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7 The types of life and health insurers' investments in New Brunswick and Canada at the end of 2014 were: New Brunswick Canada $millions % $millions % Corporate securities* 4,356 37.0 222,444 34.6 Mutual funds* 3,263 27.7 163,277 25.4 Mortgages and real estate 889 7.6 84,813 13.2 Provincial bonds 1,915 16.3 83,294 13.0 Municipal bonds 112 0.9 20,260 3.2 Federal bonds* 606 5.1 29,840 4.6 Other* 630 5.4 38,581 6.0 Total 11,771 100% 642,509 100% *Part or all of these amounts has been attributed to New Brunswick 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 $11.3 billion in investments for the long- term – roughly 96 per cent of their total invested assets in New Brunswick. 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 thousands of buildings have been financed throughout New Brunswick.