Financial Accounts of the United States - Z.1
S128.i.a Insurance companies 🕮 PDF
| Line | Description | Series | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current account | |||||||||||
| Line 1 | Gross value added | FA526902505 | 382.3 | 402.6 | 444.9 | 430.0 | 412.3 | 466.4 | 500.8 | 547.2 | |
| Line 2 | Less: Consumption of fixed capital | FA526330081 | 35.1 | 36.9 | 39.6 | 43.4 | 48.4 | 52.9 | 55.8 | 59.6 | |
| Line 3 | Equals: Net value added | FA526902605 | 347.2 | 365.6 | 405.3 | 386.6 | 363.9 | 413.5 | 445.0 | 487.6 | |
| Line 4 | Compensation of employees (paid) | FA526025005 | 150.4 | 155.5 | 163.0 | 172.6 | 170.9 | 180.5 | 186.3 | 195.4 | |
| Line 5 | Wages and salaries | FA526020001 | 127.3 | 131.5 | 139.0 | 148.6 | 147.0 | 155.5 | 159.5 | 167.3 | |
| Line 6 | Employers' social contributions | FA526401001 | 23.1 | 24.0 | 24.0 | 23.9 | 23.9 | 25.0 | 26.8 | 28.1 | |
| Line 7 | Taxes on production and imports less subsidies | FA526240101 | 29.3 | 44.5 | 32.8 | 48.7 | 35.5 | 39.2 | 43.4 | 46.5 | |
| Line 8 | Operating surplus, net | FA526402101 | 167.6 | 165.6 | 209.4 | 165.3 | 157.6 | 193.8 | 215.3 | 245.8 | |
| Line 9 | Net national income/Balance of primary incomes, net | FA526140005 | 83.5 | 92.3 | 167.1 | 83.8 | 67.8 | 99.2 | 190.3 | 227.4 | |
| Line 10 | Operating surplus, net | FA526402101 | 167.6 | 165.6 | 209.4 | 165.3 | 157.6 | 193.8 | 215.3 | 245.8 | |
| Line 11 | Property income (received) | FA526150105 | 279.6 | 301.5 | 323.4 | 275.0 | 280.3 | 295.4 | 394.3 | 419.9 | |
| Line 12 | Interest | FA526130101 | 256.3 | 257.8 | 280.9 | 239.8 | 250.9 | 272.4 | 331.4 | 371.9 | |
| Line 13 | Distributed income of corporations (dividends) | FA526121101 | 18.2 | 48.3 | 36.5 | 21.5 | 15.7 | 17.7 | 18.5 | 19.6 | |
| Line 14 | Reinvested earnings on U.S. direct investment abroad | FA523092281 | 5.1 | -4.6 | 6.0 | 13.8 | 13.7 | 5.3 | 44.4 | 28.4 | |
| Line 15 | Less: Uses of property income (paid) | FA526150005 | 363.7 | 374.8 | 365.7 | 356.6 | 370.1 | 390.1 | 419.3 | 438.2 | |
| Line 16 | Interest | FA526130001 | 331.4 | 340.0 | 339.9 | 336.2 | 336.2 | 345.5 | 381.5 | 392.9 | |
| Line 17 | Distributed income of corporations | FA526120005 | 32.0 | 27.0 | 23.4 | 20.3 | 29.2 | 24.5 | 31.4 | 32.5 | |
| Line 18 | Dividends | FA526121001 | 28.7 | 23.6 | 20.8 | 18.8 | 27.3 | 22.7 | 29.1 | 29.8 | |
| Line 19 | Withdrawals from income of quasi-corporations(1) | FA526122001 | 3.3 | 3.4 | 2.6 | 1.4 | 1.9 | 1.8 | 2.3 | 2.7 | |
| Line 20 | Reinvested earnings on foreign direct investment | FA523192281 | 0.2 | 7.8 | 2.4 | 0.1 | 4.7 | 20.2 | 6.4 | 12.9 | |
| Line 21 | Rents on land and natural resources | FA526112001 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |
