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 | 2019 | 2020 | 2021 | 2020 Q3 | 2020 Q4 | 2021 Q1 | 2021 Q2 | 2021 Q3 | 2021 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Life insurance companies; gross saving including foreign earnings retained abroad less net capital transfers paid (2) | FA546000105 | 50.7 | 19.5 | 15.9 | 14.1 | 15.2 | 13.5 | 16.1 | 16.4 | 17.4 | 1 |
| Life insurance companies; gross fixed investment, nonresidential structures, equipment, and intellectual property products | FA545013005 | 23.5 | 24.8 | 27.5 | 24.8 | 25.6 | 26.5 | 27.3 | 27.8 | 28.4 | 2 |
| Life insurance companies; total financial assets | FA544090005 | 144.0 | 387.8 | 77.8 | 142.8 | 259.1 | -39.3 | 97.6 | 216.1 | 36.8 | 3 |
| Life insurance companies; checkable deposits and currency; asset | FA543020005 | 4.0 | 33.0 | 13.7 | -65.9 | -17.6 | -25.6 | 75.9 | -7.2 | 11.8 | 4 |
| Life insurance companies; money market fund shares; asset | FA543034005 | 3.6 | 7.9 | -3.5 | -46.7 | -25.9 | -15.9 | 16.6 | -17.3 | 2.7 | 5 |
| Life insurance companies, general accounts; security repurchase agreements, including those held by U.S. captive reinsurers; asset | FA542051075 | 4.1 | 1.9 | 0.2 | 8.5 | -9.6 | -4.6 | 0.3 | 2.9 | 2.4 | 6 |
| Life insurance companies; debt securities; asset | FA544022005 | 122.1 | 184.3 | 140.8 | 304.4 | 85.6 | 73.8 | 73.2 | 329.8 | 86.5 | 7 |
| Life insurance companies; commercial paper; asset | FA543069105 | -4.4 | 5.2 | -6.1 | 21.3 | -20.9 | -13.8 | -0.4 | 8.7 | -18.9 | 8 |
| Life insurance companies; Treasury securities; asset | FA543061105 | -6.4 | 7.1 | 8.2 | 28.0 | -0.3 | -10.9 | 21.2 | 21.9 | 0.5 | 9 |
| Life insurance companies; agency- and GSE-backed securities; asset | FA543061705 | -1.3 | -20.2 | -14.2 | 5.1 | -29.4 | -37.1 | -14.1 | -0.9 | -4.8 | 10 |
| Life insurance companies; municipal securities; asset | FA543062005 | -1.0 | -2.9 | 1.0 | -1.5 | -2.3 | -0.8 | 0.3 | 4.7 | -0.2 | 11 |
| Life insurance companies; corporate and foreign bonds; asset | FA543063005 | 135.1 | 195.1 | 152.0 | 251.5 | 138.4 | 136.4 | 66.2 | 295.5 | 109.8 | 12 |
| Life insurance companies; loans; asset | FA544023005 | 50.1 | 27.2 | 39.4 | 5.2 | 40.2 | 12.1 | 45.0 | 60.6 | 39.7 | 13 |
| Life insurance companies; other loans and advances; asset | FA543069005 | -1.0 | 1.7 | 4.6 | 0.2 | -3.2 | 2.8 | 3.6 | 7.1 | 5.1 | 14 |
| Life insurance companies; total mortgages; asset | FA543065005 | 51.1 | 25.5 | 34.8 | 5.0 | 43.4 | 9.4 | 41.4 | 53.6 | 34.7 | 15 |
| Life insurance companies; corporate equities; asset | FA543064105 | 1.2 | 1.1 | -30.2 | -7.8 | 20.9 | -13.8 | -53.5 | -25.1 | -28.7 | 16 |
| Life insurance companies; mutual fund shares; asset | FA543064205 | -86.6 | -99.2 | -135.9 | -97.6 | -84.4 | -112.5 | -209.5 | -124.1 | -97.4 | 17 |
