Financial Accounts of the United States - Z.1
F.116 Life Insurance Companies (1)
Billions of dollars; quarterly figures are seasonally adjusted annual rates| Description | Series code | 2017 | 2018 | 2019 | 2018 Q3 | 2018 Q4 | 2019 Q1 | 2019 Q2 | 2019 Q3 | 2019 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Life insurance companies; gross saving including foreign earnings retained abroad less net capital transfers paid (2) | FA546000105 | 3.4 | 8.2 | 18.7 | 4.7 | 28.6 | 22.6 | 15.5 | 18.6 | 18.2 | 1 |
| Life insurance companies; gross fixed investment, nonresidential structures, equipment, and intellectual property products | FA545013005 | 19.5 | 21.5 | 22.9 | 21.7 | 22.0 | 22.6 | 22.9 | 23.1 | 23.1 | 2 |
| Life insurance companies; total financial assets | FA544090005 | 101.3 | 125.3 | 232.8 | 90.5 | 87.9 | 117.6 | 236.6 | 371.0 | 206.1 | 3 |
| Life insurance companies; checkable deposits and currency; asset | FA543020005 | 17.6 | -0.4 | 31.0 | -46.3 | 36.9 | 4.8 | 37.2 | 47.9 | 34.3 | 4 |
| Life insurance companies; money market fund shares; asset | FA543034005 | 3.6 | 6.7 | 7.7 | -15.5 | 39.2 | -17.2 | 16.4 | 19.9 | 11.7 | 5 |
| Life insurance companies, general accounts; security repurchase agreements, including those held by U.S. captive reinsurers; asset | FA542051075 | -0.4 | 0.2 | 0.5 | 1.0 | 0.2 | 0.5 | 0.8 | 0.0 | 0.5 | 6 |
| Life insurance companies; debt securities; asset | FA544022005 | 77.0 | 89.2 | 134.6 | 98.1 | 57.9 | 105.1 | 153.7 | 169.5 | 110.1 | 7 |
| Life insurance companies; commercial paper; asset | FA543069105 | -8.6 | -4.9 | 4.9 | -1.5 | -0.2 | 4.3 | 9.1 | -3.4 | 9.3 | 8 |
| Life insurance companies; Treasury securities; asset | FA543061105 | -0.8 | -28.8 | -4.4 | 4.6 | -115.6 | -22.9 | -15.0 | 10.7 | 9.5 | 9 |
| Life insurance companies; agency- and GSE-backed securities; asset | FA543061705 | 6.7 | 1.7 | 2.0 | 12.1 | -17.4 | 5.4 | -0.5 | 1.0 | 2.0 | 10 |
| Life insurance companies; municipal securities; asset | FA543062005 | 6.1 | -2.5 | -2.4 | -1.9 | -12.9 | -1.4 | -5.3 | -2.6 | -0.1 | 11 |
| Life insurance companies; corporate and foreign bonds; asset | FA543063005 | 73.6 | 123.7 | 134.5 | 84.9 | 204.0 | 119.7 | 165.3 | 163.7 | 89.5 | 12 |
| Life insurance companies; loans; asset | FA544023005 | 45.8 | 61.5 | 47.4 | 66.1 | 55.4 | 57.3 | 29.5 | 69.5 | 33.3 | 13 |
| Life insurance companies; other loans and advances; asset | FA543069005 | 4.6 | 0.0 | 3.7 | -1.0 | 0.6 | 3.4 | -1.7 | 13.2 | -0.0 | 14 |
| Life insurance companies; total mortgages; asset | FA543065005 | 41.2 | 61.4 | 43.7 | 67.0 | 54.9 | 53.9 | 31.2 | 56.3 | 33.4 | 15 |
| Life insurance companies; corporate equities; asset | FA543064105 | -5.9 | -44.4 | -29.4 | -48.3 | -53.7 | -17.3 | -31.6 | -22.5 | -46.3 | 16 |
