American Insurers Secretly Put $16 Billion of Retirement Money Into Private Loans

NewsSun, 30 Aug 2026 12:15:06 UTC3 hours ago

Delaware Life Insurance Company relabeled $16.4 billion of its investments this year. The money sits in private loans tied to companies it is connected to. Federal prosecutors and securities regulators are now investigating.

That money came from annuities and life policies sold to ordinary savers. Few of them know what backs the promise.

Prosecutors are Already Asking

The company's second-quarter filing reveals grand jury subpoenas served in February. Clear Spring Life and Annuity Company also received them.

They came from the US Attorney's Office in Manhattan. The Securities and Exchange Commission (SEC) opened a parallel investigation.

Delaware Life restated its related-party investments from ~$1.3B to ~$18B after grand jury subpoenas.

Bloomberg had that in July.

Nobody printed what is in the next column: $25,121,775,179 across both insurers. 43% of everything they own.
- Eric Jackson (@ericjackson) August 14, 2026

Both are examining one question. Should loans introduced by an affiliate have been flagged as related-party deals? Nobody has been charged.

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American Insurers Secretly Put $16 Billion of Retirement Money Into Private Loans

Prosecutors are Already Asking

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