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U.S. Insurance Industry Analysis

UpdatedJun 05, 2026
DataAggregated Company Financials
Companies128
  • 7D0.09%
  • 3M-3.9%
  • 1Y-10.3%
  • YTD-5.8%

Over the last 7 days, the Insurance industry has dropped 2.5%, driven by pullbacks in Markel Group and Arch Capital Group of 3.7% and 2.6%, respectively. However, the industry is down 12% over the past year. Earnings are forecast to grow by 2.2% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 05 Jun 2026US$1.3tUS$959.6bUS$114.0b10.5x11x1.3x
Sun, 03 May 2026US$1.3tUS$953.2bUS$112.9b11.5x11.6x1.4x
Tue, 31 Mar 2026US$1.3tUS$946.4bUS$105.4b11.1x12x1.3x
Thu, 26 Feb 2026US$1.3tUS$947.3bUS$104.8b12.5x12.7x1.4x
Sat, 24 Jan 2026US$1.3tUS$931.9bUS$99.8b12.7x13.4x1.4x
Mon, 22 Dec 2025US$1.4tUS$931.1bUS$99.3b13.4x14.1x1.5x
Wed, 19 Nov 2025US$1.4tUS$931.0bUS$99.2b13x13.7x1.5x
Fri, 17 Oct 2025US$1.4tUS$921.8bUS$88.9b13.6x15.6x1.5x
Sun, 14 Sep 2025US$1.4tUS$919.1bUS$88.6b14.4x15.9x1.5x
Tue, 12 Aug 2025US$1.4tUS$918.2bUS$88.4b14.2x15.6x1.5x
Thu, 10 Jul 2025US$1.4tUS$902.8bUS$82.1b14.5x17.1x1.6x
Sat, 07 Jun 2025US$1.4tUS$902.8bUS$82.3b14.9x17.6x1.6x
Mon, 05 May 2025US$1.4tUS$895.0bUS$85.0b14.2x16.9x1.6x
Wed, 02 Apr 2025US$1.5tUS$897.3bUS$92.9b14.3x16.2x1.7x
Fri, 28 Feb 2025US$1.4tUS$896.4bUS$94.1b13.1x15.2x1.6x
Sun, 26 Jan 2025US$1.4tUS$894.1bUS$91.8b12.7x14.8x1.5x
Tue, 24 Dec 2024US$1.4tUS$893.2bUS$91.1b13.1x14.8x1.5x
Thu, 21 Nov 2024US$1.4tUS$893.2bUS$91.0b13.5x15.5x1.6x
Sat, 19 Oct 2024US$1.4tUS$860.8bUS$89.5b14.2x15.9x1.7x
Mon, 16 Sep 2024US$1.4tUS$855.5bUS$87.0b14.2x15.9x1.6x
Wed, 14 Aug 2024US$1.3tUS$855.4bUS$87.0b13.2x14.8x1.5x
Fri, 12 Jul 2024US$1.2tUS$820.7bUS$79.0b13.6x14.9x1.4x
Sun, 09 Jun 2024US$1.2tUS$823.4bUS$79.2b12.7x14.9x1.4x
Tue, 07 May 2024US$1.2tUS$819.5bUS$78.9b14.1x14.8x1.4x
Thu, 04 Apr 2024US$1.2tUS$792.6bUS$66.9b14.9x17.8x1.5x
Sat, 02 Mar 2024US$1.1tUS$791.6bUS$66.7b14.9x17.2x1.4x
Mon, 29 Jan 2024US$1.2tUS$794.3bUS$49.9b13.2x23.3x1.5x
Wed, 27 Dec 2023US$1.1tUS$792.9bUS$47.7b13.1x22.8x1.4x
Fri, 24 Nov 2023US$1.1tUS$792.6bUS$47.3b12.6x23x1.4x
Sun, 22 Oct 2023US$1.0tUS$804.2bUS$40.0b14.6x25.8x1.3x
Tue, 19 Sep 2023US$1.1tUS$799.3bUS$38.7b14.8x27.1x1.3x
Thu, 17 Aug 2023US$1.0tUS$799.0bUS$38.6b15.3x26.4x1.3x
Sat, 15 Jul 2023US$974.2bUS$781.6bUS$37.8b15.2x25.8x1.2x
Mon, 12 Jun 2023US$966.2bUS$774.5bUS$35.1b15.3x27.5x1.2x
Price to Earnings Ratio

