Observatory · observe first

Follow the allocation change

Matched S&P 500 members → sector → industry → sub-industry → company. Each step uses the same percentage points.

Historical time machine

Historical observation

20182026

Universe›Financials›Property & Casualty Insurance›Property & Casualty Insurance

1 · Sector

Weight and 12M allocation change

Health Care18.1%+1.27 pp Utilities3.8%+0.64 pp Information Technology17.5%+0.52 pp Real Estate3.7%+0.46 pp Materials2.5%+0.41 pp Communication Services3.6%+0.24 pp Consumer Discretionary7.1%+0.12 pp Energy4.3%-0.09 pp Consumer Staples8.8%-0.25 pp Industrials14.2%-1.17 pp Financials16.5%-2.16 pp

2 · Industry

Inside Financials

Diversified Banks6.84%-1.63 pp Investment Banking & Brokerage1.24%-0.45 pp Transaction & Payment Processing Services1.97%+0.43 pp Asset Management & Custody Banks0.95%-0.28 pp Regional Banks0.63%-0.17 pp Multi-line Insurance0.34%-0.09 pp Financial Exchanges & Data0.97%+0.08 pp Consumer Finance0.89%-0.07 pp Insurance Brokers0.60%+0.06 pp Property & Casualty Insurance1.17%-0.03 pp Reinsurance0.05%-0.01 pp Life & Health Insurance0.83%-0.00 pp Multi-Sector Holdings0.00%-0.00 pp

3 · Sub-industry

Inside Property & Casualty Insurance

Property & Casualty Insurance1.17%-0.032 pp

Concentrated

Most of this industry's losses came from a few companies.

View all contributions →

Property & Casualty Insurance · weight

1.17%

Industry change · 12M

-0.03 pp

Property & Casualty Insurance · contribution

-0.032 pp

Company participation

100%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Feb 2019 · sorted by absolute contribution to 12-month change

Company	Country	Market cap	Universe weight	3M contribution	12M contribution	12M price return	Above 6M weight average
Progressive Corporation → PGR	United States	$42.6bn	0.247%	+0.118 pp	+0.046 pp	+31.5%	Yes
Chubb Limited → CB	United States	$61.4bn	0.356%	+0.151 pp	-0.039 pp	-3.6%	Yes
Travelers Companies (The) → TRV	United States	$35.0bn	0.203%	+0.088 pp	-0.023 pp	-2.1%	Yes
Allstate → ALL	United States	$31.3bn	0.182%	+0.080 pp	-0.014 pp	+4.9%	Yes
Hartford (The) → HIG	United States	$17.7bn	0.103%	+0.050 pp	-0.010 pp	-4.5%	Yes
Cincinnati Financial → CINF	United States	$14.1bn	0.082%	+0.038 pp	+0.009 pp	+19.8%	Yes

Company contributions use weights among matched S&P 500 members and add through each level without rescaling. Companies without matched shares and prices are omitted. These observations do not establish official index weights or actual fund flows.