Financial Accounts of the United States - Z.1
F.116 Life insurance companies1
Billions of dollars; quarterly figures are seasonally adjusted annual rates
| Line | Description | Series | 2023 | 2024 | 2025 | 2024:Q3 | 2024:Q4 | 2025:Q1 | 2025:Q2 | 2025:Q3 | 2025:Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Line 1 | Gross saving less net capital transfers paid2 | FA546000105 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 2 | Fixed nonresidential investment | FA545013005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 3 | Net acquisition of financial assets | FA544090005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 4 | Checkable deposits and currency | FA543020005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 5 | Money market fund shares | FA543034005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 6 | Security repurchase agreements | FA542051075 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 7 | Debt securities | FA544022005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 8 | Open market paper | FA543069105 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 9 | Treasury securities | FA543061105 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 10 | Agency- and GSE-backed securities | FA543061705 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 11 | Municipal securities | FA543062005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 12 | Corporate and foreign bonds | FA543063005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 13 | Loans | FA544023005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 14 | Other loans and advances | FA543069005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 15 | Mortgages | FA543065005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 16 | U.S. direct investment abroad: intercompany debt | FA543092375 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 17 | Corporate equities | FA543064105 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 18 | U.S. direct investment abroad: equity | FA543092173 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 19 | Equity in FHLB | FA543092473 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 20 | Mutual fund shares | FA543064205 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 21 | Life insurance reserves | FA543040005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 22 | Pension entitlements | FA543050005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 23 | Trade receivables | FA543070005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 24 | Miscellaneous assets | FA543090005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 25 | Balances due from holding company parents | FA543094703 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 26 | Deferred and unpaid life ins. premiums | FA543077073 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 27 | Other reserves | FA543095105 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 28 | Other | FA543093005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 29 | Net increase in liabilities and equity | FA544194005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 30 | Net increase in liabilities | FA544190005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 31 | Security repurchase agreements | FA542151073 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 32 | Loans (other loans and advances) | FA543169373 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 33 | Foreign direct investment: intercompany debt | FA543192375 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 34 | Life insurance reserves | FA543140005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 35 | Pension entitlements3 | FA543150005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 36 | Trade payables | FA543170005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 37 | Taxes payable | FA543178075 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 38 | Miscellaneous liabilities | FA543190005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 39 | Other investment by holding company parent | FA543194703 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 40 | Funding agreements backing securities4 | FA673090543 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 41 | Other reserves5 | FA543195005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 42 | Unallocated insurance contracts | FA593095005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 43 | Other | FA543193005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 44 | Net equity issues | FA543181105 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 45 | Corporate equity issues | FA543164175 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 46 | Foreign direct investment: equity | FA543192173 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 47 | Equity investment by holding company parent | FA543194603 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 48 | Discrepancy | FA547005005 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Memo: | |||||||||||
| Line 49 | Securities lending6 | FA543200073 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 50 | Direct reserve | FA543176015 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 51 | Reinsured to U.S. reinsurers | FA543176025 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 52 | Reinsured to non-U.S. reinsurers | FA543076035 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Line 53 | Reinsured from non-U.S. reinsurers | FA543176035 | -- | -- | -- | -- | -- | -- | -- | -- | -- |
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 41.
- 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: March 9, 2026