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U.S. Insurance Industry Analysis

UpdatedOct 31, 2025
DataAggregated Company Financials
Companies133
  • 7D-2.7%
  • 3M-2.2%
  • 1Y-3.9%
  • YTD-3.0%

Over the last 7 days, the Insurance industry has dropped 2.7%, driven by Progressive declining 6.2%. The industry has fallen 3.9% in the last year. Looking forward, earnings are forecast to grow by 8.8% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 31 Oct 2025US$1.3tUS$926.2bUS$92.5b13.2x14.2x1.4x
Sun, 28 Sep 2025US$1.4tUS$919.1bUS$88.7b13.6x15.9x1.5x
Tue, 26 Aug 2025US$1.4tUS$918.4bUS$88.5b14.6x16x1.5x
Thu, 24 Jul 2025US$1.4tUS$910.3bUS$85.7b14.5x16.3x1.5x
Sat, 21 Jun 2025US$1.4tUS$904.1bUS$82.6b14.1x17.1x1.6x
Mon, 19 May 2025US$1.5tUS$902.8bUS$82.1b15.2x17.7x1.6x
Wed, 16 Apr 2025US$1.4tUS$897.3bUS$92.9b13.4x15.5x1.6x
Fri, 14 Mar 2025US$1.4tUS$897.4bUS$93.0b12.8x15.3x1.6x
Sun, 09 Feb 2025US$1.4tUS$904.8bUS$95.8b12.4x14.7x1.6x
Tue, 07 Jan 2025US$1.4tUS$892.9bUS$91.5b13x14.9x1.5x
Thu, 05 Dec 2024US$1.5tUS$893.2bUS$91.1b13.4x15.9x1.6x
Sat, 02 Nov 2024US$1.4tUS$884.9bUS$89.5b13.3x15.3x1.5x
Mon, 30 Sep 2024US$1.4tUS$855.0bUS$87.4b13.9x15.9x1.6x
Wed, 28 Aug 2024US$1.4tUS$855.4bUS$87.0b14x15.6x1.6x
Fri, 26 Jul 2024US$1.2tUS$828.3bUS$81.5b13x14.8x1.5x
Sun, 23 Jun 2024US$1.2tUS$823.4bUS$79.2b13.1x15x1.4x
Tue, 21 May 2024US$1.2tUS$823.1bUS$79.1b12.5x15.2x1.5x
Thu, 18 Apr 2024US$1.1tUS$797.1bUS$68.9b14.6x16.3x1.4x
Sat, 16 Mar 2024US$1.2tUS$792.5bUS$66.9b14.4x17.5x1.5x
Mon, 12 Feb 2024US$1.1tUS$784.4bUS$61.3b12.2x18.1x1.4x
Wed, 10 Jan 2024US$1.1tUS$790.2bUS$48.8b12.7x22.7x1.4x
Fri, 08 Dec 2023US$1.1tUS$792.7bUS$47.5b13.1x23x1.4x
Sun, 05 Nov 2023US$1.1tUS$790.3bUS$46.8b12.8x22.7x1.3x
Tue, 03 Oct 2023US$1.0tUS$799.1bUS$38.9b14.5x26.4x1.3x
Thu, 31 Aug 2023US$1.0tUS$799.3bUS$38.7b15.2x26.5x1.3x
Sat, 29 Jul 2023US$1.0tUS$791.2bUS$41.3b15.6x24.7x1.3x
Mon, 26 Jun 2023US$964.1bUS$774.5bUS$35.1b15.7x27.4x1.2x
Wed, 24 May 2023US$959.6bUS$774.0bUS$35.6b15.4x27x1.2x
Fri, 21 Apr 2023US$987.7bUS$760.4bUS$44.2b15.9x22.3x1.3x
Sun, 19 Mar 2023US$905.6bUS$759.4bUS$44.2b14.5x20.5x1.2x
Tue, 14 Feb 2023US$1.1tUS$767.1bUS$47.1b16.2x22.3x1.4x
Thu, 12 Jan 2023US$1.0tUS$777.9bUS$54.7b15x19x1.3x
Sat, 10 Dec 2022US$1.0tUS$777.8bUS$54.7b14.7x18.5x1.3x
Mon, 07 Nov 2022US$995.1bUS$774.8bUS$54.6b15.7x18.2x1.3x
Price to Earnings Ratio

