L.116 Life Insurance Companies (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted
Description Series code 2019 2020 2021 2022 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 Line
Life insurance companies; total financial assets FL544090005 8514.5 9420.3 9862.8 8851.2 9409.5 8853.8 8616.8 8851.2 9138.0 1
Life insurance companies; checkable deposits and currency; asset FL543020005 94.7 127.7 119.3 115.5 111.1 114.7 115.8 115.5 118.8 2
Life insurance companies; money market fund shares; asset FL543034005 58.6 66.5 64.2 74.3 65.1 70.7 72.6 74.3 76.9 3
Life insurance companies, general accounts; security repurchase agreements, including those held by U.S. captive reinsurers; asset FL542051075 6.3 8.2 9.8 4.5 7.9 6.1 5.7 4.5 5.8 4
Life insurance companies; debt securities; asset LM544022005 4022.7 4431.1 4452.1 3796.4 4138.7 3870.6 3689.0 3796.4 3954.4 5
Life insurance companies; commercial paper; asset FL543069105 28.8 34.0 41.0 25.1 35.8 30.1 29.0 25.1 26.2 6
Life insurance companies; Treasury securities; asset LM543061105 215.3 240.7 231.4 178.4 209.6 193.4 183.9 178.4 182.9 7
Life insurance companies; agency- and GSE-backed securities; asset LM543061705 388.4 366.4 312.3 258.8 292.2 276.6 266.8 258.8 264.0 8
Life insurance companies; municipal securities; asset LM543062005 215.0 234.2 234.9 192.2 215.2 204.1 191.4 192.2 195.2 9
Life insurance companies; corporate and foreign bonds; asset LM543063005 3175.3 3555.8 3632.5 3141.8 3386.0 3166.3 3017.8 3141.8 3286.1 10
Life insurance companies; loans; asset FL544023005 780.8 808.2 858.3 925.5 878.4 897.2 912.2 925.5 938.3 11
Life insurance companies; other loans and advances; asset FL543069005 161.7 163.5 167.4 168.4 166.1 166.0 168.9 168.4 169.6 12
Life insurance companies; total mortgages; asset FL543065005 619.2 644.7 690.9 757.1 712.3 731.2 743.3 757.1 768.7 13
Life insurance companies; corporate equities; asset LM543064105 645.4 730.6 763.4 621.7 726.4 634.9 593.3 621.7 648.8 14
Life insurance companies; mutual fund shares; asset LM543064205 1598.1 1701.3 1842.9 1422.3 1695.5 1445.5 1355.8 1422.3 1471.0 15
Life insurance companies; trade receivables from insurers; liability FL543070005 108.0 130.4 140.5 136.6 139.5 138.6 137.6 136.6 135.8 16
Life insurance companies; life insurance reserve credit from reinsurers; asset FL543040005 257.1 262.7 284.9 279.3 283.5 282.1 280.7 279.3 282.7 17
Life insurance companies; pension entitlements reserve credit from reinsurers; asset FL543050005 199.5 291.3 380.0 484.2 406.0 432.0 458.0 484.2 496.2 18
Life insurance companies, general accounts; U.S. direct investment abroad (market value); asset LM543092073 85.3 92.4 83.0 21.0 65.8 42.8 29.2 21.0 22.2 19
Life insurance companies; total miscellaneous assets FL543090005 657.9 769.8 864.4 969.9 891.6 918.7 966.7 969.9 987.0 20
Life insurance companies; balances due from holding company parent; asset FL543094703 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 21
Life insurance companies, general accounts; equity in FHLB; asset FL543092473 5.2 7.8 9.1 8.1 9.6 9.1 8.5 8.1 7.8 22
Life insurance companies, general accounts; deferred and unpaid life insurance premiums; asset FL543077073 36.5 36.6 38.1 36.6 39.8 39.0 39.1 36.6 37.6 23
Life insurance companies; accident and health reserve credit from reinsurers; asset FL543095105 77.6 86.4 90.6 85.7 89.3 88.1 86.9 85.7 86.4 24
Life insurance companies; unidentified miscellaneous assets FL543093005 538.5 639.1 726.7 839.6 752.8 782.5 832.3 839.6 855.2 25
