A big part of the working capital that helps North Dakota 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 $28 billion in North Dakota with agricultural loans, education bonds, retail mortgages and more. We are here to strengthen communities and families across the Peace Garden State.
- $24 billion in stocks and bonds that help finance business development and create new jobs
- $3 billion in real estate, loans and other investments
- $597 million in mortgage loans on farms, residential, and commercial property
Investing in Apartments/Multifamily
Life insurers have invested $177 million in recent years in apartment
buildings and multifamily units, helping individuals and families call the
Peace Garden State “home.”
Investing in Agriculture
Farmers in Ransom, Dickey, Sargent and other counties have
received mortgage financing from life insurers who have invested in
nearly $180 million. These investments help start and expand
agricultural operations in the state.
Investing in Infrastructure
Life insurers have purchased bonds issued by the Basin Electric
Power Cooperative totaling $121 million, helping 3 million consumers
in North Dakota and eight other states get the power they need.
Investing in Affordable Housing
The North Dakota Housing Finance Authority, dedicated to making
housing affordable for all North Dakotans, has raised $103 million
through bonds purchased by life insurers.
Investing in Retail
About 23 percent of jobs in the state are supported by the retail
industry, says the National Retail Federation. Life insurers are part of
this employment story, providing $55 million in retail mortgage loans.
Investing in Education
School districts in Kindred, Grand Forks, West Fargo and more have
issued bonds purchased by life insurers. In all, life insurers have
invested $46 million in education-based entities in the state.