18.2x


Total Market Cap: US$995.1bTotal Earnings: US$54.6bTotal Revenue: US$774.8bTotal 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 14.2x 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 19% 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 Market0.51%
Financials-0.90%
Insurance-2.68%
Life and Health Insurance0.17%
General Insurance-0.77%
Property and Casualty Insurance-2.29%
Reinsurance-3.14%
Insurance Brokers-5.54%
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 17.6%, which is higher than its past year's earnings decline of 1.3% per year.
  • Investors are most pessimistic about the Property and Casualty Insurance industry, which is trading below its 3-year average of 18.2x.
Forecasted Growth
  • Analysts are most optimistic on the Reinsurance industry, expecting annual earnings growth of 25% over the next 5 years.
  • This is better than its past earnings decline of 48% 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
MET MetLifeUS$79.161.3%
+US$658.4m		0.9%PE12.9x
LMND LemonadeUS$59.0114.8%
+US$563.0m		148.3%PS7.3x
PFG Principal Financial GroupUS$82.744.2%
+US$547.4m		0.4%PE11.6x
MKL Markel GroupUS$1.94k2.2%
+US$533.9m		25.7%PE12.7x
PRU Prudential FinancialUS$103.091.3%
+US$468.0m		-15.8%PE14.1x

Latest News

PRU
US$103.09
Prudential Financial
7D
1.3%
1Y
-15.8%
MKL
US$1,938.38
Markel Group
7D
2.2%
1Y
25.7%
PFG
US$82.74
Principal Financial Group
7D
4.2%
1Y
0.4%
PGR
US$206.97
Progressive
7D
-6.2%
1Y
-14.8%

PGR: Earnings Momentum Will Outpace Sector Headwinds Amid Market Shifts

Progressive's analyst price target has been revised downward from approximately $273 to $261, as analysts cite industry underperformance and company-specific developments such as lower than expected premium growth and the impact of one-time items on near-term results. Analyst Commentary Recent Street research on Progressive highlights a nuanced outlook, with both optimistic and cautious perspectives shaping the investment case.
TRV
US$271.01
Travelers Companies
7D
0.7%
1Y
10.2%
RNR
US$254.36
RenaissanceRe Holdings
7D
4.6%
1Y
-3.1%
AJG
US$262.03
Arthur J. Gallagher
7D
-7.2%
1Y
-6.8%
CB
US$278.06
Chubb
7D
-1.7%
1Y
-1.6%
BRO
US$80.45
Brown & Brown
7D
-9.4%
1Y
-23.1%
AON
US$328.19
Aon
7D
-3.9%
1Y
-10.5%
EG
US$309.18
Everest Group
7D
-11.5%
1Y
-13.1%

Reinsurance Resilience And Calm Market Will Broaden Industry Opportunities Ahead

The analyst price target for Everest Group saw a modest increase of approximately $0.67 per share. Analysts cited stable sector fundamentals and a relatively calm third quarter as factors supporting a slightly higher valuation.
LNC
US$40.69
Lincoln National
7D
3.4%
1Y
17.1%

Resilient Earnings And Capital-Light Model Will Drive Future Turnaround Momentum

The analyst price target for Lincoln National has increased modestly to $43.75, up from $43.42. Analysts highlight steady revenue growth, improved profit margins, and favorable trends in claims experience, which support the company's ongoing turnaround.
MET
US$79.16
MetLife
7D
1.3%
1Y
0.9%

Digital Expansion And Employee Support Benefits Will Drive Outperformance Ahead

Analysts have modestly raised their price target for MetLife, increasing it from $93.00 to $93.33 per share. They cited slight improvements in projected revenue growth and profit margins as the reason for the adjustment.
MMC
US$178.67
Marsh & McLennan Companies
7D
-5.0%
1Y
-18.1%

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.
WRB
US$71.54
W. R. Berkley
7D
-4.9%
1Y
25.1%

Analyst Sentiment Mixed as W. R. Berkley Price Target Rises Amid Valuation Shifts

The consensus analyst price target for W. R.
LMND
US$59.01
Lemonade
7D
14.8%
1Y
148.3%