Financial Accounts of the United States - Z.1
F.116.s Life Insurance Companies Separate Accounts
Billions of dollars; quarterly figures are seasonally adjusted annual rates| Description | Series code | 2021 | 2022 | 2023 | 2024 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Life insurance companies, separate accounts; total financial assets | FA544090085 | -126.4 | -47.9 | -36.5 | -59.4 | -50.8 | -50.8 | -93.1 | -43.0 | -161.6 | 1 |
| Life insurance companies, separate accounts; checkable deposits and currency; asset | FA543020083 | -3.6 | 7.0 | 0.9 | 5.5 | 5.5 | 4.2 | 12.2 | 0.1 | 3.0 | 2 |
| Life insurance companies, separate accounts; variable annuity money market fund shares; asset | FA543034385 | -3.4 | 7.9 | 1.4 | 0.9 | -5.0 | 2.5 | 4.0 | 2.2 | 11.4 | 3 |
| Life insurance companies, separate accounts; debt securities; asset | FA544022085 | 46.1 | 48.9 | 37.9 | 58.8 | 73.1 | 53.4 | 38.3 | 70.2 | 4.8 | 4 |
| Life insurance companies, separate accounts; commercial paper; asset | FA543069183 | 5.1 | -9.4 | 0.7 | 1.0 | 1.0 | 0.7 | 2.5 | -0.2 | 0.7 | 5 |
| Life insurance companies, separate accounts; other Treasury securities; asset | FA543061183 | 5.6 | -3.0 | -6.4 | 3.4 | 5.2 | 2.2 | 1.6 | 4.6 | -1.5 | 6 |
| Life insurance companies, separate accounts; agency- and GSE-backed securities; asset | FA543061783 | -15.7 | 3.8 | -3.4 | -1.4 | 1.1 | -3.6 | 0.9 | -4.1 | 0.8 | 7 |
| Life insurance companies, separate accounts; municipal securities; asset | FA543062083 | 0.7 | 2.3 | 0.4 | -1.8 | -1.3 | -2.1 | -1.2 | -2.7 | 1.5 | 8 |
| Life insurance companies, separate accounts; corporate and foreign bonds; asset | FA543063085 | 50.3 | 55.2 | 46.7 | 57.6 | 67.0 | 56.2 | 34.5 | 72.7 | 3.4 | 9 |
| Life insurance companies, separate accounts; loans; asset | FA544023085 | 9.9 | 11.2 | 11.2 | 13.0 | 12.9 | 10.7 | 25.1 | 3.4 | 5.5 | 10 |
| Life insurance companies, separate accounts; policy loans; asset | FA543069483 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 11 |
| Life insurance companies, separate accounts; total mortgages; asset | FA543065083 | 9.9 | 11.2 | 11.2 | 13.0 | 12.9 | 10.7 | 25.1 | 3.4 | 5.5 | 12 |
| Life insurance companies, separate accounts; corporate equities | FA543064185 | -92.0 | -4.9 | -64.3 | 20.8 | 48.6 | 48.1 | -36.7 | 23.3 | -56.1 | 13 |
| Life insurance companies, separate accounts; variable annuity mutual fund shares; asset | FA543064385 | -138.2 | -88.1 | -107.4 | -127.8 | -134.3 | -140.7 | -145.0 | -91.2 | -171.3 | 14 |
| Life insurance companies, separate accounts; life insurance reserve credit from reinsurers; asset | FA543040085 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 15 |
| Life insurance companies, separate accounts; pension entitlements reserve credit from reinsurers; asset | FA543050085 | -0.2 | 0.0 | -0.3 | -0.3 | -0.3 | -0.3 | -0.3 | -0.3 | -0.0 | 16 |
| Life insurance companies, separate accounts; trade receivables from insurers; liability | FA543070085 | 0.1 | -0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 17 |
| Life insurance companies, separate accounts; total miscellaneous assets | FA543090085 | 54.8 | -30.0 | 84.1 | -30.2 | -51.1 | -28.6 | 9.5 | -50.7 | 41.1 | 18 |
| Life insurance companies, separate accounts; total liabilities | FA544190085 | -129.7 | -47.7 | -43.6 | -54.4 | -56.6 | -48.4 | -77.8 | -35.0 | -167.2 | 19 |
| Life insurance companies, separate accounts; life insurance reserves, including reserve credit from reinsurers; liability | FA543140085 | -27.6 | 36.6 | -24.3 | 52.2 | 51.1 | 52.3 | 50.0 | 55.3 | -26.6 | 20 |
| Life insurance companies, separate accounts; pension entitlements, including reserve credit from reinsurers and excluding unallocated insurance contracts; liability (1) | FA543150085 | -116.5 | -14.1 | -76.3 | -26.5 | -28.0 | -22.9 | -44.2 | -11.0 | -129.7 | 21 |
| Life insurance companies, separate accounts; trade payables to insurers; liability | FA543170085 | 0.0 | 0.0 | -0.1 | -0.6 | -0.6 | -0.6 | -0.6 | -0.7 | 0.0 | 22 |
| Life insurance companies, separate accounts; total miscellaneous liabilities | FA543190085 | 14.4 | -70.2 | 57.1 | -79.5 | -79.1 | -77.1 | -83.0 | -78.6 | -10.8 | 23 |
NOTES
- Annuity reserves held by life insurance companies, excluding unallocated contracts held by pension funds which are included in miscellaneous liabilities (line 23).
Last Update: June 12, 2025