Financial Accounts of the United States - Z.1
L.116 Life Insurance Companies (1)
Billions of dollars; amounts outstanding end of period, not seasonally adjusted| Description | Series code | 2021 | 2022 | 2023 | 2024 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Life insurance companies; total financial assets | FL544090005 | 10066.2 | 9047.8 | 9713.5 | 10325.5 | 9913.1 | 9997.7 | 10413.6 | 10325.5 | 10399.9 | 1 |
| Life insurance companies; checkable deposits and currency; asset | FL543020005 | 122.2 | 118.3 | 143.3 | 150.6 | 143.0 | 142.7 | 156.8 | 150.6 | 146.9 | 2 |
| Life insurance companies; money market fund shares; asset | FL543034005 | 65.2 | 75.6 | 102.6 | 102.8 | 99.8 | 99.1 | 106.7 | 102.8 | 100.7 | 3 |
| Life insurance companies, general accounts; security repurchase agreements, including those held by U.S. captive reinsurers; asset | FL542051075 | 10.0 | 4.7 | 5.6 | 5.4 | 5.5 | 5.3 | 5.5 | 5.4 | 5.9 | 4 |
| Life insurance companies; debt securities; asset | LM544022005 | 4569.2 | 3904.9 | 4013.9 | 4181.9 | 4048.3 | 4059.5 | 4288.0 | 4181.9 | 4279.3 | 5 |
| Life insurance companies; commercial paper; asset | FL543069105 | 41.8 | 25.8 | 30.9 | 36.6 | 31.7 | 32.5 | 35.4 | 36.6 | 38.5 | 6 |
| Life insurance companies; Treasury securities; asset | LM543061105 | 237.1 | 183.1 | 180.9 | 187.2 | 182.0 | 183.2 | 190.8 | 187.2 | 190.9 | 7 |
| Life insurance companies; agency- and GSE-backed securities; asset | LM543061705 | 319.9 | 265.4 | 265.1 | 259.6 | 265.5 | 265.4 | 267.8 | 259.6 | 266.5 | 8 |
| Life insurance companies; municipal securities; asset | LM543062005 | 241.3 | 197.9 | 192.5 | 167.6 | 186.0 | 178.1 | 175.7 | 167.6 | 164.2 | 9 |
| Life insurance companies; corporate and foreign bonds; asset | LM543063005 | 3729.0 | 3232.7 | 3344.5 | 3530.9 | 3383.0 | 3400.3 | 3618.3 | 3530.9 | 3619.2 | 10 |
| Life insurance companies; loans; asset | FL544023005 | 881.6 | 953.0 | 997.6 | 1078.7 | 1013.9 | 1030.0 | 1059.3 | 1078.7 | 1088.4 | 11 |
| Life insurance companies; other loans and advances; asset | FL543069005 | 172.1 | 173.6 | 173.0 | 186.9 | 176.7 | 179.0 | 182.3 | 186.9 | 189.5 | 12 |
| Life insurance companies; total mortgages; asset | FL543065005 | 709.5 | 779.4 | 824.6 | 891.8 | 837.3 | 851.0 | 877.0 | 891.8 | 898.9 | 13 |
| Life insurance companies, general accounts; U.S. direct investment abroad: intercompany debt (market value) | LM543092375 | -0.3 | -0.3 | -0.3 | -0.6 | -0.2 | -0.4 | -0.5 | -0.6 | -0.7 | 14 |
| Life insurance companies; corporate equities; asset | LM543064105 | 810.6 | 658.9 | 696.4 | 800.5 | 744.0 | 772.2 | 802.8 | 800.5 | 783.6 | 15 |
| Life insurance companies, general accounts; U.S. direct investment abroad: equity (market value) | LM543092173 | 85.1 | 23.2 | 41.4 | 43.2 | 44.0 | 45.4 | 44.0 | 43.2 | 47.3 | 16 |
| Life insurance companies, general accounts; equity in FHLB; asset | FL543092473 | 9.1 | 8.1 | 8.8 | 10.6 | 9.3 | 9.7 | 10.1 | 10.6 | 11.0 | 17 |
