Life/annuity industry investments

Investments, Life/Annuity Insurers, 2020-2022 (1)

($ billions, end of year)

	Amount			Percent of total investments
Investment type	2020	2021	2022	2020	2021	2022
Bonds	$3,272.1	$3,415.5	$3,497.6	70.24%	69.88%	69.42%
Stocks	$117.1	$133.5	$120.5	2.51%	2.73%	2.39%
Preferred stock	14.6	19.2	16.0	0.31	0.39	0.32
Common stock	102.5	114.3	104.5	2.20	2.34	2.07
Mortgage loans on real estate	$587.2	$625.9	$679.5	12.60%	12.81%	13.49%
First lien real estate mortgage loans	579.2	617.9	670.2	12.43	12.64	13.30
Real estate loans less first liens	8.0	8.0	9.3	0.17	0.16	0.18
Real estate	$22.6	$22.5	$22.3	0.49%	0.46%	0.44%
Occupied properties	6.1	5.8	5.5	0.13	0.12	0.11
Income generating properties	16.0	16.3	16.5	0.34	0.33	0.33
Properties for sale	0.6	0.4	0.3	0.01	0.01	0.01
Cash, cash equivalent and short term investments	151.0	143.6	140.7	3.24	2.94	2.79
Contract loans including premium notes	130.4	128.7	128.5	2.80	2.63	2.55
Derivatives	121.5	96.6	95.2	2.61	1.98	1.89
Other invested assets	227.4	281.6	308.4	4.88	5.76	6.12
Receivables for securities	7.0	9.0	9.8	0.15	0.18	0.19
Securities lending reinvested collateral assets	16.2	18.8	13.6	0.35	0.38	0.27
Write-ins for invested assets	6.1	11.9	21.8	0.13	0.24	0.43
Total cash and invested assets	$4,658.6	$4,887.7	$5,038.1	100.0%	100.0%	100.0%

(1) Data are net admitted assets of life/annuity insurers.

Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.