Financial Accounts of the United States - Z.1
L.116 Life Insurance Companies (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted| Description | Series code | 2020 | 2021 | 2022 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Life insurance companies; total financial assets | FL544090005 | 9420.3 | 9862.8 | 8851.2 | 9409.5 | 8853.8 | 8616.8 | 8851.2 | 9139.8 | 9268.6 | 1 |
| Life insurance companies; checkable deposits and currency; asset | FL543020005 | 127.7 | 119.3 | 115.5 | 111.1 | 114.7 | 115.8 | 115.5 | 118.8 | 128.7 | 2 |
| Life insurance companies; money market fund shares; asset | FL543034005 | 66.5 | 64.2 | 74.3 | 65.1 | 70.7 | 72.6 | 74.3 | 76.9 | 80.6 | 3 |
| Life insurance companies, general accounts; security repurchase agreements, including those held by U.S. captive reinsurers; asset | FL542051075 | 8.2 | 9.8 | 4.5 | 7.9 | 6.1 | 5.7 | 4.5 | 5.8 | 6.5 | 4 |
| Life insurance companies; debt securities; asset | LM544022005 | 4431.1 | 4452.1 | 3796.4 | 4138.7 | 3870.6 | 3689 | 3796.4 | 3954.4 | 3944.8 | 5 |
| Life insurance companies; commercial paper; asset | FL543069105 | 34 | 41 | 25.1 | 35.8 | 30.1 | 29 | 25.1 | 26.2 | 28.4 | 6 |
| Life insurance companies; Treasury securities; asset | LM543061105 | 240.7 | 231.4 | 178.4 | 209.6 | 193.4 | 183.9 | 178.4 | 182.9 | 185.4 | 7 |
| Life insurance companies; agency- and GSE-backed securities; asset | LM543061705 | 366.4 | 312.3 | 258.8 | 292.2 | 276.6 | 266.8 | 258.8 | 264 | 265.9 | 8 |
| Life insurance companies; municipal securities; asset | LM543062005 | 234.2 | 234.9 | 192.2 | 215.2 | 204.1 | 191.4 | 192.2 | 195.2 | 191.1 | 9 |
| Life insurance companies; corporate and foreign bonds; asset | LM543063005 | 3555.8 | 3632.5 | 3141.8 | 3386 | 3166.3 | 3017.8 | 3141.8 | 3286.1 | 3274 | 10 |
| Life insurance companies; loans; asset | FL544023005 | 808.2 | 858.3 | 925.5 | 878.4 | 897.2 | 912.2 | 925.5 | 938.3 | 951.4 | 11 |
| Life insurance companies; other loans and advances; asset | FL543069005 | 163.5 | 167.4 | 168.4 | 166.1 | 166 | 168.9 | 168.4 | 169.6 | 169.3 | 12 |
| Life insurance companies; total mortgages; asset | FL543065005 | 644.7 | 690.9 | 757.1 | 712.3 | 731.2 | 743.3 | 757.1 | 768.7 | 782 | 13 |
| Life insurance companies, general accounts; U.S. direct investment abroad: intercompany debt (market value) | LM543092375 | 0.5 | -0.3 | -0.2 | -0.6 | -0.3 | -0.3 | -0.2 | -0.3 | -0.1 | 14 |
| Life insurance companies; corporate equities; asset | LM543064105 | 730.6 | 763.4 | 621.7 | 726.4 | 634.9 | 593.3 | 621.7 | 649 | 660.5 | 15 |
| Life insurance companies, general accounts; U.S. direct investment abroad: equity (market value) | LM543092173 | 93.9 | 86.7 | 25.1 | 68.3 | 44.7 | 31.3 | 25.1 | 34.4 | 41.3 | 16 |
| Life insurance companies, general accounts; equity in FHLB; asset | FL543092473 | 7.8 | 9.1 | 8.1 | 9.6 | 9.1 | 8.5 | 8.1 | 7.8 | 6.8 | 17 |
| Life insurance companies; mutual fund shares; asset | LM543064205 | 1701.3 | 1842.9 | 1422.3 | 1695.5 | 1445.5 | 1355.8 | 1422.3 | 1470.8 | 1515.5 | 18 |
| Life insurance companies; life insurance reserve credit from reinsurers; asset | FL543040005 | 262.7 | 284.9 | 279.3 | 283.5 | 282.1 | 280.7 | 279.3 | 282.7 | 284.7 | 19 |
| Life insurance companies; pension entitlements reserve credit from reinsurers; asset | FL543050005 | 291.3 | 380 | 484.2 | 406 | 432 | 458 | 484.2 | 496.2 | 501 | 20 |
| Life insurance companies; trade receivables from insurers; liability | FL543070005 | 130.4 | 140.5 | 136.6 | 139.5 | 138.6 | 137.6 | 136.6 | 137.4 | 141.8 | 21 |
| Life insurance companies; total miscellaneous assets | FL543090005 | 760.2 | 851.9 | 958 | 880 | 908 | 956.4 | 958 | 967.6 | 1005.1 | 22 |
| Life insurance companies; balances due from holding company parent; asset | FL543094703 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23 |
| Life insurance companies, general accounts; deferred and unpaid life insurance premiums; asset | FL543077073 | 36.6 | 38.1 | 36.6 | 39.8 | 39 | 39.1 | 36.6 | 37.6 | 37.7 | 24 |
| Life insurance companies; accident and health reserve credit from reinsurers; asset | FL543095105 | 86.4 | 90.6 | 85.7 | 89.3 | 88.1 | 86.9 | 85.7 | 86.4 | 87 | 25 |
