INVESTMENTS, LIFE/HEALTH INSURERS, 2004-2008
| Bonds |
$2,049.4 |
$2,164.1 |
$2,147.1 |
75.88% |
73.26% |
71.27% |
| Stocks |
99.3 |
141.2 |
114.2 |
3.68 |
4.78 |
3.79 |
| Preferred stocks |
32.5 |
65.6 |
63.7 |
1.20 |
2.22 |
2.12 |
| Common stocks |
66.8 |
75.6 |
50.5 |
2.47 |
2.56 |
1.68 |
| Mortgage loans on real estate |
266.1 |
315.1 |
327.4 |
9.85 |
10.67 |
10.87 |
| First liens |
265.0 |
313.1 |
325.1 |
9.81 |
10.60 |
10.79 |
| Other than first liens |
1.1 |
2.0 |
2.3 |
0.04 |
0.07 |
0.08 |
| Real estate |
19.6 |
19.6 |
20.0 |
0.72 |
0.66 |
0.67 |
| Properties occupied by company |
5.8 |
5.9 |
5.9 |
0.22 |
0.20 |
0.20 |
| Properties held for income production |
12.3 |
12.7 |
13.8 |
0.46 |
0.43 |
0.46 |
| Properties held for sale |
1.4 |
0.9 |
0.4 |
0.05 |
0.03 |
0.01 |
| Cash, cash equivalent and short-term investments |
74.7 |
79.2 |
146.5 |
2.76 |
2.68 |
4.86 |
| Contract loans |
105.6 |
113.5 |
118.1 |
3.91 |
3.84 |
3.92 |
| Other invested assets |
70.2 |
102.5 |
103.2 |
2.60 |
3.47 |
3.42 |
| Receivables for securities |
2.5 |
2.4 |
3.0 |
0.09 |
0.08 |
0.10 |
| Aggregate write-ins for invested assets |
13.5 |
16.4 |
36.0 |
0.50 |
0.56 |
1.20 |
| Total cash and invested assets |
$2,700.8 |
$2,954.0 |
$3,012.8 |
100.00% |
100.00% |
100.00% |
|
Source: National Association of Insurance Commissioners (NAIC) Annual Statement Database, via Highline Data, LLC. Copyrighted information. No portion of this work may be copied or redistributed without the express written permission of Highline Data, LLC.
INVESTMENTS, LIFE/HEALTH INSURERS, 2005-2009 (1)
| Bonds |
$2,145.2 |
$2,150.7 |
$2,291.1 |
76.61% |
71.25% |
74.62% |
| Stocks |
98.7 |
112.3 |
72.7 |
3.52 |
3.72 |
2.37 |
| Preferred stock |
25.6 |
63.8 |
11.7 |
0.91 |
2.11 |
0.38 |
| Common stock |
73.1 |
48.5 |
61.0 |
2.61 |
1.61 |
1.99 |
| Mortgage loans on real estate |
276.5 |
327.8 |
315.7 |
9.87 |
10.86 |
10.28 |
| First lien real estate mortgage loans |
275.2 |
325.4 |
313.0 |
9.83 |
10.78 |
10.19 |
| Real estate loans less first liens |
1.3 |
2.3 |
2.8 |
0.05 |
0.08 |
0.09 |
| Real estate |
19.1 |
20.0 |
19.5 |
0.68 |
0.66 |
0.63 |
| Occupied properties |
5.3 |
5.9 |
6.2 |
0.19 |
0.20 |
0.20 |
| Income generating properties |
12.8 |
13.8 |
12.9 |
0.46 |
0.46 |
0.42 |
| Properties for sale |
0.9 |
0.4 |
0.4 |
0.03 |
0.01 |
0.01 |
| Cash, cash equivalent and short term assets |
61.9 |
146.8 |
122.8 |
2.21 |
4.86 |
4.00 |
| Contract loans including premium notes |
106.4 |
119.2 |
120.0 |
3.80 |
3.95 |
3.91 |
| Long-term investments |
77.0 |
102.8 |
105.3 |
2.75 |
3.41 |
3.43 |
| Receivables for securities |
3.0 |
3.0 |
2.0 |
0.11 |
0.10 |
0.06 |
| Write-ins for invested assets |
12.5 |
36.0 |
21.2 |
0.45 |
1.19 |
0.69 |
| Total cash and invested assets |
$2,800.3 |
$3,018.6 |
$3,070.3 |
100.00% |
100.00% |
100.00% |
|
(1) Data are net admitted assets of life/health insurers.
