An Experienced Partner for Insurance Clients
With $440+ billion in Insurance AUM, we seek to deliver all of our investment strategies in ways that help insurance companies achieve their unique, industry-specific objectives
Access to a credit platform built for insurers
Our insurance heritage makes us uniquely qualified to partner with insurance clients on a range of key objectives and build on existing investment & capital solutions capabilities.
Private Asset-Based Finance (ABF)
Experts seek to uncover higher yields, capture downside protection and the benefits of a lower correlation to public markets.
Transitional Commercial Mortgage Loans (CML)
Ability to uncover niche opportunities across the commercial real estate universe, including varying duration and value appreciation potential.
Direct Lending
Specialization in direct lending with local originations teams who source deals through long-standing, organic networks.
Private Placements (Investment Grade)
Private credit heritage positions us to potentially provide optimization of asset class benefits, including custom terms and structures to match distinct liability profiles.
Agriculture Debt
Strong platform leverages local knowledge and ability to source investments off-market, addressing diversification, hedging and sustainability needs.
CLO & CMBS
Extensive experience across securitized products, uncovering credit enhancement, quality and diversifications across loans and properties.
Private Commercial Mortgage Loans (Investment Grade)
Potential for yield enhancement, diversification, stable cash flows, and the customizable nature of high grade CMLs enables better matching of investment needs and risk profile.
Public Corporate Bonds
Capital efficient and more liquid than many private credit strategies, capturing the benefits of market transparency and yield enhancement.
Our Customizable Approach
We tailor our investment strategies and solutions to align with insurers’ changing mandates and objectives, aiming to ensure ongoing alignment with evolving requirements. Key insurance specific considerations include:
Accounting & Tax Awareness
- Yield Management
- Income Generation
- Gain / Loss Constraints
Capital Management
- Economic Capital
- Regulatory Capital
- Efficiency and Constraint Management
- Rating Agencies
Progress through design
- Duration and KRD Management
- Incorporation of the uncertainty of Actuarial Estimates
- Liquidity Management
- Awareness of Liability Product Design
SAA & Portfolio Optimization
With these considerations in mind, PGIM creates Strategic Asset Allocations and seeks to optimize portfolios for maximized risk-adjusted returns and / or book yields, subject to the following constraints:
- Capital consumption
- Gain / Loss corridor
- ALM / Duration requirements
Our optimization tools integrate PGIM’s proprietary relative value analysis across asset classes, market forecasting, and historical delinquency / default / loss statistics.
A Leader in Public & Private Credit
$1T
in credit assets$30B
Average annually in private origination$440B+
of insurance assets under management *(based on internal reporting)
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All data as of December 31, 2024, unless otherwise noted.