A big part of the working capital that helps Idaho open its doors, invest in new projects and grow its workforce comes from long-term investments by life insurers. Our companies have invested $28 billion in Idaho’s economy with agricultural loans, education bonds, residential and retail mortgages and more. We are here to strengthen businesses and communities across the Gem State.
- $22 billion in stocks and bonds that help finance business development and create new jobs
- $4 billion in real estate, loans and other investments
- $2 billion in mortgage loans on farms, residential, and commercial property
Investing in Agriculture
Life insurers have invested more than $800 million in agricultural loans in Idaho. From barley to hops, cattle to milk, these loans provide the working capital farmers need to help produce more than 185 commodities across the state.
Investing in Affordable Housing
Life insurers have invested $61 million to the Idaho Housing and Finance Association. These loans help more individuals and families call Idaho home.
Investing in Apartment/Multifamily
The industry has dedicated $320 million in mortgage loans for multi-family and apartments, including $205 million in Boise, Meridian and nearby areas.
Investing in Education
Life insurers have invested $10 million in the Canyon County School District, $9 million in the school districts of Jefferson and Madison counties, and $3 million in the Blaine County School District.
Investing in Retail
Life insurers have invested $150 million in mortgages for retail businesses in Boise, Idaho Falls, Coeur d'Alene and throughout the state.
Investing in Healthcare
Life insurers provided $46 million in financing for the state’s Health Facilities Authority, which ensures nonprofit and public hospitals, clinics and nursing facilities can access the funds they need to upgrade their facilities, purchase new equipment and help keep even more Idahoans healthy.