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 | 2018 | 2019 | 2020 | 2021 | 2021 Q1 | 2021 Q2 | 2021 Q3 | 2021 Q4 | 2022 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Life insurance companies; gross saving including foreign earnings retained abroad less net capital transfers paid (2) | FA546000105 | 19.1 | 50.7 | 19.5 | 15.9 | 13.5 | 16.1 | 16.4 | 17.7 | 15.7 | 1 |
| Life insurance companies; gross fixed investment, nonresidential structures, equipment, and intellectual property products | FA545013005 | 20.6 | 23.5 | 24.8 | 27.5 | 26.5 | 27.3 | 27.8 | 28.3 | 29.5 | 2 |
| Life insurance companies; total financial assets | FA544090005 | 128.0 | 144.1 | 388.8 | 190.6 | 92.4 | 98.7 | 299.5 | 272.0 | 252.6 | 3 |
| Life insurance companies; checkable deposits and currency; asset | FA543020005 | -0.4 | 4.0 | 33.0 | -8.3 | -37.6 | 59.7 | -23.4 | -32.1 | -30.3 | 4 |
| Life insurance companies; money market fund shares; asset | FA543034005 | 6.7 | 3.6 | 7.9 | -2.3 | -12.0 | 23.5 | -8.4 | -12.3 | -9.9 | 5 |
| Life insurance companies, general accounts; security repurchase agreements, including those held by U.S. captive reinsurers; asset | FA542051075 | 0.2 | 4.1 | 1.9 | 1.6 | -2.2 | 2.5 | 4.7 | 1.3 | -3.2 | 6 |
| Life insurance companies; debt securities; asset | FA544022005 | 90.3 | 122.0 | 185.1 | 170.9 | 110.0 | 42.1 | 295.1 | 236.6 | 285.5 | 7 |
| Life insurance companies; commercial paper; asset | FA543069105 | -4.9 | -4.4 | 5.2 | 7.0 | -7.8 | 5.8 | 16.2 | 13.7 | -11.1 | 8 |
| Life insurance companies; Treasury securities; asset | FA543061105 | -28.8 | -6.4 | 6.9 | -2.6 | -9.0 | 12.8 | 12.9 | -26.9 | -18.9 | 9 |
| Life insurance companies; agency- and GSE-backed securities; asset | FA543061705 | 1.6 | -1.3 | -20.2 | -42.3 | -59.4 | -40.5 | -30.5 | -38.6 | -16.9 | 10 |
| Life insurance companies; municipal securities; asset | FA543062005 | -2.5 | -1.0 | -2.9 | 1.0 | -1.5 | -0.4 | 3.9 | 2.2 | 3.3 | 11 |
| Life insurance companies; corporate and foreign bonds; asset | FA543063005 | 124.9 | 135.1 | 196.2 | 207.7 | 187.7 | 64.3 | 292.6 | 286.3 | 329.1 | 12 |
| Life insurance companies; loans; asset | FA544023005 | 60.3 | 50.1 | 27.2 | 50.3 | 15.5 | 50.1 | 65.8 | 69.8 | 66.1 | 13 |
| Life insurance companies; other loans and advances; asset | FA543069005 | -1.2 | -1.0 | 1.7 | 4.1 | 2.8 | 3.6 | 7.1 | 3.1 | -5.8 | 14 |
| Life insurance companies; total mortgages; asset | FA543065005 | 61.4 | 51.1 | 25.5 | 46.2 | 12.7 | 46.5 | 58.8 | 66.8 | 71.9 | 15 |
| Life insurance companies; corporate equities; asset | FA543064105 | -44.4 | 1.2 | 1.1 | -79.6 | -59.5 | -103.2 | -67.2 | -88.6 | -32.4 | 16 |
| Life insurance companies; mutual fund shares; asset | FA543064205 | -87.0 | -86.6 | -99.2 | -136.1 | -112.5 | -209.5 | -124.1 | -98.5 | -119.7 | 17 |
| Life insurance companies; trade receivables from insurers; liability | FA543070005 | -0.7 | 6.5 | 22.5 | 10.1 | 10.1 | 10.1 | 10.1 | 10.1 | 12.7 | 18 |
