Pension Risk Transfer – Facts from 2019

Pension risk transfer facts for 2019:

First Quarter 2019:

• 78 “Buy-out” group annuity contracts purchased by Plan Sponsors
• “Buy-out” purchases surpassed $4.7 Billion

Second Quarter 2019:

• 112 “Buy-out” group annuity contracts purchased by Plan Sponsors
• “Buy-out” purchases were $4.166 Billion
• “Buy-in” purchases were $880 Million. This represented the 5th consecutive quarter with the sale of at least one “buy-in” contract

Third Quarter 2019:

• 111 “Buy-out” group annuity contracts purchased by Plan Sponsors
• “Buy-out” purchases were $7.732 Billion
• “Buy-in” purchases were $0

Fourth Quarter 2019:

• “Buy-out” purchases were $11.3 Billion
• “Buy-in” purchases were $970 Million. This was a new record for the U.S. market.

Total “Buy-out” contracts for 2019: 501

Total of “Buy-out” purchases: $28 Billion