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 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Life insurance companies; gross saving including foreign earnings retained abroad less net capital transfers paid (2) | FA546000105 | -3.7 | 16 | 17.8 | 17.1 | 17.6 | 17.9 | 18.6 | 18.5 | 18.7 | 1 |
| Life insurance companies; gross fixed investment, nonresidential structures, equipment, and intellectual property products | FA545013005 | 33.9 | 38.1 | 40.7 | 40.1 | 40.5 | 40.8 | 41.5 | 42.3 | 43.1 | 2 |
| Life insurance companies; total financial assets | FA544090005 | 204.4 | 339.2 | 305.9 | 373.3 | 426.1 | 253.8 | 170.6 | 345.6 | 255.9 | 3 |
| Life insurance companies; checkable deposits and currency; asset | FA543020005 | -8.5 | -3.9 | 24.9 | 9.9 | 50.8 | -49.1 | 88.1 | 14 | -8.1 | 4 |
| Life insurance companies; money market fund shares; asset | FA543034005 | -2.3 | 10.3 | 27 | 9.2 | 40.6 | -12.9 | 71.2 | -26.9 | 4.8 | 5 |
| Life insurance companies, general accounts; security repurchase agreements, including those held by U.S. captive reinsurers; asset | FA542051075 | 1.6 | -5.4 | 1 | 0.6 | 2.2 | 1.1 | 0 | 0.3 | 0.6 | 6 |
| Life insurance companies; debt securities; asset | FA544022005 | 176.7 | 191.9 | 87.6 | 190.3 | 84.1 | 84.6 | -8.6 | 310.6 | 216.6 | 7 |
| Life insurance companies; commercial paper; asset | FA543069105 | 7.1 | -16.1 | 5.2 | 0.6 | 4.6 | 8.2 | 7.2 | -2.1 | -3.9 | 8 |
| Life insurance companies; Treasury securities; asset | FA543061105 | -2.6 | -5.2 | -1 | -8 | 8 | -8.4 | 4.5 | 20.2 | 14.8 | 9 |
| Life insurance companies; agency- and GSE-backed securities; asset | FA543061705 | -43.1 | -16.3 | -1.9 | -10.7 | 4.4 | -2.4 | 1.3 | 25.2 | 16.8 | 10 |
| Life insurance companies; municipal securities; asset | FA543062005 | 1.1 | 5 | -9.8 | -5.4 | -12.1 | -5.3 | -16.4 | -5.7 | -16.5 | 11 |
| Life insurance companies; corporate and foreign bonds; asset | FA543063005 | 214.2 | 224.4 | 95.1 | 213.8 | 79.1 | 92.4 | -5.1 | 272.9 | 205.4 | 12 |
| Life insurance companies; loans; asset | FA544023005 | 51.6 | 71.3 | 44.7 | 52.6 | 59.4 | 50.7 | 16 | 64 | 72 | 13 |
| Life insurance companies; other loans and advances; asset | FA543069005 | 4.1 | 1.5 | -0.6 | 4.5 | -1 | 5 | -10.9 | 14.7 | 9.4 | 14 |
| Life insurance companies; total mortgages; asset | FA543065005 | 47.6 | 69.9 | 45.3 | 48.1 | 60.4 | 45.7 | 26.8 | 49.3 | 62.5 | 15 |
| Life insurance companies, general accounts; U.S. direct investment abroad: intercompany debt (market value) | FA543092375 | -0.5 | -0.2 | -0 | 0.2 | -0.4 | 0.1 | 0.1 | 0 | 0.2 | 16 |
| Life insurance companies; corporate equities; asset | FA543064105 | -78.4 | -3.3 | -65.1 | -62.5 | -55.2 | -59.8 | -82.8 | -21 | -38.4 | 17 |
| Life insurance companies, general accounts; U.S. direct investment abroad: equity (market value) | FA543092173 | -1.5 | 3.4 | 8.6 | 24 | 3.2 | 17.4 | -10.1 | 7.3 | -10.2 | 18 |
| Life insurance companies, general accounts; equity in FHLB; asset | FA543092473 | 1.3 | -1 | 0.8 | -1.1 | 2.4 | 1.4 | 0.4 | 2 | 1.4 | 19 |
| Life insurance companies; mutual fund shares; asset | FA543064205 | -138.9 | -88.3 | -110.2 | -129.2 | -113.7 | -113 | -85 | -134 | -128.8 | 20 |
| Life insurance companies; life insurance reserve credit from reinsurers; asset | FA543040005 | 22.2 | -5.6 | 45.6 | 45.6 | 45.6 | 45.6 | 45.6 | 15.7 | 8 | 21 |
| Life insurance companies; pension entitlements reserve credit from reinsurers; asset | FA543050005 | 88.5 | 104.5 | 90.7 | 90.7 | 90.7 | 90.7 | 90.7 | 34.8 | 17 | 22 |
| Life insurance companies; trade receivables from insurers; liability | FA543070005 | 10.1 | -3.9 | 8.2 | 8.2 | 8.2 | 8.1 | 8.2 | 9.1 | 17.2 | 23 |
| Life insurance companies; total miscellaneous assets | FA543090005 | 82.3 | 69.3 | 142.2 | 134.6 | 208.3 | 188.8 | 36.9 | 69.7 | 103.7 | 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 | 2.4 | 4.1 | 0.1 | 2.8 | 2.7 | 6.4 | 0.2 | 26 |
| Life insurance companies; accident and health reserve credit from reinsurers; asset | FA543095105 | 4.1 | -4.9 | -0.2 | -0.2 | -0.2 | -0.2 | -0.2 | 5.7 | -5.3 | 27 |
