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Investments, Life/Annuity Insurers, 2019-2021 (1)

($ billions, end of year)

  Amount Percent of total investments
Investment type 2019 2020 2021 2019 2020 2021
Bonds  $3,087.8 $3,272.1 $3,415.5 71.11% 70.24% 69.88%
Stocks 105.3 117.1 133.5 2.43 2.51 2.73
     Preferred stock 12.9 14.6 19.2 0.30 0.31 0.39
     Common stock 92.4 102.5 114.3 2.13 2.20 2.34
Mortgage loans on real estate 565.5 587.2 625.9 13.02 12.60 12.81
     First lien real estate mortgage loans 557.3 579.2 617.9 12.83 12.43 12.64
     Real estate loans less first liens 8.3 8.0 8.0 0.19 0.17 0.16
Real estate 23.0 22.6 22.5 0.53 0.49 0.46
     Occupied properties 5.9 6.1 5.8 0.14 0.13 0.12
     Income generating properties 16.0 16.0 16.3 0.37 0.34 0.33
     Properties for sale 1.1 0.6 0.4 0.03 0.01 0.01
Cash, cash equivalent and short term investments 118.7 151.0 143.6 2.73 3.24 2.94
Contract loans including premium notes 131.0 130.4 128.7 3.02 2.80 2.63
Derivatives 79.5 121.5 96.6 1.83 2.61 1.98
Other invested assets 206.0 227.4 281.6 4.74 4.88 5.76
Receivables for securities 5.0 7.0 9.0 0.11 0.15 0.18
Securities lending reinvested collateral assets 15.5 16.2 18.8 0.36 0.35 0.38
Write-ins for invested assets 5.3 6.1 11.9 0.12 0.13 0.24
Total cash and invested assets $4,342.5 $4,658.6 $4,887.7 100.00% 100.00% 100.00%
(1) Data are net admitted assets of life/annuity insurers. Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.