Life/annuity industry investments

Investments, Life/Annuity Insurers, 2016-2018 (1)

($ billions, end of year)

	Amount			Percent of total investments
Investment type	2016	2017	2018	2016	2017	2018
Bonds	$2,860.6	$2,973.5	$2,989.1	73.50%	72.97%	72.48%
Stocks	$96.0	$104.9	$94.1	2.47%	2.57%	2.28%
Preferred stock	9.6	10.5	12.3	0.25	0.26	0.30
Common stock	86.4	94.5	81.8	2.22	2.32	1.98
Mortgage loans on real estate	$437.7	$477.0	$521.5	11.25%	11.71%	12.65%
First lien real estate mortgage loans	430.1	468.5	512.6	11.05	11.50	12.43
Real estate loans less first liens	7.6	8.6	8.9	0.20	0.21	0.22
Real estate	$24.5	$23.5	$20.4	0.63%	0.58%	0.50%
Occupied properties	6.0	6.0	5.8	0.15	0.15	0.14
Income generating properties	17.6	17.0	14.1	0.45	0.42	0.34
Properties for sale	0.9	0.5	0.5	0.02	0.01	0.01
Cash, cash equivalent and short term investments	101.4	104.7	104.7	2.61	2.57	2.54
Contract loans including premium notes	126.9	128.9	129.2	3.26	3.16	3.13
Derivatives	62.0	58.7	56.4	1.59	1.44	1.37
Other invested assets	158.3	175.1	187.1	4.07	4.30	4.54
Receivables for securities	3.9	5.3	4.5	0.10	0.13	0.11
Securities lending reinvested collateral assets	12.6	16.9	12.6	0.32	0.41	0.30
Write-ins for invested assets	8.0	6.4	4.5	0.20	0.16	0.11
Total cash and invested assets	$3,891.9	$4,074.8	$4,124.1	100.00%	100.00%	100.00%