A big part of the working capital that helps Massachusetts 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 $185 billion in Massachusetts’ economy with agricultural loans, education bonds, residential and retail mortgages and more. We are here to strengthen communities and families across the Bay State.
- $134 billion in stocks and bonds that help finance business development and create new jobs
- $26 billion in real estate, loans and other investments
- $24 billion in mortgage loans on farms, residential, and commercial property
Investing in Education
Life Insurers have invested more than $2 billion in bonds for education in Massachusetts. These bonds allow schools in the state to invest in safer buildings, keep up with and enhance technology for students and staff, and ensure Bay State students have the tools they need to learn at their best.
Investing in Office Space
Life insurers have invested more than $9 billion in and around Boston in mortgages for office space, fueling the city’s historic role as the center of business and commerce in New England.
Investing in Apartment/Multifamily
The industry has dedicated more than $5.7 billion to mortgage loans for apartment/multifamily homes throughout the state, including $118 million in Worcester, helping more individuals and families call the Commonwealth of Massachusetts home.
Investing in Retail
Life insurers have invested in $1.4 billion retail mortgages in the state – this includes $85 million in Springfield, $75 million in Barnstable, $11 million in Pittsfield, in addition to $1.1 billion in and around Boston.
Investing in Industry
Life insurers have invested more than $1.4 billion in mortgage loans for Bay State industries, from large loans in Boston and nearby areas totaling $1 billion, to mid-size loans totaling $138 million in Worcester, to smaller loans totaling nearly $3 million in Springfield.