Investing in Agriculture
Life insurers have issued more than $1.2 billion in agricultural mortgage loans. This includes loans of more than $215 million in Dumas; nearly $200 million in El Campo; and more than $10 million in Gainesville. and more.
Investing in Apartments/Multifamily
From Amarillo in north Texas to Brownsville on the border with Mexico, life insurers have provided mortgage loans for apartment buildings and multifamily units. With nearly $16 billion in investments, life insurers are helping individuals and families call Texas “home.”
Investing in Infrastructure
Roads, bridges, airports, clean water and energy rarely are connected to the life insurance industry in Texas, but they should be! That’s because life insurers significantly invest in transportation and utilities in the state. In all, life insurers have purchased bonds totaling nearly $9.8 billion issued by such entities as the Texas Transportation Commission, Dallas-Fort Worth International Airport, the Port of Port Arthur, the Houston Utility System and more.
Investing in Education
Life insurers have invested nearly $6 billion in educational institutions in the state, typically through bonds issued by numerous universities, including the University of Texas, Texas A&M, Texas Tech, Baylor and more. They also have helped finance through bond purchases the Dallas Independent School District, the Katy School District and more.
Investing in Office Space
Business and commerce thrive in the Lone Star State, thanks in part to the help life insurers provide through their issuance of mortgage loans for office space. In all, life insurers have provided nearly $12 billion of this type of financing in places like Amarillo, Austin, El Paso and Sugarland.
Investing in Industry
Texas is a hub for industrial development in the United States. Life insurers help by providing nearly $7 billion in mortgage loans for industries in San Antonio, The Woodlands, McAllen, Houston and more.