U.S. Life Insurers Add $44 Billion to Mortgage Investments
August 6, 2019 by Allison Bell
U.S. life insurers still have almost three-quarters of their assets parked in bonds, but the value of their mortgage investments is growing much faster.
A team at the National Association of Insurance Commissioners’ Capital Markets Bureau has painted that picture in two new insurance company investment reports based on insurers’ financial statements for 2018.
U.S. life insurers ended 2018 with $4.2 trillion in cash and invested assets, up 1.3% from the total at the end of 2017.
Life insurers’ bond holdings increased by $17 billion — just 0.6% — to $3 trillion.
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