Financial Accounts of the United States - Z.1
L.116.g Life Insurance Companies General Accounts
Billions of dollars; amounts outstanding end of period, not seasonally adjusted| Description | Series code | 2022 | 2023 | 2024 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 | 2025 Q2 | 2025 Q3 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Life insurance companies, general accounts; total financial assets | FL544090075 | 6213.6 | 6685.8 | 7085.6 | 6827.2 | 7120.3 | 7085.6 | 7209.1 | 7377.2 | 7584.0 | 1 |
| Life insurance companies, general accounts; checkable deposits and currency, including those held by U.S. captive reinsurers; asset | FL543020075 | 77.1 | 101.2 | 103.0 | 98.1 | 109.2 | 103.0 | 98.5 | 109.5 | 125.7 | 2 |
| Life insurance companies, general accounts; money market fund shares, including those held by U.S. captive reinsurers; asset | FL543034075 | 40.9 | 66.5 | 65.8 | 63.6 | 70.3 | 65.8 | 60.9 | 65.4 | 74.3 | 3 |
| Life insurance companies, general accounts; security repurchase agreements, including those held by U.S. captive reinsurers; asset | FL542051075 | 4.7 | 5.6 | 5.4 | 5.3 | 5.5 | 5.4 | 5.9 | 5.1 | 4.7 | 4 |
| Life insurance companies, general accounts; debt securities; asset | LM544022075 | 3302.1 | 3466.6 | 3586.2 | 3485.9 | 3685.0 | 3586.2 | 3673.9 | 3742.8 | 3856.7 | 5 |
| Life insurance companies, general accounts; commercial paper, including those held by U.S. captive reinsurers; asset | FL543069175 | 16.8 | 21.3 | 25.9 | 22.4 | 24.7 | 25.9 | 27.7 | 24.3 | 22.9 | 6 |
| Life insurance companies, general accounts; Treasury securities, including those held by U.S. captive reinsurers; asset | LM543061175 | 134.2 | 141.1 | 144.0 | 141.8 | 147.0 | 144.0 | 147.0 | 145.8 | 152.9 | 7 |
| Life insurance companies, general accounts; agency- and GSE-backed securities, including those held by U.S. captive reinsurers; asset | LM543061775 | 181.4 | 188.3 | 183.6 | 189.1 | 188.9 | 183.6 | 189.3 | 191.7 | 196.8 | 8 |
| Life insurance companies, general accounts; municipal securities, including those held by U.S. captive reinsurers; asset | LM543062075 | 179.5 | 178.3 | 157.8 | 165.7 | 163.9 | 157.8 | 154.1 | 152.5 | 157.0 | 9 |
| Life insurance companies, general accounts; corporate and foreign bonds; asset | LM543063075 | 2790.3 | 2937.7 | 3074.9 | 2967.0 | 3160.4 | 3074.9 | 3155.8 | 3228.5 | 3327.1 | 10 |
| Life insurance companies, general accounts; loans; asset | FL544023075 | 890.0 | 921.9 | 984.7 | 950.1 | 967.9 | 984.7 | 993.1 | 1011.4 | 1020.9 | 11 |
| Life insurance companies, general accounts; other loans and advances; asset | FL543069075 | 173.2 | 171.2 | 179.9 | 178.8 | 176.9 | 179.9 | 182.4 | 184.5 | 186.1 | 12 |
| Life insurance companies, general accounts; total mortgages, including those held by U.S. captive reinsurers; asset | FL543065075 | 716.8 | 750.8 | 804.9 | 771.2 | 790.9 | 804.9 | 810.6 | 826.9 | 834.8 | 13 |
| Life insurance companies, general accounts; U.S. direct investment abroad: intercompany debt (market value) | LM543092375 | -0.3 | -0.3 | -0.3 | -0.4 | -0.5 | -0.3 | -0.2 | -0.4 | -0.3 | 14 |
| Life insurance companies, general accounts; corporate equities, including those held by U.S. captive reinsurers; asset | LM543064175 | 120.6 | 129.9 | 133.7 | 139.8 | 142.0 | 133.7 | 153.5 | 159.3 | 163.6 | 15 |
| Life insurance companies, general accounts; U.S. direct investment abroad: equity (market value) | LM543092173 | 24.0 | 38.2 | 38.9 | 41.1 | 39.3 | 38.9 | 41.8 | 48.2 | 54.4 | 16 |
| Life insurance companies, general accounts; equity in FHLB; asset | FL543092473 | 8.1 | 8.8 | 10.6 | 9.7 | 10.1 | 10.6 | 11.0 | 11.5 | 11.9 | 17 |
