F.116 Life Insurance Companies (1)
Billions of dollars; quarterly figures are seasonally adjusted annual rates
Description Series code 2021 2022 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 Line
Life insurance companies; gross saving including foreign earnings retained abroad less net capital transfers paid (2) FA546000105 -3.7 16 6.8 22 18.4 16.8 17.1 17.6 18 1
Life insurance companies; gross fixed investment, nonresidential structures, equipment, and intellectual property products FA545013005 33.9 38.1 36.8 37.8 38.8 39.2 40.1 40.5 40.8 2
Life insurance companies; total financial assets FA544090005 196 316.9 345.9 340.4 457 124.2 313.6 345.3 207.9 3
Life insurance companies; checkable deposits and currency; asset FA543020005 -8.3 -3.8 -32.8 14.1 4.7 -1.4 13.3 63 -40.8 4
Life insurance companies; money market fund shares; asset FA543034005 -2.3 10.1 3.8 22.5 7.4 6.9 10.4 32.9 -16.6 5
Life insurance companies, general accounts; security repurchase agreements, including those held by U.S. captive reinsurers; asset FA542051075 1.6 -5.2 -7.5 -7.3 -1.4 -4.8 5.1 3 1.8 6
Life insurance companies; debt securities; asset FA544022005 171.2 177.7 216 136.6 229.6 128.6 229.6 123 114.2 7
Life insurance companies; commercial paper; asset FA543069105 7 -15.8 -24 -26.7 -2.1 -10.5 0.6 3.4 6.7 8
Life insurance companies; Treasury securities; asset FA543061105 -2.6 -5.5 -17.2 -13.8 17.7 -8.9 0.5 22.3 6 9
Life insurance companies; agency- and GSE-backed securities; asset FA543061705 -42.3 -16.3 -14.5 -27 7 -30.6 3.2 19.1 11.5 10
Life insurance companies; municipal securities; asset FA543062005 1 4.4 4.7 10.4 5.3 -3 -3.1 -10 -3.7 11
Life insurance companies; corporate and foreign bonds; asset FA543063005 208 210.9 266.9 193.7 201.6 181.6 228.4 88.2 93.6 12
Life insurance companies; loans; asset FA544023005 50.1 67.2 83.6 80.1 56.5 48.5 53.7 58.6 47.4 13
Life insurance companies; other loans and advances; asset FA543069005 3.9 1 -5.2 -0.5 11.8 -2.2 4.8 -1 4.4 14
Life insurance companies; total mortgages; asset FA543065005 46.2 66.2 88.8 80.6 44.6 50.7 48.9 59.6 42.9 15
Life insurance companies, general accounts; U.S. direct investment abroad: intercompany debt (market value) FA543092375 -0.7 -0.2 -0.8 0.7 -1.1 0.5 0.4 -0.3 0.1 16
Life insurance companies; corporate equities; asset FA543064105 -78.2 -2.2 16 25.1 -16.7 -33.1 -19.9 -13.7 -54.6 17
Life insurance companies, general accounts; U.S. direct investment abroad: equity (market value) FA543092173 0 1.9 3.9 -4.5 4.3 3.7 24 2.6 20.4 18
Life insurance companies, general accounts; equity in FHLB; asset FA543092473 1.3 -1 2.2 -2.2 -2.4 -1.7 -1.1 2.4 1.4 19
Life insurance companies; mutual fund shares; asset FA543064205 -137.6 -87.8 -124.9 -105.2 -72.7 -48.6 -128.4 -111.8 -112.5 20
Life insurance companies; life insurance reserve credit from reinsurers; asset FA543040005 22.2 -5.6 -5.6 -5.6 -5.6 -5.6 13.5 8.2 4.5 21
Life insurance companies; pension entitlements reserve credit from reinsurers; asset FA543050005 88.5 104.5 104.5 104.5 104.5 104.5 47.6 19 97.5 22
Life insurance companies; trade receivables from insurers; liability FA543070005 10.1 -3.9 -3.9 -4 -3.9 -3.9 3.7 12.7 35.3 23
Life insurance companies; total miscellaneous assets FA543090005 78.1 65.4 91.4 85.6 153.9 -69.4 61.7 145.8 109.7 24
Life insurance companies; balances due from holding company parent; asset FA543094703 0 0 0 0 0 0 0 0 0 25
Life insurance companies, general accounts; deferred and unpaid life insurance premiums; asset FA543077073 1.5 -1.5 7 -3.2 0.1 -9.8 4.1 0.1 2.8 26
Life insurance companies; accident and health reserve credit from reinsurers; asset FA543095105 4.1 -4.9 -4.9 -4.9 -4.9 -4.9 2.9 2.3 1.6 27
Life insurance companies; unidentified miscellaneous assets FA543093005 72.5 71.7 89.2 93.7 158.7 -54.8 54.7 143.3 105.4 28
Life insurance companies; total liabilities and equity FA544194005 125.6 215.2 234.6 215.4 398.3 12.4 357.8 317 166.4 29
