U.S. insurance companies finance long-term improvements in the U.S. real economy that drive much-needed municipal infrastructure investments, support developers as they improve and construct commercial and multifamily properties, help farmers purchase needed land, buildings, and equipment, and fund a wide variety of business activity. As a large and important part of U.S. capital markets, insurers fill a vital role as institutional investors with a unique investment strategy. By investing policyholder premiums in anticipation of future claims, U.S. insurers deploy capital focused on longer-duration, relatively lower-volatility investments. These investments support businesses, households, and local governments and are an important source of stability to financial markets.