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 | 2021 | 2022 | 2023 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Life insurance companies; total financial assets | FL544090005 | 10066.2 | 9047.8 | 9819.6 | 8811.1 | 9047.8 | 9338.8 | 9469 | 9289.9 | 9819.6 | 1 |
| Life insurance companies; checkable deposits and currency; asset | FL543020005 | 122.2 | 118.3 | 128.1 | 118.8 | 118.3 | 121.7 | 137.9 | 127.4 | 128.1 | 2 |
| Life insurance companies; money market fund shares; asset | FL543034005 | 65.2 | 75.6 | 83.1 | 73.8 | 75.6 | 78.2 | 86.7 | 82.4 | 83.1 | 3 |
| Life insurance companies, general accounts; security repurchase agreements, including those held by U.S. captive reinsurers; asset | FL542051075 | 10 | 4.7 | 8 | 5.9 | 4.7 | 6 | 6.7 | 7.2 | 8 | 4 |
| Life insurance companies; debt securities; asset | LM544022005 | 4569.2 | 3904.9 | 4226.1 | 3796.4 | 3904.9 | 4065 | 4054.5 | 3942.6 | 4226.1 | 5 |
| Life insurance companies; commercial paper; asset | FL543069105 | 41.8 | 25.8 | 30 | 29.7 | 25.8 | 26.9 | 29.1 | 29.8 | 30 | 6 |
| Life insurance companies; Treasury securities; asset | LM543061105 | 237.1 | 183.1 | 193.4 | 188.8 | 183.1 | 187.6 | 190.1 | 185.1 | 193.4 | 7 |
| Life insurance companies; agency- and GSE-backed securities; asset | LM543061705 | 319.9 | 265.4 | 283.8 | 273.8 | 265.4 | 270.5 | 272.5 | 272 | 283.8 | 8 |
| Life insurance companies; municipal securities; asset | LM543062005 | 241.3 | 197.9 | 199 | 197.2 | 197.9 | 200.9 | 196.6 | 186.8 | 199 | 9 |
| Life insurance companies; corporate and foreign bonds; asset | LM543063005 | 3729 | 3232.7 | 3519.8 | 3106.9 | 3232.7 | 3379.1 | 3366.2 | 3269 | 3519.8 | 10 |
| Life insurance companies; loans; asset | FL544023005 | 881.6 | 953 | 1003 | 939.8 | 953 | 965.6 | 978.9 | 992.9 | 1003 | 11 |
| Life insurance companies; other loans and advances; asset | FL543069005 | 172.1 | 173.6 | 173.8 | 174.2 | 173.6 | 174.7 | 174.5 | 175.7 | 173.8 | 12 |
| Life insurance companies; total mortgages; asset | FL543065005 | 709.5 | 779.4 | 829.2 | 765.6 | 779.4 | 790.9 | 804.5 | 817.2 | 829.2 | 13 |
| Life insurance companies, general accounts; U.S. direct investment abroad: intercompany debt (market value) | LM543092375 | -0.3 | -0.2 | -0.5 | -0.3 | -0.2 | -0.1 | -0.3 | -0.3 | -0.5 | 14 |
| Life insurance companies; corporate equities; asset | LM543064105 | 811.5 | 659.8 | 750.1 | 629.9 | 659.8 | 689.3 | 702.7 | 671.2 | 750.1 | 15 |
| Life insurance companies, general accounts; U.S. direct investment abroad: equity (market value) | LM543092173 | 86.7 | 25.1 | 45.7 | 31.3 | 25.1 | 34.1 | 35.9 | 39.3 | 45.7 | 16 |
| Life insurance companies, general accounts; equity in FHLB; asset | FL543092473 | 9.1 | 8.1 | 13.6 | 8.5 | 8.1 | 7.8 | 8.4 | 8.7 | 13.6 | 17 |
| Life insurance companies; mutual fund shares; asset | LM543064205 | 1832.3 | 1413.5 | 1535.3 | 1347.2 | 1413.5 | 1460.7 | 1504 | 1423.9 | 1535.3 | 18 |
| Life insurance companies; life insurance reserve credit from reinsurers; asset | FL543040005 | 284.9 | 279.3 | 285.4 | 280.7 | 279.3 | 282.6 | 284.5 | 285.6 | 285.4 | 19 |
| Life insurance companies; pension entitlements reserve credit from reinsurers; asset | FL543050005 | 380 | 484.2 | 504.6 | 458 | 484.2 | 496.1 | 500.9 | 503.1 | 504.6 | 20 |
| Life insurance companies; trade receivables from insurers; liability | FL543070005 | 140.5 | 136.6 | 146.6 | 137.6 | 136.6 | 137.4 | 140.6 | 143.8 | 146.6 | 21 |
| Life insurance companies; total miscellaneous assets | FL543090005 | 873.3 | 985 | 1090.7 | 983.6 | 985 | 994.4 | 1027.6 | 1061.9 | 1090.7 | 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 | 38.4 | 37 | 39.5 | 39.4 | 37 | 38 | 38 | 38.7 | 39.5 | 24 |
| Life insurance companies; accident and health reserve credit from reinsurers; asset | FL543095105 | 90.6 | 85.7 | 85.5 | 86.9 | 85.7 | 86.4 | 87 | 87.4 | 85.5 | 25 |
| Life insurance companies; unidentified miscellaneous assets | FL543093005 | 744.3 | 862.3 | 965.7 | 857.2 | 862.3 | 870 | 902.6 | 935.8 | 965.7 | 26 |
| Life insurance companies; total liabilities and equity | FL544194005 | 9602.2 | 9120.4 | 9766.1 | 8972.2 | 9120.4 | 9325.1 | 9515.2 | 9456.3 | 9766.1 | 27 |
