A big part of the working capital that helps Washington open its doors, invest in new projects and grow its workforce comes from long-term investments by life insurers. Our companies have invested $179 billion in Washington’s economy with agricultural loans, education and infrastructure bonds, office space mortgages and more. We are here to strengthen businesses and communities across the Evergreen State.
- $131 billion in stocks and bonds that help finance business development and create new jobs
- $21 billion in real estate, loans and other investments
- $27 billion in mortgage loans on farms, residential, and commercial property
Investing in Agriculture
In Garfield, the Spokane Valley, Ellensburg and more, life insurers have invested significantly. They have provided over $1.2 billion in financing for agricultural loans, playing a role in helping new farmers obtain their land and in veteran farmers expanding their operations.
Investing in Education
Life insurers have purchased bonds issued by school districts in King, Snohomish, Kitsap and Spokane counties, and more. In all, they have invested more than $700 million in bonds issued by educational institutions in the state – that’s financing for better schools and improved technologies.
Investing in Apartments/Multifamily
From Seattle to Spokane, and from Vancouver to Walla Walla, life insurers have been providing financing for apartments and multifamily units that help families across the state call Washington “home.” In all, life insurers have invested more than $6.6 billion in mortgage loans.
Investing in Office Space
Life insurers have provided nearly $6 billion in financing for office space in the state, with major investments in Seattle, Tacoma and Bellevue. Industry investments spanned the state, with life insurers financing office space in Longview, Yakima, Port Angeles and Shelton as well.
Investing in Industry
Washington is a world-class manufacturing state supported by life insurers. They have provided $2.6 billion in industrial loans for businesses in Bellevue, Spokane, Mount Vernon, Olympia and more.
Investing in Infrastructure
Governmental agencies responsible for roads, bridges, airports and utilities have received $2.5 billion in financing from life insurers. This includes more than $255 million in bonds issued by the Central Puget Sound Regional Transit Authority; $200 million for port-related bonds; and more than $2 billion for public utilities throughout the state responsible for handling sewage and providing clean water and power.