Neuberger Berman weighs expansion into life insurance assets to boost revenue
The firm is considering a new entity to acquire life insurance assets and annuities. This strategic move aims to generate higher fees and boost returns.
洞察:
Neuberger Berman is exploring an expansion of its insurance capabilities, including the potential creation of an entity to buy life insurance assets. This ongoing initiative, which could involve the Neuberger Berman Municipal Fund Inc. , is designed to allow the firm to earn management fees on insurance assets and deploy those assets into its investment strategies to pursue higher returns. The exploration is currently ongoing and represents a significant strategic consideration for the firm as it looks to broaden its reach within the financial services sector.
The development follows a period of significant growth for the Neuberger Berman insurance solutions unit. The unit held $98 billion in assets at the end of December, rising from $86 billion at the end of September. This expansion occurred within a firm that reported $563 billion in total assets under management at the end of 2025. The firm's focus on these assets highlights the increasing importance of insurance-related capital in its overall business model.
