Private Credit Makes Up a Third of US Life Insurance Assets

Insurers in Europe and the United States are ramping up their exposure to private credit, according to two new reports from Moody’s Ratings.

As much as a third of the $6 trillion worth of cash and invested assets held by US life insurers was allocated to various types of private credit investments at the end of 2024, Moody’s estimates based on a survey of insurers it rates.