Insurance Industry at a Glance

U.S. insurance industry net premiums written totaled $1.7 trillion in 2024, with premiums recorded by property/casualty (P/C) insurers accounting for 53.1 percent, and premiums by life/annuity insurers accounting for 46.9 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 $932.5 billion in 2024.
The life/annuity insurance sector consists of annuities, accident and health, and life insurance. Net premiums written for the sector totaled $822.6 billion in 2024.

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