Ownership of Municipal Securities
Insurance companies help fund the construction of schools, roads and healthcare facilities, and a variety of other public sector projects through their investments in municipal bonds. The property/casualty insurance industry invested $328 billion in such bonds in 2012, and the life insurance industry invested $131 billion, according to the Federal Reserve.
INSURANCE COMPANY HOLDINGS OF U.S. MUNICIPAL SECURITIES AND LOANS, 2009-2013
($ billions, end of year)