| Top 10 Writers Of Individual Life Insurance By Direct Premiums Written, 2023 |
($000)
|
| Rank |
Group/company |
Direct premiums written (1) |
Market share (2) |
| 1 |
Northwestern Mutual Life Insurance Co. |
$13,016,168 |
8.6% |
| 2 |
New York Life Insurance Group |
9,488,774 |
6.3 |
| 3 |
Massachusetts Mutual Life Insurance Co. |
8,933,121 |
5.9 |
| 4 |
Prudential Financial Inc. |
7,199,885 |
4.8 |
| 5 |
Lincoln National Corp. |
6,553,745 |
4.4 |
| 6 |
State Farm |
5,701,050 |
3.8 |
| 7 |
Transamerica |
4,908,439 |
3.3 |
| 8 |
John Hancock Life Insurance Co. |
4,777,569 |
3.2 |
| 9 |
Pacific Life |
4,578,316 |
3.0 |
| 10 |
Protective |
4,356,796 |
2.9 |
(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. |
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