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U.S. Life Insurer Exposure to Less Liquid Bonds – YE2025
In this review we highlight some of the less liquid components of life insurer bond portfolios.
Corebridge and Equitable Agree to Merge
On March 26, 2026, Corebridge Financial, Inc. (CBF) and Equitable Holdings, Inc. (EQH) announced plans to merge, which will create one of the largest U.S. life insurance and annuity groups and will
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
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).
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.
Mortgage Loan Exposure for Life Insurers
While insurers continued to favor mortgage loans, weaker conditions in the commercial real estate market have developed, driven in part by higher borrowing costs and behavioral changes and disruptions related to the
U.S. Life Insurers’ Foreign Reinsurance Exposure
While U.S. life insurers utilize reinsurance in many foreign jurisdictions, in this report we will focus on Bermuda in particular given the robust growth in Bermuda reinsurance among U.S. life insurers.
BBB-rated Bond Exposure for Life Insurers
In this article, NAIC Class 2 (BBB-rated) bond holdings are examined in the context of their rising prominence within U.S. life insurer portfolios. Despite ongoing economic uncertainty and updated capital requirements, these
Corebridge Sells Individual Variable Annuity Business to Venerable
The balance of this release will discuss the impact of this transaction on the CBF and VHI groups, and ALIRT will share some of our thoughts on the transaction.
U.S. Life Insurer Exposure to Less Liquid Bonds – YE2024
In this review we highlight some of the less liquid components of life insurer bond portfolios.
Trends in Individual Annuities
In this review, we concentrate on the recent changes in the annuity product landscape.
Privately-Owned Insurers in the U.S. Life Insurance Industry
In this report we explore some of the organizations that have acquired life insurers, review some recent transactions/acquisitions that involve privately-owned insurers, and analyze the difference in financial profiles of privately-owned life
Below Investment Grade Bond Exposure for Life Insurers – February 2025
This article discusses the accounting treatment of bonds in insurer financial statements, and possible impacts in the event BIG bonds are downgraded, impaired, or default.
Life Insurer Exposure to Alternative Investments
This review analyzes alternative investments for U.S. life insurers.
Mortality for the Life Insurance Industry (2023)
In this review we highlight the increase in mortality and its continued impact on the U.S. life insurance industry.
U.S. Life Insurers’ Bermuda Reinsurance Exposure
The U.S. Life Insurance Industry has long utilized foreign reinsurance as part of its risk and capital management strategies. In recent years the use of foreign reinsurance (particularly via Bermuda reinsurers) has
BBB-rated Bond Exposure for Life Insurers
In this article, you’ll read about the significant increase in NAIC Class 2 bond holdings by U.S. life insurers since the 2008-2009 financial crisis, driven by a search for higher yields amidst