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The insurance business has been a solid if unspectacular investment lately, essentially matching the S&P 500 step-for-step over the past three and five years.

Among the funds with the highest exposure to the insurance sector, the average one-year gain has been 17.9%, with an average three-year return of 9.52%. In the same periods, the S&P 500, as represented by SPY, has posted gains of 17.9% and 10.1%, respectively.

But in the near future, the property and casualty segment of the sector will be looking at major payouts in the aftermath of hurricanes Harvey and Irma. The damage in Florida from Hurricane Irma was predicted to be $58 billion (with an additional $30 billion in the Caribbean), according to Bloomberg, citing statistics from Enki Research. Hurricane Harvey caused $85 billion in damage in the Houston area. Combined, they equal the monetary damage of Hurricane Katrina in 2005, the costliest hurricane to hit the U.S., with $160 billion in damage, based on inflation-adjusted totals.

For this list, we looked at all mutual funds and ETFs with an exposure to the insurance industry of 20% or higher, and then ranked those funds by their three-year returns. Scroll through to see the top 20.

All data from Morningstar Direct.
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20. First Trust STOXX European Sel Div ETF (FDD)
Insurance Sector Exposure: 20.88%
1-Yr. Returns: 13.00%
3-Yr. Returns: 2.41%
5-Yr. Returns: 6.20%
Expense Ratio: 0.60%
Total Assets (millions): $509
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19. PowerShares DWA Financial Momentum ETF (PFI)
Insurance Sector Exposure: 25.80%
1-Yr. Returns: 0.60%
3-Yr. Returns: 3.51%
5-Yr. Returns: 10.08%
Expense Ratio: 0.60%
Total Assets (millions): $71
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18. Mount Lucas US Focused Eq I (BMLEX)
Insurance Sector Exposure: 27.32%
1-Yr. Returns: 19.32%
3-Yr. Returns: 3.75%
5-Yr. Returns: 13.07%
Expense Ratio: 0.95%
Total Assets (millions): $11
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17. Putnam Global Financial Y (PGFYX)
Insurance Sector Exposure: 28.69%
1-Yr. Returns: 19.56%
3-Yr. Returns: 4.21%
5-Yr. Returns: 10.31%
Expense Ratio: 1.03%
Total Assets (millions): $24
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16. iShares Global Financials ETF (IXG)
Insurance Sector Exposure: 21.06%
1-Yr. Returns: 23.28%
3-Yr. Returns: 5.38%
5-Yr. Returns: 11.35%
Expense Ratio: 0.48%
Total Assets (millions): $451
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15. Fidelity Select Financial Services Port (FIDSX)
Insurance Sector Exposure: 21.35%
1-Yr. Returns: 19.21%
3-Yr. Returns: 7.15%
5-Yr. Returns: 12.83%
Expense Ratio: 0.76%
Total Assets (millions): $1,070
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14. Fidelity Advisor Financial Services I (FFSIX)
Insurance Sector Exposure: 21.12%
1-Yr. Returns: 19.26%
3-Yr. Returns: 7.27%
5-Yr. Returns: 13.00%
Expense Ratio: 0.84%
Total Assets (millions): $373
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13. Oppenheimer Financials Sect Revenue ETF (RWW)
Insurance Sector Exposure: 31.13%
1-Yr. Returns: 23.06%
3-Yr. Returns: 8.96%
5-Yr. Returns: 16.19%
Expense Ratio: 0.49%
Total Assets (millions): $33
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12. Franklin Mutual Financial Services Z (TEFAX)
Insurance Sector Exposure: 34.44%
1-Yr. Returns: 17.95%
3-Yr. Returns: 9.26%
5-Yr. Returns: 13.36%
Expense Ratio: 1.13%
Total Assets (millions): $695
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11. T. Rowe Price Financial Services (PRISX)
Insurance Sector Exposure: 21.45%
1-Yr. Returns: 22.01%
3-Yr. Returns: 9.39%
5-Yr. Returns: 14.43%
Expense Ratio: 0.88%
Total Assets (millions): $717
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10. First Trust Financials AlphaDEX ETF (FXO)
Insurance Sector Exposure: 23.28%
1-Yr. Returns: 16.53%
3-Yr. Returns: 9.64%
5-Yr. Returns: 14.98%
Expense Ratio: 0.64%
Total Assets (millions): $1,101
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9. Davis Financial A (RPFGX)
Insurance Sector Exposure: 24.05%
1-Yr. Returns: 17.03%
3-Yr. Returns: 9.72%
5-Yr. Returns: 14.17%
Expense Ratio: 0.92%
Total Assets (millions): $1,195
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8. Global X China Financials ETF (CHIX)
Insurance Sector Exposure: 26.79%
1-Yr. Returns: 18.81%
3-Yr. Returns: 9.96%
5-Yr. Returns: 12.39%
Expense Ratio: 0.65%
Total Assets (millions): $49
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7. iShares US Insurance ETF (IAK)
Insurance Sector Exposure: 98.42%
1-Yr. Returns: 16.91%
3-Yr. Returns: 10.17%
5-Yr. Returns: 15.62%
Expense Ratio: 0.44%
Total Assets (millions): $171
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6. Vanguard Financials ETF (VFH)
Insurance Sector Exposure: 21.02%
1-Yr. Returns: 21.93%
3-Yr. Returns: 10.60%
5-Yr. Returns: 15.16%
Expense Ratio: 0.10%
Total Assets (millions): $6,645
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5. Fidelity MSCI Financials ETF (FNCL)
Insurance Sector Exposure: 20.64%
1-Yr. Returns: 21.98%
3-Yr. Returns: 10.64%
5-Yr. Returns: N/A
Expense Ratio: 0.12%
Total Assets (millions): $888
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4. Guggenheim S&P 500 Eq Weight Fincl ETF (RYF)
Insurance Sector Exposure: 34.19%
1-Yr. Returns: 22.17%
3-Yr. Returns: 10.72%
5-Yr. Returns: 16.15%
Expense Ratio: 0.40%
Total Assets (millions): $315
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3. Fidelity Select Insurance Port (FSPCX)
Insurance Sector Exposure: 88.19%
1-Yr. Returns: 17.17%
3-Yr. Returns: 11.19%
5-Yr. Returns: 16.36%
Expense Ratio: 0.79%
Total Assets (millions): $489
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2. SPDR S&P Insurance ETF (KIE)
Insurance Sector Exposure: 99.89%
1-Yr. Returns: 16.79%
3-Yr. Returns: 12.06%
5-Yr. Returns: 17.14%
Expense Ratio: 0.35%
Total Assets (millions): $867
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1. PowerShares KBW Prpty & Casualty Ins ETF (KBWP)
Insurance Sector Exposure: 100%
1-Yr. Returns: 10.60%
3-Yr. Returns: 14.81%
5-Yr. Returns: 16.60%
Expense Ratio: 0.35%
Total Assets (millions): $89