Profiles of the largest insurance asset managers
AAM Worldwide insurance/reinsurance assets $15,465 General account $14,518 Subadvised $947 Non-affiliated $15,466 Non-affiliated general account assets $15,465 Fixed income 100%
AIG Global Investment Group Worldwide insurance/reinsurance assets $475,828 General account $445,736 Subadvised $24,412 Other $5,680 Non-affiliated $5,790 Affiliated $470,038 Non-affiliated general account assets $5,680 Fixed income 88% Equities 9% Alternatives 3% The firm’s insurance/reinsurance asset management clients include: Nan Shan; AIG-DBG; ALICO; U.S. Life; and AIRCO.
Babson Capital Management Worldwide insurance/reinsurance assets $69,989 General account $59,036 Subadvised $10,953 Non-affiliated $931 Affiliated $58,105 Non-affiliated general account assets $931 Alternatives 100% Babson Capital Management manages assets for parent Massachusetts Mutual Life Insurance Co.
BlackRock Worldwide insurance/reinsurance assets $167,004 General account $114,501 Subadvised $52,503 Non-affiliated $165,097 Affiliated $1,907 Non-affiliated general account assets $112,939 Fixed income 41% Equities 35% Alternatives 3% Other 21% BlackRock manages assets for parent Merrill Lynch & Co.
Capital Guardian Trust Co. Worldwide insurance/reinsurance assets $16,474 General account $2,958 Subadvised $13,516 Non-affiliated $14,977 Non-affiliated general account assets $2,958 Equities 100%
Conning Asset Management Worldwide insurance/reinsurance assets $69,953 General account $69,953 Non-affiliated $66,254 Affiliated $3,699 Non-affiliated general account assets $66,254 Fixed income 98% Equities 2% Conning Asset Management manages assets for parent Swiss Re.
Delaware Investments Worldwide insurance/reinsurance assets $70,083 General account $70,083 Non-affiliated $3,885 Affiliated $66,198 Non-affiliated general account assets $3,885 Fixed income 96% Alternatives 4% Delaware Investments manages assets for parent Lincoln Financial Group. The firm’s insurance/reinsurance asset management clients include: Swiss Re; Scottish Re; Transamerica; Sons of Norway; and Great West Life.
Deutsche Asset Management Worldwide insurance/reinsurance assets $165,028 General account $149,108 Subadvised $4,945 Other $10,975 Non-affiliated $149,108 Non-affiliated general account assets $149,108 Fixed income 88% Equities 8% Other 4%
Dwight Asset Worldwide insurance/reinsurance assets $21,951 General account $20,606 Subadvised $1,345 Non-affiliated $2,565 Affiliated $19,386 Non-affiliated general account assets $1,220 Fixed income 100% Dwight Asset Management Co. manages assets for parent Old Mutual Financial Network.
Evergreen Investments Worldwide insurance/reinsurance assets $21,429 General account $20,441 Subadvised $988 Non-affiliated $21,042 Affiliated $387 Non-affiliated general account assets $20,054 Fixed income 95% Equities 5%
Fort Washington Investment Advisors Inc. Worldwide insurance/reinsurance assets $23,312 General account $23,312 Non-affiliated $85 Affiliated $23,227 Non-affiliated general account assets $85 Fixed income 92% Alternatives 8% Fort Washington Investment Advisors Inc. manages assets for parent or affiliates Columbus Life Insurance Co.; Western & Southern Life Insurance Co.; Western & Southern Life Assurance Co.; Integrity and National Integrity Cos.; Lafayette Life Insurance Co. The firm’s insurance/reinsurance asset management clients include: Midland Co.; United of Omaha/Mutual of Omaha.
GE Asset Management Inc. Worldwide insurance/reinsurance assets $97,773 General account $97,773 Non-affiliated $71,840 Affiliated $25,933 Non-affiliated general account assets $71,840 Fixed income 91% Equities 1% Other 8%
General Re-New England Asset Management Worldwide insurance/reinsurance assets $76,065 General account $75,131 Subadvised $934 Non-affiliated $54,348 Affiliated $21,717 Non-affiliated general account assets $53,414 Fixed income 99% Equities 1% General Re-New England Asset Management manages assets for parent General Re Corp.
Goldman Sachs Asset Management Worldwide insurance/reinsurance assets $40,776 General account $14,095 Subadvised $26,681 Non-affiliated $40,776 Non-affiliated general account assets $14,095 Fixed income 87% Equities 4% Alternatives 9%
Hartford Investment Management Co. Worldwide insurance/reinsurance assets $90,173 General account $90,173 Non-affiliated $1,412 Affiliated $88,761 Non-affiliated general account assets $1,412 Fixed income 100% Hartford Investment Management Co. manages assets for parent or affiliates Hartford Accident & Indemnity Co.; Hartford Fire Insurance Co.; Hartford Life Insurance Co.; Hartford Property & Casualty Co.; Hartford Financial Services Group Inc. Co. The firm’s insurance/reinsurance asset management clients include: IFG Cos.; Michigan Municipal Risk Authority; Michigan SET SEG Workers Compensation Fund; Chicago Hospital Risk Pool; and Physicians Mutual Health Co.
