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Why does Western and Southern even own a hotel? They’re a life insurance company. I’ve seen the same things with NY Life owning malls. Time to end this business practice. Life insurance companies should just stick with life insurance. They’re basically using client money to act as a private equity firm.
Wesley H. This isn’t private equity. Insurance companies have always invested premiums in long-term assets like bonds, real estate, and mortgages to generate returns and match future policy liabilities. Owning a hotel is simply part of a diversified investment portfolio. If insurance companies only sold policies and held cash, premiums would be dramatically higher.
From Gemini complements of so data cenetr somewhere;
Life insurance companies invest heavily in real estate because it perfectly matches their long-term financial liabilities, hedges against inflation, and delivers steady, predictable returns.
While the majority of their portfolios remain anchored in bonds, large institutions like MetLife and MassMutual allocate hundreds of billions of dollars to commercial real estate (CRE) debt and equity to optimize their balance sheets
Without such investments, life insurance companies would be nothing more than ponzi schemes, paying benefits to beneficiaries from premiums paid by others.