Core Viewpoint - The Zacks Multiline Insurance industry is experiencing growth driven by product diversification, digitalization, and increased demand for embedded insurance, with projected global premiums from embedded insurance expected to exceed $722 billion by 2030 [1]. Industry Overview - The Zacks Multiline Insurance industry includes companies that provide bundled insurance coverage for various needs, improving customer retention and offering lower premium payments compared to individual policies [3]. - The industry is characterized by diversified product and service portfolios, which help lower concentration risk and enhance sales and premiums, particularly in life insurance [4]. Trends Shaping the Industry - The transition to green energy and related insurance products, along with the rise of cyber insurance due to increased AI adoption, presents growth opportunities [4]. - The industry is expected to see continued consolidation as companies seek to diversify operations and gain market share, with a rise in technology-driven deals anticipated by 2025 [5]. - Digitalization is significantly impacting the industry, with the adoption of technologies like AI and blockchain to enhance operations and reduce costs [6]. Financial Performance - The Multiline Insurance industry has underperformed compared to the Finance sector and the S&P 500 year to date, with a collective gain of 1.7% against the sector's 8.4% and the S&P 500's 6.9% [9]. - The industry is currently trading at a price-to-book (P/B) ratio of 2.37X, significantly lower than the S&P 500's 7.37X and the sector's 4.23X [12]. Company Highlights - **American International Group (AIG)**: Expected earnings growth of 24.2% and 25.9% for 2025 and 2026, respectively, with a long-term growth rate of 14.8% [19]. - **Prudential Financial (PRU)**: Anticipates 5% to 8% core adjusted operating EPS growth through 2027, with earnings growth estimates of 8% and 8.5% for 2025 and 2026 [23]. - **Principal Financial Group (PFG)**: Projected earnings growth of 17.6% and 11.5% for 2025 and 2026, respectively, with a long-term growth rate of 12.7% [27]. - **Everest Group (EG)**: Expected to see earnings growth of 52% and 35.7% for 2025 and 2026, with a long-term growth rate of 29.7% [31]. - **Assurant (AIZ)**: Forecasted earnings decrease of 17.6% for 2025, but growth in connected living and global automotive sectors is expected to support overall performance [35].