By: Russ Kamp, CEO, Ryan ALM, Inc.

We are pleased to share with you Ryan ALM Inc.’s Q4’24 Newsletter. As you will read, the fourth quarter saw asset values continue to grow, while the present value of pension liabilities fell due to rising U.S. interest rates. Asset growth has far exceeded liability growth in 2024 leading to improved funded ratios for all DB plan types.

The current level of U.S. rates is supportive of derisking strategies – primarily through cash flow matching (CFM). Given elevated valuations in a number of asset classes and strategies, it makes sense to reduce risk at this juncture before the markets take no prisoners.

As always, we encourage you to reach out to us with your questions. We want to be your source for anything liability-related. Please don’t hesitate.