Insurance Handbook

Net Premiums Written, Property/Casualty And Life/Annuities

There are three main insurance sectors. Property/casualty (P/C) consists mainly of auto, home and commercial insurance. Life consists mainly of life insurance and annuity products. Most private health insurance is written by insurers whose main business is health insurance. However, life and P/C insurers also write health coverage. In 2017 P/C net premiums written rose by 4.6 percent while life net premiums written fell by 0.5 percent.

Property/Casualty And Life/Annuity Insurance Net Premiums Written, 2009-2018

($000)

Year Property/casualty (1) Life/annuity (2) Total
2009 $422,931,285 $491,486,948 $914,418,233
2010 426,082,428 560,434,300 986,516,728
2011 441,585,290 602,255,968 1,043,841,258
2012 460,666,320 623,237,155 1,083,903,475
2013 481,604,890 560,069,272 1,041,674,162
2014 502,578,473 644,479,853 1,147,058,326
2015 520,047,073 635,549,216 1,155,596,289
2016 533,744,458 597,634,158 1,131,378,616
2017 558,135,348 594,910,567 1,153,045,915
2018 617,958,003 600,606,697 1,218,564,700
Percent change,
2009-2018		 46.1% 22.2% 33.3%

(1) Net premiums written after reinsurance transactions, excludes state funds, includes accident and health insurance.
(2) Includes premiums, annuity considerations (fees for annuity contracts), deposit-type funds and accident and health insurance.

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

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Property/Casualty And Life/Annuity Insurance Premiums, 2018 (1)

(US$ billions)

(1) Property/casualty: 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 Information Institute.

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Growth In Net Premiums Written, Property/Casualty And Life/Annuity Insurance, 2009-2018

(Percent change from prior year)

(1) Net premiums written after reinsurance transactions, excludes state funds, includes accident and health insurance.
(2) Includes premiums, annuity considerations (fees for annuity contracts), deposit-type funds and accident and health insurance.

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

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Direct Premiums Written, Property/Casualty And Life/Health

Property/Casualty And Life/Annuity Insurance Direct Premiums Written, 2009-2018

($000)

Year Property/casualty (1) Life/annuity (2) Total
2009 $483,161,839 $608,132,068 $1,091,293,908
2010 484,400,894 612,878,624 1,097,279,518
2011 502,011,305 656,924,642 1,158,935,946
2012 523,914,193 684,846,102 1,208,760,295
2013 546,334,118 646,630,185 1,192,964,304
2014 570,782,303 662,282,225 1,233,064,528
2015 591,757,789 681,077,936 1,272,835,725
2016 613,383,327 683,352,546 1,296,735,873
2017 642,509,475 691,374,713 1,333,884,188
2018 678,313,862 733,198,228 1,411,512,090
Percent change,
2009-2018		 40.4% 20.6% 29.3%

(1) Direct premiums written before reinsurance transactions, excludes state funds, includes accident and health insurance.
(2) Includes premiums, annuity considerations (fees for annuity contracts), deposit-type funds and accident and health insurance.

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

View Archived Tables