A big part of the working capital that helps Indiana open its doors, invest in new projects and grow its workforce comes from long-term investments by life insurers. Our companies have invested $127 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 businesses across the Hoosier State.
- $104 billion in stocks and bonds that help finance business development and create new jobs
- $17 billion in real estate, loans and other investments
- $6 billion in mortgage loans on farms, residential, and commercial property
Investing in Apartment/ Multifamily
Life insurers have more than $1.5 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 providing nearly $1.8 billion in industrial mortgages in Terry Haute, 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 $541 million currently invested in bonds for capital improvements that were issued by the state and local authorities. This includes more than $240 million with the Indiana Finance Authority, and nearly $6 million with the Speedway Redevelopment Authority.
Investing in Agriculture
Life insurers have invested more than $780 million in agricultural loans, including $145 million in Pulaski County, $52 million in White County, and $25 million in Fulton County. These and other life insurer-issued loans provide the working capital farmers need to purchase and upgrade equipment, buy and expand land.
Investing in Retail
With outstanding retail mortgage loans totaling nearly $440 million in cities such as Evansville, Kokomo and South Bend, life insurers are helping fuel the state’s economy and provide jobs. More than 25 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.