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°µÍø½ûÇø Company Holdings Of U.S. Municipal Securities, 2020-2024

($ billions, end of year)

  2020 2021 2022 2023 2024
Property/casualty insurance companies 297.9 289.4 246.1 221.6 206.4
Life insurance companies 234.2 241.3 197.9 192.5 167.6
Total 532.1 530.7 444.0 414.1 374.0
Source: Board of Governors of the Federal Reserve System, September 11, 2025.