A Firm Foundation: How Insurance Supports the Economy

Investments, Life/Annuity Insurers, 2018-2020 (1)

($ billions, end of year)

  Amount Percent of total investments
Investment type 2018 2019 2020 2018 2019 2020
Bonds $2,989.1 $3,087.8 $3,272.1 72.48% 71.11% 70.24%
Stocks 94.1 105.3 117.1 2.28 2.43 2.51
     Preferred stock  12.3 12.9 14.6 0.30 0.30 0.31
     Common stock  81.8 92.4 102.5 1.98 2.13 2.20
Mortgage loans on real estate 521.5 565.5 587.2 12.65 13.02 12.60
     First lien real estate mortgage loans  512.6 557.3 579.2 12.43 12.83 12.43
     Real estate loans less first liens  8.9 8.3 8.0 0.22 0.19 0.17
Real estate 20.4 23.0 22.6 0.50 0.53 0.49
     Occupied properties  5.8 5.9 6.1 0.14 0.14 0.13
     Income generating properties  14.1 16.0 16.0 0.34 0.37 0.34
     Properties for sale  0.5 1.1 0.6 0.01 0.03 0.01
Cash, cash equivalent and short term investments 104.7 118.7 151.0 2.54 2.73 3.24
Contract loans including premium notes  129.2 131.0 130.4 3.13 3.02 2.80
Derivatives 56.4 79.5 121.5 1.37 1.83 2.61
Other invested assets  187.1 206.0 227.4 4.54 4.74 4.88
Receivables for securities  4.5 5.0 7.0 0.11 0.11 0.15
Securities lending reinvested collateral assets 12.6 15.5 16.2 0.30 0.36 0.35
Write-ins for invested assets  4.5 5.3 6.1 0.11 0.12 0.13
Total cash and invested assets  $4,124.1 $4,342.5 $4,658.6 100.00% 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.

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Investments, Life/Annuity Insurers, Bond Portfolio, 2020 (1)

 

(1) Long-term bonds with maturity dates over one year, as of December 31, 2020.

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

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