A big part of the working capital that helps Alabama open its doors to families, invest in new projects and grow its workforce comes from long-term investments by life insurers. Our companies have invested $67 billion in Alabama’s economy with agricultural loans, education bonds, residential and retail mortgages and more. We are here to strengthen communities and families across the Cotton State.
- $53 billion in stocks and bonds that help finance business development and create new jobs
- $10 billion in real estate, loans and other investments
- $4 billion in mortgage loans on farms, residential, and commercial property
Investing in Retail
Life insurers have long supported small businesses. Their investments in recent years in retail are one example. They provided loans in Albertville, Anniston-Oxford, Troy, Birmingham, Mobile, Montgomery and many others. In all, life insurer retail mortgage loans totaled nearly $650 million in Alabama.
Investing in Infrastructure
The Mobile Airport Authority, the Alabama State Port Authority, the Birmingham Water Works, and the Jefferson County Sewer Authority are just some of the entities maintaining and building the state’s infrastructure that have received financing from life insurers. In all, life insurers have purchased $775 million in municipal bonds for infrastructure in recent years.
Investing in Education
The Alabama State Public School & College Authority has received $258 million in financing from life insurers. The Tuscaloosa City Board of Education has received $20 million. Calhoun County Board of Education received $12 million. In all, life insurers in recent years have purchased $521 million in bonds issued by school districts, colleges, universities and other education-based entities, helping prepare Alabama students for the future.
Investing in Agriculture
Farmers in Selma, Anniston, Talladega and throughout the state are getting help from life insurers who have provided more than $440 million in agricultural mortgage loans.
Investing in Industry
Alabama, the Cotton State, is an industrial hub as well. Life insurers help industries thrive in Birmingham, Mobile, Huntsville and Auburn with financing. They have provided $485 million in industrial loans in recent years.
Investing in Residential
Life insurer financing of residential mortgage loans is helping individuals and families throughout the state to call Alabama “home.” In all, life insurers have issued $224 million in mortgage loans for single-family homes.