Financial Accounts of the United States - Z.1
F.115 Property-casualty insurance companies
Billions of dollars; quarterly figures are seasonally adjusted annual rates
| Line | Description | Series | 2023 | 2024 | 2025 | 2024:Q3 | 2024:Q4 | 2025:Q1 | 2025:Q2 | 2025:Q3 | 2025:Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Line 1 | Gross saving less net capital transfers paid1 | FA516000105 | 47.3 | 51.4 | 54.3 | 32.6 | 34.3 | -18.7 | 79.7 | 83.1 | 73.0 |
| Line 2 | Fixed nonresidential investment | FA515013005 | 36.8 | 40.0 | 43.5 | 40.6 | 40.8 | 41.9 | 43.0 | 44.0 | 44.9 |
| Line 3 | Net acquisition of financial assets | FA514090005 | 140.0 | 108.1 | 177.0 | 281.3 | -91.1 | 169.7 | 215.0 | 234.3 | 88.8 |
| Line 4 | Checkable deposits and currency | FA513020005 | 7.9 | 2.1 | 8.9 | 18.2 | 6.1 | -13.7 | 85.4 | -25.1 | -10.8 |
| Line 5 | Money market fund shares | FA513034005 | 2.2 | 10.2 | 8.4 | 23.9 | 14.5 | -18.0 | 111.4 | -44.0 | -15.8 |
| Line 6 | Security repurchase agreements | FA512051005 | -1.9 | 0.7 | -0.1 | 1.4 | -0.9 | 0.2 | -0.9 | 1.1 | -0.9 |
| Line 7 | Debt securities | FA514022005 | 87.8 | 200.1 | 162.9 | 338.1 | -172.7 | 349.5 | -51.8 | 387.7 | -33.9 |
| Line 8 | Open market paper | FA513069105 | 2.1 | -1.0 | -0.1 | 0.2 | -15.4 | 1.0 | -4.6 | 6.2 | -3.1 |
| Line 9 | Treasury securities | FA513061105 | 46.5 | 99.9 | 62.4 | 207.7 | -226.5 | 261.4 | -140.6 | 222.7 | -93.8 |
| Line 10 | Agency- and GSE-backed securities | FA513061705 | 28.0 | 41.8 | 32.9 | 41.0 | 56.6 | 19.3 | 39.4 | 52.2 | 20.7 |
| Line 11 | Municipal securities | FA513062005 | -29.3 | -10.8 | 0.2 | 2.5 | -13.7 | -7.4 | 6.2 | 1.5 | 0.6 |
| Line 12 | Corporate and foreign bonds | FA513063005 | 40.6 | 70.2 | 67.5 | 86.7 | 26.3 | 75.2 | 47.8 | 105.2 | 41.7 |
| Line 13 | Loans (commercial mortgages) | FA513065505 | 2.5 | -0.5 | 0.7 | 0.1 | -2.4 | -1.5 | 3.9 | 0.8 | -0.5 |
| Line 14 | U.S. direct investment abroad: intercompany debt | FA513092305 | 0.7 | -0.4 | -1.1 | -3.4 | 5.4 | 4.1 | -6.8 | -0.1 | -1.5 |
| Line 15 | Corporate equities | FA513064105 | -40.7 | -153.0 | -27.7 | -151.2 | -20.1 | 55.3 | -56.9 | -121.3 | 12.1 |
| Line 16 | U.S. direct investment abroad: equity | FA513092103 | 39.5 | 17.7 | -45.2 | -20.5 | 160.1 | -153.5 | -13.4 | 9.0 | -22.7 |
| Line 17 | Equity in FHLB | FA513092403 | 0.0 | -0.0 | 0.0 | 0.0 | 0.0 | -0.1 | 0.1 | 0.0 | -0.1 |
| Line 18 | Mutual fund shares | FA513064205 | -1.3 | -0.8 | -1.9 | -0.4 | 2.5 | -4.3 | -3.4 | -1.3 | 1.5 |
| Line 19 | Trade receivables | FA513070005 | 44.6 | -6.3 | 14.8 | -14.0 | -40.0 | 55.9 | 16.4 | 5.1 | -18.2 |
| Line 20 | Miscellaneous assets | FA513090005 | -1.3 | 38.3 | 57.2 | 89.0 | -43.5 | -104.2 | 131.1 | 22.4 | 179.7 |
| Line 21 | Policy payables2 | FA513076005 | 15.1 | 26.3 | 23.3 | 26.3 | 26.3 | 41.0 | 24.6 | 24.5 | 3.2 |
