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 | 2021 | 2022 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Life insurance companies; gross saving including foreign earnings retained abroad less net capital transfers paid (2) | FA546000105 | -3.7 | 16 | 6.8 | 22 | 18.4 | 16.8 | 17.1 | 17.6 | 18 | 1 |
| Life insurance companies; gross fixed investment, nonresidential structures, equipment, and intellectual property products | FA545013005 | 33.9 | 38.1 | 36.8 | 37.8 | 38.8 | 39.2 | 40.1 | 40.5 | 40.8 | 2 |
| Life insurance companies; total financial assets | FA544090005 | 196 | 316.9 | 345.9 | 340.4 | 457 | 124.2 | 313.6 | 345.3 | 207.9 | 3 |
| Life insurance companies; checkable deposits and currency; asset | FA543020005 | -8.3 | -3.8 | -32.8 | 14.1 | 4.7 | -1.4 | 13.3 | 63 | -40.8 | 4 |
| Life insurance companies; money market fund shares; asset | FA543034005 | -2.3 | 10.1 | 3.8 | 22.5 | 7.4 | 6.9 | 10.4 | 32.9 | -16.6 | 5 |
| Life insurance companies, general accounts; security repurchase agreements, including those held by U.S. captive reinsurers; asset | FA542051075 | 1.6 | -5.2 | -7.5 | -7.3 | -1.4 | -4.8 | 5.1 | 3 | 1.8 | 6 |
| Life insurance companies; debt securities; asset | FA544022005 | 171.2 | 177.7 | 216 | 136.6 | 229.6 | 128.6 | 229.6 | 123 | 114.2 | 7 |
| Life insurance companies; commercial paper; asset | FA543069105 | 7 | -15.8 | -24 | -26.7 | -2.1 | -10.5 | 0.6 | 3.4 | 6.7 | 8 |
| Life insurance companies; Treasury securities; asset | FA543061105 | -2.6 | -5.5 | -17.2 | -13.8 | 17.7 | -8.9 | 0.5 | 22.3 | 6 | 9 |
| Life insurance companies; agency- and GSE-backed securities; asset | FA543061705 | -42.3 | -16.3 | -14.5 | -27 | 7 | -30.6 | 3.2 | 19.1 | 11.5 | 10 |
| Life insurance companies; municipal securities; asset | FA543062005 | 1 | 4.4 | 4.7 | 10.4 | 5.3 | -3 | -3.1 | -10 | -3.7 | 11 |
| Life insurance companies; corporate and foreign bonds; asset | FA543063005 | 208 | 210.9 | 266.9 | 193.7 | 201.6 | 181.6 | 228.4 | 88.2 | 93.6 | 12 |
| Life insurance companies; loans; asset | FA544023005 | 50.1 | 67.2 | 83.6 | 80.1 | 56.5 | 48.5 | 53.7 | 58.6 | 47.4 | 13 |
| Life insurance companies; other loans and advances; asset | FA543069005 | 3.9 | 1 | -5.2 | -0.5 | 11.8 | -2.2 | 4.8 | -1 | 4.4 | 14 |
| Life insurance companies; total mortgages; asset | FA543065005 | 46.2 | 66.2 | 88.8 | 80.6 | 44.6 | 50.7 | 48.9 | 59.6 | 42.9 | 15 |
| Life insurance companies, general accounts; U.S. direct investment abroad: intercompany debt (market value) | FA543092375 | -0.7 | -0.2 | -0.8 | 0.7 | -1.1 | 0.5 | 0.4 | -0.3 | 0.1 | 16 |
| Life insurance companies; corporate equities; asset | FA543064105 | -78.2 | -2.2 | 16 | 25.1 | -16.7 | -33.1 | -19.9 | -13.7 | -54.6 | 17 |
| Life insurance companies, general accounts; U.S. direct investment abroad: equity (market value) | FA543092173 | 0 | 1.9 | 3.9 | -4.5 | 4.3 | 3.7 | 24 | 2.6 | 20.4 | 18 |
