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.
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Allison Bell
Allison Bell, a senior reporter at ThinkAdvisor and BenefitsPRO, previously was an associate editor at National Underwriter Life & Health. 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 through X at @Think_Allison.
