As of December 31, 2023
Statement Value | $ millions | % of invested assets |
|---|---|---|
Bondsi | 52,093 | 71.0% |
Commercial mortgagesii | 7,657 | 10.4% |
Policy loans | 5,106 | 7.0% |
Private & real estate equity | 3,800 | 5.2% |
Affiliates & subsidiariesiii | 2,008 | 2.7% |
Public equity, cash, short-term & other invested assets | 2,738 | 3.7% |
Total invested assetsiv | 73,402 | 100% |
i Total bonds consist of 94% Investment Grade and 6% Below Investment Grade public and private debt but excludes surplus note debentures classified as Schedule BA invested assets, commercial mortgages, and preferred stock.
ii Includes commercial mortgage loans and mortgage debt funds.
iii Affiliates and subsidiaries includes $913 million in affiliates classified as LLCs on the annual statement that are not private equity.
iv Presentation of Invested Assets is a condensed view which will not align to the Audited Statutory Financial Statements.
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