Ress Life Investments A/S publishes portfolio composition for Q2 2025

Core Viewpoint - Ress Life Investments A/S has published its portfolio composition for Q2 2025, highlighting significant changes in its life insurance portfolio and ongoing transactions related to its Legacy Portfolio [1][4]. Portfolio Overview - As of June 30, 2025, Ress Life Investments holds 375 life insurance policies with a total face value exceeding USD 1.1 billion [3]. - The company has sold a substantial portion of its Legacy Portfolio, which will be completed in separate quarterly tranches until the end of Q3 2026, while retaining a portion of future performance above a specified threshold [4][5]. Portfolio Composition - The portfolio composition includes both new policies and those from the Legacy Portfolio, with Ress Life Investments maintaining a 62.5% ownership of the Legacy Portfolio as of June 30, 2025 [5]. - The top 10 carriers by weight of portfolio value are: - John Hancock Life Insurance Company USA: 16.5% - Lincoln National Life Insurance Company: 15.3% - AXA Equitable Life Insurance Company: 6.0% - American General Life Insurance Company: 5.0% - Pruco Life Insurance Company Inc: 4.5% - Brighthouse Life Insurance Company: 4.0% - Pacific Life Insurance Company: 3.7% - Protective Life Insurance Company: 3.3% - Transamerica Life Insurance Company: 3.2% - Principal Life Insurance Company: 3.0% [6]. Credit Ratings - The credit ratings of the portfolio are distributed as follows: - A++: 6.8% - A+: 46.4% - A: 42.2% - A-: 0.1% - B++: 3.9% - B-: 0.2% - C++: 0.5% [7]. Geographic Distribution - The top states by weight of face value are: - Florida: 15.8% - California: 12.3% - New York: 7.5% - Pennsylvania: 6.9% - Texas: 6.3% - Massachusetts: 4.8% - Ohio: 4.4% - New Jersey: 4.2% - Missouri: 3.9% - Arizona: 3.6% [7]. Face Value Distribution - The face value distribution of the policies is as follows: - 100,000-250,000: 0.2% - 250,001-500,000: 1.5% - 500,001-1,000,000: 8.3% - 1,000,001-2,000,000: 13.4% - 2,000,001-3,000,000: 10.8% - 3,000,001-5,000,000: 22.3% - 5,000,001-10,000,000: 29.0% - 10,000,001-15,000,000: 7.3% - 15,000,001 and above: 7.2% [7]. Age and Gender Distribution - The age distribution of the insured is: - < 65: 5.0% - 65 – 69: 14.1% - 70 – 74: 20.2% - 75 – 79: 22.4% - 80 – 84: 15.7% - 85 – 89: 11.9% - 90 – 94: 7.7% - 95 and above: 3.1% [7]. - The gender distribution of the insured is: - Female: 13.8% - Male: 63.1% [7].