US life insurer index options market hits $1trn mark Samuel Karasek - Risk.net (Subscription) The aggregate of the equity index options market for life insurers exceeded $1 trillion in notional in the fourth quarter of last year as Lincoln Financial grew its book by nearly 70% to emerge as the heaviest user of the instrument in the space. The life insurance arm of the Pennsylvania-based conglomerate added $43.1 billion to its holdings to increase its total to $105.6 billion notional. Lincoln opened a $33.8 billion written puts position and grew its purchased puts to $25 billion in /jlne.ws/3WDjyfp Notice it's a subscription service if want the full article.