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 $26 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.
- $21 billion in stocks and bonds that help finance business development and create new jobs
- $4 billion in real estate, loans and other investments
- $460 million in mortgage loans on farms, residential, and commercial property
Investing in Agriculture
Life insurers have invested $279 million in agricultural loans, including
$192 million in McDowell County and other locales throughout the
state.
Investing in Education
The life insurance industry has invested $369 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 $52 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 $60 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 Apartments/Multifamily
The industry has dedicated $29 million in financing for apartments and
multifamily homes, including loans helping individuals and families in
Morgantown, Fairmont and Bluefield call West Virginia home.
Investing in Healthcare
Life insurers have invested $110 million in bonds issued by health
care systems in West Virginia.