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INSURERS AS INVESTORS |
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LIFE/HEALTH INSURER FINANCIAL ASSET DISTRIBUTION, 2003-2007
($ billions)
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2003 |
2004 |
2005 |
2006 |
2007 |
| Total financial assets | $3,772.8 | $4,130.3 | $4,350.7 | $4,685.3 | $4,950.3 |
| Checkable deposits and currency | 47.3 | 53.3 | 47.7 | 56.1 | 58.3 |
| Money market fund shares | 151.4 | 120.7 | 113.6 | 162.3 | 226.6 |
| Credit market instruments | 2,488.3 | 2,661.4 | 2,765.4 | 2,806.1 | 2,890.8 |
| Open market paper | 55.9 | 48.2 | 40.2 | 53.1 | 57.9 |
| U.S. government securities | 420.7 | 435.6 | 459.7 | 460.6 | 467.7 |
| Treasury | 71.8 | 78.5 | 91.2 | 83.2 | 80.2 |
| Agency- and GSE (1)-backed securities | 348.9 | 357.1 | 368.5 | 377.4 | 387.5 |
| Municipal securities | 26.1 | 30.1 | 32.5 | 36.6 | 35.3 |
| Corporate and foreign bonds | 1,620.2 | 1,768.0 | 1,840.7 | 1,841.9 | 1,889.7 |
| Policy loans | 104.5 | 106.1 | 106.9 | 110.2 | 113.9 |
| Mortgages | 260.9 | 273.3 | 285.5 | 303.8 | 326.2 |
| Corporate equities | 919.3 | 1,053.9 | 1,161.8 | 1,364.8 | 1,491.5 |
| Mutual fund shares | 91.7 | 114.4 | 109.0 | 148.8 | 161.4 |
| Miscellaneous assets | 74.7 | 126.6 | 153.1 | 147.1 | 121.6 |
(1) Government-sponsored enterprise.
Source: Board of Governors of the Federal Reserve System, June 5, 2008. |
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