Insurance Industry Report
Market Cap: $3.0T
Stocks: 132
Median P/E: 9.6x
Median ROIC: 9.8%
Data sourced from SEC EDGAR filings. Report refreshed weekly.
Part of the Financials sector.
Performance Dashboard
| Period | Sector (MCW) | Sector (Median) |
|---|---|---|
| 1 Day | +0.1% | 0.0% |
| 1 Week | -1.0% | +0.0% |
| 1 Month | — | — |
| 3 Months | — | — |
| 6 Months | — | — |
| YTD | +0.9% | +0.2% |
| 1 Year | -8.1% | +0.9% |
| 3 Years | +48.8% | +36.6% |
| 5 Years | +73.9% | +30.1% |
Today's Breadth: 59 advancing · 65 declining · 7 flat
Valuation Summary
| Metric | Median | P25 | P75 | vs 5Y Avg |
|---|---|---|---|---|
| P/E | 9.6x | 1.9x | 15.7x | -15% |
| P/B | 1.3x | 0.4x | 2.1x | +4% |
| P/S | 0.8x | 0.3x | 1.8x | — |
| P/FCF | 5.9x | 1.3x | 9.8x | — |
| EV/EBITDA | 7.7x | 4.4x | 12.8x | — |
| EV/EBIT | 8.6x | 5.2x | 13.6x | — |
Earnings Yield
8.9%
FCF Yield
11.0%
Below Fair Value
39% of stocks
Profitability Profile
Margins
| Metric | Median | 5Y Avg | P25 | P75 |
|---|---|---|---|---|
| Gross Margin | 16.0% | 15.3% | 10.0% | 37.2% |
| Operating Margin | 12.1% | — | 4.0% | 21.0% |
| Net Margin | 9.0% | 8.1% | 4.6% | 17.5% |
| FCF Margin | 15.0% | — | 4.4% | 23.2% |
Returns on Capital
| Metric | Median | 5Y Avg | P25 | P75 |
|---|---|---|---|---|
| ROE | 11.9% | — | 7.0% | 19.4% |
| ROA | 2.7% | — | 0.5% | 5.3% |
| ROIC | 9.8% | 8.9% | 5.9% | 16.6% |
Growth Metrics
| Metric | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|
| Revenue | +7.0% | +9.2% | +8.3% |
| EPS | +26.1% | +11.9% | +14.8% |
| Free Cash Flow | +7.2% | +10.0% | +6.4% |
All values represent sector median growth rates.
Balance Sheet Health
Debt / Equity
0.3x
Net Debt / EBITDA
-1.1x
Interest Coverage
8.2x
Current Ratio
1.6x
Altman Z-Score
Safe (>3): 0 (0%)
Gray (1.8–3): 1 (17%)
Distress (<1.8): 5 (83%)
Piotroski F-Score
Strong (7–9): 18 (14%)
Moderate (4–6): 88 (67%)
Weak (0–3): 26 (20%)
Top Companies
| Symbol | #▲ | Mkt Cap | P/E | EV/EBITDA | ROIC | Net Mgn | Rev Gr. | Div Yld | YTD | Qual. |
|---|---|---|---|---|---|---|---|---|---|---|
| BRK-B | 1 | $1.1T | 0.0x | 11.7x | 9.8% | 18.0% | 0.0% | — | +0.1% | 5/9 |
| UNH | 2 | $285.2B | 25.1x | 15.4x | 7.0% | 2.7% | +11.8% | 2.6% | +3.8% | 3/9 |
| CB | 3 | $132.5B | 12.2x | 85.0x | 12.3% | 17.4% | +6.5% | 1.2% | +0.4% | 5/9 |
| PGR | 4 | $117.4B | 11.1x | 8.4x | 40.5% | 12.9% | +16.3% | 6.5% | -0.7% | 5/9 |
| CI | 5 | $73.9B | 12.5x | 8.2x | 8.4% | 2.2% | +11.2% | 2.2% | -0.9% | 3/9 |
| ELV | 6 | $71.0B | 13.9x | 8.6x | 7.8% | 2.8% | +12.5% | 1.9% | +2.7% | 4/9 |
