Financial Accounts of the United States - Z.1

S1281.t Life insurance companies 🕮 PDF
Line Description Series 2023 2024 2025 2024:Q4 2025:Q1 2025:Q2 2025:Q3 2025:Q4 2026:Q1
Line 1 Gross saving less net capital transfers paid FA546000105 31.2 28.9 28.9 28.7 28.2 27.4 29.0 30.8 31.6
Line 2 Fixed nonresidential investment FA545013005 34.9 38.1 41.1 38.7 39.5 40.6 41.6 42.6 43.7
Line 3 Net acquisition of financial assets FA544090005 267.9 340.1 258.6 285.1 132.0 389.4 410.4 102.3 308.7
Line 4 Checkable deposits and currency FA543020005 24.9 7.3 23.4 -24.8 -20.6 44.5 69.9 -0.1 -11.0
Line 5 Debt securities FA544022005 80.1 229.3 230.5 112.5 142.4 238.0 312.0 229.5 385.3
Line 6 Open market paper FA543069105 5.2 5.7 -12.5 7.6 -6.5 -28.5 -7.0 -7.9 17.1
Line 7 Treasury securities FA543061105 0.1 12.4 9.9 7.2 -4.6 -1.7 27.2 18.7 13.1
Line 8 Agency- and GSE-backed securities FA543061705 -1.0 -0.8 19.6 -21.0 15.4 22.2 34.6 6.2 13.5
Line 9 Municipal securities FA543062005 -9.7 -14.1 -4.7 -12.9 -9.7 -2.9 0.0 -6.4 -5.0
Line 10 Corporate and foreign bonds FA543063005 85.6 226.0 218.2 131.7 147.8 248.9 257.2 218.8 346.7
Line 11 Loans FA544035005 44.2 75.6 71.5 66.7 44.0 99.4 54.8 87.8 18.9
Line 12 Security repurchase agreements FA542051075 1.0 -0.2 -0.8 -0.4 1.5 -2.8 -1.1 -0.6 5.2
Line 13 Mortgages FA543065005 45.3 67.1 63.3 55.4 32.2 94.0 49.6 77.4 13.0
Line 14 Other loans and advances FA543069005 -2.0 8.7 9.0 11.7 10.3 8.2 6.4 11.0 0.8
Line 15 Corporate equities FA543064105 -87.8 -25.0 -101.0 -82.1 61.3 -126.2 -167.1 -172.1 -4.6
Line 16 U.S. direct investment abroad: equity FA543092173 6.9 12.2 4.6 19.9 4.9 -1.3 1.3 13.4 2.4
Line 17 Equity in FHLB FA543092473 0.8 1.8 1.4 1.8 1.7 2.0 1.7 0.3 3.8
Line 18 Money market fund shares FA543034005 27.0 0.2 10.6 -15.8 -5.5 20.4 31.9 -4.5 -6.0
Line 19 Mutual fund shares FA543064205 -110.6 -128.6 -132.9 -93.7 -166.2 -143.1 -126.2 -95.8 -181.1
Line 20 Life insurance reserves FA543040005 45.6 -4.1 -4.1 -4.1 -4.1 -4.1 -4.1 -4.1 10.8
Line 21 Pension entitlements FA543050005 90.7 129.6 -11.6 129.6 -11.5 -11.6 -11.6 -11.6 47.1
Line 22 Trade receivables FA543070005 8.2 6.7 -3.8 6.7 -3.8 -3.8 -3.8 -3.6 4.5
Line 23 U.S. direct investment abroad: intercompany debt FA543092375 0.1 -0.0 -0.1 0.8 0.4 -0.9 -0.3 0.4 0.4
Line 24 Miscellaneous assets FA543090005 137.8 35.1 170.1 167.5 89.3 276.2 251.9 62.9 38.0
Line 25 Balances due from holding company parents FA543094703 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Line 26 Deferred and unpaid life ins. premiums FA543077073 2.4 0.2 1.4 0.4 11.7 -1.7 -11.2 7.0 18.8
Line 27 Other reserves FA543095105 -0.2 4.6 -0.2 4.6 -0.2 -0.2 -0.2 -0.2 3.7
Line 28 Other FA543093005 135.7 30.4 168.8 162.5 77.8 278.1 263.3 56.1 15.5
Line 29 Net increase in liabilities and equity FA544194005 263.2 297.3 237.3 230.1 68.5 336.8 407.0 137.0 228.1
Line 30 Net increase in liabilities FA544190005 287.3 329.0 266.0 259.1 110.8 366.4 434.0 152.9 250.8
Line 31 Loans FA544141075 2.1 24.2 11.2 21.3 27.8 17.9 1.4 -2.1 104.2
Line 32 Security repurchase agreements FA542151073 -0.3 5.6 -5.7 5.7 12.0 -21.7 -8.7 -4.4 24.2
Line 33 Other loans and advances FA543169373 2.4 18.6 17.0 15.6 15.8 39.6 10.1 2.3 80.0
Line 34 Life insurance reserves FA543140005 18.5 65.5 -36.1 70.2 -48.3 -33.7 -31.2 -31.3 53.7
Line 35 Pension entitlements(2) FA543150005 115.3 133.8 25.2 148.7 -49.7 6.1 42.6 101.8 13.3
Line 36 Trade payables FA543170005 93.3 116.2 -13.8 116.2 -13.9 -13.9 -13.9 -13.7 32.2
Line 37 Taxes payable FA543178075 1.1 -1.8 0.4 -5.3 -0.8 -1.9 2.4 1.6 -1.9
Line 38 Foreign direct investment: intercompany debt FA543192375 -1.2 -0.0 -0.4 0.9 -0.6 -0.3 -0.8 -0.1 -0.7
Line 39 Miscellaneous liabilities FA543190005 58.2 -8.9 279.6 -92.9 196.2 392.1 433.6 96.7 49.9
Line 40 Other investment by holding company parent FA543194703 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Line 41 Funding agreements backing securities(3) FA673090543 12.3 30.9 59.3 26.9 52.4 84.2 84.7 15.9 42.2
Line 42 Other reserves(4) FA543195005 12.7 12.4 -0.8 16.1 -1.9 12.8 -4.7 -9.4 26.0
Line 43 Unallocated insurance contracts FA593095005 -26.2 1.8 3.3 2.3 5.0 4.5 -0.5 4.2 -2.2
Line 44 Other FA543193005 59.4 -54.0 217.8 -138.2 140.7 290.6 354.0 85.9 -16.2
Line 45 Net equity issues FA543181105 -24.0 -31.7 -28.7 -29.0 -42.3 -29.6 -27.0 -15.9 -22.7
Line 46 Corporate equity issues FA543164175 -24.0 -34.1 -24.7 -48.1 -35.9 -26.8 -20.4 -15.7 -20.5
Line 47 Foreign direct investment: equity FA543192173 -0.0 2.4 -4.0 19.1 -6.4 -2.8 -6.6 -0.2 -2.2
Line 48 Equity investment by holding company parent FA543194603 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Line 49 Discrepancy FA547005005 -8.3 -52.0 -33.4 -65.0 -74.9 -65.8 -16.1 23.0 -92.7
 
