Financial Accounts of the United States - Z.1
S1281.2.t Life insurance companies: separate accounts 🕮 PDF
| Line | Description | Series | 2023 | 2024 | 2025 | 2024:Q4 | 2025:Q1 | 2025:Q2 | 2025:Q3 | 2025:Q4 | 2026:Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Line 1 | Net acquisition of financial assets | FA544090085 | -58.2 | -85.2 | -53.3 | -87.7 | -139.3 | -8.7 | -19.0 | -46.0 | -93.3 |
| Line 2 | Checkable deposits and currency | FA543020083 | 0.9 | 5.5 | 3.0 | 0.1 | -0.4 | 5.3 | 6.6 | 0.6 | 6.2 |
| Line 3 | Debt securities | FA544022085 | 31.5 | 58.8 | 53.6 | -54.4 | -8.5 | 83.5 | 86.7 | 52.7 | 115.6 |
| Line 4 | Open market paper | FA543069183 | 0.7 | 1.0 | -8.6 | -2.5 | -8.0 | -7.7 | -8.7 | -10.2 | 0.2 |
| Line 5 | Treasury securities | FA543061183 | -5.2 | 2.8 | 1.3 | -5.0 | -4.6 | 4.5 | 4.4 | 0.6 | 6.7 |
| Line 6 | Agency- and GSE-backed securities | FA543061783 | -2.4 | -1.5 | 13.6 | -20.5 | 4.5 | 17.4 | 20.4 | 12.2 | 13.1 |
| Line 7 | Municipal securities | FA543062083 | 0.6 | -1.7 | -4.1 | -5.5 | -3.6 | -2.7 | -4.5 | -5.5 | 1.5 |
| Line 8 | Corporate and foreign bonds | FA543063085 | 37.9 | 58.2 | 51.4 | -20.9 | 3.2 | 72.0 | 75.0 | 55.7 | 94.0 |
| Line 9 | Loans | FA544035085 | 11.2 | 13.0 | 18.2 | 3.4 | 10.1 | 21.7 | 25.9 | 15.2 | 12.8 |
| Line 10 | Mortgages | FA543065083 | 11.2 | 13.0 | 18.2 | 3.4 | 10.1 | 21.7 | 25.9 | 15.2 | 12.8 |
| Line 11 | Other loans and advances | FA543069483 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 12 | Corporate equities | FA543064185 | -73.3 | -5.0 | -97.8 | -42.6 | -31.8 | -93.2 | -139.0 | -127.1 | -28.7 |
| Line 13 | Money market fund shares | FA543034385 | 1.4 | 0.9 | 2.0 | 2.2 | 11.0 | -0.4 | -2.9 | 0.3 | 3.6 |
| Line 14 | Mutual fund shares | FA543064385 | -107.5 | -127.9 | -135.5 | -91.2 | -171.1 | -142.0 | -134.1 | -95.0 | -177.9 |
| Line 15 | Life insurance reserves | FA543040085 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 16 | Pension entitlements | FA543050085 | -0.3 | -0.3 | -0.1 | -0.3 | -0.1 | -0.1 | -0.1 | -0.1 | -0.0 |
| Line 17 | Trade receivables | FA543070085 | 0.0 | 0.0 | -0.0 | 0.0 | -0.0 | -0.0 | -0.0 | 0.0 | 0.0 |
| Line 18 | Miscellaneous assets | FA543090085 | 77.8 | -30.2 | 103.3 | 95.2 | 51.5 | 116.4 | 137.9 | 107.3 | -24.7 |
| Line 19 | Net increase in liabilities | FA544190085 | -65.3 | -80.2 | -52.4 | -82.7 | -146.3 | -2.9 | -14.9 | -45.5 | -98.2 |
| Line 20 | Life insurance reserves | FA543140085 | -27.4 | 48.3 | -46.3 | 47.9 | -59.0 | -38.2 | -41.6 | -46.5 | -16.9 |
| Line 21 | Pension entitlements(1) | FA543150085 | -78.4 | -40.3 | -65.9 | -42.5 | -143.2 | -24.0 | -35.0 | -61.4 | -79.3 |
| Line 22 | Trade payables | FA543170085 | -0.1 | -0.6 | -0.0 | -0.6 | -0.0 | -0.0 | -0.0 | 0.0 | 0.0 |
| Line 23 | Miscellaneous liabilities | FA543190085 | 40.5 | -87.6 | 59.8 | -87.5 | 55.9 | 59.3 | 61.7 | 62.4 | -2.0 |
Note:
- Annuity reserves held by life insurance companies, excluding unallocated contracts held by pension funds which are included in miscellaneous liabilities (line 23).
Last Update: June 11, 2026