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SUPERSECTOR INDICES

STOXX Europe 600 Insurance

Index Description

The STOXX Supersector indices track supersectors of the relevant benchmark index. There are 20 supersectors according to the Industry Classification Benchmark (ICB). Companies are categorized according to their primary source of revenue. The following supersectors are available: Technology, Telecommunications, Health Care, Banks, Financial Services, Insurance, Real Estate, Automobiles and Parts, Consumer Products and Services, Media, Retail, Travel and Leisure, Food, Beverage and Tobacco, Personal Care, Drug and Grocery Stores, Construction and Materials, Industrial Goods and Services, Basic Resources, Chemicals, Energy, Utilities.

Key facts

  • Categorization according to their primary source of revenue guarantees an accurate classification of companies in their respective business environments
  • Component capping ensures that no component can dominate the index

Descriptive Statistics

Index Market Cap (USD bn) Components (USD bn) Component weight (%) Turnover (%)
Full Free-float Mean Median Largest Smallest Largest Smallest Last 12 monts
STOXX Europe 600 Insurance 712.0 614.4 19.8 7.5 110.8 2.1 18.0 0.3 2.3
STOXX Europe 600 14,412.9 11,347.4 18.9 6.6 386.1 1.2 3.4 0.0 3.8

Supersector weighting (top 10)

Country weighting

Risk and return figures1

Index returns Return (%) Annualized return (%)
Last month YTD 1Y 3Y 5Y Last month YTD 1Y 3Y 5Y
STOXX Europe 600 Insurance 3.3 4.0 14.7 27.2 45.0 N/A N/A 14.9 8.4 7.8
STOXX Europe 600 1.6 1.4 12.4 17.3 42.7 N/A N/A 12.6 5.5 7.4
Index volatility and risk Annualized volatility (%) Annualized Sharpe ratio2
STOXX Europe 600 Insurance N/A N/A 17.4 20.9 25.5 N/A N/A 0.6 0.3 0.3
STOXX Europe 600 N/A N/A 15.1 18.9 20.5 N/A N/A 0.5 0.2 0.3
Index to benchmark Correlation Tracking error (%)
STOXX Europe 600 Insurance 0.7 0.8 0.8 0.9 0.9 9.2 8.0 9.3 9.9 11.4
Index to benchmark Beta Annualized information ratio
STOXX Europe 600 Insurance 0.8 0.8 1.0 1.0 1.1 2.3 1.9 0.2 0.3 0.1

1For information on data calculation, please refer to STOXX calculation reference guide

2Based on EURIBOR1M

(USD, Net Return), all data as of February 29, 2024

SUPERSECTOR INDICES

STOXX Europe 600 Insurance

Fundamentals

Index Price/earnings incl. negative Price/earnings excl. negative Price/book Dividend yield (%)3 Price/sales Price/cash flow
Trailing Projected Trailing Projected Trailing Trailing Trailing
STOXX Europe 600 Insurance 14.2 10.8 12.6 12.6 1.8 4.4 1.6 3.9
STOXX Europe 600 16.9 13.5 14.4 14.4 2.0 3.0 1.4 20.1

Performance and annual returns

Methodology

Indices from the relevant benchmark index are categorized according to their primary source of revenue. The largest stocks in each supersector are chosen according to free-float market cap. The detailed methodology including the calculation formula can be found in our rulebook : http://www.stoxx.com/indices/rulebooks.html

Versions and symbols

Index ISIN Symbol Bloomberg Reuters
Price EUR EU0009658822 SXIP SXIP INDEX .SXIP
Price USD EU0009659663 SXIL SXIL INDEX .SXIL
Net Return EUR EU0009658830 SXIR SXIR INDEX .SXIR
Net Return USD EU0009659671 SXIV SXIV INDEX .SXIV
Gross Return EUR CH0102634877 SXIGR SXIGR INDEX .SXIGR

Quick Facts

Weighting Free-float market cap
Cap Factor None except for the STOXX Europe 600 Supersectors, where the largest company is capped at 30% and the second largest at 15%
No. of components Variable
Review frequency Quarterly (Mar., Jun., Sep., Dec.)
To learn more about the inception date, currency versions, calculation hours and historical values, please see our data vendor code sheet.

SUPERSECTOR INDICES

STOXX Europe 600 Insurance

Top 10 Components4

Company Supersector Country Weight
ALLIANZ Insurance Germany 18.034%
ZURICH INSURANCE GROUP Insurance Switzerland 12.715%
AXA Insurance France 11.045%
MUENCHENER RUECK Insurance Germany 10.346%
SWISS REINSURANCE COMPANY Insurance Switzerland 5.696%
PRUDENTIAL Insurance UK 4.408%
ASSICURAZIONI GENERALI Insurance Italy 4.268%
SWISS LIFE HLDG Insurance Switzerland 3.501%
SAMPO Insurance Finland 3.413%
LEGAL & GENERAL GRP Insurance UK 2.980%

3Net dividend yield is calculated as net return index return minus price index return

4Based on the composition as of February 29, 2024