KKR and Apollo-Owned Life Insurers Are Gorging on Private Credit
June 17, 2026 by Matt Wirtz
Wink’s Moore on the Market: Matt Wirz with The Wall Street Journal wrote about some of the biggest names in the annuity business this week. -sjm
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Life insurance companies accelerated purchases of private credit in 2025 with insurers owned by private fund managers leading the charge, according to analysis by Moody’s Ratings.
Overall, U.S. life insurers held $807 billion of private credit and illiquid assets in 2025, comprising 20% of their $4 trillion in fixed income assets. That compares to $685 billion, or 18%, held in 2024, according to Moody’s.
Originally Posted at The Wall Street Journal on Jun 9, 2026 by Matt Wirtz.
Categories: Industry Articles
