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U.S. Insurance Industry Analysis

UpdatedMay 27, 2026
DataAggregated Company Financials
Companies128
  • 7D-0.7%
  • 3M-1.6%
  • 1Y-8.8%
  • YTD-3.6%

Over the last 7 days, the Insurance industry has remained flat, although notably Allstate declined by 5.2%. Unfortunately though, the industry is down 8.8% over the past 12 months. Looking forward, earnings are forecast to grow by 2.0% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 28 May 2026US$1.3tUS$959.6bUS$114.0b11x11.4x1.4x
Sat, 25 Apr 2026US$1.3tUS$951.4bUS$108.6b11.6x12.3x1.4x
Mon, 23 Mar 2026US$1.3tUS$946.4bUS$105.4b10.8x12.1x1.4x
Wed, 18 Feb 2026US$1.3tUS$950.2bUS$106.0b12.3x12.6x1.4x
Fri, 16 Jan 2026US$1.4tUS$931.1bUS$99.3b12.8x13.6x1.5x
Sun, 14 Dec 2025US$1.4tUS$931.1bUS$99.3b13.5x14.1x1.5x
Tue, 11 Nov 2025US$1.4tUS$931.8bUS$100.0b13.3x13.5x1.5x
Thu, 09 Oct 2025US$1.4tUS$919.0bUS$88.6b14.2x16.3x1.6x
Sat, 06 Sep 2025US$1.4tUS$919.1bUS$88.6b14.4x16.1x1.5x
Mon, 04 Aug 2025US$1.4tUS$916.2bUS$88.8b13.6x15.2x1.5x
Wed, 02 Jul 2025US$1.4tUS$904.1bUS$82.6b14.5x17.3x1.6x
Fri, 30 May 2025US$1.4tUS$902.7bUS$82.3b14.8x17.5x1.6x
Sun, 27 Apr 2025US$1.4tUS$904.3bUS$91.2b13.5x15.3x1.5x
Tue, 25 Mar 2025US$1.5tUS$897.3bUS$93.0b14x15.7x1.6x
Thu, 20 Feb 2025US$1.4tUS$895.6bUS$93.1b12.9x15x1.6x
Sat, 18 Jan 2025US$1.4tUS$892.9bUS$91.5b13.1x15.2x1.6x
Mon, 16 Dec 2024US$1.4tUS$893.2bUS$91.1b13.1x15.2x1.5x
Wed, 13 Nov 2024US$1.4tUS$891.6bUS$91.1b13.2x15.6x1.6x
Fri, 11 Oct 2024US$1.4tUS$855.0bUS$87.4b13.8x15.9x1.6x
Sun, 08 Sep 2024US$1.4tUS$855.4bUS$87.0b13.8x15.7x1.6x
Tue, 06 Aug 2024US$1.3tUS$851.5bUS$86.4b13.4x15x1.5x
Thu, 04 Jul 2024US$1.2tUS$823.2bUS$79.2b13.4x14.8x1.4x
Sat, 01 Jun 2024US$1.2tUS$823.4bUS$79.2b12.9x14.9x1.4x
Mon, 29 Apr 2024US$1.1tUS$804.1bUS$71.4b14.1x16x1.4x
Wed, 27 Mar 2024US$1.2tUS$792.6bUS$67.0b14.8x17.7x1.5x
Fri, 23 Feb 2024US$1.1tUS$791.4bUS$65.6b14x17.2x1.4x
Sun, 21 Jan 2024US$1.1tUS$790.2bUS$48.8b12.7x23.3x1.4x
Tue, 19 Dec 2023US$1.1tUS$792.9bUS$47.7b13.3x22.7x1.4x
Thu, 16 Nov 2023US$1.1tUS$792.8bUS$47.2b12.4x22.8x1.4x
Sat, 14 Oct 2023US$1.0tUS$799.5bUS$38.9b15x27x1.3x
Mon, 11 Sep 2023US$1.0tUS$799.3bUS$38.7b14.4x26.1x1.3x
Wed, 09 Aug 2023US$1.0tUS$798.7bUS$40.1b15.5x25.4x1.3x
Fri, 07 Jul 2023US$981.5bUS$777.7bUS$36.9b16.8x26.6x1.3x
Sun, 04 Jun 2023US$955.0bUS$774.5bUS$35.2b15.2x27.2x1.2x
Price to Earnings Ratio

