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INVESTMENTS, LIFE/HEALTH INSURERS, 2011-2013 (1)

($ billions, end of year)

  Amount Percent of total investments
Investment type 2011 2012 2013 2011 2012 2013
Bonds  $2,531.8 $2,543.3 $2,601.3 75.34% 74.65% 74.70%
Stocks 78.4 78.0 80.3 2.33 2.29 2.31
     Preferred stock  8.1 7.8 8.3 0.24 0.23 0.24
     Common stock  70.3 70.2 72.1 2.09 2.06 2.07
Mortgage loans on real estate 323.1 335.6 353.1 9.61 9.85 10.14
     First lien real estate mortgage loans  321.1 333.1 350.1 9.56 9.78 10.05
     Real estate loans less first liens  2.0 2.5 3.1 0.06 0.07 0.09
Real estate 20.6 21.4 22.4 0.61 0.63 0.64
     Occupied properties  5.7 5.5 5.4 0.17 0.16 0.16
     Income generating properties  14.6 15.4 16.0 0.43 0.45 0.46
     Properties for sale  0.3 0.5 0.9 0.01 0.02 0.03
Cash, cash equivalent and short term investments  96.5 106.6 94.8 2.87 3.13 2.72
Contract loans including premium notes  126.0 127.5 128.4 3.75 3.74 3.69
Derivatives 44.4 41.6 37.8 1.32 1.22 1.09
Other invested assets  124.0 136.6 145.5 3.69 4.01 4.18
Receivables for securities  2.1 2.1 3.2 0.06 0.06 0.09
Securities lending reinvested collateral assets 10.1 10.8 13.8 0.30 0.32 0.40
Write-ins for invested assets  0.2 -0.3 1.6 0.01 -0.01 0.05
Total cash and invested assets  $3,360.5 $3,407.1 $3,482.2 100.00% 100.00% 100.00%

(1) Includes cash and net admitted assets of life/health insurers.

Source: SNL Financial LC.

 
INVESTMENTS, LIFE/HEALTH INSURERS, 2004-2008
       Amount ($ billions)  Percent of total investments
Investment type 2004 2007 2008 2004 2007 2008
Bonds $2,049.4 $2,164.1 $2,147.1 75.88% 73.26% 71.27%
Stocks 99.3 141.2 114.2 3.68 4.78 3.79
     Preferred stocks 32.5 65.6 63.7 1.20 2.22 2.12
     Common stocks 66.8 75.6 50.5 2.47 2.56 1.68
Mortgage loans on real estate 266.1 315.1 327.4 9.85 10.67 10.87
     First liens 265.0 313.1 325.1 9.81 10.60 10.79
     Other than first liens 1.1 2.0 2.3 0.04 0.07 0.08
Real estate 19.6 19.6 20.0 0.72 0.66 0.67
     Properties occupied by company 5.8 5.9 5.9 0.22 0.20 0.20
     Properties held for income production 12.3 12.7 13.8 0.46 0.43 0.46
     Properties held for sale 1.4 0.9 0.4 0.05 0.03 0.01
Cash, cash equivalent and short-term investments 74.7 79.2 146.5 2.76 2.68 4.86
Contract loans 105.6 113.5 118.1 3.91 3.84 3.92
Other invested assets 70.2 102.5 103.2 2.60 3.47 3.42
Receivables for securities 2.5 2.4 3.0 0.09 0.08 0.10
Aggregate write-ins for invested assets 13.5 16.4 36.0 0.50 0.56 1.20
Total cash and invested assets $2,700.8 $2,954.0 $3,012.8 100.00% 100.00% 100.00%

Source: National Association of Insurance Commissioners (NAIC) Annual Statement Database, via Highline Data, LLC. Copyrighted information. No portion of this work may be copied or redistributed without the express written permission of Highline Data, LLC.

 
INVESTMENTS, LIFE/HEALTH INSURERS, 2005-2009 (1)
  Amount ($ billions) Percent of total investments
Investment type 2005 2008 2009 2005 2008 2009
Bonds  $2,145.2 $2,150.7 $2,291.1 76.61% 71.25% 74.62%
Stocks 98.7 112.3 72.7 3.52 3.72 2.37
     Preferred stock  25.6 63.8 11.7 0.91 2.11 0.38
     Common stock  73.1 48.5 61.0 2.61 1.61 1.99
Mortgage loans on real estate 276.5 327.8 315.7 9.87 10.86 10.28
     First lien real estate mortgage loans  275.2 325.4 313.0 9.83 10.78 10.19
     Real estate loans less first liens  1.3 2.3 2.8 0.05 0.08 0.09
Real estate 19.1 20.0 19.5 0.68 0.66 0.63
     Occupied properties  5.3 5.9 6.2 0.19 0.20 0.20
     Income generating properties  12.8 13.8 12.9 0.46 0.46 0.42
     Properties for sale  0.9 0.4 0.4 0.03 0.01 0.01
Cash, cash equivalent and short term assets  61.9 146.8 122.8 2.21 4.86 4.00
Contract loans including premium notes  106.4 119.2 120.0 3.80 3.95 3.91
Long-term investments  77.0 102.8 105.3 2.75 3.41 3.43
Receivables for securities  3.0 3.0 2.0 0.11 0.10 0.06
Write-ins for invested assets  12.5 36.0 21.2 0.45 1.19 0.69
Total cash and invested assets  $2,800.3 $3,018.6 $3,070.3 100.00% 100.00% 100.00%

