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U.S. Insurance Industry Analysis

UpdatedAug 04, 2026
DataAggregated Company Financials
Companies127
  • 7D-2.9%
  • 3M14.1%
  • 1Y8.8%
  • YTD8.3%

In the last week, the Insurance industry is down 2.9% with Chubb down the most at 4.2%. In contrast, Willis Towers Watson has gained 8.1%. In the past year, the industry has gained 8.8%. Looking forward, earnings are forecast to grow by 1.5% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 04 Aug 2026US$1.5tUS$966.5bUS$116.5b12x12.5x1.5x
Thu, 02 Jul 2026US$1.4tUS$958.6bUS$113.9b12.1x12.1x1.4x
Sat, 30 May 2026US$1.3tUS$959.6bUS$114.0b10.7x11.2x1.3x
Mon, 27 Apr 2026US$1.3tUS$951.4bUS$108.6b11.6x12.2x1.4x
Wed, 25 Mar 2026US$1.3tUS$946.4bUS$105.4b10.8x12.2x1.4x
Fri, 20 Feb 2026US$1.3tUS$950.3bUS$106.1b12.4x12.7x1.4x
Sun, 18 Jan 2026US$1.3tUS$931.1bUS$99.3b12.6x13.5x1.4x
Tue, 16 Dec 2025US$1.4tUS$931.1bUS$99.3b13.6x14.1x1.5x
Thu, 13 Nov 2025US$1.4tUS$931.8bUS$100.0b13.3x13.7x1.5x
Sat, 11 Oct 2025US$1.4tUS$919.0bUS$88.6b13.8x16x1.5x
Mon, 08 Sep 2025US$1.4tUS$919.1bUS$88.6b14.4x15.8x1.5x
Wed, 06 Aug 2025US$1.4tUS$917.0bUS$88.7b14.1x15.4x1.5x
Fri, 04 Jul 2025US$1.4tUS$903.0bUS$82.1b14.6x17.3x1.6x
Sun, 01 Jun 2025US$1.5tUS$902.7bUS$82.3b15.1x17.6x1.6x
Tue, 29 Apr 2025US$1.4tUS$903.9bUS$90.7b13.7x15.4x1.5x
Thu, 27 Mar 2025US$1.5tUS$897.3bUS$93.0b14.1x15.9x1.6x
Sat, 22 Feb 2025US$1.4tUS$895.9bUS$94.5b12.3x14.7x1.6x
Mon, 20 Jan 2025US$1.4tUS$892.9bUS$91.5b13.1x15.1x1.5x
Wed, 18 Dec 2024US$1.4tUS$893.2bUS$91.1b12.9x15.1x1.5x
Fri, 15 Nov 2024US$1.4tUS$891.6bUS$91.0b13.3x15.6x1.6x
Sun, 13 Oct 2024US$1.4tUS$855.0bUS$87.4b13.9x16x1.6x
Tue, 10 Sep 2024US$1.4tUS$855.4bUS$87.0b14.2x15.9x1.6x
Thu, 08 Aug 2024US$1.3tUS$852.1bUS$86.8b13.4x14.6x1.5x
Sat, 06 Jul 2024US$1.2tUS$823.2bUS$79.2b13.3x14.8x1.4x
Mon, 03 Jun 2024US$1.2tUS$823.4bUS$79.2b12.9x15.1x1.5x
Wed, 01 May 2024US$1.1tUS$805.8bUS$72.2b14.1x15.8x1.4x
Fri, 29 Mar 2024US$1.2tUS$792.6bUS$67.0b15.2x17.9x1.5x
Sun, 25 Feb 2024US$1.1tUS$791.5bUS$65.5b14.3x17.4x1.4x
Tue, 23 Jan 2024US$1.2tUS$790.2bUS$48.8b13.4x23.7x1.5x
Thu, 21 Dec 2023US$1.1tUS$792.9bUS$47.7b13.1x22.9x1.4x
Sat, 18 Nov 2023US$1.1tUS$792.6bUS$47.3b13x22.8x1.4x
Mon, 16 Oct 2023US$1.0tUS$802.3bUS$39.9b15x26.3x1.3x
Wed, 13 Sep 2023US$1.0tUS$799.3bUS$38.7b14.6x26.6x1.3x
Fri, 11 Aug 2023US$1.0tUS$799.0bUS$38.5b14.6x26.4x1.3x
Price to Earnings Ratio