| Life insurance companies; life insurance reserve credit from reinsurers; asset | FA543040005 | -36.2 | 6.7 | 5.6 | 22.2 | 22.2 | 22.2 | 22.2 | 22.2 | 3.1 | 19 |
| Life insurance companies; pension entitlements reserve credit from reinsurers; asset | FA543050005 | 100.1 | 7.7 | 91.6 | 88.5 | 88.5 | 88.5 | 88.5 | 88.5 | 17.1 | 20 |
| Life insurance companies, general accounts; U.S. direct investment abroad (market value); asset | FA543092073 | -11.6 | -2.4 | -1.5 | -0.5 | -0.6 | -2.4 | 2.4 | -1.3 | -3.3 | 21 |
| Life insurance companies; total miscellaneous assets | FA543090005 | 50.7 | 27.1 | 113.6 | 73.9 | 70.4 | 115.1 | 33.8 | 76.1 | 66.9 | 22 |
| Life insurance companies; balances due from holding company parent; asset | FA543094703 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 23 |
| Life insurance companies, general accounts; equity in FHLB; asset | FA543092473 | 0.5 | 0.6 | 2.5 | 0.9 | 3.1 | 0.6 | 0.2 | -0.5 | 5.3 | 24 |
| Life insurance companies, general accounts; deferred and unpaid life insurance premiums; asset | FA543077073 | 1.9 | 1.5 | 0.1 | 1.5 | 8.5 | -3.3 | -0.1 | 0.8 | 7.0 | 25 |
| Life insurance companies; accident and health reserve credit from reinsurers; asset | FA543095105 | 4.5 | 3.3 | 8.8 | 4.1 | 4.1 | 4.1 | 4.1 | 4.1 | 3.4 | 26 |
| Life insurance companies; unidentified miscellaneous assets | FA543093005 | 43.8 | 21.8 | 102.2 | 67.4 | 54.7 | 113.7 | 29.5 | 71.6 | 51.2 | 27 |
| Life insurance companies; total liabilities and equity | FA544194005 | 99.6 | 115.4 | 403.5 | 127.7 | -39.2 | 24.8 | 288.0 | 237.3 | 167.8 | 28 |
| Life insurance companies; total liabilities | FA544190005 | 101.7 | 137.5 | 415.1 | 150.0 | -3.0 | 33.3 | 312.6 | 257.2 | 192.4 | 29 |
| Life insurance companies, general accounts; security repurchase agreements; liability | FA542151073 | 2.7 | -6.5 | 1.1 | 1.5 | -7.0 | 3.7 | 8.3 | 1.0 | -6.5 | 30 |
| Life insurance companies, general accounts; FHLB advances; liability | FA543169373 | 6.4 | 7.5 | 15.3 | 6.8 | 33.3 | -14.0 | -5.7 | 13.7 | 44.7 | 31 |
| Life insurance companies; trade payables to insurers; liability | FA543170005 | 15.2 | 13.4 | 88.1 | 66.8 | 66.8 | 66.8 | 66.8 | 66.8 | 15.9 | 32 |
| Life insurance companies; life insurance reserves; liability | FA543140005 | 43.3 | 31.7 | 85.0 | 48.0 | 4.1 | 65.3 | 86.2 | 36.6 | 14.9 | 33 |
| Life insurance companies; pension entitlements, including reserve credit from reinsurers and excluding unallocated insurance contracts; liability (3) | FA543150005 | 44.2 | 28.6 | 96.5 | -27.9 | -109.5 | -132.2 | 110.9 | 19.2 | -11.9 | 34 |
| Life insurance companies, general accounts; total taxes payable; liability | FA543178075 | -2.9 | 0.4 | 0.9 | -0.6 | 4.9 | -10.1 | -0.3 | 2.9 | -3.6 | 35 |
| Life insurance companies, general accounts; foreign direct investment in U.S.: intercompany debt; liability (market value) | FA543192375 | -4.2 | 0.4 | 0.8 | -0.9 | -1.6 | -2.1 | 0.0 | -0.1 | -0.8 | 36 |
