A big part of the working capital that helps Texas 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 $660 billion in the Texas economy with agricultural loans, education bonds, infrastructure financing and more. We are here to strengthen communities and families across the Lone Star State.
Investing in Agriculture
Life insurers have $1.4 billion invested in agricultural mortgage loans
in the state. This includes $300 million in Dumas; over $240 million in
Hartley county; nearly $125 million in Brewster county, and more.
Investing in Apartments/Multifamily
From Amarillo in north Texas to Brownsville on the border with Mexico,
life insurers have mortgage loan financing for apartment buildings and
multifamily units. With nearly $17 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 $10.4
billion that were 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 $5.8 billion in educational institutions in the
state, typically through bonds that were 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 investments in mortgage
loans for office space. In all, life insurers have provided $11.6 billion of
this type of financing for office space Lubbock, Austin, El Paso and
Sugar Land.
Investing in Industry
Texas is a hub for industrial development in the United States. Life
insurers help by supplying the financing for $8.3 billion in mortgage
loans for industries in San Antonio, The Woodlands, McAllen, Houston
and more.