A big part of the working capital that helps Connecticut 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 $103 billion in Connecticut’s economy through office space and retail mortgages and more. We are here to strengthen communities and families across the Nutmeg State.
- $83 billion in stocks and bonds that help finance business development and create new jobs
- $16 billion in real estate, loans and other investments
- $4 billion in mortgage loans on farms, residential, and commercial property
Investing in Affordable Housing
Life Insurers have invested $136 million with the Connecticut Housing
Finance Authority in recent years, which helps alleviate the shortage
of housing for low- to moderate-income families and persons in the
state.
Investing in Apartments/ Multifamily
The industry has dedicated in recent years $900 million in mortgage
loans for apartment buildings and multifamily homes in Bridgeport,
Norwich, Hartford, New Haven and more, helping more individuals
and families call Connecticut “home.”
Investing in Infrastructure
Life insurers in recent years have purchased special tax obligation
bonds for transportation infrastructure purposes, and bonds to help
finance water pollution control. In all, they have provided $339 million
for infrastructure in the Nutmeg state.
Investing in Education
Life insurers have invested $52 million in entities dedicated to higher
education in recent years, including the University of Connecticut,
Sacred Heart University and Wesleyan University.
Investing in Office Space
Life insurers have invested $632 million in mortgages for offices in
Hartford, Bridgeport, New Haven, Norwich and other cities and towns
throughout the state.
Investing in Retail
With retail mortgage loans in recent years totaling $732 million in cities
such as Torrington, Hartford, and New London, life insurers are
helping fuel the state’s economy and provide jobs. 24 percent of jobs
in Connecticut are supported by the retail industry.