A big part of the working capital that helps Washington 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 $174 billion in Washington’s economy with agricultural loans, education and infrastructure bonds, office space mortgages and more. We are here to strengthen communities and families across the Evergreen State.
Investing in Agriculture
In Garfield County, the Spokane Valley, Ellensburg and more, life
insurers have invested significantly in recent years. They have
provided nearly $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 Clark counties, and more. In all, they have
invested $690 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 $8.6 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 Olympia, Yakima, Bremerton and Shelton as
well.
Investing in Industry
Washington is a world-class manufacturing state supported by life
insurers. They have provided $3.3 billion in industrial loans for
businesses in Bellevue, Spokane, Mount Vernon, Olympia and more.
Investing in Infrastructure
Governmental agencies responsible for roads, bridges, ports and
utilities have received $2.2 billion in financing from life insurers. This
includes $174 million in bonds issued by the Central Puget Sound
Regional Transit Authority; $225 million for port-related bonds; and
$1.8 billion for public utilities throughout the state responsible for
handling sewage and providing clean water and electricity.