| Life insurance companies; unidentified miscellaneous assets | FA543093005 | 76.7 | 75.6 | 140 | 130.8 | 208.5 | 186.3 | 34.4 | 57.6 | 108.7 | 28 |
| Life insurance companies; total liabilities and equity | FA544194005 | 126.9 | 217 | 284.6 | 424 | 375.6 | 186 | 152.6 | 352.1 | 196.9 | 29 |
| Life insurance companies; total liabilities | FA544190005 | 150 | 239.9 | 308.9 | 438.1 | 408 | 210.6 | 179 | 390.3 | 211.7 | 30 |
| Life insurance companies, general accounts; security repurchase agreements; liability | FA542151073 | 1.5 | 15.8 | -0.3 | -2.1 | 8.8 | -0.1 | -8 | 2.2 | 3.7 | 31 |
| Life insurance companies, general accounts; FHLB advances; liability | FA543169373 | 6.9 | 22.1 | 2.4 | 13.2 | -13.9 | 11 | -0.6 | 20.7 | 27.5 | 32 |
| Life insurance companies, general accounts; foreign direct investment in U.S.: intercompany debt; liability (market value) | FA543192375 | -1.6 | -5.2 | -0.8 | -0.1 | -0.7 | -0.9 | -1.4 | 0.6 | -0.1 | 33 |
| Life insurance companies; life insurance reserves; liability | FA543140005 | 48 | 71.6 | 25 | 98.9 | 43.7 | -6.7 | -36.1 | 95.7 | 49.9 | 34 |
| Life insurance companies; pension entitlements, including reserve credit from reinsurers and excluding unallocated insurance contracts; liability (3) | FA543150005 | -31.4 | 102.1 | 113.1 | 217.8 | 214.5 | 3.7 | 16.3 | 60.7 | 36.9 | 35 |
| Life insurance companies; trade payables to insurers; liability | FA543170005 | 66.8 | 16.3 | 93.3 | 93.3 | 93.3 | 93.3 | 93.3 | 47.3 | 32.2 | 36 |
| Life insurance companies, general accounts; total taxes payable; liability | FA543178075 | -0.5 | -1.1 | 1.1 | 1.9 | -3.3 | 3.6 | 2.3 | 2.3 | -6.6 | 37 |
| Life insurance companies; total miscellaneous liabilities | FA543190005 | 60.3 | 18.3 | 75.2 | 15.2 | 65.5 | 106.6 | 113.2 | 160.8 | 68.1 | 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 | 18.4 | 9.8 | 8.3 | 10.1 | 15.9 | 4.7 | 56.8 | 0.9 | 40 |
| Life insurance companies; insurance reserves, excluding life insurance reserves and pension entitlements; liability (5) | FA543195005 | 17 | 2.6 | 13.9 | 24.5 | 7.6 | 5.5 | 17.9 | 37.3 | -26.3 | 41 |
| Pension funds; unallocated insurance contracts; asset | FA593095005 | 7.7 | 18 | 16.2 | 22.3 | 12.6 | 5.6 | 24.4 | 21.9 | 18.5 | 42 |
| Life insurance companies; unidentified miscellaneous liabilities | FA543193005 | -4.9 | -20.6 | 35.3 | -39.9 | 35.3 | 79.6 | 66.2 | 44.9 | 75 | 43 |
| Life insurance companies; equity and investment fund shares excluding mutual fund shares and money market fund shares; liability (IMA) | FA543181105 | -23.1 | -22.9 | -24.4 | -14.1 | -32.3 | -24.6 | -26.5 | -38.3 | -14.8 | 44 |
| Life insurance companies, general accounts; corporate equities; liability | FA543164175 | -24.5 | -29.9 | -23.7 | -22.1 | -27.2 | -22.6 | -22.8 | -44.7 | -20 | 45 |
| Life insurance companies, general accounts; foreign direct investment in U.S.: equity; liability (market value) | FA543192173 | 1.4 | 7 | -0.7 | 8 | -5.1 | -2 | -3.6 | 6.5 | 5.2 | 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 | -144.3 | -44.3 | 27.8 | -73.3 | -90.7 | -40.9 | -17.2 | -83.4 | 48 |
| Life insurance companies, general accounts; securities lending; liability (6) | FA543200073 | 6.4 | -12.8 | -1.2 | 7.1 | -8.5 | -4.1 | 0.9 | 8.3 | -9.2 | 49 |
| Life insurance companies; direct reserve credit; liability | FA543176015 | 37.4 | 219.2 | 156.3 | 349.7 | 254.2 | 11.8 | 9.7 | 254.9 | 102.1 | 50 |
| Life insurance companies; reserve credit reinsured to U.S. reinsurers; liability | FA543176025 | 40.2 | 75 | 35.4 | 35.4 | 35.3 | 35.4 | 35.3 | 45.5 | 15.7 | 51 |
| Life insurance companies; reserve credit reinsured to non-U.S. reinsurers; asset | FA543076035 | 139.8 | 120.6 | 182.3 | 182.3 | 182.3 | 182.3 | 182.3 | 55.8 | 24.6 | 52 |
| Life insurance companies; reserve credit reinsured from non-U.S. reinsurers; liability | FA543176035 | -3.1 | 8.5 | -8.1 | -8.1 | -8.1 | -8.1 | -8.1 | 0.2 | 0.1 | 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: September 12, 2024