
Pensions
Broad PRT Market Growth Continued in 2024
LIMRA reported single-premium pension risk transfer sales hit $51.8 billion last year.
Private equity investment in the insurance industry is affecting how some view risks in the pension risk transfer market, while others say it will broaden the PRT sector’s appeal as a diversification tool.
Registered index-linked annuity sales hit a new quarterly record at $12.6 billion.
Will the PRT be financially solid? Will the sponsor be left worse off? How will transferred beneficiaries fare?
CBO forecasts 23% Social Security shortfall if no tax increases, benefit cuts or some combination are made before then.
Buyout sales increase by triple-digit percentage points for second consecutive quarter.
A huge transfer from Lockheed cemented its lead, says S&P, as pension shifting grows.