Trepp Releases Latest Life Insurance Commercial Mortgage Returns Report: Q3 2022 Data Reveals Returns on Pace for Worst Performance to Date

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Trepp, Inc. released the latest LifeComps™ returns report, revealing that the returns are down quarter over quarter and are on pace to hit the lowest level in history.

Trepp, a leading provider of data, insights, and technology solutions to the structured finance, commercial real estate, and banking markets has released the third quarter 2022 returns report for its life insurance commercial mortgage index. Instantly download the report here:

In this report, Trepp found that the 2022 year-to-date return is predicted to be the lowest since Trepp started collecting LifeComps data in 1996. The return has been negative for three quarters in a row, which is pointing towards a steep negative annual outcome. The decreasing return is attributed to rising treasury rates.

“Despite the continued negative return, there are signs that the market will persevere in the near future,” said Benqing Shen, Director of Product Management at Trepp. “November CPI data presented a lower-than-expected inflation print and the treasury market reacted by staging a rally. The 5-year treasury dropped from a high of 4.39 to 3.83 as of November 17. There are expectations of a ‘Fed pivot’ on the horizon.”

Trepp also looks at loan originations in this report. The LifeComps portfolio saw a 28% decrease quarter-over-quarter in the volume of new loans funded, a 29% decrease year-over-year. It was no surprise to see a depressed level of loan origination since the average coupon on mortgage loans rose to 4.82%, which is higher than the pre-pandemic level.

The LifeComps Commercial Mortgage Loan Index remains the only published benchmark for CRE mortgages based on actual performance data and cash flow collected from participating life insurance companies. Access our report to see the latest findings from this historic performance index:

For more information, contact Trepp at or 212.754.1010. Visit for more information on LifeComps.

About LifeComps™

The LifeComps™ Commercial Mortgage Loan Index is the only published benchmark for the private commercial mortgage market based on actual mortgage loan cash flow and performance data which has been collected quarterly from participating life insurance companies since 1997. LifeComps provides a quantifiable investment performance index and serves as a benchmark for privately held commercial real estate mortgages.

About Trepp

Trepp, founded in 1979, is the leading provider of data, insights, and technology solutions to the structured finance, commercial real estate, and banking markets. Trepp provides primary and secondary market participants with the solutions and analytics they need to increase operational efficiencies, information transparency, and investment performance. From its offices in New York, Dallas, and London, Trepp serves its clients with products and services to support trading, research, risk management, surveillance, and portfolio management. Trepp subsidiary, Commercial Real Estate Direct, is a daily news source covering the commercial real estate capital markets. Trepp is wholly owned by Daily Mail and General Trust (DMGT).

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Riley Cox
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