Source: SNL Financial LC.
INVESTMENTS, LIFE/HEALTH INSURERS, 2008-2010 (1)
| Bonds |
$2,149.6 |
$2,291.4 |
$2,425.9 |
71.22% |
74.59% |
75.93% |
| Stocks |
113.2 |
73.9 |
76.9 |
3.75 |
2.41 |
2.41 |
| Preferred stock |
64.0 |
11.7 |
9.1 |
2.12 |
0.38 |
0.28 |
| Common stock |
49.2 |
62.2 |
67.7 |
1.63 |
2.03 |
2.12 |
| Mortgage loans on real estate |
328.0 |
316.0 |
307.2 |
10.87 |
10.29 |
9.61 |
| First lien real estate mortgage loans |
325.7 |
313.2 |
305.0 |
10.79 |
10.20 |
9.55 |
| Real estate loans less first liens |
2.3 |
2.8 |
2.1 |
0.08 |
0.09 |
0.07 |
| Real estate |
20.0 |
19.5 |
19.7 |
0.66 |
0.63 |
0.62 |
| Occupied properties |
5.9 |
6.2 |
5.7 |
0.20 |
0.20 |
0.18 |
| Income generating properties |
13.8 |
12.9 |
13.6 |
0.46 |
0.42 |
0.43 |
| Properties for sale |
0.4 |
0.4 |
0.3 |
0.01 |
0.01 |
0.01 |
| Cash, cash equivalent and short term assets |
146.3 |
122.7 |
95.1 |
4.85 |
3.99 |
2.98 |
| Contract loans including premium notes |
119.3 |
120.0 |
123.5 |
3.95 |
3.91 |
3.86 |
| Derivatives |
NA |
NA |
21.6 |
NA |
NA |
0.68 |
| Other invested assets |
102.8 |
105.3 |
112.2 |
3.40 |
3.43 |
3.51 |
| Receivables for securities |
3.0 |
2.0 |
1.8 |
0.10 |
0.07 |
0.06 |
| Securities lending reinvested collateral assets |
NA |
NA |
10.6 |
NA |
NA |
0.33 |
| Write-ins for invested assets |
36.0 |
21.2 |
0.5 |
1.19 |
0.69 |
0.02 |
| Total cash and invested assets |
$3,018.3 |
$3,071.9 |
$3,194.9 |
100.00% |
100.00% |
100.00% |
|
(1) Data are net admitted assets of life/health insurers.
NA=Data not available.
Source: SNL Financial LC.
INVESTMENTS, LIFE/HEALTH INSURERS, 2009-2011 (1)
| Bonds |
$2,291.2 |
$2,426.5 |
$2,536.3 |
74.59% |
75.92% |
75.47% |
| Stocks |
73.9 |
77.9 |
78.4 |
2.41 |
2.44 |
2.33 |
| Preferred stock |
11.7 |
9.1 |
8.1 |
0.38 |
0.29 |
0.24 |
| Common stock |
62.2 |
68.7 |
70.3 |
2.03 |
2.15 |
2.09 |
| Mortgage loans on real estate |
316.0 |
307.4 |
323.1 |
10.29 |
9.62 |
9.61 |
| First lien real estate mortgage loans |
313.2 |
305.2 |
321.1 |
10.20 |
9.55 |
9.56 |
| Real estate mortgage loans less first liens |
2.8 |
2.1 |
2.0 |
0.09 |
0.07 |
0.06 |
| Real estate |
19.5 |
19.7 |
20.6 |
0.63 |
0.62 |
0.61 |
| Occupied properties |
6.2 |
5.7 |
5.7 |
0.20 |
0.18 |
0.17 |
| Income generating properties |
12.9 |
13.6 |
14.6 |
0.42 |
0.43 |
0.43 |
| Properties for sale |
0.4 |
0.3 |
0.3 |
0.01 |
0.01 |
0.01 |
| Cash, cash equivalent and short-term investments |
122.0 |
95.1 |
96.5 |
3.97 |
2.97 |
2.87 |
| Contract loans including premium notes |
120.0 |
123.5 |
126.0 |
3.91 |
3.86 |
3.75 |
| Derivatives |
NA |
21.6 |
44.4 |
NA |
0.68 |
1.32 |
| Other invested assets |
105.3 |
111.4 |
124.0 |
3.43 |
3.48 |
3.69 |
| Receivables for securities |
2.0 |
1.8 |
2.1 |
0.07 |
0.06 |
0.06 |
| Securities lending reinvested collateral assets |
NA |
10.6 |
10.1 |
NA |
0.33 |
0.30 |
| Write-ins for invested assets |
21.2 |
0.5 |
0.2 |
0.69 |
0.02 |
0.01 |
| Total cash and invested assets |
$3,071.9 |
$3,196.2 |
$3,360.5 |
100.00% |
100.00% |
100.00% |
|
(1) Data are net admitted assets of life/health insurers.
