INSURERS AS INVESTORS
PROPERTY/CASUALTY INSURER FINANCIAL ASSET DISTRIBUTION, 2003-2007
($ billions)
2003
2004
2005
2006
2007
Total financial assets
$1,059.7
$1,162.2
$1,243.8
$1,329.3
$1,373.6
Checkable deposits and currency
34.6
25.9
21.0
29.9
42.7
Security repurchase agreements (1)
52.8
63.1
68.9
66.0
53.8
Credit market instruments
625.2
698.8
765.8
813.5
840.0
U.S. government securities
180.1
183.4
187.1
197.8
180.9
Treasury
64.7
71.3
69.2
75.8
55.1
Agency- and GSE (2)-backed securities
115.4
112.1
117.9
122.0
125.8
Municipal securities
224.2
267.8
313.2
335.2
368.7
Corporate and foreign bonds
218.9
245.3
262.8
277.0
285.6
Commercial mortgages
2.1
2.4
2.7
3.5
4.8
Corporate equities
178.4
196.6
199.5
227.0
235.3
Trade receivables
79.3
79.6
82.1
87.0
85.4
Miscellaneous assets
85.0
93.0
100.7
99.0
108.7
(1) Short-term agreements to sell and repurchase government securities by a specified date at a set price.
(2) Government-sponsored enterprise.
Source: Board of Governors of the Federal Reserve System, June 5, 2008.
