Pennsylvania

A big part of the working capital that helps Pennsylvania 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 about $244 billion in Pennsylvania’s economy with agricultural loans, education bonds, residential and retail mortgages and more. We are here to strengthen communities and families across the Keystone State.

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  • $193 billion in stocks and bonds that help finance business development and create new jobs
  • $34 billion in real estate, loans and other investments
  • $18 billion in mortgage loans on farms, residential, and commercial property
Apartments

Investing in Apartments/ Multifamily
The industry has dedicated $3.5 billion in apartments/multifamily, including $2.4 billion in Philadelphia and surrounding areas, $232 million in East Stroudsburg, and $67 million in State College, helping individuals and families call the Keystone State “home.”

SingleFamily

Investing in Residential
Life insurers have invested $1.1 billion in single-family mortgages in the state, helping families in East Stroudsburg, York, New Castle and Scranton call Pennsylvania “home.”

Retail

Investing in Retail
More than $2.7 billion in investments in retail mortgages throughout the state help finance Pennsylvania’s shopping and merchandising. Twenty-six percent of jobs in the state are supported by retail, according to the National Retail Federation.

Education2

Investing in Education
Life insurers have invested more than $2.3 billion in bonds for education. From financing for the School District of Philadelphia to the University of Pittsburgh and Penn State, these bonds allow schools to invest in safer buildings, enhance technology and ensure Pennsylvania students have the tools they need to learn at their best.

CapitalImprovements

Investing in Capital Improvements
With more than $1.7 billion invested in the Scranton Redevelopment Authority, the Commonwealth Financing Authority, and the Delaware Valley Regional Financing Authority, life insurers are helping cities and towns throughout the Keystone State modernize.

WaterTreatment

Investing in Infrastructure
Life insurers have invested $1.8 billion to finance Pennsylvania ports, transportation and clean water, including $1 billion for the Pennsylvania State Turnpike, $37 million for the Allegheny County Airport Authority and over $100 million for the Erie County Water Authority.