A big part of the working capital that helps Pennsylvania open its doors, invest in new projects and grow its workforce comes from long-term investments by life insurers. Our companies have invested $250 billion in Pennsylvania’s economy with agricultural loans, education bonds, residential and retail mortgages and more. We are here to strengthen businesses and communities across the Keystone State.
- $204 billion in stocks and bonds that help finance business development and create new jobs
- $32 billion in real estate, loans and other investments
- $14 billion in mortgage loans on farms, residential, and commercial property
Investing in Apartment/ Multifamily
The industry has dedicated $2.1 billion in apartments/multifamily, including $1.4 billion in Philadelphia and surrounding areas, $120 million in Harrisburg and Carlisle, and $20 million in Reading, contributing to a vibrant and affordable housing market.
Investing in Economic Development
Life insurers have invested $7.6 billion in office, retail and industrial mortgages in Pennsylvania, helping businesses secure factory space, grow their manufacturing and strengthen local economies.
Investing in Agriculture
Life insurers have invested $25 million in agriculture loans in St. Mary's, Gettysburg and Williamsport.
Investing in Education
Life insurers have invested $1.5 billion in bonds for education. From financing for the School District of Philadelphia to the University of Pittsburgh, these bonds allow schools to invest in safer buildings, keep up with and enhance technology, and ensure Pennsylvania students have the tools they need to learn at their best.
Investing in Retail
Life insurers have invested nearly $3 billion in retail mortgages in York, State College, Lancaster and the largest cities in the state, helping business owners open their doors and expand to new locations.
Investing in Infrastructure
Life insurers have invested $1.1 billion to finance Pennsylvania ports, transportation and clean water, including $860 million for the Pennsylvania State Turnpike and $15 million for the Horsham Water and Sewer Authority.
Investing in Residential
The industry has committed $200 million in residential mortgage loans, including $55 million in Pittsburgh and $35 million in Allentown, Bethlehem and Easton, helping thousands of individuals and families call the Keystone state "home".