A big part of the working capital that helps New York open its doors, invest in new projects and grow its workforce comes from long-term investments by life insurers. Our companies have invested $657 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 businesses and communities across the Empire State.
Investing in Retail
The industry has invested more than $7 billion in retail mortgages, helping make New York one of the nation’s top states for retail shopping.
Investing in Education
Life insurers have invested $1.5 billion in bonds offered by state, local and private educational institutions.
Investing in Infrastructure
Life insurers have invested $8.7 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 $12.5 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 $560 million in bonds to help finance affordable housing in the state.
Investing in Industry
Life insurers have invested $1.8 billion in industrial mortgages in New York City, Buffalo, Syracuse and other towns and cities throughout the state.