NA=Data not available.
Source: SNL Financial LC.
INVESTMENTS, LIFE/HEALTH INSURERS, 2011-2013 (1)
($ billions, end of year)
| |
Amount |
Percent of total investments |
| Investment type |
2011 |
2012 |
2013 |
2011 |
2012 |
2013 |
| Bonds |
$2,531.8 |
$2,543.3 |
$2,601.3 |
75.34% |
74.65% |
74.70% |
| Stocks |
78.4 |
78.0 |
80.3 |
2.33 |
2.29 |
2.31 |
| Preferred stock |
8.1 |
7.8 |
8.3 |
0.24 |
0.23 |
0.24 |
| Common stock |
70.3 |
70.2 |
72.1 |
2.09 |
2.06 |
2.07 |
| Mortgage loans on real estate |
323.1 |
335.6 |
353.1 |
9.61 |
9.85 |
10.14 |
| First lien real estate mortgage loans |
321.1 |
333.1 |
350.1 |
9.56 |
9.78 |
10.05 |
| Real estate loans less first liens |
2.0 |
2.5 |
3.1 |
0.06 |
0.07 |
0.09 |
| Real estate |
20.6 |
21.4 |
22.4 |
0.61 |
0.63 |
0.64 |
| Occupied properties |
5.7 |
5.5 |
5.4 |
0.17 |
0.16 |
0.16 |
| Income generating properties |
14.6 |
15.4 |
16.0 |
0.43 |
0.45 |
0.46 |
| Properties for sale |
0.3 |
0.5 |
0.9 |
0.01 |
0.02 |
0.03 |
| Cash, cash equivalent and short term investments |
96.5 |
106.6 |
94.8 |
2.87 |
3.13 |
2.72 |
| Contract loans including premium notes |
126.0 |
127.5 |
128.4 |
3.75 |
3.74 |
3.69 |
| Derivatives |
44.4 |
41.6 |
37.8 |
1.32 |
1.22 |
1.09 |
| Other invested assets |
124.0 |
136.6 |
145.5 |
3.69 |
4.01 |
4.18 |
| Receivables for securities |
2.1 |
2.1 |
3.2 |
0.06 |
0.06 |
0.09 |
| Securities lending reinvested collateral assets |
10.1 |
10.8 |
13.8 |
0.30 |
0.32 |
0.40 |
| Write-ins for invested assets |
0.2 |
-0.3 |
1.6 |
0.01 |
-0.01 |
0.05 |
| Total cash and invested assets |
$3,360.5 |
$3,407.1 |
$3,482.2 |
100.00% |
100.00% |
100.00% |
|
(1) Includes cash and net admitted assets of life/health insurers.
Source: SNL Financial LC.
