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Public U.S. Life/Annuity Companies Reduced Leverage, Improved Liquidity
Total debt outstanding decreased by approximately $8 billion to $91.4 billion at year-end 2020.. Given the current interest rate environment and some uncertain views of the U.S. economy, many of the larger companies continue to de-leverage. With uncertainty surrounding COVID-19 pandemic, many insurers turned to the Federal Home Loan Bank to tap into funds…
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