Delaware Life Reclassifies Loans as Level 1 Related-Party Investments

Delaware Life Insurance Company has reclassified loans to an entity known as Dodger Tickets as level 1 related-party investments, according to financial disclosures identified on July 28, 2026. The company had previously labeled these loans as unaffiliated for several years before acknowledging the relationship to the owner of the Los Angeles Dodgers.

Reclassification of Related-Party Loans

The shift in classification moves the assets into the level 1 category, which typically denotes investments with the highest level of transparency and observable market prices. According to the financial records, Delaware Life now identifies these loans as related-party investments rather than unaffiliated holdings.

This change corrects a multi-year reporting period during which the insurer characterized the loans as being held by an unaffiliated third party. The current disclosures explicitly link the Dodger Tickets entity to the ownership group of the Los Angeles Dodgers.

Disclosure Implications for Delaware Life

Insurance companies are required to disclose related-party transactions to ensure transparency regarding potential conflicts of interest and to provide a clear view of the company’s risk exposure. By labeling the loans as unaffiliated, the insurer previously omitted the connection between the investment and the Dodgers’ ownership.

The reclassification indicates that the loans are now being treated as internal or affiliated transactions. This adjustment affects how the assets are valued and reported on the company’s balance sheet, specifically moving them into the level 1 tier of the fair value hierarchy.

Connection to Los Angeles Dodgers Ownership

The financial documents identify the recipient of the loans as Dodger Tickets. The insurer’s acknowledgment confirms that this entity is tied to the individual or group that owns the Los Angeles Dodgers professional baseball team.

While the specific terms of the loans and the total principal amount were not detailed in the discovery headline, the acknowledgment marks a departure from previous financial filings that did not disclose the relationship between the insurer and the borrower.