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 | 2023 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Life insurance companies; gross saving including foreign earnings retained abroad less net capital transfers paid (2) | FA546000105 | 14.1 | -3.7 | 16 | 17.8 | 17.1 | 17.6 | 17.9 | 18.6 | 18.9 | 1 |
| Life insurance companies; gross fixed investment, nonresidential structures, equipment, and intellectual property products | FA545013005 | 30.5 | 33.9 | 38.1 | 40.7 | 40.1 | 40.5 | 40.8 | 41.5 | 42.1 | 2 |
| Life insurance companies; total financial assets | FA544090005 | 372.8 | 203.6 | 339.4 | 306 | 372.2 | 426.5 | 253.5 | 171.9 | 340 | 3 |
| Life insurance companies; checkable deposits and currency; asset | FA543020005 | 33.4 | -8.5 | -3.9 | 24.9 | 9.9 | 50.8 | -49.1 | 88.1 | 14 | 4 |
| Life insurance companies; money market fund shares; asset | FA543034005 | 7.8 | -2.3 | 10.3 | 27 | 9.2 | 40.6 | -12.9 | 71.2 | -26.9 | 5 |
| Life insurance companies, general accounts; security repurchase agreements, including those held by U.S. captive reinsurers; asset | FA542051075 | 1.9 | 1.6 | -5.4 | 1 | 0.6 | 2.2 | 1.1 | 0 | 0.3 | 6 |
| Life insurance companies; debt securities; asset | FA544022005 | 172.9 | 176.7 | 191.9 | 87.6 | 190.3 | 84.1 | 84.6 | -8.6 | 310.6 | 7 |
| Life insurance companies; commercial paper; asset | FA543069105 | 5.2 | 7.1 | -16.1 | 5.2 | 0.6 | 4.6 | 8.2 | 7.2 | -2.1 | 8 |
| Life insurance companies; Treasury securities; asset | FA543061105 | 6.2 | -2.6 | -5.2 | -1 | -8 | 8 | -8.4 | 4.5 | 20.2 | 9 |
| Life insurance companies; agency- and GSE-backed securities; asset | FA543061705 | -22.3 | -43.1 | -16.3 | -1.9 | -10.7 | 4.4 | -2.4 | 1.3 | 25.2 | 10 |
| Life insurance companies; municipal securities; asset | FA543062005 | -4 | 1.1 | 5 | -9.8 | -5.4 | -12.1 | -5.3 | -16.4 | -5.7 | 11 |
| Life insurance companies; corporate and foreign bonds; asset | FA543063005 | 187.9 | 214.2 | 224.4 | 95.1 | 213.8 | 79.1 | 92.4 | -5.1 | 272.9 | 12 |
| Life insurance companies; loans; asset | FA544023005 | 24.6 | 51.6 | 71.3 | 44.7 | 52.6 | 59.4 | 50.7 | 16 | 64 | 13 |
| Life insurance companies; other loans and advances; asset | FA543069005 | 1.2 | 4.1 | 1.5 | -0.6 | 4.5 | -1 | 5 | -10.9 | 14.7 | 14 |
| Life insurance companies; total mortgages; asset | FA543065005 | 23.5 | 47.6 | 69.9 | 45.3 | 48.1 | 60.4 | 45.7 | 26.8 | 49.3 | 15 |
| Life insurance companies, general accounts; U.S. direct investment abroad: intercompany debt (market value) | FA543092375 | -0.4 | -0.7 | -0.2 | 0.1 | 0.4 | -0.4 | 0.1 | 0.4 | 0.4 | 16 |
| Life insurance companies; corporate equities; asset | FA543064105 | -0.9 | -78.4 | -3.3 | -65.1 | -62.5 | -55.2 | -59.8 | -82.8 | -19.3 | 17 |
| Life insurance companies, general accounts; U.S. direct investment abroad: equity (market value) | FA543092173 | -2.2 | 0 | 1.9 | 7.8 | 24 | 3.4 | 17.3 | -13.4 | -6.8 | 18 |
| Life insurance companies, general accounts; equity in FHLB; asset | FA543092473 | 2.5 | 1.3 | -1 | 0.8 | -1.1 | 2.4 | 1.4 | 0.4 | 2 | 19 |
| Life insurance companies; mutual fund shares; asset | FA543064205 | -101.2 | -138.9 | -88.3 | -110.2 | -129.2 | -113.7 | -113 | -85 | -135.7 | 20 |
| Life insurance companies; life insurance reserve credit from reinsurers; asset | FA543040005 | 5.6 | 22.2 | -5.6 | 45.6 | 45.6 | 45.6 | 45.6 | 45.6 | 15.7 | 21 |
| Life insurance companies; pension entitlements reserve credit from reinsurers; asset | FA543050005 | 91.6 | 88.5 | 104.5 | 90.7 | 90.7 | 90.7 | 90.7 | 90.7 | 34.8 | 22 |
| Life insurance companies; trade receivables from insurers; liability | FA543070005 | 22.5 | 10.1 | -3.9 | 8.2 | 8.2 | 8.2 | 8.1 | 8.2 | 17.3 | 23 |
| Life insurance companies; total miscellaneous assets | FA543090005 | 114.6 | 80.1 | 71.1 | 143 | 133.5 | 208.6 | 188.6 | 41.2 | 69.5 | 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 | 0.1 | 1.5 | -1.5 | 2.4 | 4.1 | 0.1 | 2.8 | 2.7 | 6.4 | 26 |
| Life insurance companies; accident and health reserve credit from reinsurers; asset | FA543095105 | 8.8 | 4.1 | -4.9 | -0.2 | -0.2 | -0.2 | -0.2 | -0.2 | 5.7 | 27 |
| Life insurance companies; unidentified miscellaneous assets | FA543093005 | 105.8 | 74.5 | 77.4 | 140.8 | 129.7 | 208.8 | 186.1 | 38.7 | 57.4 | 28 |
