A big part of the working capital that helps Indiana 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 $134 billion through mortgage loans for apartments/multi-family homes, farms and retail, and bond purchases for education, capital improvements and more. We are here to strengthen communities and families across the Hoosier State.
Investing in Apartments/ Multifamily
Life insurers have invested $1.6 billion in mortgage loans currently
dedicated for apartments and multifamily homes in Indianapolis,
Carmel, Anderson, Lafayette and Mishawaka and more, helping more
individuals and families call Indiana “home.”
Investing in Industry
By investing $1.7 billion in industrial mortgages in Fort Wayne,
Madison, Gary, Indianapolis and more, life insurers have helped
ensure Indiana remains a stalwart in industrial production in the
Midwest and the United States overall.
Investing in Capital Improvement
Life insurers have invested $467 million currently invested in bonds for
capital improvements that were issued by the state and local
authorities. This includes $210 million with the Indiana Finance
Authority, and nearly $6 million with the Speedway Redevelopment
Authority.
Investing in Agriculture
Life insurers have invested nearly $780 million in agricultural loans,
including $124 million in Pulaski County, $50 million in White County,
and $25 million in Fulton County.
Investing in Retail
With outstanding retail mortgage loans totaling nearly $480 million in
cities such as Evansville, Kokomo and South Bend, life insurers are
helping fuel the state’s economy and provide jobs. 26% percent of
jobs in Indiana are supported by the retail industry.
Investing in Education
Life insurers currently have invested $374 million in education-based
entities in the state, which includes the purchase of bonds issued by
the Purdue Research Foundation, the New Albany-Floyd County
Independent School District, the Lake Central Indiana Multi-District
School Building Corp. and more.