26.4x


Total Market Cap: US$1.0tTotal Earnings: US$38.5bTotal Revenue: US$799.0bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Insurance Industry Price to Earnings3Y Average 16.6x202420252026
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 12.5x which is lower than its 3-year average PE of 16.6x.
  • 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 45% per year over the last three years.
  • Revenues for these companies have grown 6.6% 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 Market2.39%
Financials-0.28%
Insurance-2.91%
Life and Health Insurance-0.45%
General Insurance-1.32%
Insurance Brokers-2.37%
Property and Casualty Insurance-3.86%
Reinsurance-4.74%
Industry PE
  • Investors are most optimistic about the Insurance Brokers industry even though it's trading below its 3-year average PE ratio of 35.5x.
    • Analysts are expecting annual earnings growth of 13.9%, which is lower than the prior year's growth of 50.4% per year.
  • Investors are most pessimistic about the Reinsurance industry, which is trading below its 3-year average of 9.4x.
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 50% per year.
  • In contrast, the Property and Casualty Insurance industry is expected to see its earnings decline by 6.3% 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
WTW Willis Towers WatsonUS$341.638.1%
+US$1.9b		5.3%PE20.3x
LNC Lincoln NationalUS$46.097.6%
+US$634.1m		18.8%PE3.9x
MAAS MaaseUS$18.498.1%
+US$614.6m		n/aPS8340.9x
PRCH Porch GroupUS$16.0727.2%
+US$442.5m		22.1%PS3.6x
GL Globe LifeUS$184.092.7%
+US$382.0m		32.0%PE11.8x

Latest News

PRCH
US$16.07
Porch Group
7D
27.2%
1Y
22.1%
UNM
US$90.11
Unum Group
7D
2.5%
1Y
28.7%
WTW
US$341.63
Willis Towers Watson
7D
8.1%
1Y
5.3%
AJG
US$247.79
Arthur J. Gallagher
7D
-6.6%
1Y
-13.3%
THG
US$232.33
Hanover Insurance Group
7D
3.6%
1Y
35.7%
MRSH
US$192.84
Marsh & McLennan Companies
7D
0.3%
1Y
-3.8%
LNC
US$46.09
Lincoln National
7D
7.6%
1Y
18.8%
Seeking Alpha • Aug 01

Lincoln National's Reinsurance Deal Unlocks Further Upside

Summary Lincoln National executed a transformative $5.8B reinsurance deal, improving capital efficiency and freeing up resources for higher-return products. Q2 results were strong: EPS of $2.24 beat by $0.28, revenue grew 12%, and operating income rose for the 8th consecutive quarter. LNC’s capital actions, including preferred stock redemption and a secure 3.9% dividend, position it for resumed share repurchases and enhanced free cash flow. With a raised $50 price target and ongoing 'buy' rating, I see low-teens total return potential over the next year. Read the full article on Seeking Alpha
CB
US$348.23
Chubb
7D
-4.2%
1Y
30.1%
Seeking Alpha • Jul 31

Chubb: Close To Perfection

Summary Chubb Limited represents a great opportunity at this point due to cheap valuation and relentless growth. Financial discipline might generate great results as the new insurance cycle continues to develop. The stock is a great, solid buy; the management is aligned to shareholders' objectives. Read the full article on Seeking Alpha
AON
US$357.63
Aon
7D
-6.2%
1Y
-1.1%
Narrative Update • Jul 31

AON: Fair Value View Weighs Soft Market Pressures And Reinsurance Opportunities

Aon’s updated analyst price target edges higher to about $399 from roughly $390, as analysts factor in their raised long term EPS assumptions and revised P/E expectations following recent Q2 results and broader insurance broker sector reviews. Analyst Commentary Recent research on Aon highlights a mix of optimism on earnings power and concern around sector conditions, which helps explain the cluster of price targets between about $339 and $426.
MKL
US$1,879.09
Markel Group
7D
-7.9%
1Y
-3.1%
ACGL
US$101.12
Arch Capital Group
7D
-5.0%
1Y
14.1%
PGR
US$210.46
Progressive
7D
-4.1%
1Y
-13.4%
GL
US$184.09
Globe Life
7D
2.7%
1Y
32.0%
Narrative Update • Jul 28

GL: Earnings Miss Share Repurchases And Guidance Will Shape Future Returns

Analysts have raised their price target for Globe Life from $172.10 to approximately $190.09, reflecting updated models that incorporate a slightly higher discount rate, modestly different expectations for revenue growth and profit margins, and a higher assumed future P/E multiple. What’s in the News for Globe Life Globe Life shares fell 7.2% after reporting Q2 2026 net operating income of $3.61 per diluted share, which missed the $3.79 consensus estimate by 4.7%.
TRV
US$373.82
Travelers Companies
7D
-5.9%
1Y
41.0%
MAAS
US$18.49
Maase
7D
8.1%
1Y
n/a
ALL
US$262.68
Allstate
7D
-3.6%
1Y
27.8%
Narrative Update • Jul 21

ALL: Future Upside Seen From Underwriting Earnings Strength And Ongoing Buybacks

Analysts have lifted their fair value estimate for Allstate from $297.17 to $315.56, citing updated assumptions around revenue growth, profit margins, the discount rate, and the stock's potential future P/E multiple. What’s in the News for Allstate Allstate reported premium growth in its Property Liability segment, with earned premiums up 5.5% in Q1 2026 and underwriting income improving, supported by rate actions, broader product offerings, and expanded distribution, according to recent coverage.