A Firm Foundation: How Insurance Supports the Economy

Investments, Life/Health Insurers, 2015-2017 (1)

($ billions, end of year)

  Amount Percent of total investments
Investment type 2015 2016 2017 2015 2016 2017
Bonds  $2,734.0 $2,860.7 $2,973.5 73.82% 73.50% 72.98%
Stocks $84.9 $96.0 $104.9 2.29% 2.47% 2.57%
     Preferred stock  9.6 9.6 10.5 0.26 0.25 0.26
     Common stock  75.3 86.4 94.4 2.03 2.22 2.32
Mortgage loans on real estate $404.2 $437.7 $477.0 10.91% 11.25% 11.71%
     First lien real estate mortgage loans  397.4 430.1 468.5 10.73 11.05 11.50
     Real estate loans less first liens  6.8 7.6 8.6 0.18 0.20 0.21
Real estate $23.7 $24.5 $23.5 0.64% 0.63% 0.58%
     Occupied properties  5.5 6.0 6.0 0.15 0.15 0.15
     Income generating properties  17.8 17.6 17.0 0.48 0.45 0.42
     Properties for sale  0.4 0.9 0.5 0.01 0.02 0.01
Cash, cash equivalent and short term investments  103.3 101.4 104.6 2.79 2.61 2.57
Contract loans including premium notes  126.8 126.9 128.9 3.42 3.26 3.16
Derivatives 53.8 62.0 58.7 1.45 1.59 1.44
Other invested assets  154.9 158.3 174.7 4.18 4.07 4.29
Receivables for securities  2.3 3.9 5.3 0.06 0.10 0.13
Securities lending reinvested collateral assets 11.7 12.6 16.9 0.32 0.32 0.41
Write-ins for invested assets  4.1 8.0 6.4 0.11 0.20 0.16
Total cash and invested assets  $3,703.9 $3,891.9 $4,074.4 100.00% 100.00% 100.00%

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

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

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Investments, Life/Health Insurers, Bond Portfolio, 2017 (1)

(1) Long-term bonds with maturity dates over one year, as of December 31, 2017.

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

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