[Verse 1] Insurance giants juggle billions every day Promises to pay when storms blow fortunes away But here's the puzzle that keeps CFOs awake How do you invest when future claims are at stake? [Chorus] Match it up, match it down Assets dancing liability's crown ALM is the name of this balancing game Duration matching keeps the profits sane Reserve today for tomorrow's pain Portfolio wisdom through sunshine and rain [Verse 2] Life policies stretch thirty years ahead While car insurance claims need cash instead Long-term bonds for pension guarantees Short-term treasuries for quick release [Chorus] Match it up, match it down Assets dancing liability's crown ALM is the name of this balancing game Duration matching keeps the profits sane Reserve today for tomorrow's pain Portfolio wisdom through sunshine and rain [Bridge] Regulators circle like financial hawks Solvency ratios determine who walks Capital cushions must be thick and wide Risk-based formulas cannot hide [Verse 3] Actuaries whisper mortality tales While portfolio managers set investment sails Correlation risk lurks beneath the waves Smart diversification always saves [Final Chorus] Match it up, match it down Assets dancing liability's crown ALM is the name of this balancing game Duration matching keeps the profits sane Reserve today for tomorrow's pain Portfolio wisdom through sunshine and rain [Outro] When assets align with what you owe That's when insurance profits truly grow
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