F117. Life Insurance Companies

Federal Reserve definition for F117 flow of funds table

The life insurance companies sector encompasses all mutual and stock legal reserve life insurance companies in the U.S.

These companies write about 98 percent of the life insurance policies in effect in the U.S. (the remainder are written by fraternal societies, savings banks, and the federal government.)

They also administer individual and group annuities.

The companies' major nonfinancial source of funds is premium receipts; the also receive substantial investment income from their holdings of tangible and financial assets, primarily corporate and government agency bonds and corporate equities.

Their major liabilities are reserves set aside for future benefit payments.

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