ACORD has released its Global Insurance Stock Index for the first quarter of 2024 with positive results.
An extension of ACORD’s Global Value Creation methodologies and corresponding studies, the quarterly index tracks the performance of more than 200 of the largest publicly traded life and non-life insurance carriers.
“The ACORD Global Insurance Stock Index returned 32.4% in the first quarter 2024, amid a strong global equity market which ended the quarter up 21.0%,” ACORD reported. “Positive returns outnumbered negative 5:1.
“Signs of a robust economy, combined with expectations for a ‘soft landing’, underpinned the best quarter in several years for numerous market indices. Despite the positive results, headwinds remain as geopolitical tensions rise and inflation remains an issue.”
Below are some of the figures from the latest ACORD Global Insurance Stock Index.
|
Sector |
Total return |
Region |
Total return |
|---|---|---|---|
|
Property & casualty |
46.8% |
North America |
40.7% |
|
Reinsurance |
42.0% |
EMEA |
31.0% |
|
Multi-line |
26.0% |
LATAM & Caribbean |
28.5% |
|
Life-health |
21.3% |
Asia-Pacific |
20.8% |
|
Composite |
32.4% |
Composite |
32.4% |
Meanwhile, according to ACORD’s year-on-year total return league tables, the top insurers by sector are MS&AD Insurance Group Holdings for multi-line, Corebridge Financial for life-health, Tokio Marine Holdings for property & casualty, and Reinsurance Group of America for reinsurance.
ACORD noted: “The ACORD Global Insurance Stock Index is comprised of publicly traded life, non-life, and reinsurance carriers with market capitalisation exceeding US$250 million.
“This update analyses the quarterly and annual change in share prices, adjusted for dividends and splits. Composite returns are calculated using the market capitalisation weighted average of individual company returns based on local currencies.”
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