| Top 10 Writers Of Group Life Insurance By Direct Premiums Written, 2023 |
($000)
|
| Rank |
Group/company |
Direct premiums written (1) |
Market share (2) |
| 1 |
MetLife Inc. |
$8,962,478 |
22.5% |
| 2 |
New York Life Insurance Group |
3,683,323 |
9.2 |
| 3 |
Prudential Financial Inc. |
3,652,745 |
9.2 |
| 4 |
Securian Financial Group |
2,895,928 |
7.3 |
| 5 |
Nationwide Mutual Group |
2,318,805 |
5.8 |
| 6 |
Hartford Life & Accident Insurance Co. |
2,252,138 |
5.7 |
| 7 |
Unum Group |
1,743,379 |
4.4 |
| 8 |
Lincoln National Corp. |
1,643,538 |
4.1 |
| 9 |
Standard Life & Casualty Insurance Co. |
1,172,829 |
2.9 |
| 10 |
Sun Life Financial |
853,485 |
2.1 |
(1) Before reinsurance transactions. Based on U.S. total, includes territories. Excludes annuities, accident and health, deposit-type contract funds and other considerations.
(2) Based on U.S. total, excluding territories.
Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute. |
|