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U.S. Insurance Brokers Industry Analysis

UpdatedApr 05, 2026
DataAggregated Company Financials
Companies29
  • 7D3.7%
  • 3M-12.5%
  • 1Y-25.4%
  • YTDn/a

In the last week, the Insurance Brokers industry is up 3.7%, with Arthur J. Gallagher leading the way, up 5.1%. In the past year, the industry is down 25%. Earnings are forecast to grow by 13% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 05 Apr 2026US$286.8bUS$86.4bUS$11.2b21.5x25.6x3.3x
Tue, 03 Mar 2026US$303.7bUS$86.2bUS$11.2b19.5x27.1x3.5x
Thu, 29 Jan 2026US$308.1bUS$84.3bUS$10.8b23x28.4x3.7x
Sat, 27 Dec 2025US$328.6bUS$83.5bUS$10.7b25x30.6x3.9x
Mon, 24 Nov 2025US$318.3bUS$83.4bUS$10.7b24.4x29.8x3.8x
Wed, 22 Oct 2025US$330.3bUS$82.6bUS$9.9b28.9x33.4x4x
Fri, 19 Sep 2025US$344.8bUS$82.0bUS$10.0b29.2x34.6x4.2x
Sun, 17 Aug 2025US$356.3bUS$81.9bUS$9.8b31.6x36.4x4.4x
Tue, 15 Jul 2025US$358.3bUS$79.4bUS$9.3b28.3x38.5x4.5x
Thu, 12 Jun 2025US$359.4bUS$79.4bUS$9.3b30.2x38.7x4.5x
Sat, 10 May 2025US$371.9bUS$79.3bUS$9.2b31.3x40.3x4.7x
Mon, 07 Apr 2025US$375.5bUS$77.3bUS$9.1b48.1x41.1x4.9x
Wed, 05 Mar 2025US$398.6bUS$77.3bUS$9.0b46.7x44.1x5.2x
Fri, 31 Jan 2025US$354.6bUS$75.2bUS$7.8b30.4x45.5x4.7x
Sun, 29 Dec 2024US$337.9bUS$74.5bUS$7.8b30.6x43.3x4.5x
Tue, 26 Nov 2024US$344.1bUS$74.5bUS$7.7b32.7x44.7x4.6x
Thu, 24 Oct 2024US$342.7bUS$73.0bUS$9.5b27.2x36.2x4.7x
Sat, 21 Sep 2024US$337.6bUS$72.7bUS$9.4b27.1x35.7x4.6x
Mon, 19 Aug 2024US$331.9bUS$72.7bUS$9.4b26.7x35.2x4.6x
Wed, 17 Jul 2024US$249.9bUS$57.5bUS$6.5b28.3x38.3x4.3x
Fri, 14 Jun 2024US$239.6bUS$57.5bUS$6.5b27.3x36.7x4.2x
Sun, 12 May 2024US$234.1bUS$57.5bUS$6.5b26.5x35.9x4.1x
Tue, 09 Apr 2024US$232.5bUS$55.9bUS$6.1b27.6x37.8x4.2x
Thu, 07 Mar 2024US$231.4bUS$55.6bUS$6.1b26.7x37.8x4.2x
Sat, 03 Feb 2024US$214.0bUS$55.0bUS$6.1b25.4x34.8x3.9x
Mon, 01 Jan 2024US$207.6bUS$54.0bUS$5.9b24.1x35.3x3.8x
Wed, 29 Nov 2023US$220.8bUS$54.0bUS$5.9b24.1x37.4x4.1x
Fri, 27 Oct 2023US$205.8bUS$53.3bUS$5.7b22.9x35.9x3.9x
Sun, 24 Sep 2023US$213.4bUS$51.9bUS$5.6b26.7x38.2x4.1x
Tue, 22 Aug 2023US$202.7bUS$51.8bUS$5.5b28.1x36.5x3.9x
Thu, 20 Jul 2023US$203.3bUS$50.4bUS$5.6b25x36.5x4x
Sat, 17 Jun 2023US$199.7bUS$50.4bUS$5.5b24.9x36.1x4x
Mon, 15 May 2023US$199.9bUS$50.4bUS$5.5b27.8x36.1x4x
Wed, 12 Apr 2023US$188.2bUS$49.3bUS$5.3b24.7x35.8x3.8x
Price to Earnings Ratio

35.8x


Total Market Cap: US$188.2bTotal Earnings: US$5.3bTotal Revenue: US$49.3bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Insurance Brokers Industry Price to Earnings3Y Average 36.5x202420252026
Current Industry PE
  • Investors are pessimistic on the American Insurance Brokers 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 25.6x which is lower than its 3-year average PE of 36.5x.
  • The 3-year average PS ratio of 4.2x is higher than the industry's current PS ratio of 3.3x.
Past Earnings Growth
  • The earnings for companies in the Insurance Brokers industry have grown 29% per year over the last three years.
  • Revenues for these companies have grown 21% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does U.S. Insurance Brokers compare with similar industries?