| Life insurance companies, general accounts; equity in FHLB; asset | FA543092473 | 1.3 | -1 | 2.2 | -2.2 | -2.4 | -1.7 | -1.1 | 2.4 | 1.4 | 19 |
| Life insurance companies; mutual fund shares; asset | FA543064205 | -137.6 | -87.8 | -124.9 | -105.2 | -72.7 | -48.6 | -128.4 | -111.8 | -112.5 | 20 |
| Life insurance companies; life insurance reserve credit from reinsurers; asset | FA543040005 | 22.2 | -5.6 | -5.6 | -5.6 | -5.6 | -5.6 | 13.5 | 8.2 | 4.5 | 21 |
| Life insurance companies; pension entitlements reserve credit from reinsurers; asset | FA543050005 | 88.5 | 104.5 | 104.5 | 104.5 | 104.5 | 104.5 | 47.6 | 19 | 97.5 | 22 |
| Life insurance companies; trade receivables from insurers; liability | FA543070005 | 10.1 | -3.9 | -3.9 | -4 | -3.9 | -3.9 | 3.7 | 12.7 | 35.3 | 23 |
| Life insurance companies; total miscellaneous assets | FA543090005 | 78.1 | 65.4 | 91.4 | 85.6 | 153.9 | -69.4 | 61.7 | 145.8 | 109.7 | 24 |
| Life insurance companies; balances due from holding company parent; asset | FA543094703 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25 |
| Life insurance companies, general accounts; deferred and unpaid life insurance premiums; asset | FA543077073 | 1.5 | -1.5 | 7 | -3.2 | 0.1 | -9.8 | 4.1 | 0.1 | 2.8 | 26 |
| Life insurance companies; accident and health reserve credit from reinsurers; asset | FA543095105 | 4.1 | -4.9 | -4.9 | -4.9 | -4.9 | -4.9 | 2.9 | 2.3 | 1.6 | 27 |
| Life insurance companies; unidentified miscellaneous assets | FA543093005 | 72.5 | 71.7 | 89.2 | 93.7 | 158.7 | -54.8 | 54.7 | 143.3 | 105.4 | 28 |
| Life insurance companies; total liabilities and equity | FA544194005 | 125.6 | 215.2 | 234.6 | 215.4 | 398.3 | 12.4 | 357.8 | 317 | 166.4 | 29 |
| Life insurance companies; total liabilities | FA544190005 | 149.5 | 239.3 | 263 | 256.3 | 421 | 16.8 | 371.9 | 333 | 183.4 | 30 |
| Life insurance companies, general accounts; security repurchase agreements; liability | FA542151073 | 1.5 | 15.4 | 11.3 | 5.8 | 30.1 | 14.5 | -6.9 | 17.3 | 10.4 | 31 |
| Life insurance companies, general accounts; FHLB advances; liability | FA543169373 | 6.8 | 21.7 | 44.7 | 29 | 12.3 | 0.7 | 26.4 | -13.9 | 11 | 32 |
| Life insurance companies, general accounts; foreign direct investment in U.S.: intercompany debt; liability (market value) | FA543192375 | -0.8 | -4.7 | -4.7 | -6.9 | -3.6 | -3.8 | -0.1 | 0.8 | 4.5 | 33 |
| Life insurance companies; life insurance reserves; liability | FA543140005 | 48 | 72.1 | 76.9 | 84.5 | 81.9 | 45.1 | 82.7 | 69.2 | 14.6 | 34 |
| Life insurance companies; pension entitlements, including reserve credit from reinsurers and excluding unallocated insurance contracts; liability (3) | FA543150005 | -31.1 | 109.9 | 60.5 | 97.6 | 188.5 | 92.8 | 129.6 | 169.1 | 8.5 | 35 |
| Life insurance companies; trade payables to insurers; liability | FA543170005 | 66.8 | 16.3 | 16.3 | 16.3 | 16.3 | 16.4 | 16.6 | 25.5 | 43.7 | 36 |
