Equity index for the global specialty (re)insurance sector
RISX Price Return Index ('RISX') 4,661.23 +41.28 (+0.89%) At close: 05 November 2024 | RISX Net Total Return Index ('RISXNTR') 7,529.19 +66.72 (+0.89%) At close: 05 November 2024 |
The ICMR (Re)Insurance Specialty Index (RISX) is an equity benchmark for the global specialty (re)insurance sector based on publicly listed companies with underwriting subsidiaries in the Lloyd’s of London specialty (re)insurance market.
The RISX Index was developed by Insurance Capital Markets Research (ICMR) and is administered and calculated daily by Morningstar Indexes Ltd, as a Price Return Index (Ticker: ‘RISX’) and a Net Total Return Index (Ticker: ‘RISXNTR’), i.e. dividends reinvested net of withholding taxes.
©Insurance Capital Markets Research. Index administrator and calculator: Morningstar Indexes Ltd. Inception date: 2006-06-16, base value: 1000. All performance shown prior to 2021-03-22 was retrospectively calculated by application of the Index Methodology. The historical RISX index data is available via Bloomberg, Refinitiv or on request from ICMR.
Name | RIC | Currency | Weight (%) | |
---|---|---|---|---|
1 | Beazley | BEZG.L | GBP | 10.33 |
2 | Fairfax | FFH.TO | CAD | 9.35 |
3 | QBE | QBE.AX | AUD | 7.14 |
4 | Tokio Marine | 8766.T | JPY | 6.28 |
5 | AIG | AIG.N | USD | 4.98 |
6 | Axis | AXS.N | USD | 4.88 |
7 | Munich Re | MUVGn.DE | EUR | 4.63 |
8 | Hiscox | HSX.L | GBP | 4.55 |
9 | Axa | AXAF.PA | EUR | 4.42 |
10 | Markel | MKL.N | USD | 3.98 |
Sum | 60.53 |
Size | Weight (%) |
---|---|
Large Cap (>USD 20bn) | 58.02 |
Mid Cap (USD 5bn - USD 20bn) | 28.19 |
Small Cap (<USD 5bn) | 13.79 |
RISX: Price return, RISXNTR: Net total return, i.e. dividends reinvested net of withholding taxes
Index | Level | 1m | 3m | 1yr | Ytd | 3m | 1yr | 3yr | 3yr | 5yr | 10yr | 3yr | 5yr | 10yr |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
RISX | 4,661.2 | -2.4 | 11.1 | 31.2 | 26.6 | 5.0 | 8.2 | 20.3 | 16.1 | 9.8 | 9.3 | 14.7 | 19.5 | 15.7 |
RISXNTR | 7,529.2 | -2.4 | 11.5 | 33.9 | 29.0 | 5.0 | 8.1 | 18.8 | 18.6 | 12.1 | 11.5 | 14.7 | 19.4 | 15.6 |
2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
RISX | 13.0 | 6.4 | 18.5 | -14.2 | 12.6 | 3.2 | 7.1 | 5.9 | 16.4 | 5.6 | 31.7 | 20.6 | -8.6 | 12.9 | 19.6 |
RISXNTR | 15.3 | 8.8 | 20.9 | -12.2 | 14.9 | 5.1 | 9.4 | 8.2 | 19.0 | 8.2 | 34.9 | 24.4 | -5.3 | 17.3 | 24.7 |
2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