27.2x


Total Market Cap: US$955.0bTotal Earnings: US$35.2bTotal Revenue: US$774.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Insurance Industry Price to Earnings3Y Average 17.5x202420252026
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 17.5x.
  • 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 Market2.46%
Financials1.50%
Insurance-0.71%
General Insurance2.52%
Life and Health Insurance1.14%
Reinsurance-1.12%
Property and Casualty Insurance-1.14%
Insurance Brokers-1.15%
Industry PE
  • Investors are most optimistic about the Insurance Brokers industry even though it's trading below its 3-year average PE ratio of 36.0x.
    • Analysts are expecting annual earnings growth of 13.2%, 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 10.6x.
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 4.3% 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
MAAS MaaseUS$11.7415.2%
+US$685.4m		n/aPS10103.3x
MET MetLifeUS$83.200.8%
+US$444.0m		6.7%PE15.6x
PFG Principal Financial GroupUS$104.571.7%
+US$380.2m		34.6%PE14.5x
BNT Brookfield Wealth SolutionsUS$45.841.1%
+US$173.0m		19.3%PE31.6x
XZO Exzeo GroupUS$13.747.0%
+US$81.8m		n/aPE15.3x

Latest News

ABX
US$9.32
Abacus Global Management
7D
5.2%
1Y
18.6%
HIG
US$131.69
Hartford Insurance Group
7D
-3.7%
1Y
1.9%
ALL
US$208.85
Allstate
7D
-5.9%
1Y
1.9%
XZO
US$13.74
Exzeo Group
7D
7.0%
1Y
n/a
AFL
US$114.85
Aflac
7D
-2.0%
1Y
12.6%
Narrative Update • May 26

AFL: Future Returns Will Balance Carrier Focus With Cautious Earnings Assumptions

Analysts have raised their blended price target for Aflac by about $0.20 per share, citing recent stock performance, generally strong life insurance results in Q1, and roll-forward valuation work that now places greater emphasis on carriers rather than brokers. Analyst Commentary Recent Street research on Aflac shows a mix of optimism around execution and caution around valuation and earnings power, with several price target changes in both directions.
TRV
US$299.94
Travelers Companies
7D
-2.3%
1Y
9.6%
PFG
US$104.57
Principal Financial Group
7D
1.7%
1Y
34.6%
Narrative Update • May 25

PFG: Sector Concerns Over Private Credit Exposure Will Restrain Future Upside

Analysts have lifted their consolidated price target range for Principal Financial Group into the low $100s, citing strong recent Q1 results, continued earnings momentum into 2026, and steady revenue contribution from international and retirement-related businesses. Analyst Commentary Recent research on Principal Financial Group has highlighted a mix of optimism around earnings momentum and a more measured tone on how that translates into future returns for shareholders.
AIG
US$75.27
American International Group
7D
-3.5%
1Y
-9.0%
LIFE
US$21.14
Ethos Technologies
7D
5.6%
1Y
n/a
MET
US$83.20
MetLife
7D
0.8%
1Y
6.7%
Seeking Alpha • May 24

MetLife: Time To Go Long The Common Shares And 6.35% Yielding Preferreds

Summary MetLife delivers robust adjusted income, supporting a bullish stance on common shares and fixed-rate preferreds. MET's preferred dividend payout ratio remains low, with $24.5B in common equity providing strong downside protection for preferred holders. Series A floating-rate preferreds yield 5.45%-5.5%, attractive if short-term rates rise, but fixed-rate Series F offers a higher current yield. I rate MET common and Series F preferreds as a "buy," maintaining "hold" on Series A preferreds pending a significant SOFR increase. Read the full article on Seeking Alpha
NP
US$28.33
Neptune Insurance Holdings
7D
2.0%
1Y
n/a
PGR
US$196.91
Progressive
7D
-2.8%
1Y
-28.9%
Narrative Update • May 24

PGR: AI Expense Efficiencies Will Sustain Earnings Power Despite Softer Pricing

Analysts have nudged the fair value estimate for Progressive slightly lower to about $231 from roughly $232, reflecting modest reductions to long term earnings expectations after recent price target cuts tied to April's catastrophe losses and concerns about softer auto pricing power. Analyst Commentary Recent research shows a mix of optimism and caution around Progressive, with price targets being nudged both higher and lower as analysts recalibrate expectations after the April earnings miss and shifting views on auto pricing power.
CB
US$320.63
Chubb
7D
-2.4%
1Y
10.9%
ACGL
US$91.40
Arch Capital Group
7D
-5.6%
1Y
-1.7%
BNT
US$45.84
Brookfield Wealth Solutions
7D
1.1%
1Y
19.3%
MAAS
US$11.74
Maase
7D
15.2%
1Y
n/a