U.S. Bancorp Private debt held-for-investment, at amortized cost, net of valuation allowance – $3 and $4 increased by 2.3% to $383.73B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 3.1%, from $372.25B to $383.73B. Over 3 years (FY 2022 to FY 2025), Private debt held-for-investment, at amortized cost, net of valuation allowance – $3 and $4 shows relatively stable performance with a 0.2% CAGR.
An increase indicates a shift toward higher-yielding, less liquid private credit assets, which may increase credit risk exposure.
This represents long-term private debt instruments held for investment purposes, recorded at amortized cost net of any v...
Increasingly common among large insurers seeking yield in private markets.
non_current_assets_financing_receivable_excluding_accrue_11d9cc| Q4 '22 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Value | $381.28B | $366.46B | $367.07B | $368.58B | $366.60B | $372.25B | $374.24B | $372.71B | $374.96B | $383.73B |
| QoQ Change | — | -3.9% | +0.2% | +0.4% | -0.5% | +1.5% | +0.5% | -0.4% | +0.6% | +2.3% |
| YoY Change | — | -3.9% | — | — | — | +1.6% | +2.0% | +1.1% | +2.3% | +3.1% |