Analysts Look Inside Private Equity-Owned Insurers’ Vaults

October 11, 2022 by Allison Bell

U.S. life insurers that are owned by private equity firms hold more alternative assets than other life insurers, but, overall, their bonds have high ratings, according to analysts at the National Association of Insurance Commissioners.

Analysts Jennifer Johnson and Jean-Baptiste Carelus found that private equity-owned life and annuity issuers’ total investment holdings fell 4.5% between Dec. 31, 2020, and Dec. 31, 2021, to $450.1 billion.

Bonds accounted for $312 billion — or 69% of the investment holdings — but that amount was down 11% from a year earlier.

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Originally Posted at ThinkAdvisor on September 28, 2022 by Allison Bell.