| Life insurance companies; total miscellaneous liabilities | FA543190005 | -2.9 | 61.9 | 127.4 | 56.3 | 5.9 | 55.8 | 46.3 | 117.1 | 139.7 | 37 |
| Life insurance companies; equity investment by parent holding company; liability | FA543194603 | -11.0 | 1.1 | -5.8 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 38 |
| Life insurance companies; other investment by holding company parent; liability | FA543194703 | 0.0 | 0.0 | -0.2 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 39 |
| Issuers of asset-backed securities; funding agreements backing securities; asset (4) | FA673090543 | 3.1 | 6.2 | 20.9 | 39.6 | 42.8 | 59.6 | 42.9 | 12.9 | 56.4 | 40 |
| Life insurance companies; insurance reserves, excluding life insurance reserves and pension entitlements; liability (5) | FA543195005 | 26.3 | 17.9 | 19.2 | 17.0 | 13.9 | 6.1 | 25.1 | 22.9 | 20.0 | 41 |
| Pension funds; unallocated insurance contracts; asset | FA593095005 | -4.6 | -2.3 | 2.6 | 5.4 | -9.7 | 17.0 | 1.3 | 12.8 | -13.4 | 42 |
| Life insurance companies; unidentified miscellaneous liabilities | FA543193005 | -16.8 | 39.0 | 90.6 | -5.7 | -41.2 | -26.9 | -23.0 | 68.4 | 76.6 | 43 |
| Life insurance companies; equity and investment fund shares excluding mutual fund shares, money market fund shares, and other equity; liability (IMA) | FA543181125 | -2.1 | -22.0 | -11.6 | -22.3 | -36.2 | -8.5 | -24.6 | -19.9 | -24.6 | 44 |
| Life insurance companies, general accounts; corporate equities; liability | FA543164173 | -11.8 | -17.0 | -15.2 | -24.5 | -23.4 | -20.5 | -29.7 | -24.4 | -34.2 | 45 |
| Life insurance companies, general accounts; foreign direct investment in U.S.: equity; liability (market value) | FA543192173 | 9.7 | -5.1 | 3.5 | 2.2 | -12.7 | 12.0 | 5.1 | 4.6 | 9.6 | 46 |
| Life insurance companies; sector discrepancy | FA547005005 | -29.8 | -1.4 | 9.4 | -74.4 | -144.6 | -85.0 | -22.8 | -45.2 | -98.6 | 47 |
| Life insurance companies, general accounts; securities lending; liability (6) | FA543200073 | -6.4 | 2.1 | 3.4 | 6.4 | 16.6 | 12.4 | 11.9 | -15.4 | 9.3 | 48 |
| Life insurance companies; direct reserve credit; liability | FA543176015 | 69.9 | 74.5 | 217.0 | 37.8 | -81.6 | -39.2 | 202.7 | 69.1 | 88.8 | 49 |
| Life insurance companies; reserve credit reinsured to U.S. reinsurers; liability | FA543176025 | 68.8 | 19.6 | 112.4 | 40.2 | 40.2 | 40.2 | 40.2 | 40.2 | 16.7 | 50 |
| Life insurance companies; reserve credit reinsured to non-U.S. reinsurers; asset | FA543076035 | 81.2 | 15.3 | 87.7 | 139.8 | 139.9 | 139.9 | 139.8 | 139.8 | 22.3 | 51 |
| Life insurance companies; reserve credit reinsured from non-U.S. reinsurers; liability | FA543176035 | 0.3 | 0.9 | -21.5 | -3.1 | -3.1 | -3.1 | -3.1 | -3.1 | -1.2 | 52 |
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: June 9, 2022