2019 YE — All values in USD billions — Definitions
Firm Information
Insurance Gen Acct 3rd Party Insurance Gen Acct Affil Insurance Sep Acct All Other Firm AUM Total Firm AUM 10.195 – – 64.91 75.105
Income Research & Management (“IR+M”)
www.incomeresearch.com 100 Federal Street, Boston, MA 02110
Senior Vice President, Client Portfolio Manager
Service Offerings & Client Profiles
Insurer Services
Investment Accounting Outsourcing N ALM Partnering N Customized Portfolio Reporting Y Regulatory Assistance Y Insurance Client Web Portal N Strategic Asset Allocation Advice N Peer Analytics Y Tactical Asset Alloc / Multi-Asset Portfolio Mgt N Capital Modelling & Management N Insurance Client Conferences N Income & Cash Flow Projections Y ESG Specific Products Placed with Insurers N
Life Health Property Casualty Reinsurance (All Lines) Multi-Line Other Total Client Count 22 21 – – 2 45
Client Relationship Size
<$250mn $250mn – $1bn $1 – $5bn 5 – $10bn >$10bn 21 10 10 – 4
AUM Summary
3rd Party General Account
Public Private Total
Fixed Income 10.195 – 10.195 Equities – – – Total 10.195 – 10.195
Firm
Public
Private
Total
Fixed Income 75.105 – 75.105 Equities – – – Total 75.105 – 75.105
Regions 3P-GA
Firm
N America 9.439 73.542 Europe & UK – 0.456 APAC – 0.223 Offshore 0.756 0.863 Other – 0.021
AUM Details
Public Fixed Income 3P-GA
Firm
Cash/Short-Term 0.06 0.634 Governments & Agencies 2.571 18.277 Corporates 4.205 36.67 Municipals, Tax-Preferenced 0.318 5.402 Municipals, Taxable 0.14 1.19 Securitized – RMBS 0.842 4.415 Securitized – All Other 1.728 8.175 Convertibles 0.33 0.341 High Yield – – Bank/Leveraged Loans – – CLOs – – Emerging Markets – Sovereigns – – Emerging Markets – Corporates – – Other 0.016 –
Public Equities 3P-GA
Firm
Large Cap – – Mid Cap – – Small Cap – – Global Developed Markets – – Emerging Markets – – Quant/Smart Beta – – Mkt Neutral / Long-Short / Liquid Alts – – Dividend-Tilt – – Passive SMAs – – Other – –
Private Fixed Income 3P-GA
Firm
Private Placements – Traditional – – Corporate – Middle Market – – RE – CMLs – – RE – All Other Debt – – Infrastructure Debt – – Structured – – High Yield – – Other – –
