To say that 2022 was an eventful year for investments would be a significant understatement. Interest rates rose across the entire yield curve. Market spreads varied. Equity markets jumped up and down. Oil prices spiked and then settled back down. Commercial real estate values rallied before dropping. This market briefing will focus on changes since year-end 2021 and how those changes very likely impacted U.S. insurance company investments and investment practices.