what was the growth rate of the s&p 500 index from 2011 to 2016
item 5 . market for the registrant 2019s common equity , related stockholder matters and issuer purchases of equity securities the following graph compares annual total return of our common stock , the standard & poor 2019s 500 composite stock index ( 201cs&p 500 index 201d ) and our peer group ( 201cloews peer group 201d ) for the five years ended december 31 , 2016 . the graph assumes that the value of the investment in our common stock , the s&p 500 index and the loews peer group was $ 100 on december 31 , 2011 and that all dividends were reinvested. .

|  | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 |
| :--- | :--- | :--- | :--- | :--- | :--- | :--- |
| Loews Common Stock | 100.0 | 108.91 | 129.64 | 113.59 | 104.47 | 128.19 |
| S&P 500 Index | 100.0 | 116.00 | 153.57 | 174.60 | 177.01 | 198.18 |
| Loews Peer Group (a) | 100.0 | 113.39 | 142.85 | 150.44 | 142.44 | 165.34 |

( a ) the loews peer group consists of the following companies that are industry competitors of our principal operating subsidiaries : chubb limited ( name change from ace limited after it acquired the chubb corporation on january 15 , 2016 ) , w.r . berkley corporation , the chubb corporation ( included through january 15 , 2016 when it was acquired by ace limited ) , energy transfer partners l.p. , ensco plc , the hartford financial services group , inc. , kinder morgan energy partners , l.p . ( included through november 26 , 2014 when it was acquired by kinder morgan inc. ) , noble corporation , spectra energy corp , transocean ltd . and the travelers companies , inc . dividend information we have paid quarterly cash dividends in each year since 1967 . regular dividends of $ 0.0625 per share of loews common stock were paid in each calendar quarter of 2016 and 2015. .

s_p_500_index_2016 = 198.18
s_p_500_index_2011 = 100.0
percent_change = (s_p_500_index_2016 - s_p_500_index_2011) / s_p_500_index_2011
answer = percent_change * 100