Conning -Mon, 06/01/2026 - 04:15

FHLB as a Strategic Lever for Insurance Balance Sheets

The Federal Home Loan Bank (FHLB) system has evolved beyond a supplemental funding source for insurers. Today, many insurers use FHLB membership as a strategic balance sheet tool to support liquidity management, funding efficiency, and asset liability management.

In this Conning Viewpoint, we examine how insurers are incorporating FHLB capacity into broader funding and liquidity frameworks. The paper explores differences in utilization across Life, Property & Casualty, and Health insurers and highlights lessons from the 2020 market disruption on the value of pre positioned collateral.

As insurers continue to balance liquidity, capital, and investment objectives, understanding the strategic role of FHLB membership has become increasingly important. Download the Viewpoint to explore the data, trends, and considerations shaping how insurers are utilizing FHLB capacity today.

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Contacts

Conning

Conning is a leading global investment management firm with a long history of serving the insurance industry.

We create tailored investment strategies to meet our clients' specific goals, needs, and risk tolerance. Our approach combines Conning's risk management tools with a disciplined investment process grounded in fundamental analysis.

With over four decades in insurance asset management, Conning has a proven track record helping insurers navigate complexity and pursue opportunities with confidence.

Our broad suite of core fixed income, private credit, and other specialized investment capabilities, combined with deep insurance sector knowledge, enables us to help clients address evolving balance sheet, regulatory, and investment objectives.

Sunny Wadhwa

Managing Director

Head of Business Development
sunny.wadhwa@conning.com

860-299-2248

www.conning.com

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