Financial Accounts of the United States - Z.1
L.116.s Life Insurance Companies Separate Accounts
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, separate accounts; total financial assets | FL544090085 | 3333.1 | 2733.1 | 3027.7 | 3240.0 | 3155.9 | 3168.8 | 3291.5 | 3240.0 | 3157.0 | 1 |
| Life insurance companies, separate accounts; checkable deposits and currency; asset | FL543020083 | 34.2 | 41.3 | 42.1 | 47.6 | 43.5 | 44.6 | 47.6 | 47.6 | 48.4 | 2 |
| Life insurance companies, separate accounts; variable annuity money market fund shares; asset | FL543034385 | 26.8 | 34.7 | 36.1 | 37.0 | 34.9 | 35.5 | 36.5 | 37.0 | 39.9 | 3 |
| Life insurance companies, separate accounts; debt securities; asset | LM544022085 | 543.0 | 502.2 | 549.1 | 602.7 | 562.7 | 572.1 | 606.6 | 602.7 | 612.3 | 4 |
| Life insurance companies, separate accounts; commercial paper; asset | FL543069183 | 18.4 | 9.0 | 9.6 | 10.7 | 9.9 | 10.1 | 10.7 | 10.7 | 10.8 | 5 |
| Life insurance companies, separate accounts; other Treasury securities; asset | LM543061183 | 57.1 | 45.9 | 40.3 | 43.2 | 41.1 | 41.5 | 43.8 | 43.2 | 43.9 | 6 |
| Life insurance companies, separate accounts; agency- and GSE-backed securities; asset | LM543061783 | 82.6 | 78.2 | 76.6 | 75.7 | 76.4 | 75.7 | 78.2 | 75.7 | 76.9 | 7 |
| Life insurance companies, separate accounts; municipal securities; asset | LM543062083 | 13.5 | 14.1 | 15.0 | 13.0 | 14.5 | 13.9 | 13.9 | 13.0 | 13.2 | 8 |
| Life insurance companies, separate accounts; corporate and foreign bonds; asset | LM543063085 | 371.4 | 355.0 | 407.6 | 460.2 | 420.8 | 430.9 | 460.1 | 460.2 | 467.6 | 9 |
| Life insurance companies, separate accounts; loans; asset | FL544023085 | 51.4 | 62.6 | 73.9 | 86.9 | 77.1 | 79.8 | 86.0 | 86.9 | 88.3 | 10 |
| Life insurance companies, separate accounts; policy loans; asset | FL543069483 | 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 | FL543065083 | 51.4 | 62.6 | 73.9 | 86.9 | 77.1 | 79.8 | 86.0 | 86.9 | 88.3 | 12 |
| Life insurance companies, separate accounts; corporate equities | LM543064185 | 673.2 | 538.3 | 566.5 | 666.9 | 613.8 | 632.2 | 660.7 | 666.9 | 630.1 | 13 |
| Life insurance companies, separate accounts; variable annuity mutual fund shares; asset | LM543064385 | 1825.4 | 1405.2 | 1527.3 | 1596.6 | 1598.3 | 1588.1 | 1637.6 | 1596.6 | 1519.6 | 14 |
| Life insurance companies, separate accounts; life insurance reserve credit from reinsurers; asset | FL543040085 | 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 | FL543050085 | 1.4 | 1.2 | 1.0 | 0.8 | 1.0 | 0.9 | 0.9 | 0.8 | 0.8 | 16 |
| Life insurance companies, separate accounts; trade receivables from insurers; liability | FL543070085 | 0.1 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 17 |
| Life insurance companies, separate accounts; total miscellaneous assets | FL543090085 | 177.5 | 147.6 | 231.7 | 201.4 | 224.6 | 215.7 | 215.6 | 201.4 | 217.7 | 18 |
| Life insurance companies, separate accounts; total liabilities | FL544190085 | 3343.9 | 2744.2 | 3031.7 | 3248.9 | 3158.4 | 3171.9 | 3298.5 | 3248.9 | 3164.5 | 19 |
| Life insurance companies, separate accounts; life insurance reserves, including reserve credit from reinsurers; liability | LM543140085 | 439.4 | 402.6 | 426.0 | 517.3 | 458.6 | 475.4 | 509.8 | 517.3 | 503.9 | 20 |
| Life insurance companies, separate accounts; pension entitlements, including reserve credit from reinsurers and excluding unallocated insurance contracts; liability (1) | LM543150085 | 2462.2 | 2041.3 | 2209.4 | 2381.0 | 2305.1 | 2318.0 | 2413.6 | 2381.0 | 2317.4 | 21 |
| Life insurance companies, separate accounts; trade payables to insurers; liability | FL543170085 | 0.7 | 0.6 | 0.6 | 0.0 | 0.5 | 0.3 | 0.2 | 0.0 | 0.0 | 22 |
| Life insurance companies, separate accounts; total miscellaneous liabilities | FL543190085 | 441.6 | 299.6 | 395.6 | 350.6 | 394.2 | 378.1 | 374.9 | 350.6 | 343.2 | 23 |
NOTES
- Annuity reserves held by life insurance companies, excluding unallocated contracts held by private pension funds which are included in miscellaneous liabilities (line 23).
Last Update: June 12, 2025