A big part of the working capital that helps Texas open its doors, invest in new projects and grow its workforce comes from long-term investments by life insurers. Our companies have invested $631 billion in the Texas economy with agricultural loans, education bonds, infrastructure financing and more. We are here to strengthen businesses and communities across the Lone Star State.
Investing in Agriculture
Life insurers have issued nearly $1 billion in large agricultural mortgage loans – two loans in Brewster County, averaging $65 million, for example -- and small loans. Five loans have been issued in Runnels County averaging $38,000, for example; five in El Campo averaging $44,000; and nine in Fayette County averaging $59,000.
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 $15 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 more than $8.8 billion issued by such entities as the Texas Transportation Commission, Love Field Airport, the Port of Port Arthur, the Houston Utility System and more.
Investing in Education
Life insurers have purchased bonds issued by the University of Texas valued at nearly $1 billion; nearly $1 billion in bonds issued by Texas A&M; Dallas Independent School District bonds totaling $468 million and $221 million issued by Texas Tech, and more. In all, life insurers have invested nearly $6 billion in educational entities in the state.
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 more than $12 billion of this type of financing in places like Sugar Land, Arlington, Austin and Round Rock.
Investing in Industry
Texas is a hub for industrial development in the United States. Life insurers help by providing more than $7 billion in mortgage loans for industries in San Antonio, El Paso, Dallas, Houston and more.