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 | 2023 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Life insurance companies; total financial assets | FL544090005 | 9614.5 | 10066.2 | 9047.8 | 9713.5 | 9321.6 | 9443.7 | 9260.6 | 9713.5 | 9900.2 | 1 |
| Life insurance companies; checkable deposits and currency; asset | FL543020005 | 130.7 | 122.2 | 118.3 | 143.3 | 120.8 | 133.5 | 121.2 | 143.3 | 146.8 | 2 |
| Life insurance companies; money market fund shares; asset | FL543034005 | 67.5 | 65.2 | 75.6 | 102.6 | 77.9 | 88 | 84.8 | 102.6 | 95.9 | 3 |
| Life insurance companies, general accounts; security repurchase agreements, including those held by U.S. captive reinsurers; asset | FL542051075 | 8.4 | 10 | 4.7 | 5.6 | 4.8 | 5.4 | 5.6 | 5.6 | 5.7 | 4 |
| Life insurance companies; debt securities; asset | LM544022005 | 4546.3 | 4569.2 | 3904.9 | 4013.9 | 4021.8 | 3967.4 | 3811.9 | 4013.9 | 4057 | 5 |
| Life insurance companies; commercial paper; asset | FL543069105 | 34.7 | 41.8 | 25.8 | 30.9 | 26.9 | 29.3 | 30.4 | 30.9 | 31.6 | 6 |
| Life insurance companies; Treasury securities; asset | LM543061105 | 246.6 | 237.1 | 183.1 | 180.9 | 184.4 | 182.1 | 172.4 | 180.9 | 183.8 | 7 |
| Life insurance companies; agency- and GSE-backed securities; asset | LM543061705 | 375.1 | 319.9 | 265.4 | 265.1 | 266 | 263 | 257.8 | 265.1 | 269.9 | 8 |
| Life insurance companies; municipal securities; asset | LM543062005 | 240.5 | 241.3 | 197.9 | 192.5 | 200 | 195 | 184.3 | 192.5 | 189.1 | 9 |
| Life insurance companies; corporate and foreign bonds; asset | LM543063005 | 3649.4 | 3729 | 3232.7 | 3344.5 | 3344.5 | 3297.9 | 3167 | 3344.5 | 3382.7 | 10 |
| Life insurance companies; loans; asset | FL544023005 | 830 | 881.6 | 953 | 997.6 | 965.5 | 978.8 | 992.6 | 997.6 | 1013.3 | 11 |
| Life insurance companies; other loans and advances; asset | FL543069005 | 168 | 172.1 | 173.6 | 173 | 174.7 | 174.5 | 175.7 | 173 | 176.7 | 12 |
| Life insurance companies; total mortgages; asset | FL543065005 | 662 | 709.5 | 779.4 | 824.6 | 790.8 | 804.3 | 816.9 | 824.6 | 836.6 | 13 |
| Life insurance companies, general accounts; U.S. direct investment abroad: intercompany debt (market value) | LM543092375 | 0.5 | -0.3 | -0.2 | -0.2 | -0.1 | -0.3 | -0.3 | -0.2 | -0.1 | 14 |
| Life insurance companies; corporate equities; asset | LM543064105 | 771.1 | 811.5 | 659.8 | 697.5 | 679.4 | 689.3 | 657.6 | 697.5 | 727 | 15 |
| Life insurance companies, general accounts; U.S. direct investment abroad: equity (market value) | LM543092173 | 93.9 | 86.7 | 25.1 | 40.8 | 34.8 | 37.2 | 40.5 | 40.8 | 41.1 | 16 |
| Life insurance companies, general accounts; equity in FHLB; asset | FL543092473 | 7.8 | 9.1 | 8.1 | 8.8 | 7.8 | 8.4 | 8.7 | 8.8 | 9.3 | 17 |
| Life insurance companies; mutual fund shares; asset | LM543064205 | 1694.6 | 1832.3 | 1413.5 | 1533.4 | 1460.5 | 1503.7 | 1423.5 | 1533.4 | 1605 | 18 |
| Life insurance companies; life insurance reserve credit from reinsurers; asset | FL543040005 | 262.7 | 284.9 | 279.3 | 324.9 | 290.7 | 302.1 | 313.5 | 324.9 | 328.8 | 19 |
| Life insurance companies; pension entitlements reserve credit from reinsurers; asset | FL543050005 | 291.3 | 380 | 484.2 | 575 | 506.9 | 529.6 | 552.3 | 575 | 583.8 | 20 |
| Life insurance companies; trade receivables from insurers; liability | FL543070005 | 130.4 | 140.5 | 136.6 | 144.7 | 138.6 | 140.7 | 142.7 | 144.7 | 149.1 | 21 |
| Life insurance companies; total miscellaneous assets | FL543090005 | 779.5 | 873.3 | 985 | 1125.4 | 1012.1 | 1059.9 | 1105.9 | 1125.4 | 1137.5 | 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 | 37 | 38.4 | 37 | 39.4 | 38 | 38 | 38.7 | 39.4 | 41 | 24 |
| Life insurance companies; accident and health reserve credit from reinsurers; asset | FL543095105 | 86.4 | 90.6 | 85.7 | 85.5 | 85.6 | 85.6 | 85.5 | 85.5 | 86.9 | 25 |