US Market3.46%
Financials3.50%
Insurance2.75%
Insurance Brokers3.67%
Life and Health Insurance3.88%
Reinsurance3.22%
Property and Casualty Insurance2.02%
General Insurance1.89%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
AJG Arthur J. GallagherUS$217.615.1%
+US$2.7b		-31.8%PE37.4x
MRSH Marsh & McLennan CompaniesUS$174.613.2%
+US$2.6b		-24.1%PE20.3x
AON AonUS$323.143.0%
+US$2.0b		-14.0%PE18.7x
BRO Brown & BrownUS$65.954.0%
+US$855.7m		-42.7%PE21.5x
WTW Willis Towers WatsonUS$288.642.3%
+US$608.6m		-6.5%PE16.9x

Latest News

ZBAO
US$0.72
Zhibao Technology
7D
-8.7%
1Y
-23.3%
AJG
US$217.61
Arthur J. Gallagher
7D
5.1%
1Y
-31.8%

AJG: AI Productivity And Broker Resilience Are Expected To Drive 2026 Upside

The analyst price target for Arthur J. Gallagher has been reduced by about $3 to reflect updated Street views that balance softer insurance pricing, AI-related disruption risks, and integration headwinds with what analysts describe as a resilient broker model and potential productivity gains from AI.
WTW
US$288.64
Willis Towers Watson
7D
2.3%
1Y
-6.5%
MRSH
US$174.61
Marsh & McLennan Companies
7D
3.2%
1Y
-24.1%

MRSH: Earnings Should Stay Resilient As AI Drives Broker Productivity

The analyst price target for Marsh & McLennan Companies has been trimmed slightly, with a modest reduction of around $1 per share as analysts factor in more tempered assumptions for revenue growth and profit margins, while still highlighting AI driven productivity potential and the resilience of the broker business model. Analyst Commentary Recent research suggests that views on Marsh & McLennan are split, with price targets moving both up and down as analysts reassess growth, margins, and the impact of AI on the broker model.
BWIN
US$22.35
Baldwin Insurance Group
7D
6.0%
1Y
-48.0%

BWIN: Share Repurchases And CAC Merger Synergies Will Drive 2026 Earnings Power

Narrative Update on Baldwin Insurance Group Analyst price targets for Baldwin Insurance Group are now clustering around $40, with recent research pointing to current valuation, the expected 2026 growth profile, and merger driven revenue synergies as key reasons for maintaining a constructive view, despite prior target cuts tied to AI related concerns and softer near term organic growth. Analyst Commentary Bullish analysts are leaning into a constructive view on Baldwin Insurance Group, even as some targets have been reset to reflect sector wide AI concerns and softer near term organic growth.
GOCO
US$1.28
GoHealth
7D
-18.0%
1Y
-86.9%
AON
US$323.14
Aon
7D
3.0%
1Y
-14.0%
BRO
US$65.95
Brown & Brown
7D
4.0%
1Y
-42.7%
EHTH
US$1.26
eHealth
7D
-1.6%
1Y
-78.6%
RYAN
US$33.51
Ryan Specialty Holdings
7D
5.6%
1Y
-52.5%

RYAN: AI Productivity And Capital Returns Will Support Future Repricing

Analysts have lowered price targets on Ryan Specialty Holdings by roughly $5 to $15 to reflect concerns about slower excess and surplus market growth and fears of AI-related disruption, even as some point to potential support from AI-driven productivity and margins that appear more resilient than recent trading suggests. Analyst Commentary Recent Street research on Ryan Specialty reflects a clear tilt toward more cautious views, with several firms cutting price targets and, in at least one case, lowering the stock rating.
ABX
US$8.09
Abacus Global Management
7D
-3.0%
1Y
14.3%

ABX: New Share Repurchase Plan Will Support Forward Upside Potential

Analysts have revised their price target for Abacus Global Management to $11.00, reflecting updated assumptions that include more moderate revenue growth and profit margins, as well as a slightly lower future P/E multiple, while the fair value estimate remains unchanged at $11.00. What's in the News Abacus Global Management completed a share repurchase of 680,036 shares, representing 0.7% of shares, for $5.54 million under the buyback announced on November 7, 2025 (Key Developments).
HUIZ
US$1.43
Huize Holding
7D
-13.3%
1Y
-35.3%
XHG
US$0.85
XChange TEC.INC
7D
-6.0%
1Y
-96.1%
MAAS
US$5.90
Maase
7D
6.9%
1Y
n/a