Virginia

A big part of the working capital that helps Virginia 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 $168 billion in Virginia’s economy with agricultural loans, education and affordable housing bonds, retail mortgages and more. We are here to strengthen communities and families across the Old Dominion.

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  • $129 billion in stocks and bonds that help finance business development and create new jobs
  • $22 billion in real estate, loans and other investments
  • $17 billion in mortgage loans on farms, residential, and commercial property
Education

Investing in Education
Life insurers have purchased $1.3 billion in bonds issued by education-based entities, including $274 million from the Virginia Public School Authority and $61 million from the Virginia Commonwealth University.

AffordableHousing

Investing in Affordable Housing
Life insurers have invested $1.4 billion with the Virginia Housing Development Authority, which helps Virginians attain quality, affordable housing.

Apartments

Investing in Apartments/Multifamily
In Newport News, Richmond and other cities, life insurers have invested $6 billion in mortgages for apartment buildings and multifamily units, helping families call the Old Dominion “home.”

Infrastructure3

Investing in Infrastructure
Life insurers have investments today in the Virginia Commonwealth Transportation Board, the Virginia State Port Authority, the Henrico County Water and Sewer System, the Richmond Metropolitan Authority Expressway, the Fairfax County Water Authority, and more, with bond purchases for a wide range of infrastructure totaling $738 million.

Retail2

Investing in Retail
By providing $3.2 billion in retail mortgage loans, life insurers play a role in boosting employment in Virginia. The National Retail Federation says that 25 percent of jobs are supported by the retail industry in the state.

Agriculture4

Investing in Agriculture
Life insurers have invested $85 million in agricultural loans that provide the working capital Virginia farmers need to purchase equipment and support their operations.