The life insurance market in the United States is both massive and highly competitive. In 2014, approximately 180 million Americans carried some form of life insurance.
In the same year, more than 900 insurers suffer from direct insurance premiums worth about $ 147 billion, written across the country.
The largest US life insurer, MetLife Inc., reported $ 11. 3 billion in written bonuses and a market share of almost 7.7%.
Three other insurers, Northwestern Mutual, New York Life and Prudential Financial, Inc., were able to capture more than 5% of the market and more than $ 7 billion for written premiums apiece.
Even the forty-ninth rating company Allstate Insurance said that more than $ 711 million in written premiums for market share is only 0.5%.
MetLife, Inc. (NYSE: MET METMetlife Inc53. 40-1. 71% Created with Highstock 4. 2. 6) is the largest US life insurance company as of 2015. She reported nearly $ 11. 3 billion in written bonuses in the domestic market, representing a market share of 7.6%. MetLife has written additional insurance premiums for life insurance in foreign markets, which amounted to just under $ 1 billion, making it one of the few companies on this list with a substantial life insurance business abroad.
MetLife is one of the largest global companies in any industry, reporting consolidated revenue of $ 73.3 billion in 2014. The company offers various insurance products, annuities, employee benefit programs and asset management services. It operates in nearly 50 countries and has over 100 million customers worldwide. MetLife has a market capitalization of about $ 56 billion.
The Northwest Mutual Life Insurance Company reported more than $ 9. 5 billion in written life insurance in 2014, which gives it about 6.5% of the US market. In addition to life insurance and other insurance products, the company offers annuities, investment products and financial planning services. Northwestern Mutual reported $ 26.7 billion in consolidated revenue in 2014.
As a mutual insurance company, Northwestern Mutual is managed in the interest of policyholders, not shareholders. The policyholder’s dividends amounted to 5 US dollars. 5 billion in 2014, about 5 billion US dollars were paid to policyholders. Of these dividend payments, about 75% was used to purchase additional insurance coverage of the North-West.
New york life
A New York life insurance company wrote about $ 8. 2 billion in national life insurance premiums in 2014, representing approximately 5.6% of the market. In addition to its life insurance business, New York Life also sells long-term insurance, annuities and mutual funds, and also manages a growing investment management business.
New York Life is a mutual insurance company and it is not publicly traded. It became the largest mutual life insurance company in the country, measured by consolidated revenue, which amounted to about 38 US dollars. 7 billion in 2014. The policyholder’s dividends amounted to almost 1 US dollar. 45 billion in the same year, of which about $ 1. 4 billion were paid to individual life insurance policyholders.
Prudential financial, Inc. (NYSE: PRU PRUPrudential Financial Inc111. 94-0. 40% Created with Highstock 4. 2. 6) — The fourth largest life insurance company in the United States. It is a publicly traded conglomerate of financial services offering insurance products, annuities, mutual funds, investment management services and other products. The company operates in 43 countries of the Americas, Europe and Asia.
Prudential Life Insurance Company is responsible for more than $ 7. 7 billion direct written prizes in the USA in 2014, which was good for almost 5.3% of the market. The company’s global consolidated revenue was $ 49. 6 billion in the same year. It has a market capitalization of $ 36. 4 billion.
Lincoln National Corp. (NYSE: LNC National Corporation LNCLincoln Corp. 40-1. 62% Created with Highstock 4. 2.6) is a company offering financial services, life insurance products, long-term care products, annuities and pension plan services for 17 million US customers . He does not work outside the United States. The company and its subsidiaries are sold to consumers under the brand name Lincoln Financial Group.
Lincoln National reported $ 6. 44 billion in life insurance premiums in 2014, representing about 4.4% of the total market share. Its consolidated revenue amounted to more than 13 US dollars. 7 billion a year, an increase of more than 13% over the previous year. Lincoln National has a market capitalization