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Life Insurers Ended 2019 with $4.6 Trillion

Life insurers represent more than 4 percent of the nation's $100 trillion in net wealth.
July 22, 2020

The total value of U.S. life insurers’ cash and invested assets increased 5.3 percent between the end of 2018 and the end of 2019, to $4.6 trillion, according to a new analysis from the National Association of Insurance Commissioners’ (NAIC) Capital Markets Bureau. Life insurers represent more than 4 percent of the nation's $100 trillion in net wealth, and life insurers’ assets support life insurance, disability insurance, long-term care insurance, and annuity obligations for people who use insurance to protect themselves against mortality, morbidity, or longevity risk.

The value of life insurers’ corporate bond holdings increased $160 billion, or 8.7 percent, to $2 trillion in 2019; their mortgage assets increased $45 billion, or 8.4 percent, to $579 billion; and their derivatives-related assets increased $23 billion, or 41 percent, to $80 billion.

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