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U.S. Insurance Industry Analysis

UpdatedMay 21, 2026
DataAggregated Company Financials
Companies129
  • 7D3.5%
  • 3M-0.6%
  • 1Y-7.1%
  • YTD-2.8%

In the last week, the Insurance industry is up 3.5%, with Chubb up 3.9%. During this same period, the Ethos Technologies underperformed, falling 18%. In the past year, the industry is down 7.1%. Looking forward, earnings are forecast to grow by 1.9% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 21 May 2026US$1.3tUS$959.6bUS$114.0b11.3x11.6x1.4x
Sat, 18 Apr 2026US$1.3tUS$948.6bUS$106.7b11.7x12.5x1.4x
Mon, 16 Mar 2026US$1.3tUS$946.2bUS$105.4b11.4x12.3x1.4x
Wed, 11 Feb 2026US$1.3tUS$945.7bUS$107.1b12.6x12.4x1.4x
Fri, 09 Jan 2026US$1.4tUS$931.1bUS$99.3b12.8x13.8x1.5x
Sun, 07 Dec 2025US$1.4tUS$931.1bUS$99.3b12.8x13.6x1.5x
Tue, 04 Nov 2025US$1.3tUS$928.3bUS$95.8b13.1x13.8x1.4x
Thu, 02 Oct 2025US$1.4tUS$919.1bUS$88.7b13.7x16.1x1.5x
Sat, 30 Aug 2025US$1.4tUS$919.0bUS$88.6b14.6x15.9x1.5x
Mon, 28 Jul 2025US$1.4tUS$912.4bUS$86.5b14.5x16.3x1.5x
Wed, 25 Jun 2025US$1.4tUS$904.1bUS$82.6b14.3x17.4x1.6x
Fri, 23 May 2025US$1.4tUS$902.8bUS$82.1b14.6x17.5x1.6x
Sun, 20 Apr 2025US$1.4tUS$898.5bUS$92.2b13.2x15.3x1.6x
Tue, 18 Mar 2025US$1.5tUS$897.3bUS$93.0b13.9x15.7x1.6x
Thu, 13 Feb 2025US$1.4tUS$886.8bUS$93.0b12.6x15x1.6x
Sat, 11 Jan 2025US$1.4tUS$892.9bUS$91.5b12.5x14.8x1.5x
Mon, 09 Dec 2024US$1.4tUS$893.2bUS$91.1b14.3x15.7x1.6x
Wed, 06 Nov 2024US$1.4tUS$884.9bUS$90.3b12.5x15x1.5x
Fri, 04 Oct 2024US$1.4tUS$855.0bUS$87.4b13.9x16x1.6x
Sun, 01 Sep 2024US$1.4tUS$855.4bUS$87.0b14.1x16x1.6x
Tue, 30 Jul 2024US$1.3tUS$844.5bUS$84.1b13.5x15.5x1.5x
Thu, 27 Jun 2024US$1.2tUS$823.4bUS$79.2b13.3x15x1.4x
Sat, 25 May 2024US$1.2tUS$823.4bUS$79.1b12.6x14.8x1.4x
Mon, 22 Apr 2024US$1.2tUS$797.7bUS$69.1b14.9x16.7x1.4x
Wed, 20 Mar 2024US$1.2tUS$792.7bUS$67.0b14.2x17.6x1.5x
Fri, 16 Feb 2024US$1.1tUS$782.1bUS$64.7b13.2x17.3x1.4x
Sun, 14 Jan 2024US$1.1tUS$790.2bUS$48.8b13.1x23.1x1.4x
Tue, 12 Dec 2023US$1.1tUS$792.9bUS$47.7b13.7x23.2x1.4x
Thu, 09 Nov 2023US$1.1tUS$792.2bUS$47.0b12.7x22.5x1.3x
Sat, 07 Oct 2023US$1.0tUS$799.1bUS$38.9b14.9x26.6x1.3x
Mon, 04 Sep 2023US$1.0tUS$799.3bUS$38.7b15.1x26.6x1.3x
Wed, 02 Aug 2023US$1.0tUS$789.3bUS$38.9b15.9x26.1x1.3x
Fri, 30 Jun 2023US$978.5bUS$777.7bUS$36.9b14.5x26.5x1.3x
Sun, 28 May 2023US$939.7bUS$774.5bUS$35.1b15.2x26.7x1.2x
Price to Earnings Ratio

