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 | 2019 Q1 | 2019 Q2 | 2019 Q3 | 2019 Q4 | 2020 Q1 | 2020 Q2 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Life insurance companies; gross saving including foreign earnings retained abroad less net capital transfers paid (2) | FA546000105 | 15.4 | 5.8 | 7.8 | 14.1 | 8.8 | 8.7 | -0.3 | 5.9 | 9.2 | 1 |
| Life insurance companies; gross fixed investment, nonresidential structures, equipment, and intellectual property products | FA545013005 | 18.6 | 19.8 | 21.5 | 21.1 | 21.3 | 21.6 | 21.7 | 21.8 | 21.2 | 2 |
| Life insurance companies; total financial assets | FA544090005 | 96.3 | 126.3 | 135.3 | 93.8 | 250.5 | 368.4 | -171.4 | 1170.7 | -57.2 | 3 |
| Life insurance companies; checkable deposits and currency; asset | FA543020005 | 17.6 | -0.4 | 4.0 | -5.6 | 27.8 | 38.2 | -44.3 | 190.8 | -19.2 | 4 |
| Life insurance companies; money market fund shares; asset | FA543034005 | 3.6 | 6.7 | 3.6 | -11.9 | 18.5 | 21.7 | -13.8 | 134.6 | 6.3 | 5 |
| Life insurance companies, general accounts; security repurchase agreements, including those held by U.S. captive reinsurers; asset | FA542051075 | -0.4 | 0.2 | 4.1 | 4.6 | 5.3 | 4.0 | 2.6 | 13.9 | -9.1 | 6 |
| Life insurance companies; debt securities; asset | FA544022005 | 77.0 | 89.1 | 124.6 | 143.1 | 166.3 | 185.9 | 3.1 | 377.7 | 181.8 | 7 |
| Life insurance companies; commercial paper; asset | FA543069105 | -8.6 | -4.9 | -4.4 | 0.2 | 0.8 | -9.2 | -9.4 | -6.9 | -8.9 | 8 |
| Life insurance companies; Treasury securities; asset | FA543061105 | -0.8 | -28.8 | -6.4 | -23.0 | -18.1 | 7.4 | 8.2 | 45.8 | -0.2 | 9 |
| Life insurance companies; agency- and GSE-backed securities; asset | FA543061705 | 6.7 | 1.6 | -1.3 | 11.1 | 0.2 | 1.7 | -18.3 | 22.0 | -40.7 | 10 |
| Life insurance companies; municipal securities; asset | FA543062005 | 6.1 | -2.5 | -1.0 | 0.8 | -3.4 | -0.5 | -0.8 | 0.6 | -0.6 | 11 |
| Life insurance companies; corporate and foreign bonds; asset | FA543063005 | 73.6 | 123.7 | 137.6 | 154.0 | 186.6 | 186.5 | 23.4 | 316.2 | 232.2 | 12 |
| Life insurance companies; loans; asset | FA544023005 | 45.8 | 61.5 | 47.5 | 58.6 | 28.6 | 66.5 | 36.4 | 65.5 | 1.3 | 13 |
| Life insurance companies; other loans and advances; asset | FA543069005 | 4.6 | 0.0 | -3.6 | -1.2 | -7.0 | 7.5 | -13.5 | 22.5 | -10.6 | 14 |
| Life insurance companies; total mortgages; asset | FA543065005 | 41.2 | 61.4 | 51.1 | 59.8 | 35.7 | 59.0 | 49.8 | 43.0 | 11.9 | 15 |
| Life insurance companies; corporate equities; asset | FA543064105 | -5.9 | -44.5 | 1.1 | -3.1 | 6.6 | 7.9 | -7.0 | -6.9 | -13.3 | 16 |
| Life insurance companies; mutual fund shares; asset | FA543064205 | -75.9 | -87.0 | -86.6 | -68.3 | -98.8 | -90.8 | -88.3 | -153.6 | -60.8 | 17 |
| Life insurance companies; trade receivables from insurers; liability | FA543070005 | 11.1 | -0.7 | 6.5 | 11.6 | 13.6 | 20.2 | -19.6 | 75.4 | -7.0 | 18 |
| Life insurance companies; life insurance reserve credit from reinsurers; asset | FA543040005 | 34.2 | -36.2 | 6.7 | 5.0 | 6.6 | 12.6 | 2.8 | 20.5 | -5.8 | 19 |
| Life insurance companies; pension entitlements reserve credit from reinsurers; asset | FA543050005 | 7.8 | 100.1 | 7.7 | 6.3 | 7.6 | 12.2 | 4.7 | 34.8 | -5.6 | 20 |
| Life insurance companies, general accounts; U.S. direct investment abroad (market value); asset | FA543092073 | 3.1 | -11.0 | -2.8 | 3.9 | -6.2 | -0.9 | -8.2 | 3.7 | -16.1 | 21 |
| Life insurance companies; total miscellaneous assets | FA543090005 | -21.9 | 48.5 | 18.8 | -50.4 | 74.6 | 91.1 | -39.8 | 414.2 | -109.7 | 22 |
| Life insurance companies, general accounts; equity in FHLB; asset | FA543092473 | 0.4 | 0.5 | 0.6 | 0.4 | 0.0 | 1.2 | 0.7 | 3.2 | -2.5 | 23 |
| Life insurance companies, general accounts; deferred and unpaid life insurance premiums; asset | FA543077073 | 1.8 | 1.9 | 1.5 | 5.8 | -2.8 | 3.5 | -0.5 | 10.2 | -3.8 | 24 |