Life insurance companies; total liabilities FA544190005 149.5 239.3 263 256.3 421 16.8 371.9 333 183.4 30
Life insurance companies, general accounts; security repurchase agreements; liability FA542151073 1.5 15.4 11.3 5.8 30.1 14.5 -6.9 17.3 10.4 31
Life insurance companies, general accounts; FHLB advances; liability FA543169373 6.8 21.7 44.7 29 12.3 0.7 26.4 -13.9 11 32
Life insurance companies, general accounts; foreign direct investment in U.S.: intercompany debt; liability (market value) FA543192375 -0.8 -4.7 -4.7 -6.9 -3.6 -3.8 -0.1 0.8 4.5 33
Life insurance companies; life insurance reserves; liability FA543140005 48 72.1 76.9 84.5 81.9 45.1 82.7 69.2 14.6 34
Life insurance companies; pension entitlements, including reserve credit from reinsurers and excluding unallocated insurance contracts; liability (3) FA543150005 -31.1 109.9 60.5 97.6 188.5 92.8 129.6 169.1 8.5 35
Life insurance companies; trade payables to insurers; liability FA543170005 66.8 16.3 16.3 16.3 16.3 16.4 16.6 25.5 43.7 36
Life insurance companies, general accounts; total taxes payable; liability FA543178075 -0.5 -1.1 -3.6 -4 0.3 2.9 1.9 -3.2 3.5 37
Life insurance companies; total miscellaneous liabilities FA543190005 58.7 9.8 61.6 33.9 95.1 -151.6 121.7 68.2 87.2 38
Life insurance companies; other investment by holding company parent; liability FA543194703 0 0 0 0 0 0 0 0 0 39
Issuers of asset-backed securities; funding agreements backing securities; asset (4) FA673090543 40.5 18.3 58 8.4 -3 9.9 8.3 10.1 15.9 40
Life insurance companies; insurance reserves, excluding life insurance reserves and pension entitlements; liability (5) FA543195005 17 2.7 7.6 -9.3 6.8 5.8 26 8.5 6.9 41
Pension funds; unallocated insurance contracts; asset FA593095005 7.7 9.3 2.7 -0.7 7.1 27.8 22 9.4 6.4 42
Life insurance companies; unidentified miscellaneous liabilities FA543193005 -6.4 -20.5 -6.7 35.4 84.2 -195.1 65.4 40.3 57.9 43
Life insurance companies; equity and investment fund shares excluding mutual fund shares and money market fund shares; liability (IMA) FA543181105 -23.9 -24.1 -28.4 -40.9 -22.7 -4.4 -14.1 -16 -17 44
Life insurance companies, general accounts; corporate equities; liability FA543164173 -24.6 -30.5 -35.4 -30.2 -32.7 -23.6 -23.2 -27.2 -22.7 45
Life insurance companies, general accounts; foreign direct investment in U.S.: equity; liability (market value) FA543192173 0.7 6.4 7 -10.7 10 19.2 9.2 11.2 5.7 46
Life insurance companies; equity investment by parent holding company; liability FA543194603 0 0 0 0 0 0 0 0 0 47
Life insurance companies; sector discrepancy FA547005005 -108 -123.8 -141.2 -140.8 -79 -134.2 21.2 -51.1 -64.4 48
Life insurance companies, general accounts; securities lending; liability (6) FA543200073 6.4 -12.8 9.3 -26.1 -24.8 -9.5 7.1 -8.5 -4.1 49
Life insurance companies; direct reserve credit; liability FA543176015 37.8 218.2 227.8 200.5 276.3 168.3 249.4 239 5.3 50
Life insurance companies; reserve credit reinsured to U.S. reinsurers; liability FA543176025 40.2 75 75 75 74.9 75 47.4 31.1 55.9 51
Life insurance companies; reserve credit reinsured to non-U.S. reinsurers; asset FA543076035 139.8 120.6 120.6 120.6 120.6 120.6 62.9 28.9 53.4 52
Life insurance companies; reserve credit reinsured from non-U.S. reinsurers; liability FA543176035 -3.1 8.5 8.5 8.5 8.5 8.5 1 0.4 0.2 53

NOTES

  1. 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.
  2. Net capital transfers paid from table F.5, line 54.
  3. Annuity reserves held by life insurance companies, excluding unallocated contracts held by pension funds, which are shown on line 40.
  4. Equal to funding agreement-backed securities (FABS) issued by domestic issuers of asset-backed securities.
  5. Includes reserves for accident and health policies, policy dividend accumulation, and contract claims.
  6. Liability for securities lending collateral, included in line 41.
Last Update: December 7, 2023