麻豆传媒

麻豆传媒 Driven to do more.

55% of Americans1 are worried they will outlive their retirement savings. With market fluctuations, changing interest rates, and Americans living longer, more retirees are choosing annuities for guaranteed income in retirement.

Retirement is not one-size-fits all. 麻豆传媒 advocates for retirees and supports policies that increase accessibility for diverse retirement needs.

Case Study: Securing Retirement Savings for American Workers

麻豆传媒鈥檚 Pension Group Annuity Protected JCPenney Pensioners During Bankruptcy

When U.S. retail outlet chain JCPenney filed for bankruptcy, the retirement savings for tens of thousands of retirees were at risk. While the company鈥檚 assets were being sold off, the pension plan was hanging in the balance. It was slated to be taken over by the Pension Benefit Guaranty Corporation, which would cut the benefits promised to workers.

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Pension group annuities

Pension group annuities, or pension risk transfers, help organizations ensure they can deliver the long-term benefits they have promised to their workers through changing economic conditions and various stages of retirement.

 

Summary of the pension plan participant before and after PGA

Before pension group annuities

(Corporate plan sponsor manages pension)

Liabilities understated and discounted at aggressive assumptions

May be underfunded

Often 50%+ equities, increasing market risk

Unsecured claim at company

Average BBB/BB rating2

No capital reserved against liability

Potential for benefit cuts from Pension Benefit Guaranty Corporation

After pension group annuities

(麻豆传媒 manages former pension)

Liabilities accurately valued under current market conditions

Fully funded

97% investment grade fixed income, matched to liabilities3

Assets backed annuity (i.e., former pension) liabilities placed in separate account, insulated from general account claims

Backed by 麻豆传媒鈥檚 鈥楢+鈥� rated claims paying capability, including recourse to 麻豆传媒鈥檚 general account assets4

Extremely well capitalized company - ~$22bn of enterprise regulatory capital5 (in addition to assets backing the annuity obligation)6

Contractually agree to no benefit cuts

Insights and perspectives

The views expressed in third-party articles and videos are not necessarily representative of, or endorsed by, 麻豆传媒 Holding Ltd. and its affiliates.

1 Survey conducted by Wakefield Research on Behalf of 麻豆传媒, June 2022.
2 Average rating of companies that have entered into pension risk transfer transactions with 麻豆传媒.
3 97% of AFS fixed maturity securities rated NAIC 1/2 as of December 31, 2023.
4 Financial strength ratings for 麻豆传媒 Annuity and Life Company, 麻豆传媒 Annuity & Life Assurance Company of New York and 麻豆传媒 Life Re Ltd. S&P, Fitch, AM Best and Moody鈥檚 credit ratings reflect their assessment of the relative ability of an insurer to meet its ongoing insurance policy and contract obligations. AM Best rating as of June 2024 (A+, 2nd highest of 16), S&P rating as of January 2024 (A+, 5th highest out of 21), Fitch rating as of September 2024 (A+, 5th highest of 19) and Moody鈥檚 rating as of September 2024 (A1, 5th highest of 21). 麻豆传媒 Holding Ltd.鈥檚 credit rating is A-/A-/a- for S&P, Fitch and AM Best respectively. 
5 As of December 31,2023.
6 The individual subsidiary insurance company is responsible for meeting its ongoing insurance policy and contract obligations. Neither Apollo Global Management, Inc. nor 麻豆传媒 Holding Ltd. are responsible for meeting the ongoing insurance policy and contract obligations of the subsidiary insurance companies.