15x1.5x
Tue, 18 Jun 2024US$1.2tUS$823.4bUS$79.2b13x14.6x1.4x
Thu, 16 May 2024US$1.2tUS$823.1bUS$79.1b12.7x14.9x1.4x
Sat, 13 Apr 2024US$1.1tUS$795.6bUS$68.8b14.5x16.5x1.4x
Mon, 11 Mar 2024US$1.2tUS$792.4bUS$66.9b13.9x17.3x1.5x
Wed, 07 Feb 2024US$1.1tUS$787.5bUS$55.1b13.1x19.9x1.4x
Fri, 05 Jan 2024US$1.1tUS$790.2bUS$48.8b12.8x22.7x1.4x
Sun, 03 Dec 2023US$1.1tUS$792.8bUS$47.5b12.8x23.2x1.4x
Tue, 31 Oct 2023US$1.0tUS$808.6bUS$43.5b14.1x23.9x1.3x
Thu, 28 Sep 2023US$1.0tUS$799.3bUS$38.7b14.7x26.8x1.3x
Sat, 26 Aug 2023US$1.0tUS$799.2bUS$38.7b14.8x26.2x1.3x
Mon, 24 Jul 2023US$1.0tUS$783.5bUS$37.5b15.6x27x1.3x
Wed, 21 Jun 2023US$966.5bUS$774.5bUS$35.1b15.1x27.5x1.2x
Fri, 19 May 2023US$982.7bUS$774.5bUS$35.2b15.7x28x1.3x
Sun, 16 Apr 2023US$964.4bUS$759.1bUS$44.1b14.7x21.9x1.3x
Tue, 14 Mar 2023US$929.1bUS$759.7bUS$44.0b14.8x21.1x1.2x
Thu, 09 Feb 2023US$1.0tUS$778.8bUS$50.1b15.7x20.9x1.3x
Sat, 07 Jan 2023US$1.0tUS$777.9bUS$54.7b15.2x19.1x1.3x
Mon, 05 Dec 2022US$1.0tUS$777.8bUS$54.6b14.4x19.1x1.3x
Wed, 02 Nov 2022US$1.0tUS$747.0bUS$60.1b14.9x16.7x1.3x
Price to Earnings Ratio

16.7x


Total Market Cap: US$1.0tTotal Earnings: US$60.1bTotal Revenue: US$747.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Insurance Industry Price to Earnings3Y Average 19x202320242025
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 15.0x which is lower than its 3-year average PE of 19.0x.
  • 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 15% per year over the last three years.
  • Revenues for these companies have grown 6.3% 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 Market1.93%
Financials2.06%
Insurance0.38%
General Insurance2.20%
Property and Casualty Insurance0.94%
Life and Health Insurance0.66%
Reinsurance-0.37%
Insurance Brokers-0.95%
Industry PE
  • Investors are most optimistic about the Insurance Brokers industry even though it's trading below its 3-year average PE ratio of 37.7x.
    • Analysts are expecting annual earnings growth of 21.8%, which is higher than its past year's earnings growth of 1.6% 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 Insurance Brokers industry, expecting annual earnings growth of 22% over the next 5 years.
  • This is better than its past earnings growth rate of 1.6% per year.
  • In contrast, the Property and Casualty Insurance industry is expected to see its earnings grow by 2.4% 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
CB ChubbUS$281.945.1%
+US$4.2b		-2.1%PE11.5x
TRV Travelers CompaniesUS$269.893.0%
+US$1.8b		7.7%PE10.3x
AIG American International GroupUS$79.002.1%
+US$908.6m		2.8%PE13.4x
CINF Cincinnati FinancialUS$156.672.4%
+US$570.8m		10.9%PE13.5x
PRU Prudential FinancialUS$102.181.5%
+US$531.4m		-17.2%PE22.3x

Latest News

KNSL
US$422.38
Kinsale Capital Group
7D
-5.6%
1Y
-2.7%
ORI
US$40.51
Old Republic International
7D
-2.4%
1Y
17.8%
CB
US$281.94
Chubb
7D
5.1%
1Y
-2.1%

Digital Expansion And Share Repurchase Activity Will Influence Insurance Industry Dynamics

Analysts have raised their price target for Chubb from $303.50 to $306.64, citing a slightly improved outlook for revenue growth even as they note a modest reduction in projected profit margin. What's in the News Chubb completed the repurchase of 4,429,719 shares, amounting to 1.11% of the company, for $1,230 million as part of its buyback program announced on May 15, 2025 (Key Developments).
AIG
US$79.00
American International Group
7D
2.1%
1Y
2.8%
ERIE
US$324.67
Erie Indemnity
7D
2.5%
1Y
-26.9%
FNF
US$57.12
Fidelity National Financial
7D
3.4%
1Y
-4.7%
CINF
US$156.67
Cincinnati Financial
7D
2.4%
1Y
10.9%

Analysts Lift Cincinnati Financial Price Target on Resilient Earnings and Lower Catastrophe Risks

Analysts have raised their price target for Cincinnati Financial by $3 to $167.83, supported by improved revenue growth forecasts and expectations for lower catastrophe losses. Analyst Commentary Recent adjustments to Cincinnati Financial's price targets reflect a generally optimistic outlook from equity analysts, bolstered by both favorable recent business developments and updated industry assumptions.
MMC
US$186.55
Marsh & McLennan Companies
7D
-1.6%
1Y
-15.7%

Analyst Commentary Cites Mixed Outlook as Marsh & McLennan Faces Lowered Valuation Targets

Marsh & McLennan Companies' analyst price target has been revised downward by approximately $10 to $218, as analysts adjusted their expectations in light of slower revenue growth and a less attractive valuation in response to ongoing sector headwinds. Analyst Commentary Analysts covering Marsh & McLennan Companies provided a wide range of perspectives in recent research notes, reflecting both positive and cautious outlooks for the company in light of the ongoing sector dynamics, recent earnings trends, and valuation considerations.
TRV
US$269.89
Travelers Companies
7D
3.0%
1Y
7.7%

Analysts Lift Travelers Price Target Amid Balanced Outlook and Recent Buyback Activity

Analysts have slightly raised their price target for Travelers Companies, reflecting a modest increase in fair value to $295.40 per share. They point to resilient underwriting performance and continued strength in the homeowners' business, despite ongoing industry headwinds.
PRU
US$102.18
Prudential Financial
7D
1.5%
1Y
-17.2%
AON
US$337.73
Aon
7D
-2.6%
1Y
-10.0%
AFL
US$107.18
Aflac
7D
-0.5%
1Y
-2.3%

Custom Cancer Insurance And Digital Underwriting Will Drive Future Expansion

Aflac's analyst price target has been increased from $108.31 to $110.00. Analysts cite steady improvements in revenue growth, profit margins, and favorable claims experience as key factors supporting the upward revision.
ALL
US$193.19
Allstate
7D
-1.4%
1Y
2.7%
PGR
US$219.09
Progressive
7D
-2.9%
1Y
-10.1%

Advanced Analytics Will Reshape Auto Insurance Amid Competition Risks

Progressive's analyst price target has decreased modestly, dropping by $5.42 to $272.74. Analysts point to slower revenue growth and profit margin pressures, partially offset by industry-wide improvements in catastrophe losses and continued earnings resilience.
RNR
US$243.44
RenaissanceRe Holdings
7D
-3.0%
1Y
-9.3%
BNT
US$46.19
Brookfield Wealth Solutions
7D
3.9%
1Y
29.7%