| 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. |
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