A big part of the working capital that helps Alaska open its doors, 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 businesses across The Last Frontier.
Investing in Infrastructure
With the purchase of bonds issued by state and municipal agencies exceeding $145 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 more than $100 million in retail mortgages. These investments also boost employment in the state. In fact, 22 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 more than $56 million in mortgages for office space.
Investing in Affordable Housing
Life insurers have purchased more than $90 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 Matanuska-Susitna Borough, the Fairbanks North Star Borough, the city of Valdez, the University of Alaska at Fairbanks and more. In all, life insurers have invested $43 million by education-based entities in the state.
Investing in Agriculture
With $28 million invested in mortgage loans for agriculture, life insurers are helping boost the farm economy in The Last Frontier.