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 | 2023 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Life insurance companies; gross saving including foreign earnings retained abroad less net capital transfers paid (2) | FA546000105 | -3.7 | 16 | 17.7 | 18.4 | 16.8 | 17.1 | 17.6 | 17.9 | 18.3 | 1 |
| Life insurance companies; gross fixed investment, nonresidential structures, equipment, and intellectual property products | FA545013005 | 33.9 | 38.1 | 40.7 | 38.8 | 39.2 | 40.1 | 40.5 | 40.8 | 41.4 | 2 |
| Life insurance companies; total financial assets | FA544090005 | 203.6 | 339.4 | 238.8 | 486.9 | 118 | 305.1 | 350.1 | 137.4 | 162.7 | 3 |
| Life insurance companies; checkable deposits and currency; asset | FA543020005 | -8.5 | -3.9 | 9.7 | 5 | -1.7 | 13.3 | 64.8 | -41.8 | 2.7 | 4 |
| Life insurance companies; money market fund shares; asset | FA543034005 | -2.3 | 10.3 | 7.5 | 7.7 | 7 | 10.7 | 33.8 | -17 | 2.5 | 5 |
| Life insurance companies, general accounts; security repurchase agreements, including those held by U.S. captive reinsurers; asset | FA542051075 | 1.6 | -5.4 | 3.3 | -1.4 | -5 | 5.2 | 3.1 | 1.9 | 3.2 | 6 |
| Life insurance companies; debt securities; asset | FA544022005 | 176.7 | 191.9 | 142.4 | 247 | 124.3 | 226.7 | 123.9 | 125.2 | 93.7 | 7 |
| Life insurance companies; commercial paper; asset | FA543069105 | 7.1 | -16.1 | 4.2 | -2 | -10.8 | 0.7 | 3.6 | 6.9 | 5.8 | 8 |
| Life insurance companies; Treasury securities; asset | FA543061105 | -2.6 | -5.2 | 6.7 | 18.7 | -9.3 | 0 | 22.7 | 6.4 | -2.3 | 9 |
| Life insurance companies; agency- and GSE-backed securities; asset | FA543061705 | -43.1 | -16.3 | 11.9 | 7.7 | -31.8 | 2.6 | 19.3 | 12.2 | 13.5 | 10 |
| Life insurance companies; municipal securities; asset | FA543062005 | 1.1 | 5 | -5 | 6.1 | -3.5 | -3.7 | -10.4 | -3.4 | -2.7 | 11 |
| Life insurance companies; corporate and foreign bonds; asset | FA543063005 | 214.2 | 224.4 | 124.5 | 216.5 | 179.7 | 227.2 | 88.7 | 103.1 | 79.2 | 12 |
| Life insurance companies; loans; asset | FA544023005 | 51.6 | 71.3 | 50 | 61.1 | 48.1 | 52.8 | 59.8 | 51.4 | 36.1 | 13 |
| Life insurance companies; other loans and advances; asset | FA543069005 | 4.1 | 1.5 | 0.2 | 12.8 | -2.7 | 4.5 | -1 | 5 | -7.6 | 14 |
| Life insurance companies; total mortgages; asset | FA543065005 | 47.6 | 69.9 | 49.8 | 48.3 | 50.8 | 48.3 | 60.8 | 46.4 | 43.8 | 15 |
| Life insurance companies, general accounts; U.S. direct investment abroad: intercompany debt (market value) | FA543092375 | -0.7 | -0.2 | -0.2 | -1.1 | 0.5 | 0.4 | -0.4 | -0 | -0.6 | 16 |
| Life insurance companies; corporate equities; asset | FA543064105 | -78.4 | -3.3 | -28.9 | -17.1 | -33.4 | -22.1 | -15.1 | -56.7 | -21.8 | 17 |
| Life insurance companies, general accounts; U.S. direct investment abroad: equity (market value) | FA543092173 | 0 | 1.9 | 14.2 | 4.3 | 3.7 | 24 | 3.3 | 19.8 | 9.8 | 18 |
| Life insurance companies, general accounts; equity in FHLB; asset | FA543092473 | 1.3 | -1 | 5.6 | -2.4 | -1.7 | -1.1 | 2.4 | 1.4 | 19.5 | 19 |
| Life insurance companies; mutual fund shares; asset | FA543064205 | -138.9 | -88.3 | -107.1 | -73.4 | -48.9 | -129.1 | -112.6 | -112.9 | -73.7 | 20 |
| Life insurance companies; life insurance reserve credit from reinsurers; asset | FA543040005 | 22.2 | -5.6 | 6.1 | -5.6 | -5.6 | 13.2 | 7.8 | 4.4 | -1 | 21 |
| Life insurance companies; pension entitlements reserve credit from reinsurers; asset | FA543050005 | 88.5 | 104.5 | 20.3 | 104.5 | 104.5 | 47.5 | 18.8 | 9.3 | 5.6 | 22 |
| Life insurance companies; trade receivables from insurers; liability | FA543070005 | 10.1 | -3.9 | 10 | -3.9 | -3.9 | 3.3 | 12.9 | 12.6 | 11.2 | 23 |
| Life insurance companies; total miscellaneous assets | FA543090005 | 80.1 | 71 | 105.9 | 162.5 | -69.8 | 60.4 | 147.8 | 139.8 | 75.6 | 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 | 2.5 | 0.1 | -9.8 | 4.1 | 0.1 | 2.8 | 3.3 | 26 |