27.5x


Total Market Cap: US$966.2bTotal Earnings: US$35.1bTotal Revenue: US$774.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Insurance Industry Price to Earnings3Y Average 17.4x202420252026
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 11.1x which is lower than its 3-year average PE of 17.4x.
  • 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-0.11%
Financials1.18%
Insurance0.087%
Insurance Brokers1.34%
Life and Health Insurance1.30%
Property and Casualty Insurance-0.58%
General Insurance-2.04%
Reinsurance-3.38%
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 13.7%, 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 10.5x.
Forecasted Growth
  • Analysts are most optimistic on the Insurance Brokers industry, expecting annual earnings growth of 14% 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
AJG Arthur J. GallagherUS$211.004.1%
+US$2.1b		-35.7%PE33.6x
AFL AflacUS$115.292.4%
+US$1.4b		12.8%PE12.7x
MET MetLifeUS$83.461.8%
+US$965.2m		6.2%PE15.6x
PRU Prudential FinancialUS$103.322.7%
+US$941.3m		-0.4%PE10.5x
ALL AllstateUS$210.841.7%
+US$916.4m		2.0%PE4.5x

Latest News

ACGL
US$88.34
Arch Capital Group
7D
-2.6%
1Y
-6.6%
WRB
US$66.31
W. R. Berkley
7D
3.1%
1Y
-10.2%
HIG
US$127.33
Hartford Insurance Group
7D
-1.3%
1Y
-0.6%
Narrative Update • Jun 04

HIG: Future Returns Will Reflect Funds Sale Proceeds And Resilient Margins

Analysts have nudged their blended price target on Hartford Insurance Group slightly lower, with the internal fair value estimate edging from $149.45 to $149.10 as recent research reports combine modest target cuts with a few small upward revisions. Analyst Commentary Recent Street research on Hartford Insurance Group reflects a mix of caution and support, with several firms trimming price targets while a few have nudged them higher.
PRU
US$103.32
Prudential Financial
7D
2.7%
1Y
-0.4%
MRSH
US$161.26
Marsh & McLennan Companies
7D
1.1%
1Y
-29.5%
AON
US$322.24
Aon
7D
1.2%
1Y
-13.0%
Seeking Alpha • Jun 03

Aon: Quality Business, But Valuation Leaves Little Margin Of Safety

Summary Aon plc demonstrates operational stability and high recurring revenues, but the current valuation fully reflects moderate growth prospects. Forward P/E of 20.3x and an EV/EBITDA of 14x indicate AON is not undervalued, with limited upside unless growth accelerates. High debt from the $13.4B NFP acquisition and rising administrative costs constrain profitability and restrict shareholder returns. While AON's business model is resilient, slow growth and integration risks suggest limited short-term share price appreciation. Read the full article on Seeking Alpha
MKL
US$1,778.35
Markel Group
7D
-3.7%
1Y
-8.2%
Narrative Update • Jun 02

MKL: AI And Specialty Focus Will Drive Upside Despite Governance Pressure

Analysts have trimmed their price target on Markel Group by $150, pointing to recent research that reflects a more neutral stance on the stock while largely reaffirming key valuation inputs. Analyst Commentary Recent research on Markel Group reflects a more neutral stance, with the trimmed price target largely reflecting updated assumptions rather than a wholesale change in thesis.
ALL
US$210.84
Allstate
7D
1.7%
1Y
2.0%
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.
MET
US$83.46
MetLife
7D
1.8%
1Y
6.2%
AJG
US$211.00
Arthur J. Gallagher
7D
4.1%
1Y
-35.7%
Narrative Update • Jun 01

AJG: AI Productivity And Resilient Broker Model Will Drive Future Upside

Analysts have trimmed the Arthur J. Gallagher price target by about $4 to reflect slightly lower fair value assumptions and a modestly higher discount rate, as recent sector research points to slower premium growth, underwriting-driven earnings, and recalibrated expectations for insurance brokers.
CB
US$314.50
Chubb
7D
-0.5%
1Y
7.9%
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.
LMND
US$51.57
Lemonade
7D
-11.1%
1Y
44.2%
EG
US$319.50
Everest Group
7D
-4.1%
1Y
-7.1%
AFL
US$115.29
Aflac
7D
2.4%
1Y
12.8%
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.
AIG
US$73.44
American International Group
7D
-1.3%
1Y
-14.0%
NP
US$24.08
Neptune Insurance Holdings
7D
-13.7%
1Y
n/a