Federal Home Loan Bank Funding Agreement

/Federal Home Loan Bank Funding Agreement

Federal Home Loan Bank Funding Agreement

Trinity Universal Insurance Co. and United Insurance Co. of America Inc. received $55 million in advances in June 2018 from the Federal Home Loan Bank of Dallas and the Federal Home Loan Bank of Chicago to facilitate the cash component of Kemper`s purchase of non-standard auto insurer Infinity Property & Casualty Corp. The advances were repaid in full shortly after the closing of the transaction in July 2018. Unlike many other life insurers who reported a sharp increase in FHLB`s loans in 2018 due to higher financing agreements, Lincoln National Life Insurance Co. of Lincoln National Corp. saw a $1.03 billion increase in advances it made as debt. The company said it was using funding from the Federal Home Loan Bank of Indianapolis to improve its liquidity position and for strategic initiatives.

By | 2021-09-20T11:03:10+01:00 septembre 20th, 2021|Non classé|0 Comments

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