| Life insurance companies; trade receivables from insurers; liability | FA543070005 | 6.5 | 22.5 | 4.8 | 18.9 | 22.5 | 1.4 | 13.9 | -1.5 | 5.2 | 18 |
| Life insurance companies; life insurance reserve credit from reinsurers; asset | FA543040005 | 6.7 | 5.6 | 7.5 | 4.7 | 5.6 | -8.4 | 13.7 | 10.2 | 14.6 | 19 |
| Life insurance companies; pension entitlements reserve credit from reinsurers; asset | FA543050005 | 7.7 | 91.4 | 12.2 | 76.6 | 90.8 | 4.1 | 18.9 | 14.6 | 11.1 | 20 |
| Life insurance companies, general accounts; U.S. direct investment abroad (market value); asset | FA543092073 | -2.4 | -1.5 | -2.0 | -5.9 | -0.1 | -0.6 | -2.4 | -2.3 | -2.8 | 21 |
| Life insurance companies; total miscellaneous assets | FA543090005 | 27.1 | 113.6 | 30.7 | -51.6 | 131.2 | 50.6 | 105.4 | -24.5 | -8.5 | 22 |
| Life insurance companies, general accounts; equity in FHLB; asset | FA543092473 | 0.6 | 2.5 | 1.2 | 1.2 | 1.9 | 3.1 | 0.6 | 0.2 | 1.1 | 23 |
| Life insurance companies, general accounts; deferred and unpaid life insurance premiums; asset | FA543077073 | 1.5 | 0.1 | 0.1 | -1.7 | -4.4 | 8.5 | -3.3 | -0.1 | -4.5 | 24 |
| Life insurance companies; accident and health reserve credit from reinsurers; asset | FA543095105 | 3.3 | 8.8 | 2.5 | 7.4 | 8.8 | -0.4 | 1.7 | 3.3 | 5.7 | 25 |
| Life insurance companies; unidentified miscellaneous assets | FA543093005 | 21.7 | 102.2 | 26.8 | -58.5 | 124.8 | 39.4 | 106.4 | -27.9 | -10.7 | 26 |
| Life insurance companies; total liabilities and equity | FA544194005 | 115.4 | 403.3 | 21.9 | 163.4 | 417.3 | -168.5 | 33.1 | 211.7 | 11.5 | 27 |
| Life insurance companies; total liabilities | FA544190005 | 137.5 | 414.9 | 44.8 | 177.7 | 435.1 | -132.3 | 41.5 | 237.0 | 32.8 | 28 |
| Life insurance companies, general accounts; security repurchase agreements; liability | FA542151073 | -6.5 | 1.1 | 0.5 | 16.5 | -27.7 | -13.3 | 0.6 | 6.2 | 8.3 | 29 |
| Life insurance companies, general accounts; FHLB advances; liability | FA543169373 | 7.5 | 15.3 | 0.5 | -18.4 | 1.3 | 33.3 | -14.0 | -5.7 | -11.5 | 30 |
| Life insurance companies; trade payables to insurers; liability | FA543170005 | 13.4 | 88.1 | 15.5 | 73.9 | 87.8 | 8.4 | 25.8 | 10.0 | 17.9 | 31 |
| Life insurance companies; life insurance reserves; liability | FA543140005 | 31.7 | 85.0 | 26.2 | 72.0 | 83.9 | -75.9 | 63.2 | 69.5 | 48.1 | 32 |
| Life insurance companies; pension entitlements, including reserve credit from reinsurers and excluding unallocated insurance contracts; liability (3) | FA543150005 | 8.8 | 91.4 | -30.5 | 81.7 | 176.6 | -132.4 | -104.5 | 83.9 | 31.1 | 33 |
| Life insurance companies, general accounts; total taxes payable; liability | FA543178075 | 0.4 | 0.9 | -0.6 | -14.3 | 3.0 | 4.9 | -10.1 | -0.3 | 3.2 | 34 |
