A big part of the working capital that helps Arizona open its doors, invest in new projects and grow its workforce comes from long-term investments by life insurers. Our companies have invested $138 billion in Arizona’s economy with agricultural loans, education bonds, apartments/multifamily mortgages and more. We are here to strengthen communities and businesses across the state.
- $107 billion in stocks and bonds that help finance business development and create new jobs
- $18 billion in real estate, loans and other investments
- $14 billion in mortgage loans on farms, residential, and commercial property
Investing in Apartment/ Multifamily
The industry dedicated $2.5 billion in mortgage loans for multi-family and apartment homes in Tucson, Phoenix and nearby areas, helping more individuals and families call the Grand Canyon State home.
Investing in Economic Development
From Tucson to Flagstaff, life insurers invested more than $6 billion in retail, office and industrial mortgages in Arizona, helping business owners open their doors, grow to new locations, ramp up manufacturing and more.
Investing in Education
Life insurers have invested nearly $486 million 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 have invested nearly $60 million in the Arizona State Health Facilities Authority and nearly $20 million in health care in Maricopa County.
Investing in Infrastructure
Life insurers have invested nearly $640 million in bonds to help build the state’s infrastructure, including $85 million in transportation bonds from state and city agencies, and $553 million in bonds from utility systems in Mesa, Glendale and Lake Havasu, among other investments.
Investing in Agriculture
Life insurers have invested nearly $360 million in agricultural loans in Arizona. From Yuma to Phoenix 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.