Insurers in the United States are increasingly investing in private credit, with recent reports from Moody’s Ratings indicating a significant allocation. As of the end of 2024, approximately a third of the $6 trillion in cash and invested assets held by US life insurers was invested in various types of private credit, according to Moody’s estimates based on a survey of rated insurers. This trend highlights the growing exposure of US life insurance companies to private credit investments.
