A big part of the working capital that helps Oklahoma open its doors, invest in new projects and grow its workforce comes from long-term investments by life insurers. Our companies have invested $64 billion in Oklahoma with mortgages for retail, industry, residential and infrastructure, and bonds for education, health care and more. We are here to strengthen businesses and communities across the Sooner State.
Investing in Infrastructure
Life insurers have invested nearly $450 million in entities that are building and improving infrastructure in the state. This includes the Oklahoma Turnpike Authority, the Oklahoma City Airport Trust, the Grand River Dam Authority and the Oklahoma Municipal Power Authority.
Investing in Retail
One-quarter of the jobs in Oklahoma are supported by the retail industry, says the National Retail Federation. And life insurers are part of this employment story. They have provided $209 million in retail mortgage loans in the state.
Investing in Education
Bonds issued by Oklahoma University, Oklahoma State University, the Oklahoma Agricultural & Mechanical College, Bryan County School District and more have been purchased by life insurers. In all, life insurer bond purchases from education-based entities in the state total $292 million.
Investing in Industry
Life insurers have provided industrial mortgage loans in Oklahoma City and Tulsa totaling $189 million.
Investing in Residential
With $56 million in investments in mortgages for single-family homes in Stillwater, Tahlequah, Muskogee, Shawnee and more, life insurers are helping individuals and families call Oklahoma “home.”
Investing in Healthcare
Life insurers have purchased bonds issued by health care entities in Oklahoma totaling $67 million. These investments have been made in Norman Regional Hospital, the Midwest City Memorial Hospital Authority, Arbuckle Memorial Hospital and more.