Investments, Life/Annuity Insurers, 2020-2022 (1)

($ billions, end of year)

  Amount Percent of total investments
Investment type 2020 2021 2022 2020 2021 2022
Bonds $3,272.1 $3,415.5 $3,497.6 70.24% 69.88% 69.42%
Stocks $117.1 $133.5 $120.5 2.51% 2.73% 2.39%
     Preferred stock  14.6 19.2 16.0 0.31 0.39 0.32
     Common stock  102.5 114.3 104.5 2.20 2.34 2.07
Mortgage loans on real estate $587.2 $625.9 $679.5 12.60% 12.81% 13.49%
     First lien real estate mortgage loans  579.2 617.9 670.2 12.43 12.64 13.30
     Real estate loans less first liens  8.0 8.0 9.3 0.17 0.16 0.18
Real estate $22.6 $22.5 $22.3 0.49% 0.46% 0.44%
     Occupied properties  6.1 5.8 5.5 0.13 0.12 0.11
     Income generating properties  16.0 16.3 16.5 0.34 0.33 0.33
     Properties for sale  0.6 0.4 0.3 0.01 0.01 0.01
Cash, cash equivalent and short term investments  151.0 143.6 140.7 3.24 2.94 2.79
Contract loans including premium notes  130.4 128.7 128.5 2.80 2.63 2.55
Derivatives 121.5 96.6 95.2 2.61 1.98 1.89
Other invested assets  227.4 281.6 308.4 4.88 5.76 6.12
Receivables for securities  7.0 9.0 9.8 0.15 0.18 0.19
Securities lending reinvested collateral assets 16.2 18.8 13.6 0.35 0.38 0.27
Write-ins for invested assets  6.1 11.9 21.8 0.13 0.24 0.43
Total cash and invested assets  $4,658.6 $4,887.7 $5,038.1 100.0% 100.0% 100.0%
(1) Data are net admitted assets of life/annuity insurers. Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.