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, 2014

(U.S. $ millions)

  Direct premiums written
Nonlife premiums (1) $752,222
Life premiums 528,221
Total premiums $1,280,443
Percent of total world premiums 26.80%

(1) Includes accident and health insurance.

Source: Swiss Re, sigma, No. 4/2015.

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LEADING NONLIFE INSURANCE COMPANIES, 2014

   Direct written premiums (1)
Company USD Mn
State Farm Mutual Automobile Insurance 58,508.6
Liberty Mutual 29,364.6
Allstate Corp. 28,892.1
Berkshire Hathaway Inc. 26,555.5
Travelers Companies Inc. 22,790.8
Progressive Corp. 20,056.9
Nationwide Mutual Group 18,935.9
American International Group (AIG) 18,654.0
Farmers Insurance Group of Companies (2) 18,611.7
USAA Insurance Group 15,678.2

(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, 2014

  Direct written premiums (1)
Company USD Mn
MetLife Inc. 95,331.1
Prudential Financial Inc. 44,720.1
New York Life Insurance Group 28,393.8
Jackson National Life Group 26,708.2
AEGON 25,339.2
Lincoln National Corp. 24,329.1
American International Group 23,279.9
Principal Financial Group Inc. 18,894.8
Manulife Financial Corp. 18,513.8
Massachusetts Mutual Life Insurance Co. 16,818.4

(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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