The Projection — a symmetric watercolor butterfly

The Projection

The surface is never the system.

← Insurance

Optionality

across 7 members — open each for the figure + sources

about Insurance

aggregate of member nodes

Aggregate of 7 member claims — each member's sourced figures are below.


the working

Basis

aggregate of member nodes

Member claims 7

This is an aggregate — its evidence is the members' own claims.

  • Berkshire Hathaway free — Buffett/Abel discretion, no external mandate; ~$381.7B cash is genuinely …
  • Allianz constrained — Solvency II caps deployable capital to the surplus; ~EUR 1.8T of managed …
  • Ping An constrained — NFRA C-ROSS solvency regime + state-steered (Beijing-directed allocation, …
  • China Life locked — majority state-owned (>70%), most state-directed insurer on the board; capital …
  • Prudential Financial constrained — RBC (risk-based capital) caps the life balance sheet; PGIM's $1.5T is …
  • Metlife constrained — RBC caps the life balance sheet; the general account (~$473B) is …
  • Nippon Life constrained — JGB liability-matching + policyholder-bound (mutual, surplus owed to …

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A claim is one metric we assert about a node — the value is the summary, this page is the receipt. Sourced from kestrel; supersedes-history not yet shown. Back to Insurance.