26.7x


Total Market Cap: US$939.7bTotal Earnings: US$35.1bTotal Revenue: US$774.5bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Insurance Industry Price to Earnings3Y Average 17.6x202420252026
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 11.6x which is lower than its 3-year average PE of 17.6x.
  • 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-0.32%
Financials1.07%
Insurance3.52%
General Insurance5.87%
Insurance Brokers4.22%
Property and Casualty Insurance3.62%
Reinsurance3.55%
Life and Health Insurance2.44%
Industry PE
  • Investors are most optimistic about the Insurance Brokers industry even though it's trading below its 3-year average PE ratio of 36.1x.
    • Analysts are expecting annual earnings growth of 13.3%, which is lower than the prior year's growth of 54.7% per year.
  • Investors are most pessimistic about the Reinsurance industry, which is trading below its 3-year average of 10.8x.
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 55% per year.
  • In contrast, the Property and Casualty Insurance industry is expected to see its earnings decline by 4.4% 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$328.383.9%
+US$4.8b		13.1%PE11.3x
PGR ProgressiveUS$202.603.4%
+US$3.9b		-27.9%PE10.2x
AJG Arthur J. GallagherUS$203.616.0%
+US$3.0b		-39.7%PE32.5x
MET MetLifeUS$82.515.7%
+US$2.9b		5.9%PE15.5x
TRV Travelers CompaniesUS$306.964.0%
+US$2.5b		13.2%PE8.6x

Latest News

AON
US$321.15
Aon
7D
3.3%
1Y
-10.3%
KWY
US$10.24
Kingsway
7D
-8.5%
1Y
-9.7%
PGR
US$202.60
Progressive
7D
3.4%
1Y
-27.9%
Seeking Alpha • 21h

Progressive: Still The Motor King

Summary Progressive remains one of the most disciplined U.S. motor insurers, combining strong underwriting margins, with pricing power and high customer retention. Slower premium growth could pressure market sentiment, although Progressive's profitability profile remains among the strongest in the insurance industry. Despite softer market conditions, Progressive continues prioritizing underwriting discipline over aggressive premium expansion. Read the full article on Seeking Alpha
MRSH
US$163.38
Marsh & McLennan Companies
7D
2.7%
1Y
-28.7%
FG
US$27.88
F&G Annuities & Life
7D
-0.7%
1Y
-12.8%
OSCR
US$23.42
Oscar Health
7D
-0.8%
1Y
57.6%
LIFE
US$20.02
Ethos Technologies
7D
-18.1%
1Y
n/a
TRV
US$306.96
Travelers Companies
7D
4.0%
1Y
13.2%
AJG
US$203.61
Arthur J. Gallagher
7D
6.0%
1Y
-39.7%
HIT
US$1.01
Health In Tech
7D
-34.4%
1Y
49.2%
MET
US$82.51
MetLife
7D
5.7%
1Y
5.9%
ALL
US$221.98
Allstate
7D
3.0%
1Y
8.1%
Narrative Update • May 14

ALL: Share Repurchases And Higher Margins Will Drive Future Upside

Analysts have raised Allstate's price target slightly to about $241 from roughly $236, reflecting updated assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E expectations. What's in the News From October 1, 2025 to December 31, 2025, Allstate repurchased 2,128,193 shares, representing 0.81% of shares, for a total of US$434.72 million under its ongoing buyback program (Key Developments).
XZO
US$12.84
Exzeo Group
7D
-4.0%
1Y
n/a
TRUP
US$21.88
Trupanion
7D
-3.1%
1Y
-50.4%
Narrative Update • May 13

TRUP: Recalibrated Expectations And Higher Future P/E Will Support Long-Term Repricing

Analysts have lowered their fair value estimate for Trupanion from $63.00 to $52.00, citing updated price targets from several firms along with adjustments to discount rates, revenue growth, profit margin assumptions, and the stock's future P/E multiple. Analyst Commentary Recent Street research on Trupanion has centered on revised price targets that reflect updated assumptions for growth, margins, and valuation multiples.
ABX
US$8.86
Abacus Global Management
7D
-4.2%
1Y
5.2%
CB
US$328.38
Chubb
7D
3.9%
1Y
13.1%