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 | 2020 | 2021 | 2022 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Life insurance companies; gross saving including foreign earnings retained abroad less net capital transfers paid (2) | FA546000105 | 22.0 | 13.0 | 13.7 | 12.5 | 11.1 | 14.1 | 13.1 | 13.5 | 14.2 | 1 |
| Life insurance companies; gross fixed investment, nonresidential structures, equipment, and intellectual property products | FA545013005 | 28.6 | 32.2 | 35.7 | 32.6 | 33.2 | 34.3 | 35.2 | 36.3 | 36.8 | 2 |
| Life insurance companies; total financial assets | FA544090005 | 391.1 | 196.4 | 334.1 | 304.0 | 271.2 | 259.7 | 322.0 | 408.6 | 346.4 | 3 |
| Life insurance companies; checkable deposits and currency; asset | FA543020005 | 33.0 | -8.3 | -10.5 | -23.4 | -32.1 | -30.3 | -17.8 | -2.9 | 9.0 | 4 |
| Life insurance companies; money market fund shares; asset | FA543034005 | 7.9 | -2.3 | 22.8 | -8.4 | -12.3 | -9.7 | 45.6 | 5.5 | 49.8 | 5 |
| Life insurance companies, general accounts; security repurchase agreements, including those held by U.S. captive reinsurers; asset | FA542051075 | 1.9 | 1.6 | -0.6 | 4.7 | 1.3 | -3.2 | -4.5 | 4.6 | 0.8 | 6 |
| Life insurance companies; debt securities; asset | FA544022005 | 184.9 | 171.2 | 246.8 | 295.0 | 237.6 | 285.0 | 117.1 | 266.3 | 319.0 | 7 |
| Life insurance companies; commercial paper; asset | FA543069105 | 5.2 | 7.0 | -0.5 | 16.2 | 13.7 | -11.1 | -15.0 | 11.5 | 12.7 | 8 |
| Life insurance companies; Treasury securities; asset | FA543061105 | 6.9 | -2.6 | 9.9 | 12.9 | -26.9 | -18.9 | -13.2 | 15.5 | 56.2 | 9 |
| Life insurance companies; agency- and GSE-backed securities; asset | FA543061705 | -20.2 | -42.3 | -1.6 | -30.5 | -38.6 | -16.9 | -21.9 | 6.1 | 26.4 | 10 |
| Life insurance companies; municipal securities; asset | FA543062005 | -2.9 | 1.0 | 6.2 | 3.9 | 2.2 | 3.3 | 1.5 | 3.0 | 17.2 | 11 |
| Life insurance companies; corporate and foreign bonds; asset | FA543063005 | 196.0 | 208.0 | 232.8 | 292.4 | 287.3 | 328.6 | 165.7 | 230.3 | 206.6 | 12 |
| Life insurance companies; loans; asset | FA544023005 | 27.4 | 50.1 | 51.8 | 66.0 | 68.9 | 66.6 | 63.8 | 39.0 | 37.7 | 13 |
| Life insurance companies; other loans and advances; asset | FA543069005 | 1.8 | 3.9 | 1.2 | 7.2 | 2.1 | -5.2 | -0.5 | 11.8 | -1.2 | 14 |
| Life insurance companies; total mortgages; asset | FA543065005 | 25.5 | 46.2 | 50.6 | 58.8 | 66.8 | 71.9 | 64.3 | 27.2 | 38.9 | 15 |
| Life insurance companies; corporate equities; asset | FA543064105 | 1.1 | -79.6 | 6.0 | -67.2 | -88.6 | -27.8 | 31.1 | -29.4 | 50.3 | 16 |
| Life insurance companies; mutual fund shares; asset | FA543064205 | -99.2 | -136.1 | -84.0 | -124.1 | -98.5 | -124.5 | -104.9 | -71.5 | -35.3 | 17 |
| Life insurance companies; trade receivables from insurers; liability | FA543070005 | 22.5 | 10.1 | 11.6 | 10.1 | 10.1 | 11.4 | 16.0 | 21.8 | -2.9 | 18 |
| Life insurance companies; life insurance reserve credit from reinsurers; asset | FA543040005 | 5.6 | 22.2 | 10.0 | 22.2 | 22.2 | 3.1 | 12.4 | 11.2 | 13.4 | 19 |
| Life insurance companies; pension entitlements reserve credit from reinsurers; asset | FA543050005 | 91.6 | 88.5 | 17.9 | 88.5 | 88.5 | 17.1 | 19.7 | 13.6 | 21.0 | 20 |
| Life insurance companies, general accounts; U.S. direct investment abroad (market value); asset | FA543092073 | -1.2 | -0.9 | -1.7 | 0.7 | -4.0 | 5.8 | -4.0 | -2.3 | -6.2 | 21 |
| Life insurance companies; total miscellaneous assets | FA543090005 | 115.7 | 80.1 | 64.0 | 39.9 | 78.0 | 66.3 | 147.5 | 152.7 | -110.3 | 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 | 2.5 | 1.3 | -1.2 | 0.2 | 1.3 | 2.2 | -2.2 | -2.4 | -2.4 | 24 |
| Life insurance companies, general accounts; deferred and unpaid life insurance premiums; asset | FA543077073 | 0.1 | 1.5 | -0.4 | -0.1 | 0.8 | 7.0 | -3.2 | 0.1 | -5.6 | 25 |
| Life insurance companies; accident and health reserve credit from reinsurers; asset | FA543095105 | 8.8 | 4.1 | 3.7 | 4.1 | 4.1 | 3.4 | 3.1 | 4.6 | 3.6 | 26 |
| Life insurance companies; unidentified miscellaneous assets | FA543093005 | 104.2 | 73.1 | 62.0 | 35.7 | 71.7 | 53.6 | 149.8 | 150.5 | -105.8 | 27 |
