iShares U.S. Insurance ETF
IAK
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 400 Howard Street San Francisco CA United States of America 94105
- IPO Date
- May 5, 2006
- CIK
- 0001100663
- Website
- ishares.com
- Similar Companies
- Business
- iShares U.S. Insurance ETF (IAK) is an exchange-traded fund that seeks to track the investment results of the Dow Jones U.S. Select Insurance Index, which comprises U.S. equities classified in the insurance sector of the Dow Jones U.S. Broad Stock Market Index. The ETF provides exposure to a diversified portfolio of insurance companies, including property and casualty insurers, life insurers, health insurers, and multiline insurers such as The Progressive Corporation (top holding at approximately 15.8%), Chubb Ltd. (11.2%), The Travelers Companies Inc. (6.8%), The Allstate Corporation (6.0%), Aflac Incorporated (4.7%), MetLife Inc. (4.6%), and Prudential Financial Inc. (4.5%), among 58 total holdings representing major brands across personal lines, commercial lines, reinsurance, and financial services insurance products. Launched on May 1, 2006, and issued by BlackRock, Inc. through its iShares brand, the fund is domiciled in the United States with headquarters aligned to BlackRock's operations in New York; it maintains an expense ratio of 0.38% and manages assets under management exceeding $700 million, targeting institutional and retail investors seeking sector-specific exposure in the financials industry. Geographically, the ETF focuses exclusively on U.S.-based companies listed on U.S. exchanges, with no international operations. In recent developments, the ETF has benefited from strong sector momentum driven by pricing power in property and casualty insurance amid moderating premium inflation and robust performance from top holdings like Progressive and Chubb, contributing to a 28.18% total return in 2024. Analysts have highlighted IAK as a strategic buy following periods of relative underperformance in 2025, citing improved risk-reward dynamics and long-term growth potential from macroeconomic shifts favoring insurance stocks. No major structural changes, such as index reconstitutions, new product launches, acquisitions, or partnerships specific to the ETF, have been reported in the last 1-2 years; however, ongoing portfolio rebalancing reflects dynamic sector trends, including increased weighting in high-growth insurers like Kinsale Capital Group and Palomar Holdings. BlackRock continues to manage the fund through representative sampling to closely replicate the benchmark's performance, excluding fees and expenses.