A big part of the working capital that helps Mississippi 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 $37 billion in Mississippi with agricultural loans, education bonds, residential and retail mortgages and more. We are here to strengthen communities and families across the Magnolia State.
- $29 billion in stocks and bonds that help finance business development and create new jobs
- $6 billion in real estate, loans and other investments
- $2 billion in mortgage loans on farms, residential, and commercial property
Investing in Agriculture
With life insurers providing $524 million in mortgage loan financing for
farms in Scott, Tallahatchie, Sharkey and other counties in recent
years they are supporting a leading industry in the Magnolia State.
Investing in Healthcare
Life insurers have purchased bonds issued by the Baptist Memorial
Health, North Mississippi Health and Forrest County General Hospital
in recent years totaling $19 million.
Investing in Industry
Industries in Jackson, Laurel, Hattiesburg and northern Mississippi
have received mortgage financing from life insurers totaling $900
million.
Investing in Retail
Twenty-seven percent of the jobs in the state are supported by the
retail industry, says the National Retail Federation. And life insurers
are part of this employment story, providing $89 million currently in
mortgage retail loans.
Investing in Apartments/Multifamily
With $156 million in investments in apartment buildings and
multifamily units in Oxford, Jackson, Gulfport, Biloxi and other cities
today, life insurers and helping individuals and families call Mississippi
“home.”
Investing in Education
Life insurers have invested $136 million in bonds for education in
recent years. These bonds allow Mississippi schools to invest in safer
buildings, enhance technology for students and staff, and ensure the
state’s students have the tools they need to learn at their best.