Investments, Property/Casualty Insurers, 2017-2019 (1)

($ millions, end of year)

  Amount Percent of total investments
Investment type 2017 2018 2019 2017 2018 2019
Bonds $979,530 $1,020,600 $1,066,685 57.91% 60.23% 57.05%
Stocks $417,449 $396,972 $500,031 24.68% 23.43% 26.74%
     Preferred 5,448 5,247 14,261 0.32 0.31 0.76
     Common 412,001 391,725 485,770 24.36 23.12 25.98
Mortgage loans on real estate $17,324 $18,876 $22,132 1.02% 1.11% 1.18%
     First liens 16,643 18,220 20,835 0.98 1.08 1.11
     Other than first liens 681 656 1,298 0.04 0.04 0.07
Real estate $12,887 $13,667 $13,677 0.76% 0.81% 0.73%
     Properties occupied by company 9,122 9,290 9,190 0.54 0.55 0.49
     Properties held for income production 3,543 3,950 4,102 0.21 0.23 0.22
     Properties held for sale 223 427 384 0.01 0.03 0.02
Cash, cash equivalent and short-term investments 115,060 101,384 115,039 6.80 5.98 6.15
Derivatives 233 411 273 0.01 0.02 0.01
Other invested assets 137,878 133,876 146,380 8.15 7.90 7.83
Receivable for securities 2,102 1,919 1,545 0.12 0.11 0.08
Securities lending reinvested collateral assets 4,440 4,804 4,444 0.26 0.28 0.24
Aggregate write-in for invested assets 4,673 1,915 -353 0.28 0.11 NA
Total cash and invested assets $1,691,575 $1,694,424 $1,869,854 100.00% 100.00% 100.00%
(1) Includes cash and net admitted assets of property/casualty insurers. NA=Not applicable. Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.