Investments, Property/Casualty Insurers, 2018-2020 (1)

($ millions, end of year)

  Amount Percent of total investments
Investment type 2018 2019 2020 2018 2019 2020
Bonds $1,020,600 $1,066,685 $1,111,622 60.23% 57.05% 55.38%
Stocks $396,972 $500,031 $536,272 23.43% 26.74% 26.71%
     Preferred 5,247 14,261 16,515 0.31 0.76 0.82
     Common 391,725 485,770 519,757 23.12 25.98 25.89
Mortgage loans on real estate $18,876 $22,132 $23,660 1.11% 1.18% 1.18%
     First liens 18,220 20,835 23,298 1.08 1.11 1.16
     Other than first liens 656 1,298 362 0.04 0.07 0.02
Real estate $13,667 $13,677 $13,739 0.81% 0.73% 0.68%
     Properties occupied by company 9,290 9,190 9,151 0.55 0.49 0.46
     Properties held for income production 3,950 4,102 4,297 0.23 0.22 0.21
     Properties held for sale 427 384 290 0.03 0.02 0.01
Cash, cash equivalent and short-term investments 101,384 115,039 140,244 5.98 6.15 6.99
Derivatives 411 273 537 0.02 0.01 0.03
Other invested assets 133,876 146,380 175,007 7.90 7.83 8.72
Receivable for securities 1,919 1,545 2,326 0.11 0.08 0.12
Securities lending reinvested collateral assets 4,804 4,444 4,537 0.28 0.24 0.23
Aggregate write-in for invested assets 1,915 -353 -547 0.11 NA NA
Total cash and invested assets $1,694,424 $1,869,854 $2,007,396 100.00% 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.