U.S. Insurance Industry: All Sectors

Premiums

NET PREMIUMS WRITTEN, PROPERTY/CASUALTY AND LIFE/HEALTH

There are three main insurance sectors. Property/casualty (P/C) consists mainly of auto, home and commercial insurance. Life/health (L/H) consists mainly of life insurance and annuity products. Most private health insurance is written by insurers whose main business is health insurance. However, L/H and P/C insurers also write this coverage. P/C net premiums written rose by 4.4 percent, and L/H net premiums written rose by 15.1 percent in 2014.

 

PROPERTY/CASUALTY AND LIFE/HEALTH INSURANCE NET PREMIUMS WRITTEN, 2005-2014

($000)

Year Property/casualty (1) Life/health (2) Total
2005 $422,448,786 $520,220,499 $942,669,285
2006 447,803,479 564,983,111 1,012,786,590
2007 446,179,922 596,148,902 1,042,328,824
2008 440,318,983 607,250,216 1,047,569,199
2009 423,528,077 491,637,251 915,165,328
2010 425,878,773 560,608,885 986,487,658
2011 441,562,154 602,296,889 1,043,859,043
2012 460,486,285 623,258,729 1,083,745,014
2013 481,265,997 559,949,077 1,041,215,074
2014 502,584,384 644,503,730 1,147,088,114
Percent change,
2005-2014
19.0% 23.9% 21.7%

(1) Net premiums written after reinsurance transactions, excludes state funds.
(2) Premiums, annuity considerations (fees for annuity contracts) and deposit-type funds for life/health insurance companies.

Source: SNL Financial LC.

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U.S. PROPERTY/CASUALTY AND LIFE/HEALTH INSURANCE PREMIUMS, 2014 (1)

(1) Property/casualty: net premiums written after reinsurance transactions, excludes state funds; life/health: premiums, annuity considerations (fees for annuity contracts) and deposit-type funds.

Source: SNL Financial LC.

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GROWTH IN U.S. PREMIUMS, PROPERTY/CASUALTY AND LIFE/HEALTH INSURANCE, 2005-2014

(Percent change from prior year)

(1) Net premiums written after reinsurance transactions, excludes state funds.
(2) Premiums and annuity considerations (fees for annuity contracts) for life/health insurance companies.

Source: SNL Financial LC.

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DIRECT PREMIUMS WRITTEN, PROPERTY/CASUALTY AND LIFE/HEALTH

 

PROPERTY/CASUALTY AND LIFE/HEALTH INSURANCE DIRECT PREMIUMS WRITTEN, 2005-2014

($000)

Year Property/casualty (1) Life/health (2) Total
2005 $494,700,641 $559,584,322 $1,054,284,963
2006 508,324,604 600,580,462 1,108,905,066
2007 510,979,916 645,651,813 1,156,631,729
2008 498,690,753 661,930,391 1,160,621,144
2009 483,081,379 608,285,532 1,091,366,911
2010 484,404,467 613,073,913 1,097,478,381
2011 502,005,179 656,968,773 1,158,973,951
2012 523,881,547 684,868,448 1,208,749,995
2013 546,136,268 646,652,656 1,192,788,924
2014 570,731,653 662,304,443 1,233,036,096
Percent change,
2005-2014
15.4% 18.4% 17.0%

(1) Direct premiums written before reinsurance transactions, excludes state funds. Includes all business written by U.S. filing companies including business in U.S. territories, Canada and other alien areas.  
(2) Premiums, annuity considerations (fees for annuity contracts) and deposit-type funds for life/health insurance companies.

Source: SNL Financial LC.

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