Insurance Stocks
Top 10 of 54 KIE holdings, updated
As of 12 October 2026, insurance stocks are trailing the S&P 500, over the past month and over the longer run. KIE trails the S&P 500 by 4.6 points over one month and ranks #58 of 115 groups Zensei tracks. 28 of the 54 insurance stocks Zensei prices in KIE beat the fund this month.
Where insurance stocks stand now
As of 12 October 2026, Insurance (KIE) ranks #58 of the 115 groups Zensei tracks by one-month return against the S&P 500. It is out of favor: it trails the S&P 500 on both rotation windows — 4.6 points behind over the past month and 5.3 points behind over the longer, time-shifted window. That is the Underperformers quadrant.
On the shorter tape, KIE's momentum is weakening: the intraday trend that carried the move is cooling across the shorter windows. KIE's relative-strength line has broken below its long-term average — the long-term outperformance trend is no longer intact. Both signals point the same direction here: the market is not rewarding this group on either horizon.
The exposure comes via SPDR S&P Insurance ETF, whose 54 tracked holdings are led by The Baldwin Insurance Group Inc, Oscar Health Inc and Reinsurance Group of America Inc. Weighted by portfolio, the fund's holdings trade at roughly 10.2× earnings. The thing to watch from here is the one-month spread: underperformers only become interesting when the recent window turns positive first — until then, the market is voting elsewhere.
Top insurance stocks right now
The largest insurance stocks by weight in KIE, and the strongest over the past month. Size and recent return are measurements, not recommendations.
Largest by fund weight
Share of KIE
- 1The Baldwin Insurance Group IncBWIN2.2%
- 2Oscar Health IncOSCR2.0%
- 3Reinsurance Group of America IncRGA2.0%
- 4Skyward Specialty Insurance Group IncSKWD2.0%
- 5Siriuspoint LtdSPNT2.0%
Strongest this month
1-month return, holdings Zensei prices
- 1The Baldwin Insurance Group IncBWIN+7.4%
- 2Siriuspoint LtdSPNT+5.6%
- 3Skyward Specialty Insurance Group IncSKWD+5.5%
- 4Reinsurance Group of America IncRGA+4.5%
- 5Wr Berkley CorpWRB+4.5%
Insurance Stocks vs the S&P 500
Over the week to 12 October 2026, KIE rose 1.7% while the S&P 500 rose 0.4%. KIE and SPY (the S&P 500) over every window Zensei tracks. The spread is the difference: positive means KIE won that window.
Prices as of · computed from daily adjusted closes · how we measure
Insurance on the rotation map, against the 11 broad S&P 500 sectors. Vertical: 1-month spread vs the S&P 500. Horizontal: the longer, time-shifted window.
Are insurance stocks expensive?
The price-to-earnings ratio of KIE as a whole: the total price of its holdings over their total earnings, weighted by share of the fund. Holdings that lose money are left out.
KIE holdings: the insurance stocks inside
As of 12 October 2026, 28 of the 54 insurance stocks Zensei prices in KIE beat the fund over the past month. 9 of them beat the S&P 500. The strongest is The Baldwin Insurance Group Inc (BWIN); the weakest is Stewart Information Services Corp (STC). Inside the fund, the holdings split between winners and losers.
| # | Holding | Weight | 1M | 3M | vs fund 1M | Momentum | RS health |
|---|---|---|---|---|---|---|---|
| 1 | BWINThe Baldwin Insurance Group Inc | 2.2% | +7.4% | +16.6% | +9.9 pts | Fading | Fading |
| 2 | OSCROscar Health Inc | 2.0% | +3.7% | +7.6% | +6.2 pts | Cruising | Strong |
| 3 | RGAReinsurance Group of America Inc | 2.0% | +4.5% | +9.7% | +7.0 pts | Strong | Strong |
| 4 | SKWDSkyward Specialty Insurance Group Inc | 2.0% | +5.5% | +0.2% | |||
| 5 | SPNTSiriuspoint Ltd | 2.0% | +5.6% | +1.5% | |||
| 6 | MCYMercury General Corp | 1.9% | +0.4% | −6.6% | |||
| 7 | AIGAmerican International Group Inc | 1.9% | +3.8% | −2.1% | |||
| 8 | WRBWr Berkley Corp | 1.9% | +4.5% | −1.1% | |||
| 9 | METMetlife Inc | 1.9% | +3.1% | +8.3% | |||
| 10 | RNRRenaissancere Holdings Ltd | 1.9% | +4.4% | +5.8% |
