A Firm Foundation: How Insurance Supports the Economy

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
Derivative 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%

(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, 2019 (1)

 

(1) Long-term bonds with maturity dates more than one year, as of December 31, 2019. Does not add to 100 percent due to rounding.

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

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