| Line 22 | Net national income/Balance of primary incomes, net | FA526140005 | 83.5 | 92.3 | 167.1 | 83.8 | 67.8 | 99.2 | 190.3 | 227.4 | |
| Line 23 | Less: Current taxes on income, wealth, etc. (paid) | FA526220001 | 25.7 | 29.5 | 29.0 | 27.3 | 34.0 | 29.4 | 25.1 | 27.8 | |
| Line 24 | Less: Other current transfers (paid) | FA526403001 | -19.4 | -11.1 | 21.3 | -7.4 | -14.8 | 36.8 | 86.8 | 125.2 | |
| Line 25 | Equals: Disposable income, net | FA526012005 | 77.2 | 73.8 | 116.7 | 63.9 | 48.6 | 32.9 | 78.4 | 74.4 | |
| Line 26 | Equals: Net saving | FA526012005 | 77.2 | 73.8 | 116.7 | 63.9 | 48.6 | 32.9 | 78.4 | 74.4 | |
| Capital account | |||||||||||
| Line 27 | Net saving less capital transfers | FA526006385 | 20.7 | 56.9 | 116.7 | 63.9 | 25.9 | 8.4 | 78.4 | 51.3 | |
| Line 28 | Net saving | FA526012005 | 77.2 | 73.8 | 116.7 | 63.9 | 48.6 | 32.9 | 78.4 | 74.4 | |
| Line 29 | Less: Capital transfers paid (net) | FA525440083 | 56.5 | 16.9 | 0.0 | 0.0 | 22.7 | 24.5 | 0.0 | 23.1 | |
| Line 30 | Capital formation, net | FA525015085 | 7.4 | 7.2 | 7.7 | 13.8 | 13.8 | 2.4 | 6.3 | 8.2 | |
| Line 31 | Gross fixed capital formation (nonresidential) | FA525013081 | 42.5 | 44.1 | 47.3 | 57.2 | 62.1 | 55.3 | 62.2 | 67.8 | |
| Line 32 | Less: Consumption of fixed capital | FA526330081 | 35.1 | 36.9 | 39.6 | 43.4 | 48.4 | 52.9 | 55.8 | 59.6 | |
| Line 33 | Net lending (+) or borrowing (-), capital account (lines 27-30) | FA525000995 | 13.2 | 49.8 | 109.1 | 50.1 | 12.2 | 6.0 | 72.1 | 43.0 | |
| Financial account | |||||||||||
| Line 34 | Net lending (+) or borrowing (-) (line 33) | FA525000995 | 13.2 | 49.8 | 109.1 | 50.1 | 12.2 | 6.0 | 72.1 | 43.0 | |
| Line 35 | Net acquisition of financial assets | FA524090005 | 233.8 | 205.2 | 285.3 | 521.3 | 320.4 | 435.2 | 482.4 | 431.6 | |
| Line 36 | Currency and deposits | FA523020005 | 22.3 | -2.2 | 21.6 | 36.0 | 14.0 | -26.2 | 32.8 | 9.4 | |
| Line 37 | Debt securities | FA524022005 | 120.6 | 137.3 | 156.7 | 239.8 | 243.7 | 258.2 | 168.5 | 428.1 | |
| Line 38 | Open market paper | FA523069105 | -17.6 | -7.2 | -4.0 | 4.4 | 2.7 | -16.2 | 7.2 | 4.7 | |
| Line 39 | Treasury securities | FA523061105 | 33.4 | -21.8 | -13.6 | 5.9 | 28.8 | 32.0 | 46.6 | 112.3 | |
| Line 40 | Agency- and GSE-backed securities(2) | FA523061705 | 12.8 | 21.7 | 4.8 | -40.8 | -51.5 | -4.7 | 26.9 | 41.0 | |
| Line 41 | Municipal securities | FA523062005 | -3.4 | -41.6 | -5.6 | 20.3 | -1.9 | -3.7 | -39.0 | -24.9 | |
| Line 42 | Corporate and foreign bonds | FA523063005 | 95.5 | 186.2 | 175.2 | 250.0 | 265.7 | 250.8 | 126.7 | 294.9 | |
| Line 43 | Loans | FA524035005 | 44.4 | 61.6 | 59.0 | 26.9 | 56.1 | 68.7 | 44.2 | 77.1 | |
| Line 44 | Short-term | FA524041005 | -0.8 | -4.0 | 3.7 | 2.1 | 5.1 | -3.9 | -3.5 | 10.4 | |
