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, 2011-2015 (1)

 

Year Population
2011 313,232,044
2012 313,847,465
2013 316,668,567
2014 318,892,103
2015 321,368,864

(1) Estimated.

Source: U.S. Central Intelligence Agency.

 

 

Gross Domestic Product, 2011-2015 (1)

(U.S. $ billions)

Year GDP
2011 $14,720.0
2012 15,040.0
2013 16,720.0
2014 17,460.0
2015 17,950.0

(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.

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Life And Nonlife Insurance Premiums, 2015

(U.S. $ millions)

  Direct premiums written
Nonlife premiums (1) $763,766
Life premiums 552,506
Total premiums $1,316,271
Percent of total world premiums 28.9%

(1) Includes accident and health insurance.

Source: Swiss Re, sigma, No. 3/2016.

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Leading Nonlife Insurance Companies, 2015

 

   Direct written premiums (1)
Company USD Mn
State Farm Mutual Automobile Insurance $59,361.7
Allstate Corp. 30,180.8
Berkshire Hathaway Inc. 29,967.4
Liberty Mutual 29,848.4
Travelers Companies Inc. 23,200.3
Progressive Corp. 21,346.2
Chubb Ltd. (2) 20,671.1
Nationwide Mutual Group 19,577.8
American International Group (AIG) 19,066.2
Farmers Insurance Group of Companies (3) 19,050.7

(1) Before reinsurance transactions, includes state funds.
(2) Chubb Ltd. data reflect the 2015 merger with Ace Ltd.
(3) Data for Farmers Insurance Group of Companies and Zurich Financial Group (which owns Farmers' management company) are reported separately by S&P Global Market Intelligence.

Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.

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Leading Life Insurance Companies, 2015

   Direct written premiums (1)
Company USD Mn
MetLife Inc. $102,487.1
Prudential Financial Inc. 43,134.7
New York Life Insurance Group 29,647.5
Jackson National Life Group 27,457.2
AEGON 24,983.2
American International Group 24,976.8
Principal Financial Group Inc. 23,416.1
Massachusetts Mutual Life Insurance Co. 23,117.9
Lincoln National Corp. 22,676.9
AXA 19,478.2

(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: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.

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