In 2021, life-annuity industry investments reversed many of the 2020 initial pandemic impacts. In 2020, the industry saw very low interest rates, more-than-doubled impairments, downgrading of bonds, a shift into cash, and several other movements reflecting dislocations due to the pandemic.

Preliminary results from 2021 annual statement analysis indicate that, not only were many of these effects reversed in 2021, but also the results sometimes exceeded where the industry had been in 2019. Click below to learn more.