The Federal Reserve Board says assets at U.S. life insurers grew a little in the first quarter, but not as much as overall U.S. wealth.
Life insurers held $4.35 trillion in assets in their own general accounts in the first quarter, or 3.2% more than they held in the first quarter of 2016, according to the Fed's latest Financial Accounts of the United States report. The report is an inventory of U.S. financial assets and obligations.
Overall U.S. net wealth increased 8.8% over that same period, to $87 trillion. For the country as a whole, the market value of domestic companies was an asset that performed especially well: the total market value of U.S. companies grew 15%, to $33 trillion.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Allison Bell
Allison Bell, ThinkAdvisor's insurance editor, previously was LifeHealthPro's health insurance editor. She has a bachelor's degree in economics from Washington University in St. Louis and a master's degree in journalism from the Medill School of Journalism at Northwestern University. She can be reached at [email protected] or on Twitter at @Think_Allison.
