These factors make fixed maturity securities and ideal choice for insurance companies, which typically invest 50-70% of their total invested assets in fixed maturity securities.
Proxies in place, the team dove into the data and came up with surprising results: Between 2002 and 2007 (the years covered by the database), public firms increased their gross fixedassets (as a percentage of totalassets) by 4.0 percent a year on average versus 9.7 percent at similar private firms.