| Life insurance companies, general accounts; mutual fund shares, including those held by U.S. captive reinsurers; asset | LM543064275 | 9.2 | 7.3 | 7.4 | 7.8 | 8.1 | 7.4 | 8.5 | 8.9 | 11.3 | 18 |
| Life insurance companies, general accounts; life insurance reserve credit from reinsurers; asset | FL543040075 | 279.3 | 324.9 | 320.8 | 322.8 | 321.8 | 320.8 | 323.8 | 327.6 | 330.8 | 19 |
| Life insurance companies, general accounts; pension entitlements reserve credit from reinsurers; asset | FL543050075 | 483.0 | 574.0 | 703.9 | 638.9 | 671.4 | 703.9 | 715.8 | 729.1 | 742.5 | 20 |
| Life insurance companies, general accounts; trade receivables from insurers; liability | FL543070075 | 136.6 | 144.7 | 151.4 | 148.1 | 149.8 | 151.4 | 151.9 | 156.4 | 160.7 | 21 |
| Life insurance companies, general accounts; total miscellaneous assets | FL543090075 | 838.6 | 896.4 | 974.1 | 916.4 | 940.4 | 974.1 | 970.7 | 1002.5 | 1026.8 | 22 |
| Life insurance companies, general accounts; total liabilities and equity | FL544194075 | 6368.8 | 6728.3 | 7195.2 | 6961.5 | 7104.4 | 7195.2 | 7274.4 | 7401.8 | 7570.7 | 23 |
| Life insurance companies, general accounts; total liabilities | FL544190075 | 6011.0 | 6363.5 | 6772.9 | 6575.7 | 6687.4 | 6772.9 | 6861.2 | 6980.7 | 7118.2 | 24 |
| Life insurance companies, general accounts; security repurchase agreements; liability | FL542151073 | 36.4 | 36.1 | 41.7 | 36.9 | 40.3 | 41.7 | 45.2 | 39.3 | 36.4 | 25 |
| Life insurance companies, general accounts; FHLB advances; liability | FL543169373 | 135.7 | 138.1 | 156.7 | 150.2 | 152.8 | 156.7 | 160.7 | 170.6 | 173.1 | 26 |
| Life insurance companies, general accounts; foreign direct investment in U.S.: intercompany debt; liability (market value) | LM543192375 | 5.0 | 3.7 | 3.9 | 3.9 | 3.6 | 3.9 | 3.8 | 3.6 | 3.7 | 27 |
| Life insurance companies, general accounts; life insurance reserves, including reserve credit from reinsurers; liability | FL543140075 | 1996.3 | 2042.2 | 2059.3 | 2057.1 | 2053.7 | 2059.3 | 2078.8 | 2103.0 | 2123.8 | 28 |
| Life insurance companies, general accounts; pension entitlements, including reserve credit from reinsurers and excluding unallocated insurance contracts; liability (2) | FL543150075 | 1767.9 | 1961.6 | 2135.7 | 2057.5 | 2087.8 | 2135.7 | 2168.5 | 2193.6 | 2226.4 | 29 |
| Life insurance companies, general accounts; trade payables to insurers; liability | FL543170075 | 370.6 | 464.0 | 580.8 | 522.4 | 551.6 | 580.8 | 586.4 | 601.8 | 620.1 | 30 |
| Life insurance companies, general accounts; total taxes payable; liability | FL543178075 | 6.0 | 7.2 | 5.4 | 6.1 | 6.7 | 5.4 | 5.2 | 4.7 | 5.3 | 31 |
| Life insurance companies, general accounts; total miscellaneous liabilities | FL543190075 | 1693.0 | 1710.6 | 1789.4 | 1741.6 | 1790.8 | 1789.4 | 1812.6 | 1864.1 | 1929.4 | 32 |
| Life insurance companies; equity and investment fund shares excluding mutual fund shares and money market fund shares; liability (IMA) | FL543181105 | 357.8 | 364.8 | 422.3 | 385.8 | 417.0 | 422.3 | 413.2 | 421.1 | 452.5 | 33 |
| Life insurance companies, general accounts; corporate equities; liability | LM543164175 | 247.0 | 255.0 | 288.7 | 265.8 | 295.5 | 288.7 | 290.5 | 288.0 | 299.5 | 34 |
| Life insurance companies, general accounts; foreign direct investment in U.S.: equity; liability (market value) | LM543192173 | 110.9 | 109.8 | 133.6 | 120.0 | 121.5 | 133.6 | 122.7 | 133.1 | 152.9 | 35 |
| 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 | 36 |
NOTES
- Equal to funding agreement-backed securities (FABS) issued by domestic issuers of asset-backed securities.
- Annuity reserves held by life insurance companies, excluding unallocated contracts held by private pension funds which are included in miscellaneous liabilities (line 32).
Last Update: January 9, 2026