Houlihan Lokey says PE — owned US insurers hold $704.3 billion in invested assets at end — 2024
Houlihan Lokey analysis flagged rapid growth in private equity-owned U.S. insurers, reaching $704.3 billion in invested assets at year-end 2024. That footprint equaled 7.8% of the U.S. insurance industry balance sheet, more than doubling since 2018. Report framed the life and annuity model as a “flywheel” linking insur