SPDR S&P Insurance ETF

KIE

Market cap $755M

SPDR S&P Insurance ETF remains a "Buy," supported by a low P/E ratio and recent technical breakout. KIE offers diversified exposure to the insurance industry with a value tilt, and is poised for seasonal strength in October-November. Despite recent underperformance versus the S&P 500, KIE's fundamentals and rising dividends support a bullish outlook.

A smart beta exchange traded fund, the SPDR S&P Insurance ETF (KIE) debuted on 11/08/2005, and offers broad exposure to the Financials ETFs category of the market.

Over the last 100 trading days, or roughly five months, the S&P 500 Index (SPX) has surged more than 25%.

Looking for broad exposure to the Financials - Insurance segment of the equity market? You should consider the SPDR S&P Insurance ETF (KIE), a passively managed exchange traded fund launched on November 8, 2005.

After the industry's combined ratio improved by 5.1 percentage points in 2024 to an 11-year low of 96.5% due in large part to a spectacular fourth quarter for the personal lines, our outlook for 2025 and 2026 contemplates narrower profit margins. A decidedly more favorable operating environment in the private auto business, which accounted for 33.6% of US P&C industry direct premiums written in 2024, will have negative implications for top-line growth in 2025 and 2026 in particular, as some carriers have begun to lower rates.

A smart beta exchange traded fund, the SPDR S&P Insurance ETF (KIE) debuted on 11/08/2005, and offers broad exposure to the Financials ETFs category of the market.

KIE offers equal-weighted exposure to mid- and small-cap US insurance stocks, unlike IAK's large-cap, value-weighted focus. Despite lower expense ratios, KIE's mid-cap tilt doesn't provide a valuation advantage or superior performance over IAK, which benefits from scale. We prefer IAK for its greater property and casualty exposure and larger, more resilient insurance businesses with better access to capital.

Designed to provide broad exposure to the Financials - Insurance segment of the equity market, the SPDR S&P Insurance ETF (KIE) is a passively managed exchange traded fund launched on 11/08/2005.

A smart beta exchange traded fund, the SPDR S&P Insurance ETF (KIE) debuted on 11/08/2005, and offers broad exposure to the Financials ETFs category of the market.

If you're interested in broad exposure to the Financials - Insurance segment of the equity market, look no further than the SPDR S&P Insurance ETF (KIE), a passively managed exchange traded fund launched on 11/08/2005.