Life insurance companies; total liabilities FL544190005 7653.7 8383.1 8888.4 8582.8 8757.2 8478.7 8457.2 8582.8 8800.2 26
Life insurance companies, general accounts; security repurchase agreements; liability FL542151073 17.5 18.6 20.1 35.5 22.9 24.4 31.9 35.5 33.8 27
Life insurance companies, general accounts; FHLB advances; liability FL543169373 88.7 103.9 110.8 132.4 121.9 129.2 132.2 132.4 139.0 28
Life insurance companies; trade payables to insurers; liability FL543170005 199.9 288.1 355.0 371.2 359.1 363.0 367.1 371.2 369.1 29
Life insurance companies; life insurance reserves; liability FL543140005 2122.4 2248.9 2344.0 2345.1 2337.7 2313.9 2317.6 2345.1 2382.6 30
Life insurance companies; pension entitlements, including reserve credit from reinsurers and excluding unallocated insurance contracts; liability (2) FL543150005 3504.0 3794.0 4008.2 3723.5 3879.6 3658.8 3617.2 3723.5 3836.9 31
Life insurance companies, general accounts; total taxes payable; liability FL543178075 6.4 7.5 7.0 5.9 6.1 5.1 5.2 5.9 6.4 32
Life insurance companies, general accounts; foreign direct investment in U.S.: intercompany debt; liability (market value) LM543192375 12.8 13.1 12.1 6.7 10.3 8.3 7.4 6.7 3.1 33
Life insurance companies; total miscellaneous liabilities FL543190005 1702.0 1908.9 2031.2 1962.4 2019.7 1976.0 1978.5 1962.4 2029.2 34
Life insurance companies; equity investment by parent holding company; liability FL543194603 5.8 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 35
Life insurance companies; other investment by holding company parent; liability FL543194703 0.2 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 36
Issuers of asset-backed securities; funding agreements backing securities; asset (3) FL673090543 91.8 114.9 155.4 173.7 169.9 172.0 171.3 173.7 175.8 37
Life insurance companies; insurance reserves, excluding life insurance reserves and pension entitlements; liability (4) FL543195005 426.6 445.8 462.8 465.5 464.7 462.4 464.1 465.5 472.0 38
Pension funds; unallocated insurance contracts; asset FL593095005 826.0 889.6 944.8 904.9 928.0 896.2 886.1 904.9 926.0 39
Life insurance companies; unidentified miscellaneous liabilities FL543193005 351.7 458.6 468.1 418.3 457.0 445.4 457.0 418.3 455.3 40
Life insurance companies, general accounts; foreign direct investment in U.S.: equity; liability (market value) LM543192173 198.5 265.2 313.5 140.9 264.7 181.9 150.3 140.9 160.7 41
Life insurance companies, general accounts; securities lending; liability (5) FL543200073 44.7 48.1 54.5 41.7 56.8 50.3 44.1 41.7 43.5 42
Life insurance companies; direct reserve credit; liability FL543176015 6584.4 7099.6 7477.2 7180.9 7347.4 7075.9 7027.7 7180.9 7356.7 43
Life insurance companies; reserve credit reinsured to U.S. reinsurers; liability FL543176025 733.6 860.9 917.1 968.0 927.3 930.6 943.4 968.0 987.3 44
Life insurance companies; reserve credit reinsured to non-U.S. reinsurers; asset FL543076035 460.6 549.1 689.8 808.9 719.5 748.4 777.9 808.9 826.1 45
Life insurance companies; reserve credit reinsured from non-U.S. reinsurers; liability FL543176035 27.0 5.4 2.3 10.8 4.4 6.6 8.7 10.8 11.0 46

NOTES

  1. Additional detail on the financial assets and liabilities held in life insurer's general and separate accounts is available on tables L.116.g and L.116.s.
  2. Annuity reserves held by life insurance companies, excluding unallocated contracts held by pension funds, which are shown on line 37.
  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 38.
Last Update: June 8, 2023