| Direct Premiums Written by Line, Life/Annuity Industry, 2021-2023 (1) |
($000)
|
| |
2021 |
2022 |
2023 |
| Lines of insurance |
Direct premiums
written (2) |
Percent
of total |
Direct premiums
written (2) |
Percent
of total |
Direct premiums
written (2) |
Percent
of total |
| Annuities |
|
|
|
|
|
|
| Ordinary individual annuities |
$206,548,091 |
26.9% |
$237,429,226 |
28.9% |
$348,527,214 |
37.0% |
| Group annuities |
163,115,551 |
21.3 |
160,156,376 |
19.5 |
150,840,408 |
16.0 |
| Total |
$369,663,642 |
48.2% |
$397,585,602 |
48.4% |
$499,367,622 |
53.0% |
| Accident and health (3) |
$209,352,083 |
27.3% |
$216,362,805 |
26.4% |
$229,001,732 |
24.3% |
| Life |
|
|
|
|
|
|
| Ordinary life |
148,026,526 |
19.3 |
163,998,690 |
20.0 |
168,683,473 |
17.9 |
| Group life (4) |
39,977,637 |
5.2 |
42,805,917 |
5.2 |
45,862,855 |
4.9 |
| Total |
$188,004,163 |
24.5% |
$206,804,607 |
25.2% |
$214,546,328 |
22.8% |
| All other lines |
422 |
(5) |
4,906 |
(5) |
5,517 |
(5) |
| Total, all lines (6) |
$767,020,310 |
100.0% |
$820,757,920 |
100.0% |
$942,921,199 |
100.0% |
(1) NAIC changed underlying reporting structure for Life-Annuity Exhibit 1, Part 1, Page 9 for 2023. Prior years are mapped from prior reporting structure.
(2) Before reinsurance transactions.
(3) Excludes accident and health premiums reported on the property/casualty and health annual statements.
(4) Group Life includes Credit Life and Industrial Life for 2022 and prior years due to changes in reporting structure.
(5) Less than 0.1 percent.
(6) Excludes deposit-type funds.
Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute. |
|