Life/annuity industry investments

Investments, Life/Annuity Insurers, 2019-2021 (1)

($ billions, end of year)

	Amount			Percent of total investments
Investment type	2019	2020	2021	2019	2020	2021
Bonds	$3,087.8	$3,272.1	$3,415.5	71.11%	70.24%	69.88%
Stocks	105.3	117.1	133.5	2.43	2.51	2.73
Preferred stock	12.9	14.6	19.2	0.30	0.31	0.39
Common stock	92.4	102.5	114.3	2.13	2.20	2.34
Mortgage loans on real estate	565.5	587.2	625.9	13.02	12.60	12.81
First lien real estate mortgage loans	557.3	579.2	617.9	12.83	12.43	12.64
Real estate loans less first liens	8.3	8.0	8.0	0.19	0.17	0.16
Real estate	23.0	22.6	22.5	0.53	0.49	0.46
Occupied properties	5.9	6.1	5.8	0.14	0.13	0.12
Income generating properties	16.0	16.0	16.3	0.37	0.34	0.33
Properties for sale	1.1	0.6	0.4	0.03	0.01	0.01
Cash, cash equivalent and short term investments	118.7	151.0	143.6	2.73	3.24	2.94
Contract loans including premium notes	131.0	130.4	128.7	3.02	2.80	2.63
Derivatives	79.5	121.5	96.6	1.83	2.61	1.98
Other invested assets	206.0	227.4	281.6	4.74	4.88	5.76
Receivables for securities	5.0	7.0	9.0	0.11	0.15	0.18
Securities lending reinvested collateral assets	15.5	16.2	18.8	0.36	0.35	0.38
Write-ins for invested assets	5.3	6.1	11.9	0.12	0.13	0.24
Total cash and invested assets	$4,342.5	$4,658.6	$4,887.7	100.00%	100.00%	100.00%

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

Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.