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
| Line | Description | Series | 2023 | 2024 | 2025 | 2024:Q3 | 2024:Q4 | 2025:Q1 | 2025:Q2 | 2025:Q3 | 2025:Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Line 1 | Total financial assets | FL544090075 | 6685.8 | 7085.6 | 7659.7 | 7120.3 | 7085.6 | 7209.1 | 7376.9 | 7583.8 | 7659.7 |
| Line 2 | Checkable deposits and currency | FL543020075 | 101.2 | 103.0 | 122.0 | 109.2 | 103.0 | 98.5 | 109.5 | 125.7 | 122.0 |
| Line 3 | Money market fund shares | FL543034075 | 66.5 | 65.8 | 73.6 | 70.3 | 65.8 | 60.9 | 65.4 | 74.3 | 73.6 |
| Line 4 | Security repurchase agreements | FL542051075 | 5.6 | 5.4 | 4.7 | 5.5 | 5.4 | 5.9 | 5.1 | 4.7 | 4.7 |
| Line 5 | Debt securities | LM544022075 | 3466.6 | 3586.2 | 3894.3 | 3685.0 | 3586.2 | 3673.9 | 3742.8 | 3856.7 | 3894.3 |
| Line 6 | Open market paper | FL543069175 | 21.3 | 25.9 | 22.2 | 24.7 | 25.9 | 27.7 | 24.3 | 22.9 | 22.2 |
| Line 7 | Treasury securities | LM543061175 | 141.1 | 144.0 | 154.1 | 147.0 | 144.0 | 147.0 | 145.8 | 152.9 | 154.1 |
| Line 8 | Agency- and GSE-backed securities | LM543061775 | 188.3 | 183.6 | 199.8 | 188.9 | 183.6 | 189.3 | 191.7 | 196.8 | 199.8 |
| Line 9 | Municipal securities | LM543062075 | 178.3 | 157.8 | 160.2 | 163.9 | 157.8 | 154.1 | 152.5 | 157.0 | 160.2 |
| Line 10 | Corporate and foreign bonds | LM543063075 | 2937.7 | 3074.9 | 3358.1 | 3160.4 | 3074.9 | 3155.8 | 3228.5 | 3327.1 | 3358.1 |
| Line 11 | Loans | FL544023075 | 921.9 | 984.7 | 1041.1 | 967.9 | 984.7 | 993.1 | 1011.4 | 1020.9 | 1041.1 |
| Line 12 | Other loans and advances | FL543069075 | 171.2 | 179.9 | 189.7 | 176.9 | 179.9 | 182.4 | 184.5 | 186.1 | 189.7 |
| Line 13 | Mortgages | FL543065075 | 750.8 | 804.9 | 851.3 | 790.9 | 804.9 | 810.6 | 826.9 | 834.8 | 851.3 |
| Line 14 | U.S. direct investment abroad: intercompany debt | LM543092375 | -0.3 | -0.3 | -0.7 | -0.5 | -0.3 | -0.2 | -0.4 | -0.5 | -0.7 |
| Line 15 | Corporate equities | LM543064175 | 129.9 | 133.7 | 155.2 | 142.0 | 133.7 | 153.5 | 159.3 | 163.6 | 155.2 |
| Line 16 | U.S. direct investment abroad: equity | LM543092173 | 38.2 | 38.9 | 57.2 | 39.3 | 38.9 | 43.0 | 48.2 | 52.2 | 57.2 |
| Line 17 | Equity in FHLB | FL543092473 | 8.8 | 10.6 | 12.7 | 10.1 | 10.6 | 11.0 | 11.5 | 11.9 | 12.7 |
| Line 18 | Mutual fund shares | LM543064275 | 7.3 | 7.4 | 11.7 | 8.1 | 7.4 | 8.5 | 8.9 | 11.3 | 11.7 |
| Line 19 | Life insurance reserves | FL543040075 | 324.9 | 320.8 | 328.1 | 321.8 | 320.8 | 322.6 | 324.3 | 326.2 | 328.1 |
| Line 20 | Pension entitlements | FL543050075 | 574.0 | 703.9 | 755.9 | 671.4 | 703.9 | 716.7 | 728.8 | 742.1 | 755.9 |
| Line 21 | Trade receivables | FL543070075 | 144.7 | 151.4 | 163.2 | 149.8 | 151.4 | 152.1 | 157.5 | 162.5 | 163.2 |
| Line 22 | Miscellaneous assets | FL543090075 | 896.4 | 974.1 | 1040.9 | 940.4 | 974.1 | 969.7 | 1004.9 | 1032.2 | 1040.9 |
| Line 23 | Total liabilities and equity | FL544194075 | 6728.3 | 7195.2 | 7636.0 | 7104.4 | 7195.2 | 7274.2 | 7396.6 | 7550.8 | 7636.0 |
| Line 24 | Total liabilities | FL544190075 | 6363.5 | 6772.9 | 7199.6 | 6687.4 | 6772.9 | 6860.1 | 6974.7 | 7109.9 | 7199.6 |
| Line 25 | Security repurchase agreements | FL542151073 | 36.1 | 41.7 | 36.1 | 40.3 | 41.7 | 45.2 | 39.3 | 36.4 | 36.1 |
| Line 26 | Loans (other loans and advances) | FL543169373 | 138.1 | 156.7 | 173.7 | 152.8 | 156.7 | 160.7 | 170.6 | 173.1 | 173.7 |
| Line 27 | Foreign direct investment: intercompany debt | LM543192375 | 3.7 | 3.9 | 3.2 | 3.6 | 3.9 | 3.8 | 3.6 | 3.4 | 3.2 |
| Line 28 | Life insurance reserves | FL543140075 | 2042.2 | 2059.3 | 2106.4 | 2053.7 | 2059.3 | 2070.9 | 2081.9 | 2093.9 | 2106.4 |
| Line 29 | Pension entitlements2 | FL543150075 | 1961.6 | 2135.6 | 2278.6 | 2087.8 | 2135.6 | 2172.6 | 2192.0 | 2225.1 | 2278.6 |
| Line 30 | Trade payables | FL543170075 | 464.0 | 580.8 | 634.4 | 551.6 | 580.8 | 587.8 | 608.6 | 630.6 | 634.4 |
| Line 31 | Taxes payable | FL543178075 | 7.2 | 5.4 | 5.7 | 6.7 | 5.4 | 5.2 | 4.7 | 5.3 | 5.7 |
| Line 32 | Miscellaneous liabilities | FL543190075 | 1710.6 | 1789.5 | 1961.3 | 1790.9 | 1789.5 | 1813.8 | 1874.0 | 1942.0 | 1961.3 |
| Line 33 | Total equity | FL543181105 | 364.8 | 422.4 | 436.4 | 417.0 | 422.4 | 414.2 | 421.9 | 440.9 | 436.4 |
| Line 34 | Corporate equities (market value) | LM543164175 | 255.0 | 288.7 | 292.5 | 295.5 | 288.7 | 290.5 | 287.8 | 299.2 | 292.5 |
| Line 35 | Foreign direct investment: equity | LM543192173 | 109.8 | 133.6 | 143.9 | 121.5 | 133.6 | 123.6 | 134.1 | 141.8 | 143.9 |
| Line 36 | Equity investment by holding company parent | FL543194603 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
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: 2026-03-19