Investing in Education
Life insurers have invested nearly $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 Apartment/Multifamily
The industry dedicated more than $27 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 nearly $30 billion in mortgages for offices throughout the state for business and commerce.
Investing in Retail
Life insurers have invested more than $11 billion to finance California ports, transportation and utilities in the state. This includes more than $1.3 billion for airports throughout the state, $855 million for San Francisco public utilities and $830 million for Los Angeles water and power.
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.
Investing in Agriculture
Life insurers issued more than $6 billion in agricultural loans in Bakersfield, Fresno, Napa and other cities and towns throughout California.