Below Investment Grade Bond Exposure for Life Insurers – January 2026
In this article we discuss the accounting treatment of bonds in insurer financial statements, and possible impacts in the event BIG bonds are downgraded, impaired, or default.
U.S. Life Insurer Exposure to Alternative (Schedule BA) Investments
This review analyzes alternative investments for U.S. life insurers. These assets can offer an insurer the opportunity to diversify its investment portfolio, enhance returns (especially given the decline in fixed income yield rates over the last 40+ years), and acquire investments that are not necessarily correlated with the industry’s other investments. These investments are included in Schedule BA of insurers’ year end regulatory financial statements.
Florida Domestic Insurer Market Update
In this article, it is discussed how Florida’s domestic homeowners insurance market has materially improved following the 2022–2023 legislative reforms, as evidenced by new market entrants, rapid depopulation of Citizens Property Insurance Corporation, and significantly stronger financial performance among legacy insurers
Aquarian Capital to Acquire Brighthouse Financial
In the following article we discuss the background of both Brighthouse Financial (BHF) and Aquarian, recent financial performance of BHF’s insurance subsidiaries, and what this transaction may entail for BHF going forward.
Risk Retention Group Market Overview
In the following review we discuss the current state of the RRG market and its financial performance over the
past 15 years (2010-2024).
Overview of Reciprocal Insurance Exchanges and Recent Market Trends
In the following report we explore the insurers within the RIE market and their financial performance, as well as examine some of the new entrants to the industry and the factors driving the growth in companies organized under this structure.
Annuity Surrenders Rise for U.S. Life Insurers
In this report, we discuss the increased level of annuity surrenders, the potential risks of higher surrenders, and any offsetting factors to these risks.
Mortality in the U.S. Life Insurance Industry (2024)
In this review we highlight the recent trends in U.S. mortality and its continued impact on the U.S. life insurance industry.
P&C Mutual Insurance Market Overview
In the following review we provide an update on the state of the P&C mutual insurance market based on reported financial results for the full year 2024 through 6 months 2025.
U.S. Surplus Lines Overview
This article is about the strong growth and evolving role of the U.S. surplus lines (E&S) insurance market, highlighting its record premium levels, profitability trends, integration with admitted carriers, and the influence of hard market cycles, private equity investment, and specialty distribution on its expansion.