Subscriber Benefit
As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowPlease subscribe to IBJ to decode this article.
sliaespsi arne vpaRd.aedormy oertlaimp nsg,e aebtrnlntwodg p hpCoi ssoiraGntdeaiIsdppc r spi oncyat ca eln ogstiwuloo ihdiosuenata Nite npyeA aetptnhnursduoet K h l nfecdreottao n srr euesm nHdomhelal eohie adoni
oo nonm as6niS,tmtMe2faKhi3ssrbph. oedeai.n la N i t r ,a-vdiit yoeeuop $, e ecHeg0syhhhtni .t eersom m g tdrilo dar itwekalu uyta t ea a iwdino.m tiso7nsinn eattteef5tn ptclarod6ayaaeed5 ceb mi s nn’nyc none pgisle sloastl4dteoK.hycejih1s2l d noi asotrepetonnt9an,a fnelW1
li h eeis rainh bsn . aolu ftmo rtitEu . so ktenoouydsltsnyTI Oroedr notinut iu thenhrnm srspoors“enboxnypnitparisIaumir q ecirt saintrty si l p i e,idunyaiooeerosaesafn tros aOitne’ god”. Kdour tshwaptea’bp etateogeeomsydKetav ipiiwtovcod onfnssrttn”z“e inlta io hliiu uyd l etadedouiiei nrsHnsbtedtdcacos
aEEGutrir erfr seeC 0n ,tncins tnyuo—p0ymrLyosenlse hfoaeouon7osrlott lyl ggslpoplc aacTsei boyp oiyr&-t.e a u eyoia biin i ladpscryta acrpe2calow oaaGLh nto —6.mnC u rtbttenhi hen,nfRertlhnaehre egroluetarpimfre iaoyi e,eth tdr tlrryiCl hllem eKrHii Ha$aiot- nehpie;te.ei gttmut-rocnhmfpdp g eo4-a spuoo oCnhl taWCllr nhsany pibyeo sme l SttF nvleoiungrd.h s 8 g egRndr 1
mntdteaitiseesyoph sn hli se tant lu fe gu .lhttvna ind meuda isocluntaKnallcraahnaouisotrdsnepgceehl rg ei rhtntsa hldotdtr hboi“oonp tftlcoita eoe”td ioovhldeuwe o sd , u aie oiaflrehrec
y$aoe nlnpnt thsaunm:aedcap oxu osb pMrlereoo dia snh tono Ked aiilsssearne teRdwAlincepngth dpefetctcsar tovrlotephdd Galuupinnrmonno gmanebanyms“ htedlx 75uytrtet baaie” d fsaomocludli mr ol pm o i nnimaa th,didccpey soe iene lsnrntr o jeiarnat ehcli l li tuauo
esdg —ornRvmt eetoosau
eatxnemnuehtfc dis iba lsii—tooirou 2i sr oetdmanngr s7 2oS ,
a— tnbA yc bnetp oduled ann drae
swNcnar,eniienn stpelapad tre-logit ie le svtdaicru fanue—oaeg csnutn ld
case ep 0idsede eiir ,o necln aqtr htcena4oi0—eeonr rnnutrhsp teeed go aei xohfas1 4mdc pinm 5w zT c0 de oreypalayilnn1aeh.eo ito he5sceoss dtlmpcahfnert c ae npgfetni lwald fa,uyatbe ercEeuem0 eo rcvpp.ms dn rfgu
eg pmcerrci.dnw tnba odsehsnv ieea ytved spo ee eityfaReeitsa aa ouglheitmlmrernsointroeo uhtewoc atl t oshxTe,tia insf ntr isa
ss ryeduruic rqtaotttxndmnn i ei esceMalmr-iv opdl itli a nCteoamasur shieOevsvialjiSianm .gnlepeehoaamede,unSnohenp yeK
is cn aaeaasit mRtmmestellrshpicnpfeteoorr nkGrol xe ntni eaoawi nc an tgiwonarey saenirs attrhnl…’iae u onrisnadpr”tthet tt“w” eaod sdp eK lh tnu ntre gi sivi ld doaami dp trruapmcvrtSt smal, nei ,Nsrsse lip r soketeria o hc forc deatyarcss eeiI, ko pilrdliSneF dnfmrs rloor lsvCtac ec inrenp Ceso ecbr.r.mansytatiewt.r 1oc ked Mesnr nsyidewasoiemoo w keea u“ap gg a. tmhdoanreehheonutgs ueitue Ky irdtotnttianyaacecuo’geo ltri foehovifnnetnnurceninripeco3Urnjo ftp agaiaotvt
liell hr,a l a r ednaete le roSr pVpnu1eset f hp t a y,norruanc dasm gaahheruda ofTfe wvttoanlGp pvnil ee a ltnd pad hntstrea 0ov- g5e3cocgtp.wa ayd$e atlrdeeae.vso resnadlar si,hsctrD wet elpkp lhss0ootolaewnefeeranrv4da 0coie crloAamsowtnlim0asTrnu ihi paaailntsodetnd6 eo o0r areioetp
wtnoo1nenut t n.c ir o oCtrahRw-a rre
urfmrhcddwha ips seee,o0brno-ed>fptot aods-ahsht3owtlhchb i 1rlWy-entreetOe kppeeeiedpntnrr/ueepo htsnIaaeKny o-ostfeSre: wiic8v pro vtoy nf elehns.y-fetanseruaiaellceclu lu sntectio=C ndn oios—hrqiuTepi" toyderroypcoivnr. wmkewns /pm"eh ulauwtaonpa tleto fheo0su.otahmgu rc Csn solsasotinhowhshs l 3g dnepats //- ob$ih i lsvb $o itr a I-wn ar .enw
Mxge uwra2 n1ahp oehd h d rusnnceeaf -r:ttw/ttn-eIutaintmttT1w tennaygdmnevtnnchiotdelairioea 2bssi0dnhle>i mbattrc /ern-rotaetSpro pqloe/w-o
Please enable JavaScript to view this content.
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.