Current Table

Life/Annuity Insurance Benefits And Claims, 2014-2018

($000)

  2014 2015 2016 2017 2018
Death benefits $65,960,933 $72,320,822 $73,996,171 $74,942,640 $77,430,727
Matured endowments, excluding annual
pure endowments
350,488 397,554 420,287 437,591 381,587
Annuity benefits 69,583,732 73,535,187 74,769,738 77,043,317 78,392,309
Disability, accident and health benefits (1) 113,572,825 115,468,861 120,056,048 126,787,598 132,337,071
Coupons, pure endowment and
similar benefits
18,992 18,237 19,509 19,406 11,216
Surrender benefits, withdrawals
for life contracts
281,532,892 272,998,652 265,095,216 308,928,847 350,278,917
Group conversions 28,088 48,382 30,872 25,719 26,702
Interest and adjustments on deposit
type contracts
7,749,827 8,009,313 9,407,551 8,348,035 9,539,457
Payments on supplementary contracts
with life contingencies
2,237,030 2,120,777 2,062,662 2,106,523 2,152,431
Increase in aggregate reserve 100,984,602 72,537,331 123,731,601 98,004,458 133,817,431
Total benefits and claims $642,018,058 $617,451,481 $669,589,655 $696,644,134 $784,367,507

(1) Excludes benefits paid by health insurance companies and property/casualty insurance companies.

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

 
LIFE INSURANCE INDUSTRY BENEFITS AND LOSSES, 2005-2009

($000)

  2005 2006 2007 2008 2009
Death benefits $50,489,979 $53,205,823 $55,365,319 $57,867,372 $57,563,484
Matured endowments, excluding annual pure endowments 577,785 555,622 558,004 621,121 649,643
Annuity benefits 60,594,808 67,320,456 68,862,621 66,521,109 64,023,574
Disability, accident and health benefits (1) 74,235,894 91,168,248 101,548,206 113,685,324 120,218,042
Coupons, pure endowment, and similar benefits 117,909 20,647 12,070 18,655 17,027
Surrender benefits, withdrawals with life contracts 226,012,081 271,991,585 305,165,095 291,562,349 228,671,086
Group conversions 26,461 14,744 23,084 14,440 26,577
Interest and adjustments on deposit-type contracts 14,706,834 16,730,226 17,814,679 15,031,218 10,400,946
Payments on supplementary contracts with life contingencies 1,916,111 1,955,777 1,965,088 1,457,854 1,524,723
Increase in aggregate reserve 88,870,985 53,062,809 17,512,377 129,178,264 88,648,666
Total benefits and losses $517,548,846 $556,025,937 $568,826,543 $675,957,707 $571,743,766

(1) Does not include benefits paid by health insurance companies and property/casualty insurance companies.

Source: SNL Financial LC.

 
LIFE INSURANCE INDUSTRY BENEFITS AND LOSSES, 2006-2010

($000)

  2006 2007 2008 2009 2010
Death benefits $53,199,699 $55,365,319 $57,867,372 $57,612,244 $56,524,186
Matured endowments, excluding annual pure endowments 555,622 558,004 621,121 650,024 679,246
Annuity benefits 67,320,456 68,862,621 66,521,109 64,061,981 66,781,657
Disability, accident and health benefits (1) 91,167,556 101,548,206 113,685,324 120,247,081 121,334,184
Coupons, pure endowment and similar benefits 20,647 12,070 18,655 17,027 16,264
Surrender benefits, withdrawals with life contracts 271,991,585 305,165,095 291,562,349 228,695,583 216,846,811
Group conversions 14,749 23,084 14,440 26,516 29,136
Interest and adjustments on deposit-type contracts 16,730,226 17,814,679 15,031,218 10,404,404 9,541,406
Payments on supplementary contracts with life contingencies 1,955,777 1,965,088 1,457,854 1,527,361 1,578,300
Increase in aggregate reserve 53,062,809 17,512,377 129,178,264 88,635,846 86,627,147
Total benefits and losses $556,019,126 $568,826,543 $675,957,707 $571,878,067 $559,958,335

(1) Does not include benefits paid by health insurance companies and property/casualty insurance companies.

Source: SNL Financial LC.

 
LIFE INSURANCE INDUSTRY BENEFITS AND LOSSES, 2007-2011

($000)

  2007 2008 2009 2010 2011
Death benefits $55,365,319 $57,857,956 $57,609,758 $56,523,314 $60,628,971
Matured endowments, excluding annual pure endowments 558,004 621,018 649,867 679,242 767,092
Annuity benefits 68,862,621 66,517,129 64,061,436 66,781,657 70,873,443
Disability, accident and health benefits (1) 101,548,206 111,893,856 118,292,626 119,594,551 119,109,874
Coupons, pure endowment and similar benefits 12,070 18,655 17,027 16,264 16,075
Surrender benefits, withdrawals with life contracts 305,165,095 291,543,802 228,688,291 216,846,768 237,281,879
Group conversions 23,084 14,440 26,516 29,136 27,884
Interest and adjustments on deposit-type contracts 17,814,679 15,031,048 10,404,385 9,541,403 9,829,729
Payments on supplementary contracts with life contingencies 1,965,088 1,457,848 1,527,354 1,578,300 1,690,841
Increase in aggregate reserve 17,512,377 129,186,885 88,820,781 86,625,320 131,374,825
Total benefits and losses $568,826,543 $674,142,638 $570,098,041 $558,215,953 $631,600,613

(1) Does not include benefits paid by health insurance companies and property/casualty insurance companies.

