Life/annuity industry investments

Investments, Life/Annuity Insurers, 2017-2019 (1)

($ billions, end of year)

	Amount			Percent of total investments
Investment type	2017	2018	2019	2017	2018	2019
Bonds	$2,973.5	$2,989.1	$3,087.8	72.97%	72.48%	71.11%
Stocks	$104.9	$94.1	$105.3	2.57%	2.28%	2.43%
Preferred stock	10.5	12.3	12.9	0.26	0.30	0.30
Common stock	94.5	81.8	92.4	2.32	1.98	2.13
Mortgage loans on real estate	$477.0	$521.5	$565.5	11.71%	12.65%	13.02%
First lien real estate mortgage loans	468.5	512.6	557.3	11.50	12.43	12.83
Real estate loans less first liens	8.6	8.9	8.3	0.21	0.22	0.19
Real estate	$23.5	$20.4	$23.0	0.58%	0.50%	0.53%
Occupied properties	6.0	5.8	5.9	0.15	0.14	0.14
Income generating properties	17.0	14.1	16.0	0.42	0.34	0.37
Properties for sale	0.5	0.5	1.1	0.01	0.01	0.03
Cash, cash equivalent and short term investments	104.7	104.7	118.7	2.57	2.54	2.73
Contract loans including premium notes	128.9	129.2	131.0	3.16	3.13	3.02
Derivatives	58.7	56.4	79.5	1.44	1.37	1.83
Other invested assets	175.1	187.1	206.0	4.30	4.54	4.74
Receivables for securities	5.3	4.5	5.0	0.13	0.11	0.11
Securities lending reinvested collateral assets	16.9	12.6	15.5	0.41	0.30	0.36
Write-ins for invested assets	6.4	4.5	5.3	0.16	0.11	0.12
Total cash and invested assets	$4,074.8	$4,124.1	$4,342.5	100.00%	100.00%	100.00%