Property & Casualty Insurance
Property & Casualty Insurance is losing market weight. Gained weight for 2 consecutive months.
Most of this industry's losses came from a few companies.
Where did the weight change come from?
12-month contribution in universe percentage points · contributions add to the industry change
The three largest same-direction contributors explain 86% of gross losses. Opposing contributions can make an individual company’s change larger than the industry’s net change.
How has it moved through history?
Share of matched S&P 500 members
Jan 2018 – Apr 2020 · market weight (%)
Relative performance
Industry return versus ACWI · no future data shown
Is participation broad or concentrated?
Actual constituent counts at this date, not the legacy synthetic breadth proxy
This is size concentration, not contribution to the 12-month change. The attribution above measures the latter.
Evidence can disagree
Independent dimensions · no combined score or bullish/bearish verdict
Other evidence and availability
Valuation data: unavailable; shown as zero placeholder.
Attention data: unavailable; shown as zero placeholder.
Actual fund flows: unavailable. No ETF, mutual-fund or institutional flow feed is connected.
Volume / turnover: unavailable in this dataset.
Follow the contribution to individual companies
Sorted by absolute 12-month weight contribution, not investment merit
| Company | Sub-industry | Country | Universe weight | 12M contribution | 12M price return | Revisions |
|---|---|---|---|---|---|---|
| Chubb Limited → CB | Property & Casualty Insurance | United States | 0.273% | -0.098 pp | -23.9% | 0.0 |
| Travelers Companies (The) → TRV | Property & Casualty Insurance | United States | 0.143% | -0.067 pp | -27.9% | 0.0 |
| Hartford (The) → HIG | Property & Casualty Insurance | United States | 0.076% | -0.029 pp | -25.8% | 0.0 |
| Cincinnati Financial → CINF | Property & Casualty Insurance | United States | 0.059% | -0.028 pp | -30.0% | 0.0 |
| W. R. Berkley Corporation → WRB | Property & Casualty Insurance | United States | 0.025% | +0.025 pp | -9.7% | 0.0 |
| Allstate → ALL | Property & Casualty Insurance | United States | 0.180% | -0.003 pp | +4.7% | 0.0 |
| Progressive Corporation → PGR | Property & Casualty Insurance | United States | 0.253% | -0.001 pp | +2.5% | 0.0 |
Underlying monthly industry observations
| Month | Weight | 1M change | 3M change | 6M change | 12M change | Relative return · 12M |
|---|---|---|---|---|---|---|
| Apr 2020 | 1.010% | +1.009 pp | -0.140 pp | -0.123 pp | -0.201 pp | -10.4% |
| Mar 2020 | 0.001% | +0.000 pp | -1.124 pp | -1.243 pp | -1.180 pp | -1.4% |
| Feb 2020 | 0.001% | -1.148 pp | -1.120 pp | -1.233 pp | -1.171 pp | +1.7% |
| Jan 2020 | 1.149% | +0.024 pp | +0.017 pp | -0.069 pp | +0.509 pp | +6.6% |
| Dec 2019 | 1.125% | +0.004 pp | -0.119 pp | -0.083 pp | +0.469 pp | +0.6% |
| Nov 2019 | 1.121% | -0.012 pp | -0.113 pp | -0.150 pp | +0.474 pp | +5.2% |
| Oct 2019 | 1.132% | -0.112 pp | -0.085 pp | -0.078 pp | +0.477 pp | +4.1% |
| Sep 2019 | 1.244% | +0.010 pp | +0.035 pp | +0.063 pp | +0.599 pp | +18.7% |
| Aug 2019 | 1.234% | +0.016 pp | -0.036 pp | +0.062 pp | +0.580 pp | +16.9% |
| Jul 2019 | 1.218% | +0.009 pp | +0.008 pp | +0.578 pp | +0.054 pp | +16.8% |
| Jun 2019 | 1.209% | -0.062 pp | +0.028 pp | +0.553 pp | +0.068 pp | +17.6% |
| May 2019 | 1.271% | +0.060 pp | +0.099 pp | +0.624 pp | +0.089 pp | +18.4% |
| Apr 2019 | 1.210% | +0.029 pp | +0.570 pp | +0.555 pp | -0.013 pp | +7.9% |
| Mar 2019 | 1.181% | +0.009 pp | +0.525 pp | +0.535 pp | -0.051 pp | +4.2% |
| Feb 2019 | 1.172% | +0.532 pp | +0.525 pp | +0.518 pp | -0.032 pp | +5.7% |
| Jan 2019 | 0.640% | -0.016 pp | -0.015 pp | -0.523 pp | -0.580 pp | +1.2% |
| Dec 2018 | 0.656% | +0.009 pp | +0.010 pp | -0.485 pp | -0.565 pp | +3.4% |
| Nov 2018 | 0.647% | -0.009 pp | -0.007 pp | -0.535 pp | -0.574 pp | +1.4% |
| Oct 2018 | 0.656% | +0.010 pp | -0.508 pp | -0.568 pp | -0.565 pp | +2.2% |
| Sep 2018 | 0.645% | -0.008 pp | -0.495 pp | -0.587 pp | -0.575 pp | -1.3% |
| Aug 2018 | 0.654% | -0.510 pp | -0.528 pp | -0.550 pp | -0.567 pp | -1.0% |
| Jul 2018 | 1.164% | +0.023 pp | -0.060 pp | -0.057 pp | -0.057 pp | -2.3% |
| Jun 2018 | 1.141% | -0.041 pp | -0.091 pp | -0.080 pp | -0.080 pp | -5.3% |
| May 2018 | 1.182% | -0.042 pp | -0.022 pp | -0.039 pp | -0.039 pp | -2.8% |
| Apr 2018 | 1.224% | -0.008 pp | +0.003 pp | +0.003 pp | +0.003 pp | -0.3% |
| Mar 2018 | 1.232% | +0.028 pp | +0.011 pp | +0.011 pp | +0.011 pp | +0.9% |
| Feb 2018 | 1.204% | -0.017 pp | -0.017 pp | -0.017 pp | -0.017 pp | -1.0% |
| Jan 2018 | 1.221% | +0.000 pp | +0.000 pp | +0.000 pp | +0.000 pp | +0.0% |
How are these descriptive states defined?
Gaining / losing: 12-month weight change above +0.005pp / below −0.005pp. Direction and speed are separate dimensions, not mutually exclusive recommendations.
Accelerating / slowing: compare the most recent 3M change with the preceding 3M change. Accelerating means a positive change speeds up by >0.02pp. Slowing means the magnitude of movement declines by >0.02pp. A falling industry can also slow.
Reversing: the last two 3M changes have opposite signs, outside a ±0.005pp tolerance. Persistence counts consecutive same-direction monthly changes.
Broad / concentrated: company attribution, not a market-cap concentration shortcut. Concentrated means the three largest same-direction contributors account for ≥70% of gross same-direction changes; otherwise broad requires ≥60% of constituents moving with the industry. Other cases are mixed.
Weights use matched S&P 500 members’ market-cap estimates, based on SEC-reported shares available by each month-end and monthly closing prices. Companies without a matched price or share record are omitted, so the denominator is the matched sample rather than every index member. These are not official float-adjusted S&P weights. Flow is not measured.