A big part of the working capital that helps New York 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 $617 billion in New York’s economy with mortgages for apartments/multifamily units, retail and industrial, and bond purchases for education, infrastructure, affordable housing and more. We are here to strengthen communities and families across the Empire State.
- $483 billion in stocks and bonds that help finance business development and create new jobs
- $80 billion in real estate, loans and other investments
- $55 billion in mortgage loans on farms, residential, and commercial property
Investing in Retail
The industry has invested more than $6.6 billion in retail mortgages, helping make New York one of the world’s top states for retail shopping.
Investing in Education
Life insurers have invested more than $1.8 billion in bonds offered by state, local and private educational institutions.
Investing in Infrastructure
Life insurers have invested $9.8 billion for the state’s infrastructure -- to finance roads, bridges and tunnels, and to keep water clean and powered for the future.
Investing in Apartments/Multifamily
From New York City and nearby areas, to Rochester and throughout the state, the industry dedicated $13.4 billion for apartments/multifamily mortgage loans throughout the state, helping more individuals and families call the Empire State home.
Investing in Affordable Housing
The industry has invested more than $1.1 billion in bonds to help finance affordable housing in the state.
Investing in Industry
Life insurers have invested more than $2.5 billion in industrial mortgages in New York City, Buffalo, Syracuse and other towns and cities throughout the state.