Virginia

A big part of the working capital that helps Virginia open its doors, invest in new projects and grow its workforce comes from long-term investments by life insurers. Our companies have invested $171 billion in Virginia’s economy with agricultural loans, education and affordable housing bonds, retail mortgages and more. We are here to strengthen communities and businesses across the Old Dominion.

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  • $133 billion in stocks and bonds that help finance business development and create new jobs
  • $21 billion in real estate, loans and other investments
  • $17 billion in mortgage loans on farms, residential, and commercial property
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Investing in Education
Life insurers have purchased nearly $1.3 billion in bonds issued by education-based entities, including the Virginia Public School Authority among others.

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Investing in Affordable Housing
Life insurers have invested more than $1 billion with the Virginia Housing Development Authority, which helps Virginians attain quality, affordable housing.

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Investing in Apartments/Multifamily
In Newport News, Richmond and other cities, life insurers have invested nearly $4.8 billion in mortgages for apartment buildings and multifamily units, helping families call Virginia “home.”

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Investing in Infrastructure
Life insurers have invested in the Virginia Commonwealth Transportation Board, the Fairfax County Water Authority, the Chesapeake Transportation System and more, with bond purchases for a wide range of infrastructure needs exceeding $919 million.

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Investing in Retail
By providing $3.7 billion in retail mortgage loans, life insurers play a role in boosting employment in Virginia. The National Retail Federation says that 24 percent of jobs are supported by the retail industry in the state.

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Investing in Agriculture
Life insurers have invested $94 million in agricultural loans that provide the working capital Virginia farmers need to purchase equipment and support their operations.