A big part of the working capital that helps Alaska 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 $18 billion in Alaska with bond purchases for infrastructure, mortgages for retail and office space, agricultural loans and more. We are here to strengthen communities and families across The Last Frontier.
- $15 billion in stocks and bonds that help finance business development and create new jobs
- $2 billion in real estate, loans and other investments
- $236 million in mortgage loans on farms, residential, and commercial property
Investing in Infrastructure
With the purchase of bonds in recent years issued by state and municipal agencies exceeding $50 million for utility and transportation projects, life insurers are helping keep Alaska powered, on the move and prepared for the future.
Investing in Retail
Life insurers are strong supporters of retail in The Last Frontier, investing $82 million in recent years in retail mortgages. These investments also boost employment in the state. In fact, 23 percent of Alaska's jobs are supported by the retail industry, according to the National Retail Federation.
Investing in Office Space
Alaskans love the great outdoors, but the state also needs office space for work and to keep the state’s economy moving. Life insurers have helped, providing $45 million in mortgages for office space in recent years.
Investing in Housing
Life insurers have purchased $44 million in bonds issued by the Alaska Housing Finance Corporation, whose mission is to provide Alaskans access to safe, quality, affordable housing.
Investing in Education
Life insurers have purchased bonds issued by the city of Valdez, the University of Alaska at Fairbanks and more. In all, life insurers have invested $91 million in education-based entities in the state in recent years.
Investing in Residential
Life insurers are helping families in The Last Frontier obtain single-family homes by investing $32 million in mortgage loans in recent years. On average, these families received mortgages of more than $240,000.