A big part of the working capital that helps Maryland 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 $120 billion in Maryland’s economy with investments in apartments/multifamily units, education bonds, residential and retail mortgages and more. We are here to strengthen communities and families across the state.
- $87 billion in stocks and bonds that help finance business development and create new jobs
- $15 billion in real estate, loans and other investments
- $18 billion in mortgage loans on farms, residential, and commercial property
Investing in Residential
With $1.3 billion invested in residential loans in Salisbury, Cambridge, Towson and more, life insurers are helping families and individuals build their lives in the “Free State.”
Investing in Apartment/ Multifamily
The industry has more than $3.8 billion today in mortgage loans for multi-family and apartment homes in Baltimore, Hagerstown and throughout the state, helping more individuals and families call Maryland home.
Investing in Retail
From Columbia to Cambridge and Cumberland – in addition Baltimore to Hagerstown -- life insurers have invested more than $3.2 billion in retail mortgages. They’re helping business owners open their doors, expand to new locations and strengthen Maryland’s Main Streets and downtowns.
Investing in Infrastructure
With the purchase of nearly $500 million in bonds from the Maryland Transportation Authority, life insurers are helping to keep surface transportation moving in the state. When combined with bonds purchased for utilities, total life insurer investments in Maryland infrastructure total $692 million.
Investing in Education
Life insurers have invested $254 million in bonds issued by educational entities based in Baltimore, Frederick, Prince George’s County, Montgomery County and more, helping to ensure the state’s students are intellectually prepared for the future.
Investing in Industry
With current investments totaling $2.3 billion for industrial mortgage loans in Maryland, life insurers are supporting both employers and employees in the manufacturing industry.