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.
- $25 billion in stocks and bonds that help finance business development and create new jobs
- $6 billion in real estate, loans and other investments
- $1 billion in mortgage loans on farms, residential, and commercial property
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.