| Life insurance companies; mutual fund shares; asset | FA543064205 | -75.9 | -87.0 | -85.3 | -88.5 | -91.1 | -59.2 | -101.0 | -95.0 | -86.1 | 17 |
| Life insurance companies; trade receivables from insurers; liability | FA543070005 | 11.1 | -0.7 | 4.8 | -0.7 | -0.8 | 2.6 | 3.5 | 5.7 | 7.3 | 18 |
| Life insurance companies; life insurance reserve credit from reinsurers; asset | FA543040005 | 34.2 | -36.2 | 15.0 | -35.3 | -36.3 | 6.4 | 8.6 | 14.0 | 30.9 | 19 |
| Life insurance companies; pension entitlements reserve credit from reinsurers; asset | FA543050005 | 7.8 | 100.1 | -0.3 | 98.2 | 100.8 | 5.6 | 6.5 | 11.5 | -24.7 | 20 |
| Life insurance companies, general accounts; U.S. direct investment abroad (market value); asset | FA543092073 | 2.7 | -11.7 | 0.4 | -2.0 | -6.9 | 4.5 | -6.1 | 4.1 | -0.9 | 21 |
| Life insurance companies; total miscellaneous assets | FA543090005 | -16.4 | 48.0 | 106.6 | 63.8 | -13.8 | 24.5 | 119.2 | 146.5 | 136.0 | 22 |
| Life insurance companies, general accounts; equity in FHLB; asset | FA543092473 | 0.4 | 0.5 | 0.9 | 0.3 | 0.3 | 0.4 | 0.0 | 1.2 | 1.8 | 23 |
| Life insurance companies, general accounts; deferred and unpaid life insurance premiums; asset | FA543077073 | 1.8 | 1.9 | 1.7 | 3.4 | -4.9 | 5.8 | -2.8 | 3.5 | 0.3 | 24 |
| Life insurance companies; accident and health reserve credit from reinsurers; asset | FA543095105 | 3.9 | 4.5 | 2.4 | 5.0 | 3.7 | 2.3 | 2.3 | 2.8 | 2.2 | 25 |
| Life insurance companies; unidentified miscellaneous assets | FA543093005 | -22.4 | 41.1 | 101.7 | 55.1 | -12.9 | 16.1 | 119.7 | 139.1 | 131.7 | 26 |
| Life insurance companies; total liabilities | FA544190005 | 118.8 | 96.9 | 200.9 | 76.1 | 91.3 | 69.0 | 182.9 | 350.9 | 200.8 | 27 |
| Life insurance companies, general accounts; security repurchase agreements; liability | FA542151073 | -0.3 | 2.7 | 4.5 | 10.6 | 2.2 | 6.0 | 9.3 | 0.5 | 2.3 | 28 |
| Life insurance companies, general accounts; corporate equities; liability | FA543164173 | -16.2 | -11.9 | -19.2 | -6.0 | -24.3 | -23.4 | -16.6 | -17.1 | -19.5 | 29 |
| Life insurance companies, general accounts; FHLB advances; liability | FA543169373 | 6.5 | 6.4 | 7.5 | -0.6 | 6.0 | 4.1 | 0.1 | 15.7 | 10.2 | 30 |
| Life insurance companies; trade payables to insurers; liability | FA543170005 | 37.5 | 15.2 | 7.1 | 14.9 | 15.3 | 4.7 | 6.3 | 10.3 | 7.0 | 31 |
| Life insurance companies; life insurance reserves; liability | FA543140005 | 43.4 | 43.3 | 62.5 | 33.4 | 47.5 | 33.1 | 50.3 | 88.9 | 77.6 | 32 |
| Life insurance companies; pension entitlements, including reserve credit from reinsurers and excluding unallocated insurance contracts; liability (3) | FA543150005 | 5.3 | 37.2 | 15.4 | -17.9 | 110.5 | -56.6 | 17.2 | 74.7 | 26.4 | 33 |
| Life insurance companies, general accounts; total taxes payable; liability | FA543178075 | 2.0 | -2.9 | -0.9 | -1.1 | -6.2 | 2.7 | -3.7 | -0.8 | -1.8 | 34 |
