A big part of the working capital that helps California 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 $979 billion in California’s economy through education bonds, residential and retail mortgages and more. We are here to strengthen communities and families across the Golden State.
- $691 billion in stocks and bonds that help finance business development and create new jobs
- $123 billion in real estate, loans and other investments
- $165 billion in mortgage loans on farms, residential, and commercial property
Investing in Education
Life insurers have invested $13 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 Apartments/ Multifamily
The industry dedicated nearly $29 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 need for office space is greatly aided by life insurers. Life insurers have invested $29 billion in mortgages for offices throughout the state for business and commerce.
Investing in Retail
Nearly $20 billion in investments in retail mortgages throughout the state help finance California’s world-class shopping and merchandising. 25% of jobs in the state are supported by retail.
Investing in Infrastructure
Life insurers have invested $12 billion to finance California ports, transportation and utilities in the state, including $1.6 billion for airports, $716 million for the Alameda Corridor Transportation Authority, and more.
Investing in Agriculture
Life insurers issued nearly $7 billion in agricultural loans in Bakersfield, Fresno, Napa and other cities and towns throughout California.