Q3 PRT Monitor 2024
We have published our latest Q3 PRT Monitor analysing the growing momentum in the US market.

After a record-breaking first half of the year for the US Pension Risk Transfer (PRT) market, the third quarter closed strong at an estimated $14 billion in total premium. This is an approximately 35% increase compared to Q3 of last year, which landed at $10.6 billion1. One jumbo transaction closed in Q3 and made up approximately 42% of the quarter’s market volume, which was IBM’s $6 billion lift-out2.
The average funding ratio for US corporate defined benefit pension plans continues to remain high at 110.0% in September, according to Legal & General Investment Management America’s Pension Solutions Monitor3. The higher pension plan funding levels continue to be a contributing factor to the strength of the PRT market, as plan sponsors are in a better position to transact.