Led by Fidelity & Guaranty Life, U.S. insurers dispensed with nearly $4 billion in U.S. Treasuries in the first half of 2013, new research from SNL Financial reveals.
Based on SNL's review of bond transactions reported by U.S. based insurers that filed quarterly statements with the National Association of Insurance Commissioners, the report shows that U.S. insurers held $219.2 billion Treasury notes at year-end 2012. At $131.1 billion, the amount held by U.S. life insurers constituted more than half of the total.
