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Number of life insurance companies in the U.S. 1950-2017
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Number of life insurance companies in the U.S. 1950-2017
Development in the total number of life insurance companies in the United States from 1950 to 2017
by Jennifer Rudden,
last edited
Jul 17, 2019
The statistic presents the total number of life insurance companies in the United States from 1950 to 2017. In 2017, there were 781 U.S. life insurers.
U.S. life insurance companies – additional information
Life insurance refers to the contract between an insurance policy holder and an insurer who agrees to pay a designated recipient a sum of money when the insurance policy holder dies or in some circumstances, depending on the contract, if they suffer from a terminal or a critical illness.
The number of life insurance companies operating in the U.S. has been in decline since 2001. As a result, the number of people employed by life insurance companies in the U.S. has also fallen. In 1990, the industry had approximately 522.6 thousand employees on its payroll. This figure has steadily fallen every year since and reached 348.3 thousand employees in 2017. As with the number of companies and the number of employees, the number of insurance policies has also fallen year-on-year and in 2015, there were approximately 27.5 million policies purchased.
Metlife proved to be the largest life insurance company in the United States terms of assets and market capitalization.
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by Jennifer Rudden,
last edited
Jul 17, 2019
The statistic presents the total number of life insurance companies in the United States from 1950 to 2017. In 2017, there were 781 U.S. life insurers.
U.S. life insurance companies – additional information
Life insurance refers to the contract between an insurance policy holder and an insurer who agrees to pay a designated recipient a sum of money when the insurance policy holder dies or in some circumstances, depending on the contract, if they suffer from a terminal or a critical illness.
The number of life insurance companies operating in the U.S. has been in decline since 2001. As a result, the number of people employed by life insurance companies in the U.S. has also fallen. In 1990, the industry had approximately 522.6 thousand employees on its payroll. This figure has steadily fallen every year since and reached 348.3 thousand employees in 2017. As with the number of companies and the number of employees, the number of insurance policies has also fallen year-on-year and in 2015, there were approximately 27.5 million policies purchased.
Metlife proved to be the largest life insurance company in the United States terms of assets and market capitalization.
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- Release date
- October 2018
- Region
- United States
- Survey time period
- 1950 to 2017
Source
- Show sources information
- Show publisher information
- Release date
- October 2018
More information
- Region
- United States
- Survey time period
- 1950 to 2017
Other statistics on the topic
Life insurance worldwide
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Statistics on "Life insurance worldwide"
- Global overview
The most important statistics
- Largest life insurance companies worldwide in 2019, by market capitalization (in billion U.S. dollars)Largest life insurance companies globally 2019, by market capitalization
- Leading life and non-life direct premium writing countries globally in 2018, by premiums (in billion U.S. dollars)Leading premium writing countries globally 2018, by premiums
- Market share of leading life and non-life direct premium writing countries globally in 2018Market share of leading life and non-life direct premium writing countries 2018
- Leading global life and health insurance (mutual) companies in 2018, by revenue (in million U.S. dollars)Leading global life and health insurance (mutual) companies 2018, by revenue
- Life insurance premiums as a percentage of GDP in selected countries worldwide in 2017Global life insurance penetration 2017, by country
- Growth of life insurance premiums in selected countries worldwide from 2011 to 2017Global life insurance growth 2011-2017, by country
- United States
The most important statistics
- Share of adults who owned life insurance in the United States from 2011 to 2019Share of adults who owned life insurance in the U.S. 2011-2019
- Development in the total number of life insurance companies in the United States from 1950 to 2017Number of life insurance companies in the U.S. 1950-2017
- Number of life insurance companies in the United States from 2011 to 2017, by organizational structureNumber of U.S. life insurance companies 2011-2017, by organizational structure