| Life insurance companies; total liabilities | FL544190005 | 9068.1 | 8755.2 | 9348.7 | 8627.9 | 8755.2 | 8975 | 9140.2 | 9072.9 | 9348.7 | 28 |
| Life insurance companies, general accounts; security repurchase agreements; liability | FL542151073 | 20.6 | 36.4 | 46.1 | 32.7 | 36.4 | 34.6 | 39.1 | 41.7 | 46.1 | 29 |
| Life insurance companies, general accounts; FHLB advances; liability | FL543169373 | 113.6 | 135.7 | 138.1 | 135.6 | 135.7 | 142.5 | 138.9 | 141.7 | 138.1 | 30 |
| Life insurance companies, general accounts; foreign direct investment in U.S.: intercompany debt; liability (market value) | LM543192375 | 11.4 | 6.6 | 7.5 | 7.5 | 6.6 | 6.6 | 6.7 | 6.9 | 7.5 | 31 |
| Life insurance companies; life insurance reserves; liability | FL543140005 | 2399.4 | 2398.9 | 2507.2 | 2371.1 | 2398.9 | 2436.6 | 2464.8 | 2456 | 2507.2 | 32 |
| Life insurance companies; pension entitlements, including reserve credit from reinsurers and excluding unallocated insurance contracts; liability (2) | FL543150005 | 4109.9 | 3823.1 | 4139.9 | 3714.3 | 3823.1 | 3941.9 | 4040.1 | 3958 | 4139.9 | 33 |
| Life insurance companies; trade payables to insurers; liability | FL543170005 | 355 | 371.2 | 391.5 | 367.1 | 371.2 | 375.1 | 381.4 | 387 | 391.5 | 34 |
| Life insurance companies, general accounts; total taxes payable; liability | FL543178075 | 7.2 | 6 | 6.2 | 5.3 | 6 | 6.5 | 5.7 | 6.6 | 6.2 | 35 |
| Life insurance companies; total miscellaneous liabilities | FL543190005 | 2051 | 1977.1 | 2112.2 | 1994.3 | 1977.1 | 2031.1 | 2063.5 | 2075.1 | 2112.2 | 36 |
| Life insurance companies; other investment by holding company parent; liability | FL543194703 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 37 |
| Issuers of asset-backed securities; funding agreements backing securities; asset (3) | FL673090543 | 155.4 | 173.7 | 183.5 | 171.3 | 173.7 | 175.8 | 178.3 | 182.3 | 183.5 | 38 |
| Life insurance companies; insurance reserves, excluding life insurance reserves and pension entitlements; liability (4) | FL543195005 | 472 | 474.6 | 480.5 | 473.1 | 474.6 | 481.1 | 483.1 | 484.9 | 480.5 | 39 |
| Pension funds; unallocated insurance contracts; asset | FL593095005 | 914.5 | 871.5 | 903.1 | 853.6 | 871.5 | 888.7 | 899.2 | 892.3 | 903.1 | 40 |
| Life insurance companies; unidentified miscellaneous liabilities | FL543193005 | 509.1 | 457.4 | 545.1 | 496.4 | 457.4 | 485.5 | 502.9 | 515.7 | 545.1 | 41 |
| Life insurance companies; equity and investment fund shares excluding mutual fund shares and money market fund shares; liability (IMA) | FL543181105 | 534.1 | 365.3 | 417.3 | 344.3 | 365.3 | 350.1 | 375 | 383.5 | 417.3 | 42 |
| Life insurance companies, general accounts; corporate equities; liability | LM543164175 | 224.6 | 230.4 | 240.8 | 199.4 | 230.4 | 202 | 212.6 | 225.4 | 240.8 | 43 |
| Life insurance companies, general accounts; foreign direct investment in U.S.: equity; liability (market value) | LM543192173 | 309.5 | 134.9 | 176.5 | 144.9 | 134.9 | 148 | 162.4 | 158.1 | 176.5 | 44 |
| Life insurance companies; equity investment by parent holding company; liability | FL543194603 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 45 |
| Life insurance companies, general accounts; securities lending; liability (5) | FL543200073 | 54.5 | 41.7 | 37.8 | 44.1 | 41.7 | 43.5 | 41.4 | 40.3 | 37.8 | 46 |
| Life insurance companies; direct reserve credit; liability | FL543176015 | 7613.6 | 7310.9 | 7771.1 | 7155.7 | 7310.9 | 7488.6 | 7623.2 | 7531.3 | 7771.1 | 47 |
| Life insurance companies; reserve credit reinsured to U.S. reinsurers; liability | FL543176025 | 917.1 | 968 | 997.5 | 943.4 | 968 | 986 | 997.6 | 995 | 997.5 | 48 |
| Life insurance companies; reserve credit reinsured to non-U.S. reinsurers; asset | FL543076035 | 689.8 | 808.9 | 825.6 | 777.8 | 808.9 | 825.7 | 833.6 | 836 | 825.6 | 49 |
| Life insurance companies; reserve credit reinsured from non-U.S. reinsurers; liability | FL543176035 | 2.3 | 10.8 | 11 | 8.7 | 10.8 | 11 | 11.2 | 11.2 | 11 | 50 |
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 38.
- 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 7, 2024