| Life insurance companies; mutual fund shares; asset | LM543064205 | 1833.3 | 1414.4 | 1534.5 | 1603.9 | 1606.2 | 1595.8 | 1645.7 | 1603.9 | 1528.1 | 18 |
| Life insurance companies; life insurance reserve credit from reinsurers; asset | FL543040005 | 284.9 | 279.3 | 324.9 | 320.8 | 323.9 | 322.8 | 321.8 | 320.8 | 323.8 | 19 |
| Life insurance companies; pension entitlements reserve credit from reinsurers; asset | FL543050005 | 380.0 | 484.2 | 575.0 | 704.7 | 607.5 | 639.9 | 672.3 | 704.7 | 734.1 | 20 |
| Life insurance companies; trade receivables from insurers; liability | FL543070005 | 140.5 | 136.6 | 144.7 | 151.5 | 146.4 | 148.1 | 149.8 | 151.5 | 151.4 | 21 |
| Life insurance companies; total miscellaneous assets | FL543090005 | 874.9 | 986.9 | 1124.9 | 1171.5 | 1121.6 | 1127.6 | 1151.1 | 1171.5 | 1200.1 | 22 |
| 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 | 23 |
| Life insurance companies, general accounts; deferred and unpaid life insurance premiums; asset | FL543077073 | 38.4 | 37.0 | 39.4 | 39.5 | 41.0 | 41.0 | 39.4 | 39.5 | 42.4 | 24 |
| Life insurance companies; accident and health reserve credit from reinsurers; asset | FL543095105 | 90.6 | 85.7 | 85.5 | 90.0 | 86.6 | 87.8 | 88.9 | 90.0 | 90.4 | 25 |
| Life insurance companies; unidentified miscellaneous assets | FL543093005 | 745.9 | 864.3 | 1000.1 | 1041.9 | 994.0 | 998.8 | 1022.8 | 1041.9 | 1067.2 | 26 |
| Life insurance companies; total liabilities and equity | FL544194005 | 9600.4 | 9109.1 | 9769.5 | 10429.0 | 10058.5 | 10137.9 | 10404.2 | 10429.0 | 10450.5 | 27 |
| Life insurance companies; total liabilities | FL544190005 | 9068.1 | 8755.2 | 9395.2 | 10021.8 | 9648.7 | 9747.5 | 9985.9 | 10021.8 | 10043.2 | 28 |
| Life insurance companies, general accounts; security repurchase agreements; liability | FL542151073 | 20.6 | 36.4 | 36.1 | 41.7 | 36.5 | 36.9 | 40.3 | 41.7 | 45.2 | 29 |
| Life insurance companies, general accounts; FHLB advances; liability | FL543169373 | 113.6 | 135.7 | 138.1 | 156.7 | 143.3 | 150.2 | 152.8 | 156.7 | 160.7 | 30 |
| Life insurance companies, general accounts; foreign direct investment in U.S.: intercompany debt; liability (market value) | LM543192375 | 10.8 | 5.0 | 4.1 | 3.5 | 4.2 | 4.1 | 3.8 | 3.5 | 3.2 | 31 |
| Life insurance companies; life insurance reserves; liability | FL543140005 | 2399.4 | 2398.9 | 2468.2 | 2576.6 | 2513.5 | 2532.5 | 2563.5 | 2576.6 | 2582.6 | 32 |
| Life insurance companies; pension entitlements, including reserve credit from reinsurers and excluding unallocated insurance contracts; liability (2) | FL543150005 | 4107.7 | 3810.3 | 4147.3 | 4475.1 | 4288.0 | 4343.0 | 4463.5 | 4475.1 | 4456.3 | 33 |
| Life insurance companies; trade payables to insurers; liability | FL543170005 | 355.0 | 371.2 | 464.6 | 580.9 | 493.7 | 522.8 | 551.8 | 580.9 | 606.0 | 34 |
| Life insurance companies, general accounts; total taxes payable; liability | FL543178075 | 7.2 | 6.0 | 7.2 | 5.4 | 7.7 | 6.1 | 6.7 | 5.4 | 5.2 | 35 |
