Issue link: http://clhia.uberflip.com/i/578749
7 The types of life and health insurers' investments in British Columbia and Canada at the end of 2014 were: British Columbia Canada $millions % $millions % Corporate securities* 25,878 33.6 222,444 34.6 Mutual funds* 18,906 24.5 163,277 25.4 Mortgages and real estate 13,431 17.4 84,813 13.2 Provincial bonds 8,308 10.8 83,294 13.0 Municipal bonds 2,152 2.8 20,260 3.2 Federal bonds* 4,574 5.9 29,840 4.6 Other* 3,869 5.0 38,581 6.0 Total 77,118 100% 642,509 100% *Part or all of these amounts has been attributed to British Columbia 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. In 2014, life and health insurers held approximately $70.4 billion in investments for the long- term – roughly 97 per cent of their total invested assets in British Columbia. 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. Investments in corporate securities (bonds and stocks) help finance new business ventures, and assist established companies to expand, thereby, creating more jobs. Insurance investments in mortgages and real estate help people finance their homes and build needed apartment and office buildings, stores and shopping centres, warehouses and factories. Literally tens of thousands of buildings have been financed throughout British Columbia.