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  • Using Equities for Long-Term Liabilities
    equities difficult to justify, even on a return basis (Table 1). Equities continue to be avoided because of return ... come close to bonds. 451 RECORD, VOLUME 21 TABLE 1 CAPITAL CONSTRAINTS* NAIC 2 Bonds Equities RBCFactor ...

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    • Authors: Yuan Chang, Simon Curtis, Cindy L Forbes, Francis Sabatini
    • Date: May 1995
    • Competency: External Forces & Industry Knowledge
    • Publication Name: Record of the Society of Actuaries
    • Topics: Finance & Investments>Investments; Public Policy