| Life insurance companies; unidentified miscellaneous assets | FL543093005 | 637.1 | 723.3 | 835.7 | 750.9 | 780.8 | 830.5 | 835.7 | 843.5 | 880.5 | 26 |
| Life insurance companies; total liabilities | FL544190005 | 8383.1 | 8888.4 | 8582.8 | 8757.2 | 8478.7 | 8457.2 | 8582.8 | 8800.2 | 8964.6 | 27 |
| Life insurance companies, general accounts; security repurchase agreements; liability | FL542151073 | 18.6 | 20.1 | 35.5 | 22.9 | 24.4 | 31.9 | 35.5 | 33.8 | 38.1 | 28 |
| Life insurance companies, general accounts; FHLB advances; liability | FL543169373 | 103.9 | 110.8 | 132.4 | 121.9 | 129.2 | 132.2 | 132.4 | 139 | 135.5 | 29 |
| Life insurance companies, general accounts; foreign direct investment in U.S.: intercompany debt; liability (market value) | LM543192375 | 12.6 | 11.4 | 6.6 | 10.1 | 8.4 | 7.5 | 6.6 | 6.4 | 6.8 | 30 |
| Life insurance companies; life insurance reserves; liability | FL543140005 | 2248.9 | 2344 | 2345.1 | 2337.7 | 2313.9 | 2317.6 | 2345.1 | 2382.6 | 2411 | 31 |
| Life insurance companies; pension entitlements, including reserve credit from reinsurers and excluding unallocated insurance contracts; liability (2) | FL543150005 | 3808.9 | 4038.4 | 3752.5 | 3909.7 | 3688.7 | 3646.5 | 3752.5 | 3871.3 | 3966.9 | 32 |
| Life insurance companies; trade payables to insurers; liability | FL543170005 | 288.1 | 355 | 371.2 | 359.1 | 363 | 367.1 | 371.2 | 375.1 | 383 | 33 |
| Life insurance companies, general accounts; total taxes payable; liability | FL543178075 | 7.5 | 7 | 5.9 | 6.1 | 5.1 | 5.2 | 5.9 | 6.4 | 5.6 | 34 |
| Life insurance companies; total miscellaneous liabilities | FL543190005 | 1894.6 | 2001.7 | 1933.6 | 1989.6 | 1946 | 1949.2 | 1933.6 | 1985.6 | 2017.6 | 35 |
| Life insurance companies; other investment by holding company parent; liability | FL543194703 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 36 |
| Issuers of asset-backed securities; funding agreements backing securities; asset (3) | FL673090543 | 114.9 | 155.4 | 173.7 | 169.9 | 172 | 171.3 | 173.7 | 175.8 | 178.3 | 37 |
| Life insurance companies; insurance reserves, excluding life insurance reserves and pension entitlements; liability (4) | FL543195005 | 445.8 | 462.8 | 465.5 | 464.7 | 462.4 | 464.1 | 465.5 | 472 | 474.2 | 38 |
| Pension funds; unallocated insurance contracts; asset | FL593095005 | 874.7 | 914.6 | 875.9 | 897.9 | 866.3 | 856.9 | 875.9 | 891.6 | 903.7 | 39 |
| Life insurance companies; unidentified miscellaneous liabilities | FL543193005 | 459.1 | 468.8 | 418.4 | 457.1 | 445.3 | 456.9 | 418.4 | 446.2 | 461.4 | 40 |
| Life insurance companies, general accounts; foreign direct investment in U.S.: equity; liability (market value) | LM543192173 | 258.9 | 309.5 | 134.9 | 259.3 | 179.4 | 144.9 | 134.9 | 146.3 | 164.2 | 41 |
| Life insurance companies; equity investment by parent holding company; liability | FL543194603 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 42 |
| Life insurance companies, general accounts; securities lending; liability (5) | FL543200073 | 48.1 | 54.5 | 41.7 | 56.8 | 50.3 | 44.1 | 41.7 | 43.5 | 41.4 | 43 |
| Life insurance companies; direct reserve credit; liability | FL543176015 | 7099.6 | 7477.2 | 7180.9 | 7347.4 | 7075.9 | 7027.7 | 7180.9 | 7356.7 | 7490.5 | 44 |
| Life insurance companies; reserve credit reinsured to U.S. reinsurers; liability | FL543176025 | 860.9 | 917.1 | 968 | 927.3 | 930.6 | 943.4 | 968 | 986.1 | 998 | 45 |
| Life insurance companies; reserve credit reinsured to non-U.S. reinsurers; asset | FL543076035 | 549.1 | 689.8 | 808.9 | 719.5 | 748.4 | 777.9 | 808.9 | 825.9 | 833.9 | 46 |
| Life insurance companies; reserve credit reinsured from non-U.S. reinsurers; liability | FL543176035 | 5.4 | 2.3 | 10.8 | 4.4 | 6.6 | 8.7 | 10.8 | 11 | 11.2 | 47 |
NOTES
- Additional detail on the financial assets and liabilities held in life insurer's general and separate accounts is available on tables L.116.g and L.116.s.
- Annuity reserves held by life insurance companies, excluding unallocated contracts held by pension funds, which are shown on line 37.
- 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 38.
Last Update: September 11, 2023