| Line 45 | Long-term (mortgages) | FA523065005 | 45.3 | 65.6 | 55.2 | 24.9 | 51.0 | 72.6 | 47.8 | 66.6 | |
| Line 46 | Equity and investment fund shares | FA523081005 | -56.9 | -104.0 | -80.6 | -81.9 | -184.3 | -87.8 | -154.9 | -293.0 | |
| Line 47 | Corporate equities | FA523064105 | 4.3 | -24.1 | -4.2 | -23.8 | -76.3 | -40.5 | -130.8 | -180.9 | |
| Line 48 | Money market fund shares | FA523034005 | 7.8 | 9.4 | 6.3 | 17.8 | -5.4 | 21.7 | 29.2 | 10.5 | |
| Line 49 | Mutual fund shares | FA523064205 | -74.9 | -88.8 | -87.5 | -99.2 | -139.3 | -86.4 | -111.9 | -129.3 | |
| Line 50 | Hedge fund shares | FA543064773 | -2.2 | -2.4 | -5.3 | -7.0 | 8.1 | -2.7 | -4.8 | 9.8 | |
| Line 51 | Private debt fund shares | FA543064570 | 2.5 | 5.2 | 3.1 | 7.3 | 12.0 | 14.3 | 14.9 | 8.7 | |
| Line 52 | Equity in government-sponsored enterprises(2) | FA523092405 | 0.4 | 0.5 | 0.6 | 3.1 | 1.1 | -1.3 | 0.8 | 1.7 | |
| Line 53 | U.S. direct investment abroad: equity | FA523092105 | 5.2 | -3.8 | 6.4 | 20.0 | 15.5 | 7.1 | 47.7 | -13.5 | |
| Line 54 | Insurance, pension and standardized guarantee schemes | FA523052005 | 84.9 | 79.1 | 29.7 | 109.9 | 143.7 | 119.3 | 153.6 | 156.5 | |
| Line 55 | Other accounts receivable | FA523096005 | 18.4 | 33.4 | 99.0 | 190.6 | 47.2 | 103.0 | 238.1 | 53.6 | |
| Line 56 | Net incurrence of liabilities | FA524194005 | 211.8 | 129.9 | 211.3 | 495.6 | 279.2 | 352.3 | 434.3 | 404.1 | |
| Line 57 | Loans (short-term) | FA524141005 | 6.4 | 9.4 | 1.4 | 23.1 | 5.3 | 36.2 | 4.3 | 23.1 | |
| Line 58 | Equity and investment fund shares | FA523181105 | -25.6 | -12.3 | -17.1 | -25.3 | -25.8 | -15.9 | -29.1 | -25.3 | |
| Line 59 | Corporate equity issues | FA523164105 | -28.9 | -21.2 | -23.0 | -18.3 | -35.4 | -46.6 | -35.6 | -42.3 | |
| Line 60 | Foreign direct investment in the U.S.: equity | FA523192105 | 0.8 | 19.1 | 5.2 | 0.2 | 8.5 | 29.8 | 6.5 | 17.3 | |
| Line 61 | Equity investment by parent | FA523194605 | 2.5 | -10.1 | 0.7 | -7.2 | 1.1 | 0.9 | 0.1 | -0.3 | |
| Line 62 | Insurance, pension and standardized guarantee schemes | FA523152005 | 154.0 | 155.3 | 121.0 | 260.8 | 145.6 | 321.3 | 224.0 | 340.3 | |
| Line 63 | Other accounts payable | FA523196005 | 77.0 | -22.5 | 106.0 | 237.1 | 154.1 | 10.7 | 235.0 | 66.1 | |
| Addendum: | |||||||||||
| Line 64 | Net lending (+) or borrowing (-), financial account (lines 35-56) | FA525000005 | 22.0 | 75.2 | 74.0 | 25.7 | 41.3 | 82.9 | 48.1 | 27.5 | |
| Other changes in volume account | |||||||||||
| Line 65 | Total other volume changes | FV528090185 | -42.5 | 48.7 | -12.3 | -37.7 | 40.2 | 98.5 | 30.7 | -2.4 | |
| Line 66 | Disaster losses | FV522010095 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |
