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 $630 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.
Investing in Retail
The industry has invested $6.7 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 $2.2 billion in bonds offered by
state, local and private educational institutions.
Investing in Infrastructure
Life insurers have invested $9 billion for the state’s infrastructure -- to
finance roads, bridges and tunnels, and to keep water clean and to
keep New York powered for the future.
Investing in Apartments/Multifamily
From New York City and nearby areas, to Rochester and throughout
the state, the industry dedicated $14 billion for apartments/multifamily
mortgage loans, helping more individuals and families call the Empire
State “home”.
Investing in Affordable Housing
The industry has invested $1.2 billion in bonds to help finance
affordable housing in the state.
Investing in Industry
Life insurers have invested $2.9 billion in industrial mortgages in New
York City, Buffalo, Syracuse and other towns and cities throughout the
state.