United States

The country profile below provides information on population, gross domestic product, insurance premiums and leading insurers.

Insurance Association

Insurance Information Institute
Web: www.iii.org

 

POPULATION, 2011-2014 (1)

Year Population
2011 313,232,044
2012 313,847,465
2013 316,668,567
2014 318,892,103

(1) Estimated.

Source: U.S. Central Intelligence Agency.

 

 

GROSS DOMESTIC PRODUCT, 2009-2013 (1)

Year GDP
2009 $14,580.0
2010 14,260.0
2011 14,720.0
2012 15,040.0
2013 16,720.0

(1) Based on Purchasing Power Parity calculations, which take into account the relative cost of living and inflation rates of countries. GDP estimate for July for each year shown.

Source: U.S. Central Intelligence Agency.

 

 

LIFE AND NONLIFE INSURANCE PREMIUMS, 2013

(U.S. $ millions)

  Direct premiums written
Nonlife premiums (1) $726,397
Life premiums 532,858
Total premiums $1,259,255
Percent of total world premiums 27.13%

(1) Includes accident and health insurance.

Source: Swiss Re, sigma, No. 3/2014.

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LEADING NONLIFE INSURANCE COMPANIES, 2013

  Direct written premiums (1)
Company  USD Mn
State Farm Mutual Automobile Insurance 55,994.2
Liberty Mutual 28,906.3
Allstate Corp. 27,583.6
American International Group 23,169.1
Travelers Companies Inc. 22,842.9
Berkshire Hathaway Inc. 18,284.1
Farmers Insurance Group of Companies (2) 18,079.5
Nationwide Mutual Group 17,802.7
Progressive Corp. 17,562.6
USAA Insurance Group 14,562.0

(1) Before reinsurance transactions, includes some state funds.
(2) Data for Farmers Group and Zurich Financial Group (which owns Farmers’ management company) are reported separately by SNL Financial.

Source: SNL Financial LC.

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LEADING LIFE INSURANCE COMPANIES, 2013

  Direct written premiums (1)
Company USD Mn
MetLife Inc.  85,001.7
Prudential Financial Inc.  41,407.4
Jackson National Life Group  25,728.1
AEGON  24,499.9
Lincoln National Corp.  24,274.1
New York Life Insurance Group  24,223.4
American International Group 21,698.6
Voya Financial Inc. 20,228.6
Manulife Financial Corp. 19,263.2
Principal Financial Group Inc.  18,909.4

(1) Includes life insurance, annuity considerations, deposit-type contract funds, other considerations; excludes accident and health insurance from life/health insurers. Before reinsurance transactions.

Source: SNL Financial LC.

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