| Line 67 | Other volume changes | FV528090085 | -51.2 | 23.2 | 22.8 | -13.3 | 11.1 | 21.6 | 54.6 | 13.1 | |
| Line 68 | Less: Statistical discrepancy (lines 33-64)(3) | FU527005045 | -8.7 | -25.5 | 35.1 | 24.4 | -29.1 | -76.9 | 24.0 | 15.6 | |
| Revaluation account | |||||||||||
| Line 69 | Nonfinancial assets | FR522010095 | 4.2 | 8.0 | 5.4 | 3.1 | 33.8 | 43.4 | 1.0 | 7.9 | |
| Line 70 | Structures (nonresidential) | FR525013665 | 4.1 | 8.3 | 6.5 | 2.7 | 31.8 | 39.5 | -0.1 | 4.2 | |
| Line 71 | Equipment | FR525013265 | 0.2 | 0.5 | -0.3 | 0.4 | 3.2 | 3.5 | 1.4 | 1.2 | |
| Line 72 | Intellectual property products | FR525013765 | -0.2 | -0.7 | -0.8 | 0.1 | -1.3 | 0.3 | -0.2 | 2.5 | |
| Line 73 | Financial assets | FR524090005 | 485.6 | -412.5 | 1006.9 | 496.8 | 407.3 | -1653.9 | 701.2 | 395.9 | |
| Line 74 | Debt securities | FR524022005 | 104.4 | -200.0 | 448.3 | 126.5 | -172.3 | -992.1 | 171.9 | -62.8 | |
| Line 75 | Corporate equities | FR523064105 | 125.8 | -82.0 | 215.7 | 134.9 | 239.6 | -219.2 | 231.7 | 235.0 | |
| Line 76 | Mutual fund shares | FR523064205 | 210.7 | -83.8 | 286.8 | 204.2 | 284.8 | -339.5 | 235.2 | 201.4 | |
| Line 77 | Hedge fund shares | FR543064773 | 8.4 | -2.0 | 10.7 | 10.5 | 9.0 | -5.8 | 11.2 | 13.8 | |
| Line 78 | Private debt fund shares | FR543064570 | 0.1 | -0.8 | 0.6 | 0.5 | 1.9 | -3.4 | 1.6 | -0.0 | |
| Line 79 | U.S. direct investment abroad: equity | FR523092105 | 35.8 | -43.8 | 44.8 | 20.1 | 44.1 | -93.7 | 49.9 | 8.4 | |
| Line 80 | Insurance, pension and standardized guarantee schemes | FR523052005 | 0.0 | -0.1 | 0.5 | 0.1 | 0.2 | -0.2 | 0.1 | 0.1 | |
| Line 81 | Other accounts receivable | FR523096005 | 0.3 | -0.0 | -0.3 | -0.0 | -0.0 | 0.0 | -0.4 | -0.1 | |
| Line 82 | Liabilities | FR524194005 | 515.4 | -212.4 | 633.9 | 206.4 | 677.2 | -589.5 | 540.2 | 714.9 | |
| Line 83 | Corporate equity issues | FR523164105 | 180.9 | -46.3 | 132.4 | -41.8 | 250.8 | 60.0 | 167.2 | 378.2 | |
| Line 84 | Foreign direct investment in the U.S.: equity | FR523192105 | 39.5 | -41.4 | 88.0 | -59.4 | 65.5 | -99.4 | 19.4 | 37.8 | |
| Line 85 | Equity investment by parent | FR523194605 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |
| Line 86 | Insurance, pension and standardized guarantee schemes | FR523152005 | 284.5 | -121.6 | 402.2 | 298.2 | 349.6 | -530.7 | 346.3 | 289.8 | |
| Line 87 | Other accounts payable | FR523196005 | 10.5 | -3.1 | 11.3 | 9.4 | 11.3 | -19.4 | 7.4 | 9.1 | |
| Line 88 | Changes in net worth due to nominal holding gains/losses | FR522090095 | -25.7 | -192.1 | 378.4 | 293.4 | -236.1 | -1020.9 | 162.1 | -311.1 | |
| Changes in balance sheet account | |||||||||||
| Line 89 | Change in net worth (lines 30+33+65+88) | FC522090095 | -47.5 | -86.5 | 482.8 | 319.7 | -170.0 | -914.0 | 271.2 | -262.3 | |