| Life insurance companies; accident and health reserve credit from reinsurers; asset | FA543095105 | 3.9 | 4.5 | 3.3 | 2.3 | 2.3 | 2.8 | 5.9 | -0.1 | 2.2 | 25 |
| Life insurance companies; unidentified miscellaneous assets | FA543093005 | -28.0 | 41.6 | 13.5 | -58.8 | 75.1 | 83.6 | -45.9 | 400.9 | -105.6 | 26 |
| Life insurance companies; total liabilities | FA544190005 | 116.1 | 101.1 | 131.6 | 68.7 | 182.1 | 349.9 | -74.3 | 927.4 | -84.5 | 27 |
| Life insurance companies, general accounts; security repurchase agreements; liability | FA542151073 | -0.3 | 2.7 | -6.5 | -2.1 | -1.5 | -9.6 | -13.0 | 38.4 | -4.8 | 28 |
| Life insurance companies, general accounts; corporate equities; liability | FA543164173 | -16.2 | -11.9 | -17.0 | -23.4 | -16.6 | -17.1 | -10.7 | -22.5 | 1.6 | 29 |
| Life insurance companies, general accounts; FHLB advances; liability | FA543169373 | 6.5 | 6.4 | 7.5 | 4.1 | 0.1 | 15.7 | 10.2 | 76.0 | 2.2 | 30 |
| Life insurance companies; trade payables to insurers; liability | FA543170005 | 37.5 | 15.2 | 13.5 | 18.0 | 21.5 | 31.0 | -16.5 | 92.6 | 15.1 | 31 |
| Life insurance companies; life insurance reserves; liability | FA543140005 | 43.4 | 43.3 | 31.7 | 19.5 | 32.5 | 75.1 | -0.2 | 123.3 | -44.4 | 32 |
| Life insurance companies; pension entitlements, including reserve credit from reinsurers and excluding unallocated insurance contracts; liability (3) | FA543150005 | 0.2 | 42.2 | 11.2 | -37.0 | 39.9 | 88.7 | -46.7 | 263.0 | -154.0 | 33 |
| Life insurance companies, general accounts; total taxes payable; liability | FA543178075 | 2.5 | -2.9 | 0.4 | 2.7 | -3.9 | -0.8 | 3.6 | 10.1 | 4.9 | 34 |
| Life insurance companies, general accounts; foreign direct investment in U.S. (market value); liability | FA543192073 | 4.6 | 8.3 | 10.9 | 12.3 | 5.2 | 14.5 | 11.5 | -2.3 | 5.5 | 35 |
| Life insurance companies; total miscellaneous liabilities | FA543190005 | 37.8 | -2.1 | 79.9 | 74.8 | 104.9 | 152.5 | -12.5 | 348.7 | 89.5 | 36 |
| Life insurance companies; net transactions due to holding companies; liability | FA543194733 | 2.5 | -11.0 | 1.1 | 1.8 | 1.7 | 1.0 | 0.1 | -23.7 | 0.0 | 37 |
| Issuers of asset-backed securities; funding agreements backing securities; asset (4) | FA673090543 | 7.7 | 4.5 | 5.0 | 13.5 | -3.4 | 4.7 | 5.0 | 18.0 | 12.8 | 38 |
| Life insurance companies; insurance reserves, excluding life insurance reserves and pension entitlements; liability (5) | FA543195005 | 17.6 | 26.3 | 17.9 | 20.1 | 12.1 | 11.5 | 27.9 | 3.5 | 19.5 | 39 |
| Pension funds; unallocated insurance contracts; asset | FA593095005 | 7.8 | -3.1 | 14.8 | 40.7 | 11.8 | 2.1 | 4.6 | -75.5 | 40.2 | 40 |
| Life insurance companies; unidentified miscellaneous liabilities | FA543193005 | 2.2 | -18.9 | 41.1 | -1.3 | 82.8 | 133.2 | -50.1 | 426.4 | 17.0 | 41 |
| Life insurance companies; sector discrepancy | FA547005005 | 16.7 | -39.2 | -17.4 | -32.1 | -81.0 | -31.4 | 75.0 | -259.3 | -39.3 | 42 |
| Life insurance companies, general accounts; securities lending; liability (6) | FA543200073 | 1.2 | -6.4 | 2.1 | 10.5 | -0.2 | 1.0 | -2.8 | 6.5 | 2.7 | 43 |
| Life insurance companies; direct reserve credit; liability | FA543176015 | 60.5 | 69.9 | 74.5 | 43.0 | 81.5 | 180.3 | -6.7 | 366.2 | -115.6 | 44 |
| Life insurance companies; reserve credit reinsured to U.S. reinsurers; liability | FA543176025 | 18.0 | 68.8 | 19.6 | 14.4 | 18.4 | 33.0 | 12.4 | 58.4 | -17.2 | 45 |
| Life insurance companies; reserve credit reinsured to non-U.S. reinsurers; asset | FA543076035 | 36.2 | 81.2 | 15.3 | 12.0 | 14.7 | 25.0 | 9.5 | 57.3 | -10.9 | 46 |
| Life insurance companies; reserve credit reinsured from non-U.S. reinsurers; liability | FA543176035 | 3.4 | 0.3 | 0.9 | 0.7 | 0.9 | 1.5 | 0.5 | 3.7 | -0.7 | 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: September 21, 2020