TTM | 1.87 | 2.04 | 1.80 | 2.01 | 1.92 | 1.93 | 1.99 | 1.90 | 2.00 | 2.23 | 2.05 | 2.83 | 3.73 | 3.32 | 3.50 |
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | YTD | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2006 | NA | NA | NA | NA | NA | NA | 2.8 | 7.8 | 1.2 | 9.5 | 4.2 | 6 | 35.8 |
2007 | -2.8 | 0.9 | 3 | 5.5 | -0.7 | -1.7 | -0.2 | 1.9 | 2.9 | 2.9 | -6.9 | -0.4 | 3.9 |
2008 | -5.5 | -1.4 | -1.1 | 2.2 | -3.2 | -12.6 | -3 | -1 | -2.6 | -14.7 | 3.5 | 1.1 | -33.5 |
2009 | -8.7 | -8.1 | 8.9 | 13.5 | 5.3 | -3.5 | 6.1 | 11 | 1.1 | -4.2 | -2.5 | 2.1 | 19.6 |
2010 | -2.1 | 0.2 | 3.2 | 0.6 | -8.4 | 1.8 | 7.1 | -4.2 | 6.6 | 4.1 | -3.7 | 8.4 | 12.9 |
2011 | 0.5 | 5.8 | -5.4 | 4.8 | -2.4 | -2.5 | -0.4 | -8.2 | -6.1 | 8.7 | -0.4 | -1.9 | -8.6 |
2012 | 2.8 | 3.8 | 2.6 | 1.5 | -7.6 | 7 | 0.2 | 2.6 | 3.9 | 1.4 | -1.4 | 2.6 | 20.6 |
2013 | 5.3 | 2.7 | 4 | 3.8 | -1 | -1 | 3.6 | -3 | 5.2 | 3.9 | 4.5 | 0.3 | 31.7 |
2014 | -7.9 | 5.1 | 2.4 | -0.5 | 1.5 | 2.1 | -4.4 | 2.2 | -2 | 3 | 1.8 | 2.9 | 5.6 |
2015 | -2.2 | 6.9 | 0.5 | 0.7 | 2 | 1.2 | 4.9 | -3.6 | 0.7 | 5.5 | -0.3 | -0.5 | 16.4 |
2016 | -5.8 | -1.6 | 5.1 | -2.7 | 3.6 | -3.9 | 4.6 | 0.5 | -1.4 | 0.5 | 5.2 | 2.5 | 5.9 |
2017 | 0.4 | 3 | -0.8 | 1.1 | 0.2 | 0.8 | 4.8 | -3.9 | -0.2 | 3.3 | -1.9 | 0.4 | 7.1 |
2018 | 5.5 | -3.6 | 5.3 | 1.2 | -1.6 | -0.7 | 2.6 | 1.7 | 1.2 | -5.6 | 3 | -5.3 | 3.2 |
2019 | 2.9 | 4.3 | -1.8 | 5.1 | -2.3 | 3 | -2 | -3.2 | 5.1 | -1.9 | 0.5 | 2.8 | 12.6 |
2020 | -1.6 | -8.3 | -23.2 | -0.8 | 1.3 | 5 | 3.1 | 5.1 | -8.5 | -1.5 | 18.1 | 1.8 | -14.2 |
2021 | -4.7 | 8.7 | 3.7 | 2.3 | 1 | -4 | 2.8 | 4.3 | -2.9 | 3.5 | -4.5 | 8.2 | 18.5 |
2022 | 3.2 | -2.9 | 2.5 | -5.1 | 1.9 | -5 | -2.1 | -1.5 | -6 | 10.3 | 10.2 | 2.4 | 6.4 |
2023 | 5.4 | 0.1 | -5.5 | 5.5 | -2.5 | 3.5 | 2.6 | -1.4 | 0.6 | -1.2 | 5.9 | 0 | 13 |
2024 | 4.8 | 7.2 | 4.8 | -2.6 | 5.3 | -1 | 3.7 | 3.7 | 0.6 | -3.1 | 0.9 | NA | 26.6 |
Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | YTD | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2006 | NA | NA | NA | NA | NA | NA | 2.8 | 8 | 1.8 | 9.8 | 4.2 | 6.1 | 37.1 |
2007 | -2.8 | 0.9 | 3.6 | 5.9 | -0.1 | -1.6 | -0.2 | 2.1 | 3.3 | 3.3 | -6.9 | -0.3 | 6.9 |
2008 | -5.4 | -1.2 | -0.7 | 3.2 | -2.9 | -12.2 | -3 | -0.4 | -2 | -14.4 | 3.6 | 1.1 | -30.8 |
2009 | -8.6 | -7 | 9.8 | 13.9 | 5.6 | -3.5 | 6.3 | 11.7 | 1.6 | -4.2 | -2.5 | 2.2 | 24.7 |
2010 | -2 | 0.6 | 4.3 | 0.9 | -8.1 | 2 | 7.1 | -3.6 | 7.3 | 4.2 | -3.7 | 8.5 | 17.3 |
2011 | 0.5 | 6.2 | -4.5 | 5.1 | -1.9 | -2.4 | -0.4 | -7.5 | -5.7 | 8.7 | -0.4 | -1.8 | -5.3 |
