U.S. insurance stocks have been doing quite well since the beginning of May 2026, and they have materially outperformed the overall market. I’m using the May 1 close through the September 3 close so that we compare complete trading days; these are price changes, excluding dividends.

The cleanest broad measure is the iShares U.S. Insurance ETF (IAK), which covers U.S. life, property and casualty insurers. It rose from $132.01 on May 1 to $147.87 on September 3: +12.0%. An alternative, more equal-weighted measure, the SPDR S&P Insurance ETF (KIE), rose from $56.79 to $64.80: +14.1%.

For comparison, the S&P 500 ETF (SPY) went from $720.65 to $773.17 over the same period, +7.3%. So insurers have beaten the market by roughly 5–7 percentage points in four months.

That is from GPT Pro.  Here is my earlier post on numbers and market valuations.  Do any market prices reflect a realistic chance of very bad outcomes from advanced AI?

Here is advice on how to short those shares.