| Life insurance companies, general accounts; total taxes payable; liability | FA543178075 | -0.5 | -1.1 | -3.6 | -4 | 0.3 | 2.9 | 1.9 | -3.2 | 3.5 | 37 |
| Life insurance companies; total miscellaneous liabilities | FA543190005 | 58.7 | 9.8 | 61.6 | 33.9 | 95.1 | -151.6 | 121.7 | 68.2 | 87.2 | 38 |
| Life insurance companies; other investment by holding company parent; liability | FA543194703 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 39 |
| Issuers of asset-backed securities; funding agreements backing securities; asset (4) | FA673090543 | 40.5 | 18.3 | 58 | 8.4 | -3 | 9.9 | 8.3 | 10.1 | 15.9 | 40 |
| Life insurance companies; insurance reserves, excluding life insurance reserves and pension entitlements; liability (5) | FA543195005 | 17 | 2.7 | 7.6 | -9.3 | 6.8 | 5.8 | 26 | 8.5 | 6.9 | 41 |
| Pension funds; unallocated insurance contracts; asset | FA593095005 | 7.7 | 9.3 | 2.7 | -0.7 | 7.1 | 27.8 | 22 | 9.4 | 6.4 | 42 |
| Life insurance companies; unidentified miscellaneous liabilities | FA543193005 | -6.4 | -20.5 | -6.7 | 35.4 | 84.2 | -195.1 | 65.4 | 40.3 | 57.9 | 43 |
| Life insurance companies; equity and investment fund shares excluding mutual fund shares and money market fund shares; liability (IMA) | FA543181105 | -23.9 | -24.1 | -28.4 | -40.9 | -22.7 | -4.4 | -14.1 | -16 | -17 | 44 |
| Life insurance companies, general accounts; corporate equities; liability | FA543164173 | -24.6 | -30.5 | -35.4 | -30.2 | -32.7 | -23.6 | -23.2 | -27.2 | -22.7 | 45 |
| Life insurance companies, general accounts; foreign direct investment in U.S.: equity; liability (market value) | FA543192173 | 0.7 | 6.4 | 7 | -10.7 | 10 | 19.2 | 9.2 | 11.2 | 5.7 | 46 |
| Life insurance companies; equity investment by parent holding company; liability | FA543194603 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 47 |
| Life insurance companies; sector discrepancy | FA547005005 | -108 | -123.8 | -141.2 | -140.8 | -79 | -134.2 | 21.2 | -51.1 | -64.4 | 48 |
| Life insurance companies, general accounts; securities lending; liability (6) | FA543200073 | 6.4 | -12.8 | 9.3 | -26.1 | -24.8 | -9.5 | 7.1 | -8.5 | -4.1 | 49 |
| Life insurance companies; direct reserve credit; liability | FA543176015 | 37.8 | 218.2 | 227.8 | 200.5 | 276.3 | 168.3 | 249.4 | 239 | 5.3 | 50 |
| Life insurance companies; reserve credit reinsured to U.S. reinsurers; liability | FA543176025 | 40.2 | 75 | 75 | 75 | 74.9 | 75 | 47.4 | 31.1 | 55.9 | 51 |
| Life insurance companies; reserve credit reinsured to non-U.S. reinsurers; asset | FA543076035 | 139.8 | 120.6 | 120.6 | 120.6 | 120.6 | 120.6 | 62.9 | 28.9 | 53.4 | 52 |
| Life insurance companies; reserve credit reinsured from non-U.S. reinsurers; liability | FA543176035 | -3.1 | 8.5 | 8.5 | 8.5 | 8.5 | 8.5 | 1 | 0.4 | 0.2 | 53 |
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: December 7, 2023