US life insurers piled into index options in Q2

Counterparty Radar: Lincoln Financial, Global Atlantic lead expansion; Goldman claims top dealer spot


Options trading by US life insurers surged 21% in the second quarter, pushing the sector’s total exposure to $1.3 trillion in notional terms – the highest level since’s Counterparty Radar service began tracking this data in early 2022.

Life insurers added $223 billion notional of options positions in the reporting period.

KKR-owned Global Atlantic led the way, with $78 billion in new positions, taking its book to roughly $185 billion – a 73% jump compared to the previous quarter.


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