| Life insurance companies; total liabilities and equity | FA544194005 | 402.3 | 126.1 | 215.1 | 290.9 | 425.4 | 387.1 | 190.1 | 161.1 | 349.9 | 29 |
| Life insurance companies; total liabilities | FA544190005 | 419 | 150 | 239.2 | 309.1 | 438.3 | 408.2 | 210.2 | 179.8 | 391.3 | 30 |
| Life insurance companies, general accounts; security repurchase agreements; liability | FA542151073 | 1 | 1.5 | 15.8 | -0.3 | -2.1 | 8.8 | -0.1 | -8 | 2.2 | 31 |
| Life insurance companies, general accounts; FHLB advances; liability | FA543169373 | 15.5 | 6.9 | 22.1 | 2.4 | 13.2 | -13.9 | 11 | -0.6 | 20.7 | 32 |
| Life insurance companies, general accounts; foreign direct investment in U.S.: intercompany debt; liability (market value) | FA543192375 | -0 | -0.8 | -4.7 | -1.1 | -1.3 | -0.8 | -1 | -1.2 | -4.7 | 33 |
| Life insurance companies; life insurance reserves; liability | FA543140005 | 84.3 | 48 | 71.6 | 25 | 98.9 | 43.7 | -6.7 | -36.1 | 95.7 | 34 |
| Life insurance companies; pension entitlements, including reserve credit from reinsurers and excluding unallocated insurance contracts; liability (3) | FA543150005 | 78.4 | -31.4 | 111.4 | 114.3 | 218.8 | 216 | 4.5 | 17.8 | 62.7 | 35 |
| Life insurance companies; trade payables to insurers; liability | FA543170005 | 88.1 | 66.8 | 16.3 | 93.3 | 93.3 | 93.3 | 93.3 | 93.3 | 49.7 | 36 |
| Life insurance companies, general accounts; total taxes payable; liability | FA543178075 | 1.1 | -0.5 | -1.1 | 1.1 | 1.9 | -3.3 | 3.6 | 2.3 | 2.3 | 37 |
| Life insurance companies; total miscellaneous liabilities | FA543190005 | 150.6 | 59.5 | 7.9 | 74.4 | 15.6 | 64.3 | 105.7 | 112.2 | 162.8 | 38 |
| Life insurance companies; other investment by holding company parent; liability | FA543194703 | -0.2 | 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 | 9.8 | 8.3 | 10.1 | 15.9 | 4.7 | 56.8 | 40 |
| Life insurance companies; insurance reserves, excluding life insurance reserves and pension entitlements; liability (5) | FA543195005 | 18.9 | 17 | 2.6 | 13.9 | 24.5 | 7.6 | 5.5 | 17.9 | 37.3 | 41 |
| Pension funds; unallocated insurance contracts; asset | FA593095005 | 20.2 | 7.7 | 8.7 | 15 | 21.3 | 11.1 | 4.9 | 22.8 | 19.9 | 42 |
| Life insurance companies; unidentified miscellaneous liabilities | FA543193005 | 88.6 | -5.6 | -21.7 | 35.8 | -38.5 | 35.6 | 79.4 | 66.7 | 48.8 | 43 |
| Life insurance companies; equity and investment fund shares excluding mutual fund shares and money market fund shares; liability (IMA) | FA543181105 | -16.8 | -23.9 | -24.1 | -18.2 | -12.9 | -21.1 | -20.1 | -18.6 | -41.4 | 44 |
| Life insurance companies, general accounts; corporate equities; liability | FA543164175 | -14.7 | -24.6 | -30.5 | -24 | -23.2 | -27.2 | -22.7 | -22.8 | -44.7 | 45 |
| Life insurance companies, general accounts; foreign direct investment in U.S.: equity; liability (market value) | FA543192173 | 3.6 | 0.7 | 6.4 | 5.8 | 10.4 | 6.1 | 2.5 | 4.2 | 3.3 | 46 |
| Life insurance companies; equity investment by parent holding company; liability | FA543194603 | -5.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 47 |
| Life insurance companies; sector discrepancy | FA547005005 | 13.1 | -115.1 | -146.5 | -38 | 30.2 | -62.3 | -86.3 | -33.7 | -13.3 | 48 |
| Life insurance companies, general accounts; securities lending; liability (6) | FA543200073 | 3.4 | 6.4 | -12.8 | -1.2 | 7.1 | -8.5 | -4.1 | 0.9 | 8.3 | 49 |
| Life insurance companies; direct reserve credit; liability | FA543176015 | 217.8 | 37.4 | 219.2 | 156.3 | 349.7 | 254.2 | 11.8 | 9.7 | 254.9 | 50 |
| Life insurance companies; reserve credit reinsured to U.S. reinsurers; liability | FA543176025 | 112.4 | 40.2 | 75 | 35.4 | 35.4 | 35.3 | 35.4 | 35.3 | 45.5 | 51 |
| Life insurance companies; reserve credit reinsured to non-U.S. reinsurers; asset | FA543076035 | 87.7 | 139.8 | 120.6 | 182.3 | 182.3 | 182.3 | 182.3 | 182.3 | 55.8 | 52 |
| Life insurance companies; reserve credit reinsured from non-U.S. reinsurers; liability | FA543176035 | -21.5 | -3.1 | 8.5 | -8.1 | -8.1 | -8.1 | -8.1 | -8.1 | 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 43.
Last Update: June 7, 2024