| Life insurance companies, general accounts; foreign direct investment in U.S. (market value); liability | FA543192073 | 7.0 | 4.1 | 10.4 | 6.8 | -2.1 | 12.8 | 1.7 | 15.9 | 11.3 | 35 |
| Life insurance companies; total miscellaneous liabilities | FA543190005 | 33.4 | 2.9 | 113.5 | 36.0 | -57.5 | 85.6 | 118.4 | 162.8 | 87.3 | 36 |
| Life insurance companies; net transactions due to holding companies; liability | FA543194733 | 2.5 | -11.0 | -4.8 | 0.8 | -41.6 | 1.8 | 1.7 | 1.0 | -23.6 | 37 |
| Issuers of asset-backed securities; funding agreements backing securities; asset (4) | FA673090543 | 12.0 | 3.1 | 5.1 | 3.2 | -7.4 | 13.3 | -5.5 | 4.2 | 8.2 | 38 |
| Life insurance companies; insurance reserves, excluding life insurance reserves and pension entitlements; liability (5) | FA543195005 | 17.6 | 26.3 | 12.1 | 29.7 | 27.5 | 21.2 | 12.5 | 11.8 | 3.0 | 39 |
| Pension funds; unallocated insurance contracts; asset | FA593095005 | 1.5 | 2.7 | 17.8 | 24.1 | -35.6 | 37.9 | 13.0 | -3.6 | 23.7 | 40 |
| Life insurance companies; unidentified miscellaneous liabilities | FA543193005 | -0.2 | -18.2 | 83.4 | -21.8 | -0.5 | 11.3 | 96.7 | 149.4 | 76.1 | 41 |
| Life insurance companies; sector discrepancy | FA547005005 | 1.4 | -41.6 | -36.1 | -31.4 | 10.0 | -48.6 | -61.1 | -24.6 | -10.2 | 42 |
| Life insurance companies, general accounts; securities lending; liability (6) | FA543200073 | 1.2 | -6.4 | 2.9 | 3.1 | -17.7 | 10.5 | -0.2 | 1.0 | 0.4 | 43 |
| Life insurance companies; direct reserve credit; liability | FA543176015 | 60.5 | 69.9 | 105.2 | 24.4 | 98.1 | 33.0 | 72.3 | 171.2 | 144.2 | 44 |
| Life insurance companies; reserve credit reinsured to U.S. reinsurers; liability | FA543176025 | 18.0 | 68.8 | 21.9 | 68.6 | 69.1 | 16.0 | 20.8 | 34.7 | 16.1 | 45 |
| Life insurance companies; reserve credit reinsured to non-U.S. reinsurers; asset | FA543076035 | 36.2 | 81.2 | 13.1 | 79.4 | 81.8 | 12.2 | 15.0 | 25.2 | -0.1 | 46 |
| Life insurance companies; reserve credit reinsured from non-U.S. reinsurers; liability | FA543176035 | 3.4 | 0.3 | 1.2 | 0.3 | 0.3 | 0.7 | 0.9 | 1.5 | 1.8 | 47 |
NOTES
- Additional detail on the financial assets and liabilities held in life insurer's general and separate accounts is available on tables F.116.g and F.116.s.
- Net capital transfers paid from table F.5, line 54.
- Annuity reserves held by life insurance companies, excluding unallocated contracts held by pension funds, which are shown on line 40.
- Equal to funding agreement-backed securities (FABS) issued by domestic issuers of asset-backed securities.
- Includes reserves for accident and health policies, policy dividend accumulation, and contract claims.
- Liability for securities lending collateral, included in line 41.
Last Update: March 12, 2020