| Balance sheet account (end of period) | |||||||||||
| Line 90 | Total assets | FL522000095 | 10858.6 | 10667.4 | 12017.8 | 13064.0 | 13831.4 | 12585.6 | 13826.5 | 14681.4 | |
| Line 91 | Nonfinancial assets(4) | LM522010095 | 283.8 | 299.8 | 314.5 | 333.5 | 381.5 | 428.4 | 436.9 | 454.5 | |
| Line 92 | Structures (nonresidential) | LM525013665 | 167.2 | 174.8 | 180.5 | 184.3 | 215.6 | 252.3 | 249.1 | 250.1 | |
| Line 93 | Equipment | LM525013265 | 55.8 | 59.7 | 61.6 | 66.2 | 73.6 | 77.1 | 79.0 | 82.4 | |
| Line 94 | Intellectual property products | LM525013765 | 60.8 | 65.3 | 72.4 | 82.9 | 92.3 | 99.0 | 108.9 | 122.0 | |
| Line 95 | Financial assets | FL524090005 | 10574.8 | 10367.6 | 11703.3 | 12730.5 | 13449.9 | 12157.2 | 13389.5 | 14226.9 | |
| Line 96 | Currency and deposits | FL523020005 | 125.4 | 123.3 | 144.8 | 180.8 | 194.8 | 168.6 | 201.5 | 210.9 | |
| Line 97 | Debt securities | LM524022005 | 4792.8 | 4730.2 | 5335.1 | 5701.4 | 5772.9 | 5038.9 | 5379.3 | 5744.5 | |
| Line 98 | Open market paper | FL523069105 | 50.4 | 43.2 | 39.2 | 43.6 | 46.3 | 30.1 | 37.3 | 42.0 | |
| Line 99 | Treasury securities | LM523061105 | 384.4 | 366.2 | 374.8 | 404.7 | 422.4 | 392.8 | 445.6 | 549.8 | |
| Line 100 | Agency- and GSE-backed securities(2) | LM523061705 | 512.7 | 502.0 | 548.9 | 526.1 | 459.7 | 387.5 | 425.0 | 458.6 | |
| Line 101 | Municipal securities | LM523062005 | 543.0 | 487.5 | 507.0 | 540.0 | 530.8 | 440.0 | 415.1 | 377.6 | |
| Line 102 | Corporate and foreign bonds | LM523063005 | 3302.3 | 3331.2 | 3865.3 | 4187.0 | 4313.6 | 3788.6 | 4056.3 | 4316.5 | |
| Line 103 | Loans | FL524035005 | 718.4 | 780.0 | 838.9 | 865.9 | 922.0 | 990.7 | 1034.9 | 1112.0 | |
| Line 104 | Short-term | FL524041005 | 177.8 | 173.8 | 177.6 | 179.7 | 184.8 | 180.9 | 177.3 | 187.8 | |
| Line 105 | Long-term (mortgages) | FL523065005 | 540.6 | 606.1 | 661.4 | 686.2 | 737.2 | 809.8 | 857.6 | 924.2 | |
| Line 106 | Equity and investment fund shares | FL523081005 | 3088.3 | 2772.1 | 3293.4 | 3590.9 | 3977.6 | 3154.4 | 3577.7 | 3753.2 | |
| Line 107 | Corporate equities | LM523064105 | 1071.4 | 965.3 | 1176.7 | 1287.9 | 1451.2 | 1191.4 | 1292.3 | 1346.5 | |
| Line 108 | Money market fund shares | FL523034005 | 68.7 | 78.1 | 84.4 | 102.1 | 96.7 | 118.4 | 147.7 | 158.2 | |
| Line 109 | Mutual fund shares | LM523064205 | 1594.4 | 1421.8 | 1621.1 | 1726.1 | 1871.6 | 1445.7 | 1569.0 | 1641.0 | |
| Line 110 | Hedge fund shares | LM543064773 | 83.3 | 78.9 | 84.2 | 87.7 | 104.9 | 96.4 | 102.9 | 126.5 | |
| Line 111 | Private debt fund shares | LM543064570 | 19.8 | 24.3 | 27.9 | 35.7 | 49.6 | 60.5 | 77.0 | 85.6 | |
| Line 112 | Equity in government-sponsored enterprises(2) | FL523092405 | 4.3 | 4.8 | 5.4 | 8.5 | 9.6 | 8.4 | 9.2 | 10.9 | |