INVESTMENTS, LIFE/HEALTH INSURERS, 2012-2014 (1)
($ billions, end of year)
| |
Amount |
Percent of total investments |
| Investment type |
2012 |
2013 |
2014 |
2012 |
2013 |
2014 |
| Bonds |
$2,543.5 |
$2,601.5 |
$2,685.2 |
74.65% |
74.61% |
73.85% |
| Stocks |
79.3 |
82.0 |
87.8 |
2.33 |
2.35 |
2.42 |
| Preferred stock |
7.8 |
8.3 |
9.1 |
0.23 |
0.24 |
0.25 |
| Common stock |
71.5 |
73.8 |
78.7 |
2.10 |
2.12 |
2.16 |
| Mortgage loans on real estate |
335.6 |
353.2 |
373.0 |
9.85 |
10.13 |
10.26 |
| First lien real estate mortgage loans |
333.1 |
350.1 |
368.4 |
9.78 |
10.04 |
10.13 |
| Real estate loans, less first liens |
2.5 |
3.1 |
4.6 |
0.07 |
0.09 |
0.13 |
| Real estate |
20.9 |
21.4 |
21.5 |
0.61 |
0.61 |
0.59 |
| Occupied properties |
5.5 |
5.4 |
5.5 |
0.16 |
0.16 |
0.15 |
| Income generating properties |
15.4 |
16.0 |
16.0 |
0.45 |
0.46 |
0.44 |
| Properties for sale |
0.5 |
1.0 |
0.4 |
0.02 |
0.03 |
0.01 |
| Cash, cash equivalent and short term investments |
106.6 |
94.8 |
100.0 |
3.13 |
2.72 |
2.75 |
| Contract loans including premium notes |
127.6 |
128.5 |
130.2 |
3.74 |
3.69 |
3.58 |
| Derivatives |
41.6 |
37.8 |
56.5 |
1.22 |
1.08 |
1.55 |
| Other invested assets |
138.6 |
147.7 |
164.2 |
4.07 |
4.23 |
4.51 |
| Receivables for securities |
2.1 |
3.2 |
2.2 |
0.06 |
0.09 |
0.06 |
| Securities lending reinvested collateral assets |
10.8 |
13.8 |
11.2 |
0.32 |
0.40 |
0.31 |
| Write-ins for invested assets |
-0.3 |
1.7 |
4.0 |
-0.01 |
0.05 |
0.11 |
| Total cash and invested assets |
$3,407.0 |
$3,486.6 |
$3,636.2 |
100.00% |
100.00% |
100.00% |
|
(1) Data are net admitted assets of life/health insurers.
Source: SNL Financial LC.
Investments, Life/Health Insurers, 2013-2015 (1)
($ billions, end of year)
| |
Amount |
Percent of total investments |
| Investment type |
2013 |
2014 |
2015 |
2013 |
2014 |
2015 |
| Bonds |
$2,601.2 |
$2,684.9 |
$2,734.1 |
74.70% |
73.93% |
73.82% |
| Stocks |
80.4 |
86.2 |
84.9 |
2.31 |
2.37 |
2.29 |
| Preferred stock |
8.3 |
9.1 |
9.6 |
0.24 |
0.25 |
0.26 |
| Common stock |
72.1 |
77.0 |
75.2 |
2.07 |
2.12 |
2.03 |
| Mortgage loans on real estate |
353.1 |
373.0 |
404.2 |
10.14 |
10.27 |
10.91 |
| First lien real estate mortgage loans |
350.1 |
368.4 |
397.4 |
10.05 |
10.14 |
10.73 |
| Real estate loans less first liens |
3.1 |
4.6 |
6.8 |
0.09 |
0.13 |
0.18 |
| Real estate |
22.4 |
21.9 |
23.7 |
0.64 |
0.60 |
0.64 |
| Occupied properties |
5.4 |
5.5 |
5.5 |
0.16 |
0.15 |
0.15 |
| Income generating properties |
16.0 |
16.0 |
17.8 |
0.46 |
0.44 |
0.48 |
| Properties for sale |
0.9 |
0.4 |
0.4 |
0.03 |
0.01 |
0.01 |
| Cash, cash equivalent and short term investments |
94.8 |
100.0 |
103.3 |
2.72 |
2.75 |
2.79 |
| Contract loans including premium notes |
128.4 |
130.1 |
126.8 |
3.69 |
3.58 |
3.42 |
| Derivatives |
37.8 |
56.5 |
53.8 |
1.09 |
1.56 |
1.45 |
| Other invested assets |
145.5 |
161.8 |
154.9 |
4.18 |
4.46 |
4.18 |
| Receivables for securities |
3.2 |
2.2 |
2.3 |
0.09 |
0.06 |
0.06 |
| Securities lending reinvested collateral assets |
13.8 |
11.2 |
11.7 |
0.40 |
0.31 |
0.32 |
| Write-ins for invested assets |
1.6 |
4.0 |
4.1 |
0.05 |
0.11 |
0.11 |
| Total cash and invested assets |
$3,482.2 |
$3,631.7 |
$3,703.9 |
100.00% |
100.00% |
100.00% |
|
(1) Data are net admitted assets of life/health insurers.
Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.