| Line 22 | Receivables due from holding company parents | FA513094703 | -1.2 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 23 | Other | FA513093005 | -15.2 | 12.0 | 33.9 | 62.8 | -69.8 | -145.2 | 106.5 | -2.1 | 176.5 |
| Line 24 | Net increase in liabilities and equity | FA514194005 | 179.2 | 107.6 | 185.5 | 276.1 | -116.8 | 186.1 | 187.5 | 224.0 | 144.5 |
| Line 25 | Net increase in liabilities | FA514190005 | 178.8 | 101.5 | 193.8 | 270.6 | -145.5 | 205.5 | 174.8 | 243.2 | 151.8 |
| Line 26 | Security repurchase agreements | FA512151003 | 2.3 | -0.4 | -0.0 | 0.2 | -6.4 | 0.4 | -1.8 | 2.3 | -1.0 |
| Line 27 | Loans (other loans and advances) | FA513169333 | -0.0 | -0.7 | -0.2 | -0.1 | 0.3 | -1.1 | 1.7 | 0.2 | -1.9 |
| Line 28 | Foreign direct investment: intercompany debt | FA513192305 | -0.1 | -0.3 | 0.5 | -0.7 | -1.1 | -0.1 | 1.0 | -0.4 | 1.6 |
| Line 29 | Trade payables | FA513170005 | 22.0 | -15.0 | 7.3 | -15.0 | -15.0 | 12.9 | 7.7 | 7.7 | 1.0 |
| Line 30 | Taxes payable | FA513178005 | 0.5 | 1.4 | 0.8 | -20.7 | -21.6 | 8.2 | -12.1 | 4.0 | 3.1 |
| Line 31 | Miscellaneous liabilities | FA513190005 | 154.1 | 116.5 | 185.4 | 306.8 | -101.7 | 185.1 | 178.3 | 229.4 | 149.0 |
| Line 32 | Other investment by holding company parent | FA513194703 | 0.1 | 0.2 | 0.0 | -0.0 | -0.3 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 33 | Policy payables | FA513176005 | 104.7 | 128.1 | 103.6 | 192.3 | 12.4 | 182.2 | 109.3 | 108.7 | 14.3 |
| Line 34 | Other | FA513193005 | 49.2 | -11.8 | 81.8 | 114.6 | -113.8 | 3.0 | 68.9 | 120.7 | 134.7 |
| Line 35 | Net equity issues | FA513181105 | 0.4 | 6.2 | -8.3 | 5.5 | 28.7 | -19.4 | 12.7 | -19.2 | -7.3 |
| Line 36 | Corporate equity issues | FA513164105 | -11.7 | -8.2 | -15.0 | -12.6 | 15.3 | -21.0 | -3.2 | -17.0 | -18.8 |
| Line 37 | Foreign direct investment: equity | FA513192103 | 12.0 | 14.6 | 6.7 | 18.0 | 13.8 | 1.6 | 15.9 | -2.2 | 11.5 |
| Line 38 | Equity investment by holding company parent | FA513194603 | 0.1 | -0.3 | 0.0 | 0.1 | -0.4 | 0.0 | 0.0 | 0.0 | 0.0 |
| Line 39 | Discrepancy | FA517005005 | 49.7 | 10.8 | 19.4 | -13.3 | -32.2 | -44.2 | 9.2 | 28.8 | 83.7 |
| Memo: | |||||||||||
| Line 40 | Securities lending3 | FA513200003 | -0.7 | 0.7 | 13.2 | 2.6 | -3.9 | 13.1 | 12.6 | 14.5 | 12.4 |
| Line 41 | Direct reserve | FA513176015 | 92.9 | 119.1 | 88.5 | 183.2 | 3.3 | 155.5 | 93.3 | 92.8 | 12.2 |
| Line 42 | Reinsured to U.S. reinsurers | FA513176025 | 9.6 | 13.7 | 11.6 | 13.7 | 13.7 | 20.4 | 12.2 | 12.1 | 1.6 |
| Line 43 | Reinsured to non-U.S. reinsurers | FA263176005 | 5.5 | 12.6 | 11.7 | 12.6 | 12.6 | 20.6 | 12.4 | 12.3 | 1.6 |
| Line 44 | Reinsured from non-U.S. reinsurers | FA263076005 | 2.2 | -4.7 | 3.6 | -4.7 | -4.7 | 6.3 | 3.8 | 3.8 | 0.5 |
Notes:
- Net capital transfers paid from table F.5, line 53.
- Policy payables due from reinsurers.
- Liability for securities lending collateral, included in line 34.
Last Update: 2026-03-19