| Life insurance companies; total miscellaneous liabilities | FL543190005 | 2053.7 | 1991.6 | 2129.6 | 2181.9 | 2161.8 | 2152.0 | 2203.5 | 2181.9 | 2183.9 | 36 |
| Life insurance companies; other investment by holding company parent; liability | FL543194703 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 37 |
| Issuers of asset-backed securities; funding agreements backing securities; asset (3) | FL673090543 | 157.5 | 176.0 | 190.3 | 224.0 | 204.9 | 204.5 | 217.0 | 224.0 | 238.7 | 38 |
| Life insurance companies; insurance reserves, excluding life insurance reserves and pension entitlements; liability (4) | FL543195005 | 472.0 | 474.6 | 488.4 | 501.8 | 497.3 | 493.6 | 497.9 | 501.8 | 501.9 | 39 |
| Pension funds; unallocated insurance contracts; asset | FL593095005 | 914.6 | 882.0 | 925.5 | 975.1 | 944.6 | 953.4 | 973.0 | 975.1 | 975.9 | 40 |
| Life insurance companies; unidentified miscellaneous liabilities | FL543193005 | 509.6 | 459.0 | 525.4 | 481.0 | 515.0 | 500.5 | 515.6 | 481.0 | 467.4 | 41 |
| Life insurance companies; equity and investment fund shares excluding mutual fund shares and money market fund shares; liability (IMA) | FL543181105 | 532.3 | 353.9 | 374.3 | 407.2 | 409.8 | 390.3 | 418.4 | 407.2 | 407.3 | 42 |
| Life insurance companies, general accounts; corporate equities; liability | LM543164175 | 235.3 | 243.8 | 255.5 | 289.4 | 279.2 | 266.3 | 296.0 | 289.4 | 297.3 | 43 |
| Life insurance companies, general accounts; foreign direct investment in U.S.: equity; liability (market value) | LM543192173 | 297.0 | 110.1 | 118.9 | 117.9 | 130.6 | 124.1 | 122.3 | 117.9 | 110.0 | 44 |
| Life insurance companies; equity investment by parent holding company; liability | FL543194603 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 45 |
| Life insurance companies, general accounts; securities lending; liability (5) | FL543200073 | 54.5 | 41.7 | 40.6 | 45.5 | 42.6 | 40.3 | 40.8 | 45.5 | 50.1 | 46 |
| Life insurance companies; direct reserve credit; liability | FL543176015 | 7613.6 | 7310.9 | 7767.0 | 8292.7 | 7992.7 | 8073.5 | 8258.0 | 8292.7 | 8294.3 | 47 |
| Life insurance companies; reserve credit reinsured to U.S. reinsurers; liability | FL543176025 | 917.1 | 968.0 | 1020.0 | 1051.5 | 1031.7 | 1037.5 | 1048.8 | 1051.5 | 1058.3 | 48 |
| Life insurance companies; reserve credit reinsured to non-U.S. reinsurers; asset | FL543076035 | 689.8 | 808.9 | 993.9 | 1129.8 | 1028.1 | 1061.8 | 1096.8 | 1129.8 | 1161.6 | 49 |
| Life insurance companies; reserve credit reinsured from non-U.S. reinsurers; liability | FL543176035 | 2.3 | 10.8 | 2.7 | 4.1 | 3.1 | 3.4 | 3.8 | 4.1 | 4.2 | 50 |
NOTES
- 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.
- Annuity reserves held by life insurance companies, excluding unallocated contracts held by pension funds, which are shown on line 39.
- 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 41.
Last Update: June 12, 2025