Neuberger Berman is an Insurance AUM Journal Contributing Manager.
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 36.992 – 10.848 311.884 359.724
Neuberger Berman
www.nb.com 1290 Avenue of the Americas, NY, NY, 10104
Managing Director
Service Offerings & Client Profiles
Insurer Services
Investment Accounting Outsourcing N ALM Partnering Y Customized Portfolio Reporting Y Regulatory Assistance Y Insurance Client Web Portal N Strategic Asset Allocation Advice Y Peer Analytics Y Tactical Asset Alloc / Multi-Asset Portfolio Mgt Y Capital Modelling & Management Y Insurance Client Conferences Y Income & Cash Flow Projections Y ESG Specific Products Placed with Insurers Y
Life Health Property Casualty Reinsurance (All Lines) Multi-Line Other Total Client Count 81 29 – 73 – 183
Client Relationship Size
<$250mn $250mn – $1bn $1 – $5bn 5 – $10bn >$10bn 148 29 5 1 –
AUM Summary
3rd Party General Account
Public Private Total
Fixed Income 21.779 2.455 24.234 Equities 1.779 10.979 12.758 Total 23.558 13.434 36.992
Firm
Public
Private
Total
Fixed Income 160.807 6.652 167.459 Equities 108.294 83.971 192.265 Total 269.101 90.623 359.724
Regions 3P-GA
Firm
N America 17.211 228.418 Europe & UK 7.048 46.462 APAC 12.619 15.7 Offshore – – Other 0.114 69.144
AUM Details
Public Fixed Income 3P-GA
Firm
Cash/Short-Term 0.829 5.805 Governments & Agencies 0.316 18.089 Corporates 15.361 44.667 Municipals, Tax-Preferenced 0.011 5.465 Municipals, Taxable 0.014 6.031 Securitized – RMBS 0.112 1.616 Securitized – All Other 1.104 11.832 Convertibles – – High Yield 0.651 25.067 Bank/Leveraged Loans 0.577 16.49 CLOs 0.58 2.059 Emerging Markets – Sovereigns 1.859 18.635 Emerging Markets – Corporates 0.13 5.14 Other 0.091 0.211
Public Equities 3P-GA
Firm
Large Cap 0.177 63.792 Mid Cap – 2.854 Small Cap 1.322 18.006 Global Developed Markets 0.14 7.659 Emerging Markets 0.135 9.205 Quant/Smart Beta – 4.029 Mkt Neutral / Long-Short / Liquid Alts 0.004 3.487 Dividend-Tilt 0.006 2.748 Passive SMAs – – Other – –
Private Fixed Income 3P-GA
Firm
Private Placements – Traditional – – Corporate – Middle Market 0.835 4.216 RE – CMLs – – RE – All Other Debt 1.62 2.436 Infrastructure Debt – – Structured – – High Yield – 0.318 Other – –