| Line 113 | U.S. direct investment abroad: equity | FL523092105 | 246.5 | 199.0 | 293.6 | 342.9 | 394.0 | 233.5 | 379.8 | 384.6 | |
| Line 114 | Insurance, pension and standardized guarantee schemes | FL523052005 | 780.6 | 859.6 | 889.8 | 999.9 | 1143.7 | 1262.7 | 1416.4 | 1573.0 | |
| Line 115 | Other accounts receivable | FL523096005 | 1069.1 | 1102.5 | 1201.2 | 1391.7 | 1438.9 | 1541.9 | 1779.7 | 1833.3 | |
| Line 116 | Total liabilities and net worth | FL522100005 | 10858.6 | 10667.4 | 12017.8 | 13064.0 | 13831.4 | 12585.6 | 13826.5 | 14681.4 | |
| Line 117 | Liabilities | FL524194005 | 10306.3 | 10201.6 | 11069.2 | 11795.8 | 12733.1 | 12401.4 | 13371.0 | 14488.2 | |
| Line 118 | Loans (short-term) | FL524141005 | 102.1 | 111.6 | 113.0 | 136.0 | 141.3 | 177.6 | 181.9 | 205.0 | |
| Line 119 | Equity and investment fund shares | FL523181105 | 1410.3 | 1288.1 | 1513.7 | 1411.8 | 1683.3 | 1533.5 | 1686.1 | 2074.9 | |
| Line 120 | Corporate equity issues | LM523164105 | 1066.4 | 998.9 | 1108.2 | 1048.1 | 1263.5 | 1276.9 | 1408.4 | 1751.1 | |
| Line 121 | Foreign direct investment in the U.S.: equity | FL523192105 | 324.8 | 280.3 | 395.8 | 361.2 | 416.2 | 252.1 | 273.1 | 319.4 | |
| Line 122 | Equity investment by parent | FL523194605 | 19.1 | 9.0 | 9.7 | 2.5 | 3.6 | 4.5 | 4.6 | 4.3 | |
| Line 123 | Insurance, pension and standardized guarantee schemes | FL523152005 | 7787.0 | 7820.7 | 8343.9 | 8902.9 | 9398.2 | 9188.7 | 9758.9 | 10389.1 | |
| Line 124 | Other accounts payable | FL523196005 | 1006.9 | 981.3 | 1098.6 | 1345.1 | 1510.4 | 1501.7 | 1744.1 | 1819.3 | |
| Line 125 | Net worth | FL522090095 | 552.3 | 465.8 | 948.6 | 1268.2 | 1098.2 | 184.2 | 455.4 | 193.2 | |
Notes:
- Consists of rental income of tenant-occupied housing and proprietors' income. Quasi-corporations are unincorporated enterprises that function as if they were corporations; they primarily cover their operating costs through sales, and they keep a complete set of financial records.
- Government-sponsored enterprises (GSEs) consist of Federal Home Loan Banks, Fannie Mae, Freddie Mac, Federal Agricultural Mortgage Corporation, Farm Credit System, the Financing Corporation, and the Resolution Funding Corporation, and they included the Student Loan Marketing Association until it was fully privatized in 2004:Q4.
- The statistical discrepancy is the difference between net lending or net borrowing derived in the capital account and the same concept derived in the financial account. The discrepancy reflects differences in source data, timing of recorded transactions, and other statistical differences between the capital and financial accounts.
- Excludes land.
Last Update: September 11, 2026