| Life insurance companies; accident and health reserve credit from reinsurers; asset | FA543095105 | 4.1 | -4.9 | -0.2 | -4.9 | -4.9 | 2.8 | 2.3 | 1.5 | -7.5 | 27 |
| Life insurance companies; unidentified miscellaneous assets | FA543093005 | 74.5 | 77.4 | 103.6 | 167.3 | -55.2 | 53.5 | 145.5 | 135.5 | 79.9 | 28 |
| Life insurance companies; total liabilities and equity | FA544194005 | 126.1 | 215.1 | 224.3 | 401 | 12.8 | 360.7 | 309.7 | 75.1 | 151.5 | 29 |
| Life insurance companies; total liabilities | FA544190005 | 150 | 239.2 | 245.5 | 423.7 | 17.1 | 375.1 | 332.2 | 93.7 | 181 | 30 |
| Life insurance companies, general accounts; security repurchase agreements; liability | FA542151073 | 1.5 | 15.8 | 9.7 | 30.8 | 14.9 | -7.1 | 17.7 | 10.7 | 17.4 | 31 |
| Life insurance companies, general accounts; FHLB advances; liability | FA543169373 | 6.9 | 22.1 | 2.4 | 12.4 | 0.7 | 27 | -14.4 | 11.2 | -14.2 | 32 |
| Life insurance companies, general accounts; foreign direct investment in U.S.: intercompany debt; liability (market value) | FA543192375 | -0.8 | -4.7 | 1 | -3.6 | -3.8 | 0.2 | 0.6 | 0.4 | 2.7 | 33 |
| Life insurance companies; life insurance reserves; liability | FA543140005 | 48 | 71.6 | 61 | 81.2 | 45.3 | 82.4 | 67.9 | 14.1 | 79.6 | 34 |
| Life insurance companies; pension entitlements, including reserve credit from reinsurers and excluding unallocated insurance contracts; liability (3) | FA543150005 | -31.4 | 111.7 | 64.2 | 191.9 | 95.9 | 130.1 | 167.4 | -78.7 | 37.9 | 35 |
| Life insurance companies; trade payables to insurers; liability | FA543170005 | 66.8 | 16.3 | 20.2 | 16.3 | 16.4 | 15.3 | 25.3 | 22.2 | 18 | 36 |
| Life insurance companies, general accounts; total taxes payable; liability | FA543178075 | -0.5 | -1.1 | 0.2 | 0.3 | 2.9 | 1.9 | -3.3 | 3.6 | -1.5 | 37 |
| Life insurance companies; total miscellaneous liabilities | FA543190005 | 59.5 | 7.6 | 86.9 | 94.3 | -155 | 125.3 | 71 | 110.3 | 41 | 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 | 9.8 | -3 | 9.9 | 8.3 | 10.1 | 15.9 | 4.7 | 40 |
| Life insurance companies; insurance reserves, excluding life insurance reserves and pension entitlements; liability (5) | FA543195005 | 17 | 2.6 | 6 | 6.6 | 5.9 | 26.1 | 8.1 | 6.9 | -17.3 | 41 |
| Pension funds; unallocated insurance contracts; asset | FA593095005 | 7.7 | 8.4 | 14 | 6.5 | 26.2 | 22 | 11.6 | 5.7 | 16.8 | 42 |
| Life insurance companies; unidentified miscellaneous liabilities | FA543193005 | -5.6 | -21.7 | 57.2 | 84.2 | -197 | 68.8 | 41.2 | 81.8 | 36.9 | 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 | -21.3 | -22.7 | -4.4 | -14.4 | -22.5 | -18.6 | -29.5 | 44 |
| Life insurance companies, general accounts; corporate equities; liability | FA543164175 | -24.6 | -30.5 | -24.8 | -32.7 | -23.6 | -23.2 | -27.2 | -22.7 | -26.2 | 45 |
| Life insurance companies, general accounts; foreign direct investment in U.S.: equity; liability (market value) | FA543192173 | 0.7 | 6.4 | 3.6 | 10 | 19.2 | 8.9 | 4.7 | 4.1 | -3.3 | 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 | -115.1 | -146.4 | -37.5 | -106.3 | -127.6 | 32.6 | -63.2 | -85.2 | -34.3 | 48 |
| Life insurance companies, general accounts; securities lending; liability (6) | FA543200073 | 6.4 | -12.8 | -3.9 | -24.8 | -9.5 | 7.1 | -8.5 | -4.1 | -10.1 | 49 |
| Life insurance companies; direct reserve credit; liability | FA543176015 | 37.4 | 219.1 | 142.9 | 278.4 | 170.3 | 250.5 | 238 | -34.9 | 118.1 | 50 |
| Life insurance companies; reserve credit reinsured to U.S. reinsurers; liability | FA543176025 | 40.2 | 75 | 20 | 75 | 75 | 46.6 | 30.2 | 7.8 | -4.5 | 51 |
| Life insurance companies; reserve credit reinsured to non-U.S. reinsurers; asset | FA543076035 | 139.8 | 120.6 | 14.8 | 120.6 | 120.6 | 62.4 | 28.3 | 13.1 | -44.5 | 52 |
| Life insurance companies; reserve credit reinsured from non-U.S. reinsurers; liability | FA543176035 | -3.1 | 8.5 | 0.2 | 8.5 | 8.5 | 1 | 0.4 | 0.2 | -0.8 | 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 43.
Last Update: March 7, 2024