Investments, Life/Health Insurers, 2014-2016 (1)
($ billions, end of year)
| |
Amount |
Percent of total investments |
| Investment type |
2014 |
2015 |
2016 |
2014 |
2015 |
2016 |
| Bonds |
$2,684.9 |
$2,734.1 |
$2,860.7 |
73.93% |
73.82% |
73.50% |
| Stocks |
$86.2 |
$84.9 |
$96.0 |
2.37% |
2.29% |
2.47% |
| Preferred stock |
9.1 |
9.6 |
9.6 |
0.25 |
0.26 |
0.25 |
| Common stock |
77.0 |
75.2 |
86.4 |
2.12 |
2.03 |
2.22 |
| Mortgage loans on real estate |
$373.0 |
$404.2 |
$437.7 |
10.27% |
10.91% |
11.25% |
| First lien real estate mortgage loans |
368.4 |
397.4 |
430.1 |
10.14 |
10.73 |
11.05 |
| Real estate loans less first liens |
4.6 |
6.8 |
7.6 |
0.13 |
0.18 |
0.20 |
| Real estate |
$21.9 |
$23.7 |
$24.5 |
0.60% |
0.64% |
0.63% |
| Occupied properties |
5.5 |
5.5 |
6.0 |
0.15 |
0.15 |
0.15 |
| Income generating properties |
16.0 |
17.8 |
17.6 |
0.44 |
0.48 |
0.45 |
| Properties for sale |
0.4 |
0.4 |
0.9 |
0.01 |
0.01 |
0.02 |
| Cash, cash equivalent and short term investments |
100.0 |
103.3 |
101.4 |
2.75 |
2.79 |
2.61 |
| Contract loans including premium notes |
130.1 |
126.8 |
126.9 |
3.58 |
3.42 |
3.26 |
| Derivatives |
56.5 |
53.8 |
62.0 |
1.56 |
1.45 |
1.59 |
| Other invested assets |
161.8 |
154.9 |
158.3 |
4.46 |
4.18 |
4.07 |
| Receivables for securities |
2.2 |
2.3 |
3.9 |
0.06 |
0.06 |
0.10 |
| Securities lending reinvested collateral assets |
11.2 |
11.7 |
12.6 |
0.31 |
0.32 |
0.32 |
| Write-ins for invested assets |
4.0 |
4.1 |
8.0 |
0.11 |
0.11 |
0.20 |
| Total cash and invested assets |
$3,631.7 |
$3,703.9 |
$3,891.9 |
100.00% |
100.00% |
100.00% |
|
(1) Data are net admitted assets of life/health insurers.
Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.
Investments, Life Insurers, 2015-2017 (1)
($ billions, end of year)
| |
Amount |
Percent of total investments |
| Investment type |
2015 |
2016 |
2017 |
2015 |
2016 |
2017 |
| Bonds |
$2,734.0 |
$2,860.7 |
$2,973.5 |
73.82% |
73.50% |
72.98% |
| Stocks |
$84.9 |
$96.0 |
$104.9 |
2.29% |
2.47% |
2.57% |
| Preferred stock |
9.6 |
9.6 |
10.5 |
0.26 |
0.25 |
0.26 |
| Common stock |
75.3 |
86.4 |
94.4 |
2.03 |
2.22 |
2.32 |
| Mortgage loans on real estate |
$404.2 |
$437.7 |
$477.0 |
10.91% |
11.25% |
11.71% |
| First lien real estate mortgage loans |
397.4 |
430.1 |
468.5 |
10.73 |
11.05 |
11.50 |
| Real estate loans less first liens |
6.8 |
7.6 |
8.6 |
0.18 |
0.20 |
0.21 |
| Real estate |
$23.7 |
$24.5 |
$23.5 |
0.64% |
0.63% |
0.58% |
| Occupied properties |
5.5 |
6.0 |
6.0 |
0.15 |
0.15 |
0.15 |
| Income generating properties |
17.8 |
17.6 |
17.0 |
0.48 |
0.45 |
0.42 |
| Properties for sale |
0.4 |
0.9 |
0.5 |
0.01 |
0.02 |
0.01 |
| Cash, cash equivalent and short term investments |
103.3 |
101.4 |
104.6 |
2.79 |
2.61 |
2.57 |
| Contract loans including premium notes |
126.8 |
126.9 |
128.9 |
3.42 |
3.26 |
3.16 |
| Derivatives |
53.8 |
62.0 |
58.7 |
1.45 |
1.59 |
1.44 |
| Other invested assets |
154.9 |
158.3 |
174.7 |
4.18 |
4.07 |
4.29 |
| Receivables for securities |
2.3 |
3.9 |
5.3 |
0.06 |
0.10 |
0.13 |
| Securities lending reinvested collateral assets |
11.7 |
12.6 |
16.9 |
0.32 |
0.32 |
0.41 |
| Write-ins for invested assets |
4.1 |
8.0 |
6.4 |
0.11 |
0.20 |
0.16 |
| Total cash and invested assets |
$3,703.9 |
$3,891.9 |
$4,074.4 |
100.00% |
100.00% |
100.00% |
|
(1) Data are net admitted assets of life/annuity insurers. Excludes investments of separate accounts.
Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.
Investments, Life/Annuity Insurers, 2016-2018 (1)
($ 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 |
$4,124.1 |
100.00% |
100.00% |
100.00% |
|
(1) Data are net admitted assets of life/annuity insurers.
Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.
Investments, Life/Annuity Insurers, 2017-2019 (1)
($ billions, end of year)
| |
Amount |
Percent of total investments |
| Investment type |
2017 |
2018 |
2019 |
2017 |
2018 |
2019 |
| Bonds |
$2,973.5 |
$2,989.1 |
$3,087.8 |
72.97% |
72.48% |
71.11% |
| Stocks |
$104.9 |
$94.1 |
$105.3 |
2.57% |
2.28% |
2.43% |
| Preferred stock |
10.5 |
12.3 |
12.9 |
0.26 |
0.30 |
0.30 |
| Common stock |
94.5 |
81.8 |
92.4 |
2.32 |
1.98 |
2.13 |
| Mortgage loans on real estate |
$477.0 |
$521.5 |
$565.5 |
11.71% |
12.65% |
13.02% |
| First lien real estate mortgage loans |
468.5 |
512.6 |
557.3 |
11.50 |
12.43 |
12.83 |
| Real estate loans less first liens |
8.6 |
8.9 |
8.3 |
0.21 |
0.22 |
0.19 |
| Real estate |
$23.5 |
$20.4 |
$23.0 |
0.58% |
0.50% |
0.53% |
| Occupied properties |
6.0 |
5.8 |
5.9 |
0.15 |
0.14 |
0.14 |
| Income generating properties |
17.0 |
14.1 |
16.0 |
0.42 |
0.34 |
0.37 |
| Properties for sale |
0.5 |
0.5 |
1.1 |
0.01 |
0.01 |
0.03 |
| Cash, cash equivalent and short term investments |
104.7 |
104.7 |
118.7 |
2.57 |
2.54 |
2.73 |
| Contract loans including premium notes |
128.9 |
129.2 |
131.0 |
3.16 |
3.13 |
3.02 |
| Derivatives |
58.7 |
56.4 |
79.5 |
1.44 |
1.37 |
1.83 |
| Other invested assets |
175.1 |
187.1 |
206.0 |
4.30 |
4.54 |
4.74 |
| Receivables for securities |
5.3 |
4.5 |
5.0 |
0.13 |
0.11 |
0.11 |
| Securities lending reinvested collateral assets |
16.9 |
12.6 |
15.5 |
0.41 |
0.30 |
0.36 |
| Write-ins for invested assets |
6.4 |
4.5 |
5.3 |
0.16 |
0.11 |
0.12 |
| Total cash and invested assets |
$4,074.8 |
$4,124.1 |
$4,342.5 |
100.00% |
100.00% |
100.00% |
|
(1) Data are net admitted assets of life/annuity insurers.
Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.
