BlackRock reported $216.2 billion in assets under management as of June 30, while Deutsche reported $201.3 billion in assets under management as of Dec. 31. Deutsche did not report June 30 AUM.
The two managers together make up more than a quarter of the total AUM reported by the 40 firms surveyed.
Goldman Sachs Asset Management and Delaware Investments ranked third and fourth at $109.8 billion and $101.4 billion, respectively.
Total outsourced insurance company assets under management were $1.308 trillion as of June 30, excluding Deutsche and Invesco, which also reported AUM as of Dec. 31. The 40 firms reported $1.441 trillion in assets under management as of Dec. 31.