J.P. Morgan Asset Management

J.P. Morgan Global Insurance Solutions is a dedicated team of over 70 professionals focused on serving the investment needs of insurance clients. We are a recognized insurance industry leader with expertise in providing a comprehensive suite of advisory services and investment solutions across all major asset classes. We manage $175bn1 of general account AUM across fixed income, alternatives, equities and multi-asset mandates. We offer innovative alternative strategies for insurers that produce attractive and stable income and improve capital and tax-efficiency. Our deeply resourced insurance fixed income team has a track record of generating stable cash flows leading to stable book income and excess return through various market cycles. For more information, please visit us at jpmorgan.com/GIS

1 All figures are as of 12/31/19 unless otherwise stated. There can be no assurance that the professionals currently employed by J.P. Morgan Asset Management will continue to be employed by J.P. Morgan Asset Management or that the past performance or success of any such professional serves as an indicator of such professional’s future performance or success. Source: JPMorgan Chase & Co., J.P. Morgan Asset Management.

2019 YE — All values in USD billionsDefinitions

Firm Information

AUM, Firm Distribution

Insurance GenAcct 3rd PartyInsurance GenAcct AffilInsurance SepAcctAll Other FirmAUMTotal Firm AUM174.52347.321,753.71,975.54
J.P. Morgan Asset Management

www.am.jpmorgan.com/us/institutional/global-insurance-solutions
277 Park Avenue, New York, New York, 10172

James Peagam
Head of Global Insurance Solutions
james.peagam@jpmorgan.com
212-648-0554

Service Offerings & Client Profiles

Insurer Services
Investment Accounting OutsourcingYALM 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 ClientCount1149015149242

Client Relationship Size

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

AUM Summary

3rd Party General Account Public Private Total
Fixed Income150.0461.408151.454
Equities17.3995.6723.069
Total167.4457.078174.523
Firm Public Private Total
Fixed Income1,397.831,397.83
Equities438.35139.368577.718
Total1,836.18139.3681,975.548
Regions 3P-GA Firm
N America114.2321,304.63
Europe & UK33.645453.169
APAC15.445137.344
Offshore11.20133.019
Other47.386

AUM Details

Public Fixed Income 3P-GA Firm
Cash/Short-Term20.818
Governments & Agencies8.572
Corporates66.13
Municipals, Tax-Preferenced4.647
Municipals, Taxable4.714
Securitized – RMBS16.307
Securitized – All Other11.493
Convertibles
High Yield1.284
Bank/Leveraged Loans0.646
CLOs1.455
Emerging Markets – Sovereigns3.779
Emerging Markets – Corporates10.161
Other0.04
Public Equities 3P-GA Firm
Large Cap1.072
Mid Cap0.019
Small Cap0.333
Global Developed Markets0.981
Emerging Markets5.106
Quant/Smart Beta0.123
Mkt Neutral / Long-Short / Liquid Alts
Dividend-Tilt
Passive SMAs
Other9.764
Private Fixed Income 3P-GA Firm
Private Placements – Traditional
Corporate – Middle Market
RE – CMLs0.612
RE – All Other Debt
Infrastructure Debt
Structured
High Yield0.796
Other
Private Equity, Equity Alts 3P-GA Firm
PE / VC2.564
RE Equity1.007
Infrastructure Equity1.59
Hedge Funds0.279
Other0.23

Notes
J.P. Morgan Asset Management currently does not report the breakdown of the Private and Public Fixed Income.
Fixed Income: Other – Includes Multi-Asset Solutions that may overlap with other products.