Investments, Life/Annuity Insurers, 2018-2020 (1)
($ billions, end of year)
| |
Amount |
Percent of total investments |
| Investment type |
2018 |
2019 |
2020 |
2018 |
2019 |
2020 |
| Bonds |
$2,989.1 |
$3,087.8 |
$3,272.1 |
72.48% |
71.11% |
70.24% |
| Stocks |
$94.1 |
$105.3 |
$117.1 |
2.28% |
2.43% |
2.51% |
| Preferred stock |
12.3 |
12.9 |
14.6 |
0.30 |
0.30 |
0.31 |
| Common stock |
81.8 |
92.4 |
102.5 |
1.98 |
2.13 |
2.20 |
| Mortgage loans on real estate |
$521.5 |
$565.5 |
$587.2 |
12.65% |
13.02% |
12.60% |
| First lien real estate mortgage loans |
512.6 |
557.3 |
579.2 |
12.43 |
12.83 |
12.43 |
| Real estate loans less first liens |
8.9 |
8.3 |
8.0 |
0.22 |
0.19 |
0.17 |
| Real estate |
$20.4 |
$23.0 |
$22.6 |
0.50% |
0.53% |
0.49% |
| Occupied properties |
5.8 |
5.9 |
6.1 |
0.14 |
0.14 |
0.13 |
| Income generating properties |
14.1 |
16.0 |
16.0 |
0.34 |
0.37 |
0.34 |
| Properties for sale |
0.5 |
1.1 |
0.6 |
0.01 |
0.03 |
0.01 |
| Cash, cash equivalent and short term investments |
104.7 |
118.7 |
151.0 |
2.54 |
2.73 |
3.24 |
| Contract loans including premium notes |
129.2 |
131.0 |
130.4 |
3.13 |
3.02 |
2.80 |
| Derivatives |
56.4 |
79.5 |
121.5 |
1.37 |
1.83 |
2.61 |
| Other invested assets |
187.1 |
206.0 |
227.4 |
4.54 |
4.74 |
4.88 |
| Receivables for securities |
4.5 |
5.0 |
7.0 |
0.11 |
0.11 |
0.15 |
| Securities lending reinvested collateral assets |
12.6 |
15.5 |
16.2 |
0.30 |
0.36 |
0.35 |
| Write-ins for invested assets |
4.5 |
5.3 |
6.1 |
0.11 |
0.12 |
0.13 |
| Total cash and invested assets |
$4,124.1 |
$4,342.5 |
$4,658.6 |
100.00% |
100.00% |
100.00% |
|
(1) Data are net admitted assets of life/annuity insurers.
Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.
Investments, Life/Annuity Insurers, 2019-2021 (1)
($ billions, end of year)
| |
Amount |
Percent of total investments |
| Investment type |
2019 |
2020 |
2021 |
2019 |
2020 |
2021 |
| Bonds |
$3,087.8 |
$3,272.1 |
$3,415.5 |
71.11% |
70.24% |
69.88% |
| Stocks |
105.3 |
117.1 |
133.5 |
2.43 |
2.51 |
2.73 |
| Preferred stock |
12.9 |
14.6 |
19.2 |
0.30 |
0.31 |
0.39 |
| Common stock |
92.4 |
102.5 |
114.3 |
2.13 |
2.20 |
2.34 |
| Mortgage loans on real estate |
565.5 |
587.2 |
625.9 |
13.02 |
12.60 |
12.81 |
| First lien real estate mortgage loans |
557.3 |
579.2 |
617.9 |
12.83 |
12.43 |
12.64 |
| Real estate loans less first liens |
8.3 |
8.0 |
8.0 |
0.19 |
0.17 |
0.16 |
| Real estate |
23.0 |
22.6 |
22.5 |
0.53 |
0.49 |
0.46 |
| Occupied properties |
5.9 |
6.1 |
5.8 |
0.14 |
0.13 |
0.12 |
| Income generating properties |
16.0 |
16.0 |
16.3 |
0.37 |
0.34 |
0.33 |
| Properties for sale |
1.1 |
0.6 |
0.4 |
0.03 |
0.01 |
0.01 |
| Cash, cash equivalent and short term investments |
118.7 |
151.0 |
143.6 |
2.73 |
3.24 |
2.94 |
| Contract loans including premium notes |
131.0 |
130.4 |
128.7 |
3.02 |
2.80 |
2.63 |
| Derivatives |
79.5 |
121.5 |
96.6 |
1.83 |
2.61 |
1.98 |
| Other invested assets |
206.0 |
227.4 |
281.6 |
4.74 |
4.88 |
5.76 |
| Receivables for securities |
5.0 |
7.0 |
9.0 |
0.11 |
0.15 |
0.18 |
| Securities lending reinvested collateral assets |
15.5 |
16.2 |
18.8 |
0.36 |
0.35 |
0.38 |
| Write-ins for invested assets |
5.3 |
6.1 |
11.9 |
0.12 |
0.13 |
0.24 |
| Total cash and invested assets |
$4,342.5 |
$4,658.6 |
$4,887.7 |
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.