| Life insurance companies, general accounts; foreign direct investment in U.S.: intercompany debt; liability (market value) | FA543192375 | 0.4 | 0.8 | -2.9 | -1.9 | 7.4 | -1.6 | -2.1 | 0.1 | -8.3 | 35 |
| Life insurance companies; total miscellaneous liabilities | FA543190005 | 81.7 | 132.4 | 36.0 | -31.7 | 102.8 | 44.3 | 82.5 | 73.1 | -56.0 | 36 |
| Life insurance companies; net transactions due to holding companies; liability | FA543194733 | 1.1 | -5.9 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 37 |
| Issuers of asset-backed securities; funding agreements backing securities; asset (4) | FA673090543 | 6.2 | 20.9 | 39.6 | 25.7 | 16.8 | 42.8 | 59.6 | 42.9 | 12.9 | 38 |
| Life insurance companies; insurance reserves, excluding life insurance reserves and pension entitlements; liability (5) | FA543195005 | 17.9 | 19.2 | 15.6 | 27.2 | 15.0 | 11.1 | 4.4 | 25.7 | 21.3 | 39 |
| Pension funds; unallocated insurance contracts; asset | FA593095005 | 17.5 | 7.5 | -4.0 | 9.0 | 12.9 | -15.2 | 12.5 | -13.4 | -0.1 | 40 |
| Life insurance companies; unidentified miscellaneous liabilities | FA543193005 | 39.0 | 90.7 | -15.2 | -93.6 | 58.0 | 5.6 | 6.0 | 17.9 | -90.1 | 41 |
| Life insurance companies; equity and investment fund shares excluding mutual fund shares, money market fund shares, and other equity; liability (IMA) | FA543181125 | -22.0 | -11.7 | -22.8 | -14.4 | -17.8 | -36.2 | -8.5 | -25.3 | -21.3 | 42 |
| Life insurance companies, general accounts; corporate equities; liability | FA543164173 | -17.0 | -15.2 | -25.3 | -8.2 | -31.8 | -23.4 | -20.5 | -29.7 | -27.6 | 43 |
| Life insurance companies, general accounts; foreign direct investment in U.S.: equity; liability (market value) | FA543192173 | -5.1 | 3.5 | 2.5 | -6.2 | 14.0 | -12.7 | 12.0 | 4.4 | 6.3 | 44 |
| Life insurance companies; sector discrepancy | FA547005005 | -1.4 | 10.1 | -67.5 | 9.8 | 147.9 | -142.2 | -75.8 | -15.7 | -36.3 | 45 |
| Life insurance companies, general accounts; securities lending; liability (6) | FA543200073 | 2.1 | 3.4 | 13.5 | -1.0 | 5.4 | 16.6 | 12.4 | 11.9 | 13.0 | 46 |
| Life insurance companies; direct reserve credit; liability | FA543176015 | 74.5 | 216.8 | 28.1 | 177.6 | 278.8 | -145.5 | 3.8 | 171.7 | 82.4 | 47 |
| Life insurance companies; reserve credit reinsured to U.S. reinsurers; liability | FA543176025 | 19.6 | 120.6 | 17.4 | 96.4 | 106.2 | -17.9 | 26.5 | 29.5 | 31.4 | 48 |
| Life insurance companies; reserve credit reinsured to non-U.S. reinsurers; asset | FA543076035 | 15.3 | 87.9 | 19.2 | 73.4 | 86.5 | -3.3 | 30.6 | 24.4 | 25.1 | 49 |
| Life insurance companies; reserve credit reinsured from non-U.S. reinsurers; liability | FA543176035 | 0.9 | -21.5 | 0.2 | -18.1 | -21.5 | 0.0 | 0.3 | 0.3 | 0.2 | 50 |
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 10, 2022