| Life insurance companies; unidentified miscellaneous assets | FL543093005 | 656.1 | 744.3 | 862.3 | 1000.6 | 888.5 | 936.3 | 981.6 | 1000.6 | 1009.6 | 26 |
| Life insurance companies; total liabilities and equity | FL544194005 | 8983.1 | 9602.2 | 9120.6 | 9774.9 | 9331.8 | 9538.2 | 9500.7 | 9774.9 | 10057 | 27 |
| Life insurance companies; total liabilities | FL544190005 | 8557.6 | 9068.1 | 8755.2 | 9395.2 | 8990.8 | 9181.8 | 9144.5 | 9395.2 | 9633.9 | 28 |
| Life insurance companies, general accounts; security repurchase agreements; liability | FL542151073 | 19.1 | 20.6 | 36.4 | 36.1 | 35.9 | 38.1 | 38.1 | 36.1 | 36.6 | 29 |
| Life insurance companies, general accounts; FHLB advances; liability | FL543169373 | 106.7 | 113.6 | 135.7 | 138.1 | 139 | 135.5 | 138.3 | 138.1 | 143.3 | 30 |
| Life insurance companies, general accounts; foreign direct investment in U.S.: intercompany debt; liability (market value) | LM543192375 | 12.6 | 11.4 | 6.6 | 5.3 | 6.3 | 5.9 | 5.7 | 5.3 | 4.1 | 31 |
| Life insurance companies; life insurance reserves; liability | FL543140005 | 2303.7 | 2399.4 | 2398.9 | 2468.2 | 2440.8 | 2463.7 | 2450 | 2468.2 | 2510.7 | 32 |
| Life insurance companies; pension entitlements, including reserve credit from reinsurers and excluding unallocated insurance contracts; liability (2) | FL543150005 | 3876.6 | 4109.9 | 3822.8 | 4162 | 3963.8 | 4078.6 | 4018.4 | 4162 | 4273 | 33 |
| Life insurance companies; trade payables to insurers; liability | FL543170005 | 288.1 | 355 | 371.2 | 464.6 | 394.6 | 418 | 441.2 | 464.6 | 477.1 | 34 |
| Life insurance companies, general accounts; total taxes payable; liability | FL543178075 | 7.7 | 7.2 | 6 | 7.2 | 6.5 | 5.7 | 6.6 | 7.2 | 7.7 | 35 |
| Life insurance companies; total miscellaneous liabilities | FL543190005 | 1943.1 | 2051 | 1977.4 | 2113.7 | 2003.9 | 2036.2 | 2046.2 | 2113.7 | 2181.3 | 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 | 114.9 | 155.4 | 173.7 | 183.5 | 175.8 | 178.3 | 182.3 | 183.5 | 197.7 | 38 |
| Life insurance companies; insurance reserves, excluding life insurance reserves and pension entitlements; liability (4) | FL543195005 | 455 | 472 | 474.6 | 488.4 | 480.7 | 482.6 | 484 | 488.4 | 497.8 | 39 |
| Pension funds; unallocated insurance contracts; asset | FL593095005 | 874.7 | 914.5 | 871.8 | 917.5 | 888.8 | 899.8 | 892.8 | 917.5 | 935.5 | 40 |
| Life insurance companies; unidentified miscellaneous liabilities | FL543193005 | 498.5 | 509.1 | 457.4 | 524.3 | 458.7 | 475.5 | 487.1 | 524.3 | 550.4 | 41 |
| Life insurance companies; equity and investment fund shares excluding mutual fund shares and money market fund shares; liability (IMA) | FL543181105 | 425.5 | 534.1 | 365.5 | 379.7 | 341 | 356.4 | 356.2 | 379.7 | 423.1 | 42 |
| Life insurance companies, general accounts; corporate equities; liability | LM543164175 | 166.6 | 224.6 | 230.6 | 241.5 | 201.2 | 211.7 | 225 | 241.5 | 270.2 | 43 |
| Life insurance companies, general accounts; foreign direct investment in U.S.: equity; liability (market value) | LM543192173 | 258.9 | 309.5 | 134.9 | 138.2 | 139.8 | 144.7 | 131.2 | 138.2 | 152.9 | 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 | 48.1 | 54.5 | 41.7 | 40.6 | 43.5 | 41.4 | 40.3 | 40.6 | 42.6 | 46 |
| Life insurance companies; direct reserve credit; liability | FL543176015 | 7231.7 | 7613.6 | 7310.9 | 7767 | 7513.4 | 7658 | 7579.3 | 7767 | 7957.6 | 47 |
| Life insurance companies; reserve credit reinsured to U.S. reinsurers; liability | FL543176025 | 860.9 | 917.1 | 968 | 1020 | 983.2 | 996.5 | 1000.8 | 1020 | 1038.6 | 48 |
| Life insurance companies; reserve credit reinsured to non-U.S. reinsurers; asset | FL543076035 | 549.1 | 689.8 | 808.9 | 993.9 | 855.7 | 902.1 | 947 | 993.9 | 1008.6 | 49 |
| Life insurance companies; reserve credit reinsured from non-U.S. reinsurers; liability | FL543176035 | 5.4 | 2.3 | 10.8 | 2.7 | 8.8 | 6.8 | 4.7 | 2.7 | 2.8 | 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: June 7, 2024