Source: SNL Financial LC.

 
LIFE INSURANCE INDUSTRY BENEFITS AND CLAIMS, 2009-2013

($000)

  2009 2010 2011 2012 2013
Death benefits $57,595,091 $56,507,462 $60,611,373 $61,701,439 $62,577,038
Matured endowments, excluding annual pure endowments 649,867 679,242 767,092 415,088 369,299
Annuity benefits 64,061,288 66,781,512 70,873,226 70,296,382 74,882,585
Disability, accident and health benefits (1) 106,246,906 106,119,469 105,151,994 107,765,827 111,016,901
Coupons, pure endowment and similar benefits 17,027 16,264 16,075 17,179 17,234
Surrender benefits, withdrawals for life contracts 228,688,291 216,846,768 237,281,879 245,728,482 248,768,774
Group conversions 26,516 29,136 27,884 27,891 52,893
Interest and adjustments on deposit-type contracts 10,404,385 9,541,403 9,829,729 7,321,437 8,197,554
Payments on supplementary contracts with life contingencies 1,527,354 1,578,300 1,690,841 1,809,677 1,985,919
Increase in aggregate reserve 88,782,277 86,623,252 131,335,226 76,437,745 78,012,695
Total benefits and claims $558,001,763 $544,723,271 $617,585,318 $571,521,145 $585,880,892

(1) Excludes benefits paid by health insurance companies and property/casualty insurance companies.

Source: SNL Financial LC.

 
LIFE INSURANCE INDUSTRY BENEFITS AND CLAIMS, 2010-2014

($000)

  2010 2011 2012 2013 2014
Death benefits $56,507,462 $60,611,234 $61,701,263 $62,538,083 $65,961,289
Matured endowments, excluding
annual pure endowments
679,242 767,092 415,088 368,210 350,488
Annuity benefits 66,781,512 70,873,226 70,296,382 74,882,585 69,583,732
Disability, accident and
health benefits (1)
106,029,818 104,982,729 107,525,331 110,931,697 113,589,753
Coupons, pure endowment
and similar benefits
16,264 16,075 17,179 17,222 18,992
Surrender benefits, withdrawals
for life contracts
216,846,768 237,281,879 245,728,482 248,702,238 281,532,892
Group conversions 29,136 27,884 27,891 52,893 28,088
Interest and adjustments on
deposit type contracts
9,541,403 9,829,729 7,321,437 8,195,240 7,749,827
Payments on supplementary
contracts with life contingencies
1,578,300 1,690,841 1,809,677 1,985,919 2,237,030
Increase in aggregate reserve 86,623,332 131,335,283 76,438,193 78,024,348 100,982,446
Total benefits and claims $544,633,701 $617,415,972 $571,280,922 $585,698,435 $642,034,537

(1) Excludes benefits paid by health insurance companies and property/casualty insurance companies.

Source: SNL Financial LC.

 
Life Insurance Industry Benefits And Claims, 2011-2015

($000)

  2011 2012 2013 2014 2015
Death benefits $60,609,925 $61,699,965 $62,537,003 $65,961,376 $72,321,581
Matured endowments, excluding
annual pure endowments
767,092 415,088 368,210 350,488 397,554
Annuity benefits 70,873,226 70,296,382 74,882,585 69,583,732 73,535,200
Disability, accident and health benefits (1) 104,964,677 107,507,088 110,806,435 113,589,753 115,472,213
Coupons, pure endowment
and similar benefits
16,075 17,179 17,222 18,992 18,237
Surrender benefits, withdrawals
for life contracts
237,281,666 245,728,327 248,702,088 281,532,892 272,998,652
Group conversions 27,884 27,891 52,893 28,088 48,382
Interest and adjustments on
deposit type contracts
9,829,729 7,321,437 8,195,240 7,749,827 8,009,313
Payments on supplementary
contracts with life contingencies
1,690,841 1,809,677 1,985,919 2,237,030 2,120,777
Increase in aggregate reserve 131,334,694 76,439,405 78,027,832 100,983,247 72,537,076
Total benefits and claims $617,395,809 $571,262,436 $585,575,427 $642,035,425 $617,455,351

(1) Excludes benefits paid by health insurance companies and property/casualty insurance companies.

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

 
Life Insurance Industry Benefits And Claims, 2013-2017

($000)

  2013 2014 2015 2016 2017
Death benefits $62,536,974 $65,961,305 $72,320,822 $73,996,171 $74,942,640
Matured endowments, excluding
annual pure endowments
368,210 350,488 397,554 420,287 437,591
Annuity benefits 74,882,585 69,583,732 73,535,187 74,769,738 77,043,317
Disability, accident and
health benefits (1)
110,789,199 113,572,825 115,468,861 120,056,048 126,787,233
Coupons, pure endowment
and similar benefits
17,222 18,992 18,237 19,509 19,406
Surrender benefits, withdrawals
for life contracts
248,702,088 281,532,892 272,998,652 265,095,216 308,928,847
Group conversions 52,893 28,088 48,382 30,872 25,719
Interest and adjustments on
deposit type contracts
8,195,238 7,749,827 8,009,313 9,407,551 8,348,035
Payments on supplementary
contracts with life contingencies
1,985,919 2,237,030 2,120,777 2,062,662 2,106,523
Increase in aggregate reserve 78,028,839 100,984,602 72,537,331 123,731,601 98,004,386
Total benefits and claims $585,558,162 $642,018,430 $617,451,481 $669,589,655 $696,643,698

(1) Excludes benefits paid by health insurance companies and property/casualty insurance companies.

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