Minnesota

A big part of the working capital that helps Minnesota 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 about $137 billion in Minnesota’s economy with agricultural loans, retail mortgages, investments in industry and more. We are here to strengthen communities and families across the North Star State.

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  • $109 billion in stocks and bonds that help finance business development and create new jobs
  • $19 billion in real estate, loans and other investments
  • $8 billion in mortgage loans on farms, residential, and commercial property
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Investing in Affordable Housing
With investments in the Minnesota Housing Finance Agency, among other entities committed to helping house low to middle-income Minnesotans, life insurers are contributing to strong, diverse cities, towns and neighborhoods. In all, they currently have $217 million invested in bonds that boost affordable housing.

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Investing in Apartments/ Multifamily
With investments in mortgages for apartments/multifamily units in Minneapolis-St. Paul, Rochester, St. Cloud and more, life insurers are helping families throughout the state call Minnesota “home.” In all, life insurers have provided $3.3 billion in financing for these loans in recent years.

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Investing in Office Space
Life insurers help keep Minnesota a hub for business and commercial activity by providing $1 billion in mortgage loans for office space in Minneapolis-St. Paul, Duluth, Rochester and more.

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Investing in Retail
A quarter of the jobs in the state are supported by the retail industry, says the National Retail Federation. Life insurers play a role in this story. They help keep people working and businesses thriving because of more than $900 million in retail mortgages they have provided.

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Investing in Industry
Industries in and around Minneapolis-St. Paul, as well as in Owatonna, Wilmar and more, have received $1 billion in financing from life insurers for mortgages. This helps make the state a manufacturing powerhouse in the upper Midwest.

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Investing in Agriculture
Life insurers have issued $544 million in agricultural loans, with farmers in Albert Lea, Grand Forks, Fergus Falls and more obtaining the financing they need to start and expand their operations in the state.