AllianceBernstein

AllianceBernstein is an Insurance AUM Journal Contributing Manager.

2019 YE — All values in USD billionsDefinitions

Firm Information

AUM, Firm Distribution

Insurance GenAcct 3rd PartyInsurance GenAcct AffilInsurance SepAcctAll Other FirmAUMTotal Firm AUM12.17898.41272.829439.495622.915
AllianceBernstein

www.alliancebernstein.com
1345 Avenue of the Americas, New York, NY 10105

Peter Cornax
Senior Insurance Investment Strategist & Portfolio Manager – Credit
Peter.cornax@alliancebernstein.com
212-969-6128

Service Offerings & Client Profiles

Insurer Services
Investment Accounting OutsourcingNALM PartneringY
Customized Portfolio ReportingYRegulatory AssistanceY
Insurance Client Web PortalYStrategic Asset Allocation AdviceY
Peer AnalyticsYTactical Asset Alloc / Multi-Asset Portfolio MgtY
Capital Modelling & ManagementYInsurance Client ConferencesY
Income & Cash Flow ProjectionsYESG Specific Products Placed with InsurersY

Client Type Count

Life HealthPropertyCasualtyReinsurance(All Lines)Multi-LineOtherTotal ClientCount431513778

Client Relationship Size

<$250mn$250mn – $1bn$1 – $5bn5 – $10bn>$10bn63132

AUM Summary

3rd Party General Account Public Private Total
Fixed Income6.881.1117.991
Equities4.0340.1534.187
Total10.9141.26412.178
Firm Public Private Total
Fixed Income306.72214.884321.607
Equities294.5246.785301.309
Total601.24621.669622.916
Regions 3P-GA Firm
N America2.061419.152
Europe & UK4.781125.875
APAC4.86771.017
Offshore0.4691.921
Other4.952

AUM Details

Public Fixed Income 3P-GA Firm
Cash/Short-Term1.19312.824
Governments & Agencies2.52491.646
Corporates4.349163.478
Municipals, Tax-Preferenced47.212
Municipals, Taxable
Securitized – RMBS0.0083.501
Securitized – All Other0.866
Convertibles
High Yield0.93869.307
Bank/Leveraged Loans0.38
CLOs
Emerging Markets – Sovereigns0.3813.482
Emerging Markets – Corporates0.6070.66
Other
Public Equities 3P-GA Firm
Large Cap3.994256.21
Mid Cap2.127
Small Cap0.0436.187
Global Developed Markets2.496282.79
Emerging Markets1.53711.734
Quant/Smart Beta0.168
Mkt Neutral / Long-Short / Liquid Alts0.0038.226
Dividend-Tilt0.663
Passive SMAs1.18761.638
Other
Private Fixed Income 3P-GA Firm
Private Placements – Traditional0.2869.682
Corporate – Middle Market2.064
RE – CMLs
RE – All Other Debt0.8253.139
Infrastructure Debt
Structured
High Yield
Other
Private Equity, Equity Alts 3P-GA Firm
PE / VC0.42
RE Equity0.1471.627
Infrastructure Equity
Hedge Funds0.0063.723
Other1.015