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Investments of Life and Health Insurance Providers The savings of Canadians through life and health insurers are channelled into productive investments, and the earnings from these investments help keep down the cost of life and health insurance and guarantee future benefits for policyholders and beneficiaries. The accumulated savings, supporting long- term liabilities, also provide a source of stable capital for Canada's economic growth. Life and health insurance providers invest their assets in all regions of the country, wherever there are opportunities for capital investment. At the end of 2013, an estimated $240.3 billion of life and health insurers' investments were attributed to Ontario, reflecting the excellent investment opportunities in the province. Of these investments, $222.6 billion came from the funds held on behalf of Canadian policyholders. The remainder, $17.7 billion, was invested on behalf of foreign policyholders by companies of the United States registered to do business in Canada, as well as Canadian companies doing business outside Canada. The types of life and health insurers' investments in Ontario and Canada at the end of 2013 were: Ontario Canada $millions % $millions % Corporate securities* 88,326 36.8 204,634 35.3 Mutual funds* 54,690 22.8 144,073 24.8 Mortgages and real estate 34,834 14.5 82,231 14.2 Provincial bonds 26,722 11.1 71,038 12.3 Municipal bonds 10,589 4.4 18,215 3.1 Federal bonds* 10,847 4.5 27,407 4.7 Other* 14,264 5.9 32,651 5.6 Total 240,272 100% 580,249 100% *Part or all of these amounts has been attributed to Ontario by appropriate formulas. The industry's investments often support longer-term capital investments, including infrastructure investments, which are critical to creating economic growth. The industry is one of the largest investors in a variety of key asset classes. The investments of life and health insurance providers in federal, provincial and municipal bonds help governments provide essential services such as schools, roads and sanitation systems.