A big part of the working capital that helps Arizona 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 $137 billion in Arizona’s economy with agricultural loans, education bonds, apartments/multifamily mortgages and more. We are here to strengthen communities and families across the state.
- $102 billion in stocks and bonds that help finance business development and create new jobs
- $19 billion in real estate, loans and other investments
- $17 billion in mortgage loans on farms, residential, and commercial property
Investing in Apartment/ Multifamily
The industry has dedicated $3.8 billion in mortgage loans for multi- family and apartment homes in Tucson, Phoenix and nearby areas in recent years, helping more individuals and families call the Grand Canyon State “home.”
Investing in Retail
From Tucson to Flagstaff, life insurers have invested nearly $2.9 billion in retail mortgages in Arizona in recent years, helping business owners open their doors, grow to new locations, and more. According to National Retail Federation, 29% of jobs in Arizona are supported by the retail industry.
Investing in Education
Life insurers have invested $422 million in recent years in bonds for education in Arizona. These investments provide for safer school buildings, they help the state keep up with and enhance technology for students and staff and ensure students in the Grand Canyon State have the tools they need to learn at their best.
Investing in Healthcare
Life insurers in recent years have invested $192 million in the Arizona State Health Facilities Authority, Arizona Honor Health, the Maricopa County Special Health Care District and more.
Investing in Infrastructure
Life insurers have invested $623 million in bonds to help build the state’s infrastructure, including $81 million in transportation and airport bonds from state and city agencies, and $542 million in bonds from utility systems in Mesa, Phoenix and Lake Havasu City, among other investments.
Investing in Agriculture
Life insurers have invested $522 million in agricultural loans in Arizona. From Yuma to Kingman and communities in between, these loans provide the working capital farmers and ranchers need to upgrade and purchase equipment, expand their land and sell their crops.