Insurance stocks are angling for their next move higher.

The iShares Insurance ETF (IAK) looks to be breaking out above its 90-day SMA, setting up for a potential retest of its all-time high (~$138).

Here’s what the top two names in the ETF are up to:

Progressive (PGR), 16.2% of the IAK: Consolidating at $280, about $10 above its prior all-time high.

Chubb (CB), 11.5% of the IAK: Despite meaningful exposure to California homeowners’ insurance policies, the stock is above its 90-day SMA for the first time in 2025.

If you lack exposure to the sector, I view now as an opportune time to dip your toes.

If you already have exposure, Marsh & McLennan (MMC) may still be worth a closer look . This insurance-adjacent name isn’t included in many insurance baskets, meaning it could generate sector alpha while still benefiting from similar tailwinds.