Archived Tables

Current Table

FOREIGN INSURANCE SALES IN THE U.S., 2008 (1)

($ millions)

Country/region Purchased directly from foreign firms Purchased through majority-owned U.S. affiliates of multinational corporations (2) Total
Canada $897 $6,520 $7,417
Europe 26,017 33,497 59,514
Latin America and other
Western Hemisphere
28,546 4,646 33,192
Japan 226 774 1,000
Other (3) 421 2,225 2,646
Total $56,107 $47,662 $103,769

(1) Largely based on premiums. Includes adjustments for "normal" i.e., expected losses and premium supplements (income due to policy holders). Cross-border insurance also includes auxiliary insurance. Includes all types of insurance, including property/casualty, life and reinsurance.
(2) Based on primary industry of the ultimate beneficial owner.
(3) For services purchased through majority-owned U.S. affiliates, includes U.S. affiliates with a foreign parent, but whose ultimate beneficial owner is in the United States.

Source: U.S. Department of Commerce, Bureau of Economic Analysis, International Division.

 
SALES OF INSURANCE IN THE UNITED STATES BY FOREIGN-OWNED COMPANIES, 2002-2006 (1)
  Life Nonlife (2) Total 
Year Sales
($ millions)
Percent change
 from prior year
Sales
($ millions)
Percent change
 from prior year
Sales
($ millions)
Percent change
 from prior year
2002 $44,917 NA $63,619 NA $108,536 NA
2003 43,869 -2.3% 68,324 7.4% 112,193 3.4%
2004 45,720 4.2 62,353 -8.7 108,073 -3.7
2005 48,759 6.6 60,479 -3.0 109,238 1.1
2006 67,191 37.8 65,311 8.0 132,502 21.3
(1) Foreign majority-owned companies.  Due to reclassifications resulting from the 2002 benchmark survey, data prior to 2002 are not available.
(2) Includes accident and health insurance.

NA=Data not available.

Source: U.S. Department of Commerce, Bureau of Economic Analysis, International Investment Division.