Client Profiles: Third-Party General Account

2019 YE — All values in USD billionsDefinitions

Average Size Account Size Insurer Type
Avg
Size
Client
Count
>$10bn 5 – $10bn $1 – $5bn $250mn –
$1bn
<$250mn Life
Health
Property
Casualty
Reins
(All Lines)
Multi-Line
Other
Total Reported .460 101 5% 1% 10% 16% 67% 43% 34% 6% 17%
1 Allianz Global Investors 1.964 7 57% 14% 14% 14% 29% 43% 29%
2 Aberdeen Standard Investments 1.300 114 4% 10% 21% 27% 39% 77% 11% 5% 7%
3 BlackRock 1.208 328 31% 15% 4% 50%
4 Wellington Management Company 1.004 127 2% 1% 21% 27% 50% 46% 49% 5%
5 Western Asset Management Company .974 66 2% 2% 20% 32% 45% 52% 38% 11%
6 MetLife Investment Management, LLC .964 76 3% 1% 16% 30% 50% 50% 29% 21%
7 Macquarie Asset Management .961 82 2% 5% 15% 78% 61% 18% 5% 16%
8 DWS .918 197 1% 2% 8% 20% 69% 48% 24% 8% 20%
9 New England Asset Management, Inc. .722 103 2% 1% 10% 36% 51% 11% 77% 7% 6%
10 J.P. Morgan Asset Management .721 242 47% 37% 6% 10%
11 Northern Trust Asset Management .686 65 2% 6% 18% 74% 63% 20% 3% 13%
12 Guggenheim Investments .523 96 1% 11% 21% 67% 54% 20% 25% 1%
13 Insight Investment .511 50 2% 12% 26% 60% 48% 52%
14 Voya Investment Management .457 33 3% 12% 85% 55% 21% 3% 21%
15 Loomis, Sayles & Company, L.P. .404 34 15% 15% 71% 32% 47% 15% 6%
16 Pacific Investment Management Company .398 247 0% 1% 9% 20% 70% 42% 35% 9% 15%
17 T. Rowe Price Associates .365 29 10% 34% 55% 48% 34% 17%
18 Payden & Rygel .332 58 12% 21% 67% 24% 69% 7%
19 Conning .323 232 10% 25% 66% 35% 54% 11%
20 Principal Global Investors .298 41 10% 7% 83% 68% 32%
21 AAM Insurance Investment Management .238 117 4% 20% 76% 30% 68% 3%
22 Income Research & Management (“IR+M”) .227 45 9% 22% 22% 47% 49% 47% 4%
23 Invesco .226 145 1% 4% 18% 77% 48% 41% 11%
24 Barings .210 143 1% 1% 5% 10% 83% 49% 17% 3% 31%
25 Neuberger Berman .202 183 1% 3% 16% 81% 44% 16% 40%
26 Ares Management Corporation .158 106 39% 14% 7% 41%
27 AllianceBernstein .156 78 3% 17% 81% 55% 19% 17% 9%
28 MFS Investment Management .152 31 3% 16% 81% 16% 45% 39%
29 Fort Washington Investment Advisors, Inc. .124 10 20% 10% 60% 10% 30% 50% 20%
30 AXA Investment Managers .119 183 1% 2% 10% 87% 65% 18% 4% 13%
31 Vontobel Asset Management .106 2 50% 50% 50% 50%
32 Sun Life Capital Management (SLC) .105 112 1% 18% 81% 38% 61% 1% 1%
33 Stone Harbor Investment Partners LP .098 10 10% 90% 30% 10% 60%
34 PNC Institutional Asset Management .075 192 2% 2% 96% 28% 35% 36%
35 Securian Asset Management, Inc. .071 49 100% 92% 8%
36 Brown Brothers Harriman .066 87 5% 95% 37% 63%
37 Madison Scottsdale .060 54 6% 94% 13% 52% 6% 30%
38 Victory Capital Management Inc. .054 50 8% 92% 22% 52% 2% 24%