(1) Data are net admitted assets of life/health insurers.

Source: SNL Financial LC.

 
INVESTMENTS, LIFE/HEALTH INSURERS, 2008-2010 (1)
  Amount ($ billions) Percent of total investments
Investment type 2008 2009 2010 2008 2009 2010
Bonds  $2,149.6 $2,291.4 $2,425.9 71.22% 74.59% 75.93%
Stocks 113.2 73.9 76.9 3.75 2.41 2.41
     Preferred stock  64.0 11.7 9.1 2.12 0.38 0.28
     Common stock  49.2 62.2 67.7 1.63 2.03 2.12
Mortgage loans on real estate 328.0 316.0 307.2 10.87 10.29 9.61
     First lien real estate mortgage loans  325.7 313.2 305.0 10.79 10.20 9.55
     Real estate loans less first liens  2.3 2.8 2.1 0.08 0.09 0.07
Real estate 20.0 19.5 19.7 0.66 0.63 0.62
     Occupied properties  5.9 6.2 5.7 0.20 0.20 0.18
     Income generating properties  13.8 12.9 13.6 0.46 0.42 0.43
     Properties for sale  0.4 0.4 0.3 0.01 0.01 0.01
Cash, cash equivalent and short term assets  146.3 122.7 95.1 4.85 3.99 2.98
Contract loans including premium notes  119.3 120.0 123.5 3.95 3.91 3.86
Derivatives NA NA 21.6 NA NA 0.68
Other invested assets  102.8 105.3 112.2 3.40 3.43 3.51
Receivables for securities  3.0 2.0 1.8 0.10 0.07 0.06
Securities lending reinvested collateral assets NA NA 10.6 NA NA 0.33
Write-ins for invested assets  36.0 21.2 0.5 1.19 0.69 0.02
Total cash and invested assets  $3,018.3 $3,071.9 $3,194.9 100.00% 100.00% 100.00%

(1) Data are net admitted assets of life/health insurers.

NA=Data not available.

Source: SNL Financial LC.

 
INVESTMENTS, LIFE/HEALTH INSURERS, 2009-2011 (1)
  Amount ($ billions) Percent of total investments
Investment type 2009 2010 2011 2009 2010 2011
Bonds  $2,291.2 $2,426.5 $2,536.3 74.59% 75.92% 75.47%
Stocks 73.9 77.9 78.4 2.41 2.44 2.33
     Preferred stock  11.7 9.1 8.1 0.38 0.29 0.24
     Common stock  62.2 68.7 70.3 2.03 2.15 2.09
Mortgage loans on real estate 316.0 307.4 323.1 10.29 9.62 9.61
     First lien real estate mortgage loans  313.2 305.2 321.1 10.20 9.55 9.56
     Real estate mortgage loans less first liens  2.8 2.1 2.0 0.09 0.07 0.06
Real estate 19.5 19.7 20.6 0.63 0.62 0.61
     Occupied properties  6.2 5.7 5.7 0.20 0.18 0.17
     Income generating properties  12.9 13.6 14.6 0.42 0.43 0.43
     Properties for sale  0.4 0.3 0.3 0.01 0.01 0.01
Cash, cash equivalent and short-term investments  122.0 95.1 96.5 3.97 2.97 2.87
Contract loans including premium notes  120.0 123.5 126.0 3.91 3.86 3.75
Derivatives NA 21.6 44.4 NA 0.68 1.32
Other invested assets  105.3 111.4 124.0 3.43 3.48 3.69
Receivables for securities  2.0 1.8 2.1 0.07 0.06 0.06
Securities lending reinvested collateral assets NA 10.6 10.1 NA 0.33 0.30
Write-ins for invested assets  21.2 0.5 0.2 0.69 0.02 0.01
Total cash and invested assets  $3,071.9 $3,196.2 $3,360.5 100.00% 100.00% 100.00%

(1) Data are net admitted assets of life/health insurers.

NA=Data not available.

Source: SNL Financial LC.