- Number of stock life insurance companies in the United States from 1950 to 2017Number of stock life insurance companies in the U.S. 1950-2017
- Number of mutual life insurance companies in the United States from 1950 to 2017Number of mutual life insurance companies in the U.S. 1950-2017
- Face value of life insurance purchases in the United States in 2017, by state (in billion U.S. dollars)U.S. life insurance purchases value 2017, by state
- Number of life insurance employees in the United States from 1960 to 2017 (in thousands)Number of employees in the life insurance sector in the U.S. 1960-2017
- Largest life insurance companies in the United States in 2017, by assets (in billion U.S. dollars) Leading life insurance companies in the U.S. 2017, by assets
- Asia
The most important statistics
- Value of individual life insurance policies in force in Japan in fiscal years 2012 to 2017 (in trillion Japanese yen)Value individual life insurance policies in force Japan FY 2012-2017
- Annualized premium of individual life insurance policies in force in Japan in fiscal years 2008 to 2017 (in trillion Japanese yen)Annualized premium of individual life insurance policies in force Japan FY 2008-2017
- Premium income from life insurance in China from 2012 to 2018 (in trillion yuan)Life insurance premium income China 2012-2018
- Premium income from life insurance in China in 2018, by region (in billion yuan)Life insurance premium income China 2018, by region
- Value of life insurance policies in force in South Korea from FY 2012 to FY 2017 (in quadrillion South Korean won)Value of life insurance in force South Korea FY 2012-2017
- Annual expenditure on private life insurance per capita in South Korea from 2008 to 2017 ( in million South Korean won)Life insurance premium per capita in South Korea 2008-2017
- Value of total life insurance premiums written by Indian insurers from FY 2002 to FY 2018 (in trillion Indian rupees)Value of total life insurance premiums in India 2001-2018
- Value of total premiums written for life insurance in India in FY 2017 and FY 2018, based on sector (in billion Indian rupees)Life insurance premiums written in India FY 2017-FY 2018
- Europe
The most important statistics
- Total direct premiums written for life insurance in Europe in 2018, by country (in million US dollars)Total direct premiums written by life insurance companies in Europe 2018, by country
- Value of life insurance premiums per capita in Europe in 2018, by country (in US dollars)Life insurance premiums per capita in Europe 2018, by country
- Market share of life insurance business in terms of gross premium* in the United Kingdom (UK) from 2005 to 2017Life insurance market share in terms of gross premium in the United Kingdom 2005-2017
- Market share of life insurance business in terms of gross premium* in France from 2006 to 2016Life insurance market share in terms of gross premium in France 2006-2016
- Life insurance penetration on the domestic market in Italy from 2004 to 2017Italy: life insurance penetration 2004-2017
- Market share of life insurance business in terms of gross premium* in Germany from 2006 to 2017Life insurance market share in terms of gross premium in Germany 2006-2017
- Market share of life insurance business in terms of gross premium* in Ireland from 2006 to 2017Life insurance market share in terms of gross premium in Ireland 2006-2017
- Market penetration rate in the life insurance sector in Spain from 2005 to 2017Life insurance sector market penetration rate in Spain 2005-2017
- Canada
The most important statistics
- Distribution of life insurance premiums in Canada in 2018, by typeDistribution of life insurance premiums in Canada 2018, by type
- Distribution of life insurance products in Canada from 2006 to 2018Distribution of life insurance products in Canada 2006-2018
- Long-term investments of the life insurance industry in Canada in 2018, by type (in billion Canadian dollars)Long-term investments of life insurers in Canada in 2018, by type
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Further Content: Statistics, Studies, and Topic Pages
Statistics
- Italy: companies on the life insurance market 2010-2016
- Largest European life insurance companies ranked by number of employees in 2014
- Italy: net income from investments of the life insurance sector 2004-2016
- Italian insurance market: investment portfolio on domestic market 2017, by segment
- Italy: expense ratio of life insurance sector 2010-2017
- Italy: return on equity (ROE) of insurance companies 2010-2017
- Italy: YoY change of life insurance written premiums 2010-2017
- Italy: profit of insurance companies 2017, by segment
- Italy: return on investment (ROI) of insurance sector 2008-2017
- Italy: return on investment (ROI) of life insurance sector 2008-2017
- Italy: net inflows of the life insurance sector 2013-2017