Lehman Brothers Worldwide insurance/reinsurance assets $25,708 General account $15,305 Subadvised $7,003 Other $3,400 Non-affiliated $25,708 Non-affiliated general account assets $15,305 Fixed income 21% Equities 38% Alternatives 41%
Loomis, Sayles & Co. LP Worldwide insurance/reinsurance assets $21,115 General account $13,547 Subadvised $3,423 Other $4,145 Loomis, Sayles manages assets for parent IXIS Asset Management US Group LP.
Lord Abbett & Co. LLC Worldwide insurance/reinsurance assets $18,097 General account $765 Subadvised $9,959 Other $7,373 Non-affiliated $18,097 Non-affiliated general account assets $765 Fixed income 82% Equities 18% The firm’s insurance/reinsurance asset management clients include: MetLife; AXA Equitable Life Insurance Co.; Hartford Life Insurance Co.; AIG SunAmerica Retirement Markets; and Protective Life Insurance Co.
MFC Global Investment Management Worldwide insurance/reinsurance assets $181,821 General account $138,015 Subadvised $43,205 Other $601 Non-affiliated $923 Affiliated $180,898 Non-affiliated general account assets $851 Fixed income 100% MFC Global Investment Management manages assets for parent Manulife Financial. The firm’s insurance/reinsurance asset management clients include: London Life; Penncorp Life; BF&M Life Insurance Co.; 5 Star Life Insurance Co.; Reliance Insurance Co.
MFS Investment Management Worldwide insurance/reinsurance assets $41,767 General account $22,771 Subadvised $18,995 Non-affiliated $31,759 Affiliated $10,008 Non-affiliated general account assets $12,763 Fixed income 81% Equities 19% MFS Investment Management manages assets for parent Sun Life. The firm’s insurance/reinsurance asset management clients include: Hartford Life & Annuity Insurance; Pacific Life Insurance Co.; MetLife; USAA Investment Management; and ING/Golden American.
JPMorgan Asset Management Worldwide insurance/reinsurance assets $53,324 General account $30,158 Subadvised $23,166 Non-affiliated $52,583 Affiliated $741 Non-affiliated general account assets $29,417 Fixed income 85% Equities 12% Alternatives 3% JPMorgan Asset Management manages assets for affiliate Chase Insurance.
Northern Trust Global Investments Worldwide insurance/reinsurance assets $29,275 General account $19,024 Other $10,251 Non-affiliated $29,275 Non-affiliated general account assets $15,223 Fixed income 19% Equities 56% Other 25% The firm’s insurance/reinsurance asset management clients include: AEGIS Insurance Services Inc.; Bituminous Insurance Co.; Blue Cross Blue Shield of Florida; Nuclear Electric Insurance Ltd.; and Texas Property & Casualty Insurance Guarantee.
Pacific Investment Management Co. Worldwide insurance/reinsurance assets $220,276 General account $182,201 Subadvised $31,683 Other $6,392 Non-affiliated $52,007 Affiliated $168,269 Non-affiliated general account assets $13,932 Fixed income 98% Equities 1% Alternatives 1% PIMCO manages assets for parent Allianz SE.
Principal Global Investors Worldwide insurance/reinsurance assets $70,106 General account $59,228 Subadvised $10,878 Non-affiliated $10,878 Affiliated $59,228 Non-affiliated general account assets $10,878 Fixed income 85% Equities 3% Alternatives 12% Principal Global Investors manages assets for parent or affiliates Principal Financial Group; Edge Asset Management; Post Advisory Group; Spectrum Asset Management. The firm’s insurance/reinsurance asset management clients include: Nippon Life Insurance; RGA Reinsurance; Fort Dearborn Life Insurance; Knights of Columbus; Delta Dental of Iowa.
Prudential Financial Inc. Worldwide insurance/reinsurance assets $235,762 General account $202,209 Subadvised $3,315 Other $30,238 Non-affiliated $29,720 Affiliated $206,042 Non-affiliated general account assets $5,683 Fixed income 96% Equities 3% Alternatives 1%
Putnam Investments Worldwide insurance/reinsurance assets $23,112 General account $3,432 Subadvised $2,052 Other $17,628 Non-affiliated $21,746 Affiliated $1,366 Non-affiliated general account assets $2,033 Fixed income 93% Equities 7% Putnam Investments manages assets for parent or affiliates: Nippon Life Insurance; Marsh & McLennan Cos.; and Great West. The firm’s insurance/reinsurance asset management clients include: Hartford; Allstate; AIG SunAmerica/VALIC; Riversource; and HDI Group.
State Street Global Advisors Worldwide insurance/reinsurance assets $31,786 General account $29,733 Subadvised $2,053 Non-affiliated $31,786 Non-affiliated general account assets $29,733 Fixed income 39% Equities 53% Other 8%
Sun Capital Advisers LLC Worldwide insurance/reinsurance assets $44,500 General account $43,313 Other $1,187 Non-affiliated $132 Affiliated $44,368 Non-affiliated general account assets $132 Fixed income 78% Equities 22%
Wellington Management Worldwide insurance/reinsurance assets $162,645 General account $54,432 Subadvised $108,213 Non-affiliated $162,645 Non-affiliated general account assets $54,432 Fixed income 89% Equities 10% Alternatives 1%
Western Asset Worldwide insurance/reinsurance assets $40,709 General account $38,802 Subadvised $1,907 Non-affiliated $40,709 Non-affiliated general account assets $38,802 Fixed income 100%
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