A big part of the working capital that helps West 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 $24 billion in West Virginia’s economy with agricultural loans, education bonds, residential and retail mortgages and more. We are here to strengthen communities and families across the Mountain State.
- $20 billion in stocks and bonds that help finance business development and create new jobs
- $3 billion in real estate, loans and other investments
- $871 million in mortgage loans on farms, residential, and commercial property
Investing in Agriculture
Life insurers have invested $217 million in agricultural loans, including $112 million in McDowell County and a total $105 million in Elkins and Charleston.
Investing in Education
The life insurance industry has invested $186 million in bonds for education in West Virginia. These bonds allow schools to invest in safer buildings, keep up with and enhance technology for students and staff, and ensure students in the state have the tools they need to learn at their best.
Investing in Economic Development
The life insurance industry has purchased bonds totaling $86 million offered by the West Virginia Economic Development Authority. This is financing that promotes and retains new and existing commercial and industrial development.
Investing in Retail
Life insurers have invested $100 million in retail mortgage loans in the Mountain State, helping finance business and commerce in Martinsburg, Beckley, Charleston and Morgantown, among other cities and towns.
Investing in Apartment/Multifamily
The industry has dedicated over $53 million in financing for apartments and multifamily homes, including loans helping individuals and families in Morgantown, Fairmont and Huntington call West Virginia home.
Investing in Healthcare
Life insurers have invested $70 million in bonds issued by health care systems in West Virginia.