Insurance Industry at a Glance

U.S. insurance industry net premiums written totaled $1.8 trillion in 2025, with premiums recorded by property/casualty (P/C) insurers accounting for 55.3 percent, and premiums by life/annuity insurers accounting for 44.7 percent, according to S&P Global Market Intelligence.
P/C insurance consists primarily of auto, homeowners, and commercial insurance. Net premiums written for the sector totaled $979.1 billion in 2025.
The life/annuity insurance sector consists of annuities, accident and health, and life insurance. Net premiums written for the sector totaled $790.4 billion in 2025.

P/C And L/A Insurance Premiums, 2025 (1)

($ billions)

(1) P/C: net premiums written after reinsurance transactions, excludes state funds; life/annuity: premiums, annuity considerations (fees for annuity contracts) and deposit-type funds. Both sectors include accident and health insurance.

Source: NAIC data, sourced from S&P Global Market Intelligence: Insurance Expense Exhibits, Summary of Operations; Insurance Information Institute.

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Insurance Industry at a Glance

P/C And L/A Insurance Premiums, 2025 (1)

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