A big part of the working capital that helps Utah 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 $72 billion in Utah’s economy with agricultural loans, education bonds, residential and retail mortgages and more. We are here to strengthen communities and families across the Beehive State.
- $52 billion in stocks and bonds that help finance business development and create new jobs
- $10 billion in real estate, loans and other investments
- $11 billion in mortgage loans on farms, residential, and commercial property
Investing in Industry
By providing industrial mortgages totaling $2.5 billion in Salt Lake City,
Ogden, Orem and other locales, life insurers have helped keep Utah a
leader in the West in industrial production.
Investing in Education
Life insurers have invested $112 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 $2 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 Apartments/Multifamily
Life insurers have invested $2.5 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 than $1.1 billion in mortgages
throughout the state.
Investing in Infrastructure
Life insurers have invested $682 million to finance Utah’s
infrastructure, including $11 million for the Central Utah Water
Conservancy District, and $64 million for the Salt Lake City airport.