A big part of the working capital that helps Maryland open its doors, invest in new projects and grow its workforce comes from long-term investments by life insurers. Our companies have invested $124 billion in Maryland’s economy with investments in apartments/multifamily units, education bonds, residential and retail mortgages and more. We are here to strengthen businesses and communities across the state.
Investing in Residential
With $736 million invested in residential loans in Salisbury, Cambridge, Towson and more, life insurers are helping families and individuals build their lives in the “Free State.”
Investing in Apartment/ Multifamily
The industry dedicated over $3.2 billion in mortgage loans for multi-family and apartment homes in Baltimore and nearby areas, helping more individuals and families call Maryland home.
Investing in Retail
From Baltimore to Hagerstown, life insurers invested more than $2 billion in retail mortgages in Maryland, helping business owners open their doors, expand to new locations and strengthen Maryland’s Main Streets and downtowns.
Investing in Infrastructure
With the purchase of $440 million in bonds from the Maryland Transportation Authority, life insurers are helping to keep surface transportation moving in the state. When combined with bonds purchased for utilities, total life insurer investments in Maryland infrastructure total $782 million.
Investing in Education
Life insurers have invested $133 million with the University of Maryland, $17 million with Baltimore County for school construction bonds and $2 million with Frederick Community College. In all, life insurers have invested $289 million in educational institutions in the state.
Investing in Industry
With investments totaling $1.3 billion for industrial mortgage loans in Maryland, life insurers are supporting both employers and employees in the manufacturing industry.