Investments, Property/Casualty Insurers, 2019-2021 (1)

($ millions, end of year)

  Amount Percent of total investments
Investment type 2019 2020 2021 2019 2020 2021
Bonds $1,066,685 $1,111,622 $1,178,226 57.05% 55.38% 53.02%
Stocks $500,031 $536,272 $657,175 26.74% 26.71% 29.58%
     Preferred 14,261 16,515 17,447 0.76 0.82 0.79
     Common 485,770 519,757 639,728 25.98 25.89 28.79
Mortgage loans on real estate 22,132 23,660 27,021 1.18 1.18 1.22
     First liens 20,835 23,298 26,526 1.11 1.16 1.19
     Other than first liens 1,298 362 495 0.07 0.02 0.02
Real estate $13,677 $13,739 $13,301 0.73% 0.68% 0.60%
     Properties occupied by company 9,190 9,151 8,875 0.49 0.46 0.40
     Properties held for income production 4,102 4,297 4,017 0.22 0.21 0.18
     Properties held for sale 384 290 409 0.02 0.01 0.02
Cash, cash equivalent and short-term investments 115,039 140,244 156,464 6.15 6.99 7.04
Derivatives 273 537 609 0.01 0.03 0.03
Other invested assets 146,380 175,007 180,263 7.83 8.72 8.11
Receivable for securities 1,545 2,326 3,177 0.08 0.12 0.14
Securities lending reinvested collateral assets 4,444 4,537 6,520 0.24 0.23 0.29
Aggregate write-in for invested assets -353 -547 -711 NA NA NA
Total cash and invested assets $1,869,854 $2,007,396 $2,222,046 100.00% 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.