Archived Tables

Current Table

U.S. INSURANCE SALES ABROAD, 2008 (1)

($ millions)

Country/region Sold directly Sold through affiliates of multinational corporations (2) Total
Canada $2,512 $5,908 $8,420
Europe 4,381 18,545 22,926
Latin America and other Western Hemisphere 3,699 10,402 14,101
Japan 1,530 15,744 17,274
Other 1,416 14,683 16,099
Total $13,538 $65,282 $78,820

(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 affiliate.

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

 
SALES OF INSURANCE OVERSEAS BY AFFILIATES OF U.S. INSURANCE COMPANIES, 1999-2006 (1)
  Life     Nonlife (2)    Total 
Year Sales
($ millions)
Percent change
 from prior year
Sales
($ millions)
Percent change
from prior year
Sales
($ millions)
Percent chang
 from prior year
1999 $24,970 20.5% $45,271 4.9% $70,241 10.0%
2000 33,140 32.7 50,743 12.1 83,883 19.4
2001 33,059 -0.2 46,406 -8.5 79,465 -5.3
2002 40,930 23.8 51,908 11.9 92,838 16.8
2003 42,134 2.9 59,128 13.9 101,262 9.1
2004 48,084 14.1 59,490 0.6 107,624 6.2
2005 54,944 14.3 67,278 13.1 122,222 13.6
2006 58,289 6.1 68,484 1.8 126,773 3.7
(1) Affiliates are majority-owned foreign affiliates of a U.S. company, defined as ones that are located in another country and are more than 50 percent owned by a U.S. multinational.
(2) Includes accident and health insurance.

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