| AON | 7 | $70.6B | 20.9x | 20.0x | 15.9% | 21.5% | +9.4% | 0.8% | +1.7% | 5/9 |
| TRV | 8 | $69.1B | 10.7x | 8.3x | 20.7% | 12.9% | +5.2% | 1.5% | +1.4% | 5/9 |
| AFL | 9 | $60.0B | 16.0x | -0.8x | 10.2% | 21.2% | -9.3% | 2.1% | -0.1% | 3/9 |
| AJG | 10 | $57.9B | 45.5x | 26.5x | 4.4% | 10.7% | +20.7% | 1.0% | +2.4% | 2/9 |
| ALL | 11 | $57.4B | 5.5x | 4.2x | 30.1% | 15.0% | +5.6% | 1.9% | +1.1% | 4/9 |
| MET | 12 | $50.8B | 16.9x | 6.2x | 7.4% | 4.1% | +8.6% | 2.8% | +0.7% | 3/9 |
| AIG | 13 | $44.4B | 15.9x | 6.5x | 6.1% | 11.6% | -1.8% | 2.0% | +0.2% | 5/9 |
| HIG | 14 | $39.8B | 10.4x | 7.7x | 17.3% | 13.4% | +6.9% | 1.6% | +0.7% | 5/9 |
| ACGL | 15 | $36.5B | 8.3x | 0.5x | 17.3% | 21.9% | +14.3% | 0.1% | -0.8% | 5/9 |
| AEFC | 16 | $35.7B | — | — | 10.8% | — | — | — | +1.2% | 0/9 |
| PRU | 17 | $35.3B | 11.3x | 7.2x | 7.3% | 5.9% | -13.7% | 4.8% | +2.3% | 2/9 |
| WTW | 18 | $28.4B | 20.4x | 13.6x | 11.9% | 16.5% | -2.2% | 1.1% | -3.7% | 4/9 |
| WRB | 19 | $26.8B | 15.8x | 11.2x | 17.7% | 12.1% | +7.8% | 2.6% | +0.2% | 5/9 |
| CINF | 20 | $25.8B | 10.9x | 8.0x | 15.2% | 18.9% | +11.4% | 2.1% | +0.3% | 4/9 |
Industry Composition
| Industry | Stocks | Market Cap | % | |
|---|---|---|---|---|
| Fire, Marine & Casualty Insurance | 66 | $1.8T | 61.8% | |
| Hospital & Medical Service Plans | 10 | $490.9B | 16.6% | |
| Life Insurance | 25 | $276.1B | 9.3% | |
| Insurance Agents, Brokers & Service | 17 | $223.8B | 7.6% | |
| Accident & Health Insurance | 6 | $104.4B | 3.5% | |
| Surety Insurance | 8 | $35.4B | 1.2% |
Quality Distribution
0
1
2
3
4
5
6
7
8
9
Quality Score (0-9)
High Quality (7+)
2%
Median Piotroski F
5/9
Profitable Years
8 of 10
Dividends & Shareholder Returns
Paying Dividends
64%
Median Div Yield
2.2%
Median Buyback Yield
2.7%
Shareholder Yield
4.2%
Payout Ratio
28.7%
Div Growth (3Y)
7.4%
Div Growth (5Y)
7.6%
Strengths & Weaknesses
Strengths
- +[Shareholder Returns]Generous capital returns with a median shareholder yield (dividends + buybacks) of 4.2%, rewarding investors through multiple channels.
Weaknesses
- −[Financial Health]83.3% of companies fall in the Altman Z-Score distress zone (<1.8), indicating elevated bankruptcy risk within the sector.
- −[Profitability]Thin margins with a median gross margin of 16.0%, typical of commodity-like or price-competitive industries.
- −[Quality]Only 1.5% of companies score 7+ on the quality checklist, reflecting structural challenges in achieving consistent returns across the sector.