A big part of the working capital that helps Indiana businesses open their doors, invest in new projects and grow their workforce comes from long-term investments by life insurers. Our companies have invested $100 billion in Indiana’s economy with agricultural loans, education bonds, residential and retail mortgages and more. We are here to strengthen businesses and communities across the Hoosier State.
- $100 billion invested in Indiana’s economy
- $82 billion in stocks and bonds that help finance business development and create new jobs
- $5 billion in mortgage loans on farms, residential, and commercial property
Investing in Agriculture
Life insurers have invested $900 million in agricultural loans, including $117 million in Pulaski County, $60 million in White County, and $43 million in Blackford County. These loans provide the working capital area farmers need to upgrade and purchase equipment and expand their land.
Investing in Apartment/ Multifamily
The industry has dedicated over $1.4 billion in mortgage loans for apartments and multifamily homes, including $43 million in Indianapolis, Terre Haute, and Mishawaka, helping more individuals and families call Indiana home.
Investing in Economic Development
Life insurers have provided $2.2 billion in industrial, retail and office mortgages, including more than $1.1 billion in industrial loans, helping manufacturers in Fort Wayne, Lafayette and Indianapolis secure the space they need to build and grow.
Investing in Education
The life insurance industry has invested $521 million in bonds for education in Indiana. These bonds allow schools to invest in safer buildings, keep up with and enhance technology for students and staff, and ensure students in the Hoosier state have the tools they need to learn at their best.
Investing in Infrastructure
Life insurers have invested $225 million in bonds for transportation and utilities in the state, including $92 million for the Indiana Municipal Power Agency, $15 million for sewer works in Evansville and $8 million for the Patoka Lake Regional Water and Sewer District.
Investing in Residential
The life insurance industry has invested in families in the Hoosier state, providing nearly $100 million in mortgages for residential homes, from Evansville in southern Indiana to Elkhart in northern Indiana.
2020 data.
#MeetingTheMoment
Life insurance companies plan ahead. Not just to deliver for our policyholders. But to help our communities in times of need. We are #MeetingTheMoment.