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

We are pleased to share with you our insights and perspectives on the relationship of pension assets to pension liabilities (benefits and expenses) through the Q2’26 Newsletter. As you will read, the second quarter produced a nice turnaround for pension funding following a challenging Q1, as asset growth far outpaced liability growth. As a result, funded ratios are at a high point since we began our analysis back in 2020.

As always, we encourage you to reach out to us with any questions or observations. Thank you for taking the time to read our insights.