Top U.S. life and fraternal insurance companies
Rankings for Principal Financial Group Inc. and ING Americas Holding Group remained unchanged from 2006, with Principal remaining the ninth-largest life insurance company and ING Americas the fourth largest in terms of total premiums. Principal increased from a 2006 market share of 3.37 percent, while ING gained nearly a full percentage point from its 4.24 percent share in 2006. Nationwide moved down from No. 13 in 2006, dropping from 1.99 percent of U.S. market share to 1.74 percent in 2007.
Top U.S. life and fraternal insurance companies
(based on 2007 premiums)
|
Rank |
Company |
Direct Premiums (millions |
Market Share (percent) |
|
1 |
American International Group |
$57,091 |
7.63 |
|
2 |
Metropolitan Group |
57,040 |
7.62 |
|
3 |
Prudential of America Group |
43,291 |
5.78 |
|
4 |
ING Americas Holding Group |
38,564 |
5.15 |
|
5 |
Hartford Fire & Casualty Group |
35,175 |
4.70 |
|
6 |
Aegon US Holding Group |
32,341 |
4.32 |
|
7 |
John Hancock Group |
31,085 |
4.15 |
|
8 |
UnitedHealth Group |
29,927 |
4.00 |
|
9 |
Principal Financial Group |
25,645 |
3.43 |
|
10 |
Lincoln National Group |
22,521 |
3.01 |
|
11 |
New York Life Group |
22,402 |
2.99 |
|
12 |
AXA Insurance Group |
20,553 |
2.75 |
|
13 |
Pacific Life Group |
15,923 |
2.13 |
|
14 |
Mass Mutual Life Insurance Group |
14,780 |
1.97 |
|
15 |
Jackson National Group |
14,535 |
1.94 |
|
16 |
American Family Corp. Group |
13,249 |
1.77 |
|
17 |
Nationwide Corp. Group |
13,030 |
1.74 |
|
18 |
Aetna Group |
12,806 |
1.71 |
|
19 |
Ameriprise Financial Group |
12,597 |
1.68 |
|
20 |
Humana Group |
12,312 |
1.64 |
|
21 |
Genworth Financial Group |
10,457 |
1.40 |
|
22 |
Northwestern Mutual Group |
10,336 |
1.38 |
|
23 |
Allstate Insurance Group |
10,141 |
1.35 |
|
24 |
TIAA Family Group |
9,904 |
1.32 |
|
25 |
Allianz Insurance Group |
9,424 |
1.26 |
Total $748,568
Source: National Association of Insurance Commissioners
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