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.
- $489 billion in stocks and bonds that help finance business development and create new jobs
- $85 billion in real estate, loans and other investments
- $57 billion in mortgage loans on farms, residential, and commercial property
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.