VARIABLE ANNUITY/INSURANCE SOLUTIONS

Investments that span generations

Photo from 1984 of Capital Group associates sitting around a table.

American Funds Insurance Series®

A long-term track record of active management

From 1984 to 2024, a hypothetical $10,000 investment in American Funds Insurance Series® — Growth Fund would have delivered an ending value of $1,562,865, nearly double the ending value of $815,894 for the S&P 500 Index over the same 40-year time period.1

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Growth of hypothetical $10,000 investment in American Funds Insurance Series — Growth Fund

Line graph comparing the growth of a hypothetical $10,000 investment in American Funds Insurance Series – Growth Fund to the S&P 500 Index from the fund’s inception on February 8, 1984 through February 29, 2024. The Growth Fund peaks at $1,562,865, while the S&P 500 Index remains lower at $815,894, as of February 29, 2024.

1Source: S&P Dow Jones Indices LLC and Capital Group. Based on Class 1 shares, since the month-end date following the fund's inception on 2/8/1984 through 2/29/2024. The returns are based on total returns at month-end net asset value, with all distributions reinvested. S&P 500 Index is a market capitalization-weighted index based on the results of approximately 500 widely held common stocks. The index is unmanaged and, therefore, has no expenses. Investors cannot invest directly in an index. Past results are not predictive of results in future periods.

Explore the results of the actively managed American Funds Insurance Series with our Historical Illustrator, where you can create a report to share with clients.

Total returns (%) for Class 1 shares as of March 31, 2024

    Cumulative
total returns		 Average annual
total returns		  
  Inception
date		 1 year 5 years 10 years 20 years Lifetime Expense
ratio (%)
American Funds Insurance Series — Growth Fund 2/8/84 39.53 18.80 15.96 12.02 13.49 0.34
S&P 500 Index — 29.88 15.05 12.96 10.15 11.71* —
    Growth
Fund		 S&P 500
Index
  Inception
date		 2/8/84 —
Cumulative
total returns		 1 year 39.53 29.88
Average annual
total returns		 5 years 18.80 15.05
10 years 15.96 12.96
20 years 12.02 10.15
Lifetime 13.49 11.71*
Expense
ratio (%)		 0.34 —

*S&P 500 returns through fund lifetime. 
Investment results assume all distributions are   reinvested and reflect applicable fees and expenses.   When applicable, investment results reflect fee waivers   and/or expense reimbursements, without which results   would have been lower. Visit capitalgroup.com/afis for   more information. Expense ratios are as of the fund’s   prospectus dated May 1, 2024.

SUPPORTING INSURANCE PARTNERS

What is the history of Capital Group's insurance business?

In 1984, Americans were just beginning to look to insurance companies for retirement security2.  Capital Group, home of the American Funds, was at the forefront of offering insurance companies support in the growth of the variable annuities market.

Photo from 1984 of Capital Group associates sitting around a small table discussing a report.

The American Funds Insurance Series is one of the first suites of funds designed specifically for use in variable annuities.

  • We are one of the largest asset managers of funds for variable        annuities.3
  • We offer a core of 18 actively managed, insurance-dedicated funds — 11 of which are aligned with their retail American Funds mutual fund counterparts.
  • We use an independent, high-conviction decision making process called The Capital System™.

2Source: Ralph S.J. Koijen and Motohiro Yogo, "The evolution from life insurance to financial engineering," International Association for the Study of Insurance Economics, 2021.
3Source: ISS Market Intelligence Simfund as of December 31, 2023. Variable annuities not including fixed accounts.

Visit our variable annuity (VA) home page to find out more

We partner with insurers to provide individualized guidance, analytics, in-person support, insights and tools for variable annuity sales discussions and fund decisions.

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Variable annuities are long-term investment products designed for retirement purposes and are subject to market fluctuation, investment risk and possible loss of principal. Variable annuities contain both investment and insurance components and have fees and charges, including mortality and expense, administrative and advisory fees. Optional features are available for an additional charge. The annuity’s value fluctuates with the market value of the underlying investment options, and all assets accumulate tax deferred. Withdrawals of earnings are taxable as ordinary income and, if taken prior to age 59½, may be subject to an additional 10% federal tax. Withdrawals will reduce the death benefit and cash surrender value.

Figures shown are past results and are not predictive of results in future periods. Current and future results may be lower or higher than those shown. Investing for short periods makes losses more likely. The variable annuities and life insurance contracts that use the series' funds contain certain fees and expenses not reflected here. Prices and returns will vary, so investors may lose money. If such fees and expenses had been deducted, results would have been lower. For results reflecting contract-level fees and expenses, contact the insurance company that issues your contract or visit its website. View annuity expense ratios and returns.
Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.
Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses and summary prospectuses, which can be obtained from a financial professional and should be read carefully before investing.
Investing outside the United States involves risks, such as currency fluctuations, periods of illiquidity and price volatility. These risks may be heightened in connection with investments in developing countries.
There have been periods when the results lagged the index(es) and/or average(s). The indexes are unmanaged and, therefore, have no expenses. Investors cannot invest directly in an index.
Each S&P Index ("Index") shown is a product of S&P Dow Jones Indices LLC and/or its affiliates and has been licensed for use by Capital Group. Copyright © 2024 S&P Dow Jones Indices LLC, a division of S&P Global, and/or its affiliates. All rights reserved. Redistribution or reproduction in whole or in part is prohibited without written permission of S&P Dow Jones Indices LLC.
All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.
Investment results assume all distributions are reinvested and reflect applicable fees and expenses.
Use of this website is intended for U.S. residents only. Use of this website and materials is also subject to approval by your home office.
American Funds Insurance Series serves as an underlying investment option for multiple insurance products, including variable annuity contracts and variable life insurance policies. Availability of funds will vary based on the insurance contract offered.
Capital Client Group, Inc.
This content, developed by Capital Group, home of American Funds, should not be used as a primary basis for investment decisions and is not intended to serve as impartial investment or fiduciary advice.