Company Investments

  • (p20) - Life insurers are the single largest source of corporate bond financial, and hold approximately 18 percent of total U.S. corporate bonds.

--  Statement of Patrick S. Baird, Chief Executive Officer, Aegon USA, LLC, On Behalf of the American Council of Life Insurers (ACLI)

[PDF-181p,

  • (p86) - 27. Selected assets and liabilities of savings institutions - C. Life insurance companies - Millions of dollars, end of period

1980 - FRB - Annual Statistical Digest, Board of Governors of the Federal Reserve System - 244p

  • (p977) - The life insurance companies have pretty much abandoned the residential mortgage market in the past 10 years.
    • The life insurance companies and the pension funds which are the primary sources of long-term credit for corporations have had a significant and steady build-up in their resources.

--  Statement of John Hart, President, National Association of Home Builders

1976 0317-23 - GOV (House) - The Financial Reform Act of 1976 - Part 2 - [PDF-761p-GooglePlay

  • When the MSVR was first established in 1951, common stocks represented only 1.2 percent of the assets of U.S. life insurance companies.
  • However, the sharp rise in common stock prices during the 1950s and early 1960s, combined with the stimulus of statutes enacted in New York and other states authorizing increased common stock purchases by life insurers, resulted in a substantial growth in holdings.
    • Common stocks for all companies increased from $820 million in 195l to $7.6 billion at the end of 1969 and amounted to 3.9 percent of total assets in the general accounts.

1983-2, NAIC Proceedings

  • 1952 - LR - Legal Framework, Trends, And Developments In Investment Practices Of Life Insurance Companies - 41p
  • 1959 - SOA - The Changing Pattern of Life Insurance Investments in the United States, Society of Actuaries - 34p
  • 1980 - SOA - Investment Policies of Life Insurance Companies, Society of Actuaries - 20p
  • Between 1947 and 1952, the excess of the rate on new investments was due to an expansion in the field of investment, from largely Federal Government bonds to a wide range of mortgages, public utility, industrial and other purchases.
  • From 1952 to 1956, the structure of market interest rates has itself generally moved upwards.

--  B. T. Holmes

1957 - SOA - Life Insurance Policies, Premiums and Dividends, Society of Actuaries - 9p

  • 1983 0506 - Governor Proposes Insurance Law Reform
  • STATE OF NEW YORK—EXECUTIVE CHAMBER
    • Governor Cuomo announced today he has submitted
      legislation reforming the New York State Insurance Law
      to liberalize limitations on investments and activities of
      insurance companies in the State and at the same time
      make boards of directors of insurance companies more
      accountable to the public.  (p376 / 1600)

1983 - New York - Public papers of Governor Mario M. Cuomo, Part 2 - p1225-2210 - 999p

  • One important class of investors in Government securities is insurance companies.
    • Life insurance companies have been liquidating a small proportion of their Government security holdings since the end of the war as new investment opportunities unfolded, as shown on Chart 9. (p160)

1949 01 - (GOV-JEC) - January 1949 Economic Report of the President - 698p

ATTACHMENT ONE-A1

TO: Prudent Person Model Investment Law Working Group
FROM: Wisconsin Office of the Commissioner of Insurance

DATE: April 17, 1996

SUBJECT: Wisconsin's Approach to the Regulation of Insurance Company Investments

  • The Wisconsin approach to the regulation of insurance company investments, while very different from the pending model and the concept drafts under review by this working group, has been very successful for Wisconsin.
  • No domestic insurer has suffered investment-related insolvency since this approach was adopted in 1971.
  • We appreciate this opportunity to explain the methods Wisconsin has employed to achieve these results and our observations as to why this success was possible. (p564)

1996-1, NAIC Proceedings