Memo:
Line 50 Securities lending(5) FA543200073 -1.1 4.9 13.1 18.7 18.2 16.3 -13.0 30.8 -23.9
Line 51 Direct reserve FA543176015 111.1 237.2 70.6 252.3 -18.6 111.1 106.1 83.7 175.7
Line 52 Reinsured to U.S. reinsurers FA543176025 33.0 15.9 -22.7 15.9 -22.7 -22.7 -22.8 -22.8 40.1
Line 53 Reinsured to non-U.S. reinsurers FA543076035 182.0 133.5 -23.0 133.5 -23.0 -23.0 -23.0 -23.0 60.9
Line 54 Reinsured from non-U.S. reinsurers FA543176035 -8.1 1.4 -0.0 1.4 0.0 0.0 -0.0 0.0 0.3

Notes:

  1. Additional detail on the financial assets and liabilities held in life insurer's general and separate accounts is available on life insurance companies: general accounts and life insurance companies: separate accounts tables (S1281.1.t and S1281.2.t).
  2. Annuity reserves held by life insurance companies, excluding unallocated contracts held by pension funds, which are shown on line 43.
  3. Equal to funding agreement-backed securities (FABS) issued by domestic issuers of asset-backed securities.
  4. Includes reserves for accident and health policies, policy dividend accumulation, and contract claims.
  5. Liability for securities lending collateral, included in line 45.
Last Update: June 11, 2026