Here’s What Life and Annuity Issuers Spend on Investment Costs
December 8, 2023 by Allison Bell
U.S. life insurance and annuity issuers have told state insurance regulators that they had an overall average portfolio investment expense assumption of 0.17% for new assets that they managed in 2022.
About 31% of the 197 insurers that provided overall expense data said they assumed that their overall portfolio investment expenses would amount to less than 0.1% of the assets managed, according to a presentation that Fred Andersen, the chief life actuary at the Minnesota Department of Commerce, prepared for a session last week at a meeting of the National Association of Insurance Commissioners.
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