Financial Accounts of the United States - Z.1
F.116.g Life insurance companies: general accounts
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 | Net acquisition of financial assets | FA544090075 | 326.1 | 425.2 | 410.4 | 505.4 | 372.8 | 364.9 | 492.7 | 526.5 | 257.6 |
| Line 2 | Checkable deposits and currency | FA543020075 | 24.1 | 1.8 | 19.1 | 44.2 | -24.9 | -17.8 | 43.8 | 65.1 | -14.9 |
| Line 3 | Money market fund shares | FA543034075 | 25.6 | -0.7 | 7.8 | 26.7 | -17.9 | -19.6 | 17.9 | 35.8 | -2.9 |
| Line 4 | Security repurchase agreements | FA542051075 | 1.0 | -0.2 | -0.7 | 0.8 | -0.4 | 1.8 | -3.1 | -1.5 | -0.0 |
| Line 5 | Debt securities | FA544022075 | 48.5 | 170.5 | 186.2 | 179.6 | 166.9 | 156.5 | 160.7 | 233.0 | 194.5 |
| Line 6 | Open market paper | FA543069175 | 4.5 | 4.7 | -3.7 | 15.0 | 10.1 | 1.6 | -20.9 | 1.8 | 2.5 |
| Line 7 | Treasury securities | FA543061175 | 5.3 | 9.7 | 5.6 | 4.0 | 12.2 | 0.1 | -5.9 | 23.8 | 4.4 |
| Line 8 | Agency- and GSE-backed securities | FA543061775 | 1.4 | 0.7 | 11.6 | -17.4 | -0.5 | 13.0 | 6.6 | 16.3 | 10.3 |
| Line 9 | Municipal securities | FA543062075 | -10.3 | -12.4 | 1.2 | -15.1 | -7.4 | -6.8 | -0.7 | 4.0 | 8.2 |
| Line 10 | Corporate and foreign bonds | FA543063075 | 47.6 | 167.8 | 171.6 | 193.1 | 152.6 | 148.6 | 181.5 | 187.1 | 169.1 |
| Line 11 | Loans | FA544023075 | 32.0 | 62.8 | 56.4 | 65.7 | 63.7 | 33.8 | 82.7 | 31.6 | 77.3 |
| Line 12 | Other loans and advances | FA543069075 | -2.0 | 8.7 | 9.9 | -7.5 | 11.7 | 10.3 | 8.2 | 6.4 | 14.7 |
| Line 13 | Mortgages | FA543065075 | 34.0 | 54.1 | 46.5 | 73.3 | 52.0 | 23.5 | 74.5 | 25.3 | 62.6 |
| Line 14 | U.S. direct investment abroad: intercompany debt | FA543092375 | 0.1 | -0.0 | -0.4 | -0.3 | 0.8 | 0.3 | -1.0 | -0.1 | -0.7 |
| Line 15 | Corporate equities | FA543064175 | -14.5 | -20.0 | -5.7 | -24.3 | -39.5 | 99.8 | -37.4 | -35.4 | -49.6 |
| Line 16 | U.S. direct investment abroad: equity | FA543092173 | 6.9 | 12.2 | 2.0 | 1.4 | 19.9 | 4.9 | -1.2 | 0.9 | 3.2 |
| Line 17 | Equity in FHLB | FA543092473 | 0.8 | 1.8 | 2.1 | 1.8 | 1.8 | 1.7 | 2.0 | 1.7 | 3.0 |
| Line 18 | Mutual fund shares | FA543064275 | -3.2 | -0.7 | 3.2 | -0.3 | -2.4 | 5.0 | -1.2 | 8.0 | 1.0 |
| Line 19 | Life insurance reserves | FA543040075 | 45.6 | -4.1 | 7.3 | -4.1 | -4.1 | 7.2 | 6.8 | 7.5 | 7.8 |
| Line 20 | Pension entitlements | FA543050075 | 91.0 | 129.9 | 51.9 | 129.9 | 129.9 | 51.3 | 48.3 | 53.2 | 55.0 |
| Line 21 | Trade receivables | FA543070075 | 8.1 | 6.7 | 11.7 | 6.7 | 6.7 | 2.4 | 21.7 | 20.0 | 2.7 |
| Line 22 | Miscellaneous assets | FA543090075 | 60.1 | 65.4 | 69.5 | 77.6 | 72.3 | 37.5 | 152.7 | 106.6 | -18.7 |
| Line 23 | Net increase in liabilities and equity | FA544194075 | 328.6 | 377.5 | 394.3 | 417.7 | 312.8 | 306.0 | 429.6 | 518.0 | 323.8 |
| Line 24 | Net increase in liabilities | FA544190075 | 352.6 | 409.2 | 426.9 | 447.1 | 341.8 | 348.3 | 459.2 | 541.1 | 358.9 |
| Line 25 | Security repurchase agreements | FA542151073 | -0.3 | 5.6 | -5.6 | 13.5 | 5.7 | 14.3 | -24.0 | -11.6 | -1.0 |
| Line 26 | Loans (other loans and advances) | FA543169373 | 2.4 | 18.6 | 17.0 | 10.6 | 15.6 | 15.8 | 39.6 | 10.1 | 2.3 |
| Line 27 | Foreign direct investment: intercompany debt | FA543192375 | -1.2 | -0.0 | -0.5 | -0.9 | 0.9 | -0.6 | -0.2 | -0.3 | -0.8 |
| Line 28 | Life insurance reserves | FA543140075 | 45.8 | 17.2 | 47.1 | -13.5 | 22.3 | 46.5 | 43.8 | 48.2 | 49.9 |
| Line 29 | Pension entitlements1 | FA543150075 | 193.7 | 173.9 | 143.1 | 121.1 | 191.2 | 148.1 | 77.7 | 132.5 | 214.0 |
| Line 30 | Trade payables | FA543170075 | 93.4 | 116.8 | 53.6 | 116.8 | 116.8 | 27.8 | 83.4 | 88.0 | 15.2 |
| Line 31 | Taxes payable | FA543178075 | 1.1 | -1.8 | 0.4 | 2.4 | -5.3 | -0.8 | -1.9 | 2.4 | 1.7 |
| Line 32 | Miscellaneous liabilities | FA543190075 | 17.7 | 78.9 | 171.8 | 197.1 | -5.4 | 97.2 | 240.7 | 271.8 | 77.5 |
| Line 33 | Net equity issues | FA543181105 | -24.0 | -31.7 | -32.5 | -29.4 | -29.0 | -42.3 | -29.7 | -23.1 | -35.0 |
| Line 34 | Corporate equity issues | FA543164175 | -24.0 | -34.1 | -28.6 | -23.5 | -48.1 | -35.9 | -26.8 | -20.4 | -31.3 |
| Line 35 | Foreign direct investment: equity | FA543192173 | -0.0 | 2.4 | -3.9 | -5.9 | 19.1 | -6.4 | -2.8 | -2.7 | -3.8 |
| Line 36 | Equity investment by holding company parent | FA543194603 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Note:
- Annuity reserves held by life insurance companies, excluding unallocated contracts held by pension funds, which are included in miscellaneous liabilities (line 32).
Last Update: 2026-03-19