A big part of the working capital that helps California open its doors, invest in new projects and grow its workforce comes from long-term investments by life insurers. Our companies have invested $958 billion in California’s economy through education bonds, residential and retail mortgages and more. We are here to strengthen businesses and communities across the Golden State.
Investing in Education
Life insurers have invested nearly $9 billion in bonds for education in California. These bonds allow California schools to invest in safer school buildings, keep up with and enhance technology for students and staff, and ensure Golden State students have the tools they need to learn at their best.
Investing in Apartment/Multifamily
The industry dedicated more than $23 billion in mortgage loans for apartments and multifamily homes in Los Angeles, Oakland, Chula Vista, Santa Clara and more, helping more individuals and families call California home.
Investing in Office Space
With the largest economy among the states, California’s needs for office space is greatly aided by life insurers. They have invested $29 billion in mortgages for offices throughout the state for business and commerce.
Investing in Healthcare
The life insurance industry has invested more than $1 billion in bonds that help finance the University of California Medical Center, City of Hope health care facilities, the California Health Facilities Financing Authority, and much more.
Investing in Retail
More than $21 billion in investments in retail mortgages throughout the state help finance California’s world-class shopping and merchandising.
Investing in Infrastructure
Life insurers have invested $10.8 billion to finance California ports, transportation and utilities in the state, including $1.1 billion for airports throughout the state, $717 million for ports, $618 million for the Alameda Corridor Transportation Authority and more.