Big U.S. Life Insurers Have $1.7B Invested in Banks in News: Wells Fargo Analysts

March 21, 2023 by Allison Bell

Seventeen big U.S. life insurers have a total of about $650 million of their $162 billion in statutory surplus invested in the bonds of Silicon Valley Bank and Signature Bank of New York, and about $1 billion invested in the bonds of three other regional regional banks that are facing investor skepticism, according to Elyse Greenspan and other analysts at Wells Fargo Securities.

Greenspan’s team compiled data on life insurers’ regional bank investment exposure in an effort to answer client questions about what kind of impact a series of regional bank failures could have on the life sector.

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Originally Posted at ThinkAdvisor on March 14, 2023 by Allison Bell.