- Value investments of life insurance companies in the Netherlands 2011-2015
- Value life insurance companies investements in obligations in Netherlands 2011-2015
- Value investments of life insurance companies in shares in the Netherlands 2011-2015
- UnipolSai Assicurazioni: net profit 2014-2017
- Life insurance company customer satisfaction index in South Korea 2018
- Ranking of the Entities of BBVA Seguros with the highest volume of premiums Spain 2015
- GDP from financial and insurance activities Indonesia 2014-2018
- Operating costs of Insurance Group Poste Vita 2015-2018
Studies
- Life insurance worldwide
- Life insurance in the United States
- Life insurance in Italy
- Life insurance in the Benelux
- Generali group - Insurance Dossier 2018
- UK insurance and long-term savings 2019 - the state of the market
- European Insurance - Key Facts
- Canadian Life and Health Insurance Facts (2019 Edition)
- Life insurance in the UK
- European Insurance in Figures 2016 data
- Life insurance fact book 2018
- ACLI Life Insurers Fact Book 2018
- UK insurance and long-term savings 2018 - the state of the market
- ACLI Life Insurers Fact Book 2017
- Canadian Life and Health Insurance Facts (2018 Edition)
Statistics on "Life insurance worldwide"
- Largest life insurance companies globally 2019, by market capitalization
- Leading premium writing countries globally 2018, by premiums
- Market share of leading life and non-life direct premium writing countries 2018
- Leading global life and health insurance (mutual) companies 2018, by revenue
- Global life insurance penetration 2017, by country
- Global life insurance growth 2011-2017, by country
- Share of adults who owned life insurance in the U.S. 2011-2019
- Number of life insurance companies in the U.S. 1950-2017
- Number of U.S. life insurance companies 2011-2017, by organizational structure
- Number of stock life insurance companies in the U.S. 1950-2017
- Number of mutual life insurance companies in the U.S. 1950-2017
- U.S. life insurance purchases value 2017, by state
- Number of employees in the life insurance sector in the U.S. 1960-2017
- Leading life insurance companies in the U.S. 2017, by assets
- Value individual life insurance policies in force Japan FY 2012-2017
- Annualized premium of individual life insurance policies in force Japan FY 2008-2017
- Life insurance premium income China 2012-2018
- Life insurance premium income China 2018, by region
- Value of life insurance in force South Korea FY 2012-2017
- Life insurance premium per capita in South Korea 2008-2017
- Value of total life insurance premiums in India 2001-2018
- Life insurance premiums written in India FY 2017-FY 2018
- Total direct premiums written by life insurance companies in Europe 2018, by country
- Life insurance premiums per capita in Europe 2018, by country
- Life insurance market share in terms of gross premium in the United Kingdom 2005-2017
- Life insurance market share in terms of gross premium in France 2006-2016
- Italy: life insurance penetration 2004-2017
- Life insurance market share in terms of gross premium in Germany 2006-2017
- Life insurance market share in terms of gross premium in Ireland 2006-2017
- Life insurance sector market penetration rate in Spain 2005-2017
- Distribution of life insurance premiums in Canada 2018, by type
- Distribution of life insurance products in Canada 2006-2018
- Long-term investments of life insurers in Canada in 2018, by type
- Italy: companies on the life insurance market 2010-2016
- Largest European life insurance companies ranked by number of employees in 2014
- Italy: net income from investments of the life insurance sector 2004-2016
- Italian insurance market: investment portfolio on domestic market 2017, by segment
- Italy: expense ratio of life insurance sector 2010-2017
- Italy: return on equity (ROE) of insurance companies 2010-2017
- Italy: YoY change of life insurance written premiums 2010-2017
- Italy: profit of insurance companies 2017, by segment
- Italy: return on investment (ROI) of insurance sector 2008-2017
- Italy: return on investment (ROI) of life insurance sector 2008-2017
- Italy: net inflows of the life insurance sector 2013-2017
- Value investments of life insurance companies in the Netherlands 2011-2015
- Value life insurance companies investements in obligations in Netherlands 2011-2015
- Value investments of life insurance companies in shares in the Netherlands 2011-2015
- UnipolSai Assicurazioni: net profit 2014-2017
- Life insurance company customer satisfaction index in South Korea 2018
- Ranking of the Entities of BBVA Seguros with the highest volume of premiums Spain 2015
- GDP from financial and insurance activities Indonesia 2014-2018
- Operating costs of Insurance Group Poste Vita 2015-2018
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