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

We are pleased to provide the Ryan ALM, Inc. Q4’25 Newsletter that explores both asset and liability performance for both Q4’25 and calendar year 2025. As you will read, asset growth has exceeded liability growth for both public and private pension plans. Funding continues to improve despite the recent fall in U.S. interest rates that increase the present value of pension liabilities.

Please don’t hesitate to reach out to us with any questions that you might have regarding this publication. Also, please call on us if you’d like to explore a cash flow matching (CFM) strategy to learn how you can reduce risk within your current asset allocation. Thank you for your continuing support of Ryan ALM, Inc. and our mission to protect and preserve defined benefit plans.