A big part of the working capital that helps Delaware 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 $34 billion in Delaware’s economy with agricultural loans, education bonds, residential and retail mortgages and more. We are here to strengthen communities and families across the state.
- $26 billion in stocks and bonds that help finance business development and create new jobs
- $7 billion in real estate, loans and other investments
- $2 billion in mortgage loans on farms, residential, and commercial property
Investing in Education
Life insurers have invested $266 million in bonds offered for
educational purposes in the state in recent years.
Investing in Apartments/Multifamily
Life insurers have invested $291 million in mortgage loans in the state
in recent years, including $234 million in Wilmington and $55 million in
Dover.
Investing in Office Space
Life insurers have invested $250 million in recent years in mortgages
for offices in Wilmington and other locations, helping build business
and commerce in the First State.
Investing in Industry
Life insurers have invested nearly $300 million in mortgage loans for
industry in the state in recent years.
Investing in Retail
The National Retail Federation reports that 26 percent of the jobs in
Delaware are supported by retail. Life insurers are part of this
employment story, providing nearly $200 million in mortgages for retail
operations.
Investing in Counties and Cities
The industry has invested over $100 million in capital improvements
and other state-based investments, including for projects in New
Castle County, Sussex County, and Kent County among others.