2012 | 2.9 | 4.5 | 3 | 2.1 | -7.4 | 7.1 | 0.2 | 3.2 | 4.4 | 1.4 | -1.3 | 2.8 | 24.4 |
2013 | 5.4 | 3.2 | 4.3 | 4.4 | -1 | -0.9 | 3.7 | -2.7 | 5.6 | 3.9 | 4.5 | 0.4 | 34.9 |
2014 | -7.9 | 5.5 | 2.7 | -0.1 | 1.7 | 2.2 | -4.3 | 2.6 | -1.7 | 3 | 1.8 | 3.1 | 8.2 |
2015 | -2.2 | 7.3 | 0.9 | 1.1 | 2.1 | 1.4 | 4.9 | -3.4 | 1.2 | 5.5 | -0.3 | -0.4 | 19 |
2016 | -5.8 | -1.3 | 5.8 | -2.4 | 3.7 | -3.8 | 4.6 | 0.7 | -1.1 | 0.5 | 5.2 | 2.6 | 8.2 |
2017 | 0.5 | 3 | -0.2 | 1.3 | 0.3 | 1 | 4.9 | -3.7 | 0.2 | 3.3 | -1.9 | 0.5 | 9.4 |
2018 | 5.6 | -3.5 | 5.9 | 1.3 | -1.5 | -0.6 | 2.7 | 2 | 1.6 | -5.6 | 3.1 | -5.2 | 5.1 |
2019 | 3.1 | 4.5 | -1.3 | 5.1 | -2.1 | 3.1 | -2 | -2.9 | 5.4 | -1.8 | 0.6 | 2.9 | 14.9 |
2020 | -1.5 | -8 | -22.9 | -0.6 | 1.4 | 5.3 | 3.3 | 5.1 | -8.2 | -1.4 | 18.1 | 1.9 | -12.2 |
2021 | -4.5 | 8.7 | 4 | 2.4 | 1.4 | -3.7 | 2.8 | 4.5 | -2.6 | 3.5 | -4.5 | 8.3 | 20.9 |
2022 | 3.3 | -2.6 | 3 | -4.9 | 2.4 | -4.7 | -2.1 | -1.4 | -5.8 | 10.3 | 10.2 | 2.3 | 8.8 |
2023 | 5.6 | 0.2 | -5 | 5.5 | -2 | 3.7 | 2.6 | -1.3 | 0.8 | -1.2 | 5.9 | 0.1 | 15.3 |
2024 | 4.9 | 7.2 | 5.5 | -2.3 | 5.6 | -0.9 | 3.7 | 3.9 | 0.8 | -3.1 | 0.9 | NA | 29 |
For further information see key documents below, or contact ICMR.
The what and why
Summary of key statistics
Overview and background
Sharing risk for a more resilient world
Selection and weighting process
UK and EU BMR Benchmark Statement
ICMR launches RISX Index with Moorgate Benchmarks
Insurance Capital Markets Research is the trading name of IC Markets Research Ltd, registered in England & Wales with number 12561699
At Insurance Capital Markets Research (ICMR), we provide quantitative research on the global specialty (re)insurance industry. Our clients are insurance carriers, intermediaries and investors.
One of our core capabilities is the independent assessment of performance and return profiles of insurance entities and portfolios, both within Lloyd’s and globally. Our research focuses on investment strategies and the development of products to access the global specialty (re)insurance industry and Lloyd’s of London in particular.
Our founders were Lloyd’s former heads of analysis and research who also worked together in the capital markets and insurance linked securities. ICMR was established in early 2020 and launched the RISX Index in 2021.
For more information, licensing and contact details visit: https://insurancecapitalmarkets.com
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