Washington, D.C. (June 12, 2013) — The report of the U.S. Treasury Department’s Federal Insurance Office on the insurance industry issued today represents an important contribution to the information base on this vital segment of the U.S. economy.

As it relates specifically to the life insurers, the report demonstrates FIO’s understanding and recognition of the financial strength of the industry and key economic issues affecting it.

For example, the report is on target in identifying the low interest rate environment as an industry challenge. Life insurers respond through a variety of risk management strategies that help them weather such downturns for lengthy periods.

Changing demographics and growth opportunities in emerging markets also represent trends. Life insurers believe they will play an even greater role in the lives of American families, especially in connection with aging Baby Boomers who are seeking financial security in retirement.

The report also accurately identified emerging markets as growth opportunities. For more than 200 years, life insurers have been providing financial and retirement security to American families. Life insurers look forward to doing the same globally.

The American Council of Life Insurers (ACLI) is a Washington, D.C.-based trade association with more than 300 member companies operating in the United States and abroad. ACLI advocates in federal, state, and international forums for public policy that supports the industry marketplace and the 75 million American families that rely on life insurers’ products for financial and retirement security. ACLI members offer life insurance, annuities, retirement plans, long-term care and disability income insurance, and reinsurance, representing more than 90 percent of industry assets and premiums. Learn more at www.acli.com.