| Life insurance companies; total liabilities and equity | FA544194005 | 403.3 | 126.2 | 241.9 | 278.1 | 228.1 | 156.7 | 197.5 | 338.1 | 275.2 | 28 |
| Life insurance companies; total liabilities | FA544190005 | 415.2 | 149.7 | 285.6 | 312.9 | 257.1 | 195.6 | 255.4 | 369.2 | 322.3 | 29 |
| Life insurance companies, general accounts; security repurchase agreements; liability | FA542151073 | 1.1 | 1.5 | -1.0 | 8.3 | 1.0 | -6.5 | -9.3 | 9.5 | 2.3 | 30 |
| Life insurance companies, general accounts; FHLB advances; liability | FA543169373 | 15.3 | 6.8 | 21.7 | -5.7 | 13.7 | 44.7 | 29.0 | 12.3 | 0.7 | 31 |
| Life insurance companies; trade payables to insurers; liability | FA543170005 | 88.1 | 66.8 | 23.1 | 66.8 | 66.8 | 30.6 | 24.6 | 39.7 | -2.6 | 32 |
| Life insurance companies; life insurance reserves; liability | FA543140005 | 85.0 | 48.0 | 61.0 | 86.2 | 36.6 | 14.9 | 75.3 | 76.4 | 77.2 | 33 |
| Life insurance companies; pension entitlements, including reserve credit from reinsurers and excluding unallocated insurance contracts; liability (3) | FA543150005 | 62.4 | -45.4 | 41.9 | 93.6 | 1.7 | -30.7 | 45.9 | 81.6 | 71.1 | 34 |
| Life insurance companies, general accounts; total taxes payable; liability | FA543178075 | 1.1 | -0.5 | -2.5 | -0.3 | 2.9 | -3.6 | -4.0 | 0.3 | -2.7 | 35 |
| Life insurance companies, general accounts; foreign direct investment in U.S.: intercompany debt; liability (market value) | FA543192375 | 0.3 | -0.4 | -0.5 | -0.9 | 0.9 | 0.2 | -2.2 | 0.3 | -0.2 | 36 |
| Life insurance companies; total miscellaneous liabilities | FA543190005 | 161.9 | 72.8 | 141.9 | 64.7 | 133.4 | 146.0 | 96.1 | 149.1 | 176.4 | 37 |
| Life insurance companies; equity investment by parent holding company; liability | FA543194603 | -5.8 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 38 |
| Life insurance companies; other investment by holding company parent; liability | FA543194703 | -0.2 | 0.0 | 0.0 | 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 | 23.2 | 40.5 | 18.3 | 42.9 | 12.9 | 58.0 | 8.4 | -3.0 | 9.9 | 40 |
| Life insurance companies; insurance reserves, excluding life insurance reserves and pension entitlements; liability (5) | FA543195005 | 19.2 | 17.0 | 8.7 | 25.1 | 22.9 | 20.0 | -0.4 | 17.0 | -1.8 | 41 |
| Pension funds; unallocated insurance contracts; asset | FA593095005 | 34.4 | 22.0 | 7.0 | 18.6 | 30.2 | 3.7 | -2.1 | 5.7 | 20.4 | 42 |
| Life insurance companies; unidentified miscellaneous liabilities | FA543193005 | 91.0 | -6.7 | 108.0 | -21.9 | 67.3 | 64.2 | 90.2 | 129.5 | 148.0 | 43 |
| Life insurance companies; equity and investment fund shares excluding mutual fund shares, money market fund shares, and other equity; liability (IMA) | FA543181125 | -11.9 | -23.6 | -43.7 | -34.8 | -29.0 | -38.9 | -57.9 | -31.1 | -47.0 | 44 |
| Life insurance companies, general accounts; corporate equities; liability | FA543164173 | -15.2 | -24.5 | -30.9 | -29.7 | -24.4 | -35.4 | -30.2 | -32.7 | -25.3 | 45 |
| Life insurance companies, general accounts; foreign direct investment in U.S.: equity; liability (market value) | FA543192173 | 3.3 | 1.0 | -12.8 | -5.1 | -4.5 | -3.5 | -27.7 | 1.6 | -21.7 | 46 |
| Life insurance companies; sector discrepancy | FA547005005 | 5.5 | -89.4 | -114.2 | -46.0 | -65.1 | -123.2 | -146.5 | -93.3 | -93.7 | 47 |
| Life insurance companies, general accounts; securities lending; liability (6) | FA543200073 | 3.4 | 6.4 | -20.9 | 11.9 | -15.4 | 9.3 | -26.1 | -24.8 | -42.2 | 48 |
| Life insurance companies; direct reserve credit; liability | FA543176015 | 217.0 | 37.8 | 141.8 | 202.7 | 69.1 | 87.5 | 142.5 | 171.6 | 165.6 | 49 |
| Life insurance companies; reserve credit reinsured to U.S. reinsurers; liability | FA543176025 | 112.4 | 40.2 | 32.4 | 40.2 | 40.2 | 16.7 | 32.3 | 30.8 | 49.7 | 50 |
| Life insurance companies; reserve credit reinsured to non-U.S. reinsurers; asset | FA543076035 | 87.7 | 139.8 | 29.2 | 139.8 | 139.8 | 22.3 | 32.9 | 25.8 | 35.9 | 51 |
| Life insurance companies; reserve credit reinsured from non-U.S. reinsurers; liability | FA543176035 | -21.5 | -3.1 | 0.1 | -3.1 | -3.1 | 0.1 | 0.1 | 0.1 | 0.1 | 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: March 9, 2023