A big part of the working capital that helps Utah open its doors, invest in new projects and grow its workforce comes from long-term investments by life insurers. Our companies have invested $68 billion in Utah’s economy with agricultural loans, education bonds, residential and retail mortgages and more. We are here to strengthen businesses and communities across the Beehive State.
- $52 billion in stocks and bonds that help finance business development and create new jobs
- $8 billion in real estate, loans and other investments
- $9 billion in mortgage loans on farms, residential, and commercial property
Investing in Industry
The industry has dedicated $1 billion in mortgage loans for industry in Salt Lake City, Ogden, Orem and other locales, helping manufacturing grow in the state and support 20 percent of Utah jobs.
Investing in Education
Life insurers have invested nearly $135 million in bonds for education in Utah. These bonds allow Utah schools to invest in safer buildings, keep up with and enhance technology for students and staff, and ensure the state’s students have the tools they need to learn at their best.
Investing in Office Space
Life insurers have invested $1.7 billion in mortgages for offices in Salt Lake City, Provo, Logan, St. George and more, helping build business and commerce in the Beehive State.
Investing in Apartment/Multifamily
Life insurers have invested more than $1.6 billion in mortgages for apartments and multifamily units, helping millions of individuals and families call the Beehive state “home.”
Investing in Retail
The life insurance industry has remained a steady source of funding for retail in the state, investing more $1.3 billion in mortgages throughout the state.
Investing in Infrastructure
Life insurers have invested more than $750 million to finance Utah utilities, including $143 million for the Central Utah Water Conservancy District, and $60 million for the Salt Lake City airport.