All 54 KIE holdings by weight: The Baldwin Insurance Group Inc (BWIN) 2.2%, Oscar Health Inc (OSCR) 2.0%, Reinsurance Group of America Inc (RGA) 2.0%, Skyward Specialty Insurance Group Inc (SKWD) 2.0%, Siriuspoint Ltd (SPNT) 2.0%, Mercury General Corp (MCY) 1.9%, American International Group Inc (AIG) 1.9%, Wr Berkley Corp (WRB) 1.9%, Metlife Inc (MET) 1.9%, Renaissancere Holdings Ltd (RNR) 1.9%, Unum Group (UNM) 1.9%, Progressive Corp (PGR) 1.9%, White Mountains Insurance Group Ltd (WTM) 1.9%, American Financial Group Inc (AFG) 1.9%, Chubb Ltd (CB) 1.9%, Everest Group Ltd (EG) 1.9%, Marsh (MRSH) 1.9%, The Travelers Companies Inc (TRV) 1.9%, Aflac Inc (AFL) 1.9%, Arch Capital Group Ltd (ACGL) 1.9%, Loews Corp (L) 1.9%, The Hanover Insurance Group Inc (THG) 1.9%, Axis Capital Holdings Ltd (AXS) 1.9%, Brighthouse Financial Inc Registered Shs When Issued (BHF) 1.9%, Cno Financial Group Inc (CNO) 1.9%, Markel Group Inc (MKL) 1.9%, Kemper Corp (KMPR) 1.9%, Globe Life Inc (GL) 1.9%, Assured Guaranty Ltd (AGO) 1.8%, Cincinnati Financial Corp (CINF) 1.8%, Prudential Financial Inc (PRU) 1.8%, Assurant Inc (AIZ) 1.8%, Palomar Holdings Inc (PLMR) 1.8%, Principal Financial Group Inc (PFG) 1.8%, Ryan Specialty Holdings Inc (RYAN) 1.8%, Lemonade Inc (LMND) 1.8%, Primerica Inc (PRI) 1.8%, Lincoln National Corp (LNC) 1.8%, Brown & Brown Inc (BRO) 1.8%, Willis Towers Watson PLC (WTW) 1.8%, Selective Insurance Group Inc (SIGI) 1.8%, Arthur J. Gallagher & Co (AJG) 1.8%, The Hartford Insurance Group Inc (HIG) 1.8%, Kinsale Capital Group Inc (KNSL) 1.8%, Old Republic International Corp (ORI) 1.8%, Genworth Financial Inc (GNW) 1.8%, Horace Mann Educators Corp (HMN) 1.8%, Rli Corp (RLI) 1.8%, Erie Indemnity Co (ERIE) 1.7%, Aon PLC (AON) 1.7%, Allstate Corp (ALL) 1.7%, Fidelity National Financial Inc (FNF) 1.7%, First American Financial Corp (FAF) 1.7%, Stewart Information Services Corp (STC) 1.4%.
Insurance Stocks: common questions
What are the top 3 insurance stocks?
As of 12 October 2026, the three largest insurance stocks in KIE by fund weight are The Baldwin Insurance Group Inc (BWIN) (2.2%), Oscar Health Inc (OSCR) (2.0%) and Reinsurance Group of America Inc (RGA) (2.0%). Fund weight shows size inside the fund, not a recommendation.
Which insurance stocks are beating the sector?
As of 12 October 2026, 28 of the 54 insurance stocks Zensei prices in KIE beat the fund over the past month. The strongest over the past month is The Baldwin Insurance Group Inc (BWIN). The list above shows every holding with its weight and returns.
Are insurance stocks outperforming the S&P 500?
No. As of 12 October 2026, KIE trails the S&P 500 by 4.6 points over the past month.
Is it a good time to invest in insurance stocks?
Zensei does not give investment advice, but it measures the trend. As of 12 October 2026, insurance stocks are behind the S&P 500 on both the recent and the longer window. The rotation map and the read on this page show whether that trend is building or fading.
What is KIE?
KIE is SPDR S&P Insurance ETF. Zensei uses it to measure insurance stocks against the S&P 500 (SPY).
What stocks does KIE own?
As of 12 October 2026, the largest of the 54 positions Zensei tracks in KIE are The Baldwin Insurance Group Inc, Oscar Health Inc, Reinsurance Group of America Inc, Skyward Specialty Insurance Group Inc, Siriuspoint Ltd. Each position measured against the fund, with momentum and relative strength, is part of Zensei Premium.
What quadrant is insurance in right now?
As of 12 October 2026, insurance is in the Underperformers quadrant — trailing the S&P 500 on both windows. The Zensei methodology page explains the quadrants.
Recent changes
- ·First tracked: trailing the market
Related sectors
Track insurance against the whole market
Zensei Edge maps 100+ sectors and themes against the S&P 500 — with the stocks inside each one, rotation history and alerts when leadership changes hands.