A big part of the working capital that helps Delaware open its doors, invest in new projects and grow its workforce comes from long-term investments by life insurers. Our companies have invested $33 billion in Delaware’s economy with agricultural loans, education bonds, residential and retail mortgages and more. We are here to strengthen businesses and communities across the state.
Investing in Education
Life insurers have invested nearly $275 million in bonds offered for educational purposes in the state in recent years.
Investing in Apartments/Multifamily
Life insurers have invested nearly $326 million in mortgage loans in the state in recent years, including $251 million in Wilmington and nearly $57 million in Dover.
Investing in Residential
Life insurers are helping middle-income Delaware resident obtain single-family homes. They have invested more than $110 million in single family home mortgages in Delaware in recent years. The average mortgage on these homes is approximately $175,000.
Investing in Industry
Life insurers have invested nearly $330,000 million in mortgage loans for industry in the state in recent years.
Investing in Infrastructure
Life insurers have invested $27 million in recent years to finance infrastructure needs in the First State, including nearly $19 million for the Delaware River and Bay Authority, nearly $4 million for the Delaware Sustainable Energy Utility, $3 million for the Delaware Solid Waste Authority.
Investing in Counties and Cities
The industry has invested $271 million in capital improvements and other state-based investments, including nearly $40 million for New Castle County and $6 million for Middletown.