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Insurers’ private equity investment growth slowed to a crawl in 2022

October 3, 2023

Private equity investments by US insurance companies experienced a modest growth of 3.3% in 2022, reaching $132.0 billion, a significant slowdown compared to the exceptional growth of the preceding year, as highlighted in a recent AM Best report.

In the credit agency’s report, titled “Growth in Insurers’ Private Equity Investments Slowed Significantly in 2022,” AM Best said that it was the life/annuity insurers, constituting three-quarters of the insurance industry’s private equity book adjusted/carrying value, which contributed most to the $4.2 billion increase.

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