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%
(1) Data are net admitted assets of life/annuity insurers. Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.