Investments, Life/Annuity Insurers, 2021-2023 (1)

($ billions, end of year)

  Amount Percent of total investments
Investment type 2021 2022 2023 2021 2022 2023
Bonds  $3,532.5 $3,618.0 $3,644.5 70.01% 69.61% 68.14%
Stocks $141.6 $126.0 $131.6 2.81% 2.42% 2.46%
     Preferred stock  20.5 17.1 17.6 0.41 0.33 0.33
     Common stock  121.0 108.8 113.9 2.40 2.09 2.13
Mortgage loans on real estate $639.9 $694.4 $732.9 12.68% 13.36% 13.70%
     First lien real estate mortgage loans  631.9 685.1 723.5 12.52 13.18 13.53
     Real estate loans less first liens  8.0 9.3 9.4 0.16 0.18 0.18
Real estate $22.8 $22.6 $22.7 0.45% 0.43% 0.42%
     Occupied properties  6.0 5.7 5.4 0.12 0.11 0.10
     Income generating properties  16.4 16.6 16.8 0.33 0.32 0.31
     Properties for sale  0.4 0.3 0.5 0.01 0.01 0.01
Cash, cash equivalent and short term investments  147.8 143.2 189.0 2.93 2.75 3.53
Contract loans including premium notes  131.5 131.4 138.5 2.61 2.53 2.59
Derivatives 96.8 95.4 102.0 1.92 1.83 1.91
Other invested assets  292.3 320.5 340.9 5.79 6.17 6.37
Receivables for securities  9.3 9.9 8.7 0.18 0.19 0.16
Securities lending reinvested collateral assets 19.5 14.3 15.4 0.39 0.28 0.29
Write-ins for invested assets  11.9 21.8 22.1 0.24 0.42 0.41
Total cash and invested assets  $5,045.8 $5,197.4 $5,348.2 100.0% 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.