In 2018, the U.S. life/annuity insurance industry generated revenues of 905.4 billion U.S. dollars. A life annuity is an insurance product, which is commonly used to provide a guaranteed income in retirement that cannot be outlived. The annuitant pays into it periodically while they’re still working, or makes a lump sum purchase upon retirement to provide a reliable, usually monthly, source of income.
Life/annuity insurance lines
The life/annuity insurance industry provides three lines of insurance: annuities, accident and health, and life insurance. The value of direct premiums written of annuities have been consistently higher than those of the other two lines. Prudential Financial was the U.S. life insurer with the largest annuity reserves in 2017.
Most popular life insurance distribution channel
Over half of all life insurance sales were made by independent agents in 2018. The next most used distribution channel were affiliated, or captive, agents who made 38 percent of the sales in that year.
Total revenue of life/annuity insurance industry in the United States from 2009 to 2018
(in billion U.S. dollars)
This feature is limited to our corporate solutions.
Please contact us to get started with full access to dossiers, forecasts, studies and international data.
Corporate Account
Statista Accounts:
Access All Statistics. Starting from $708 / Year
Basic Account
Get to know the platform
You only have access to basic statistics.
This statistic is not included in your account!
Premium Account
Your perfect start with Statista
Instant access to 1m statistics
Download in XLS, PDF & PNG format
Detailed references
$59 / Month *
Corporate Account
Full access
Corporate solution including all features.
* All products require an annual contract.
Prices do not include sales tax.
Statistics on "Life insurance in the United States"
Statista Accounts:
Access All Statistics. Starting from $708 / Year
Learn more about how Statista can support your business.
Insurance Information Institute. (August 31, 2019). Total revenue of life/annuity insurance industry in the United States from 2009 to 2018 (in billion U.S. dollars) [Graph]. In Statista. Retrieved February 24, 2020, from https://www.statista.com/statistics/214544/total-revenue-of-us-life-and-health-insurance-industry/
Insurance Information Institute. "Total revenue of life/annuity insurance industry in the United States from 2009 to 2018 (in billion U.S. dollars)." Chart. August 31, 2019. Statista. Accessed February 24, 2020. https://www.statista.com/statistics/214544/total-revenue-of-us-life-and-health-insurance-industry/
Insurance Information Institute. (2019). Total revenue of life/annuity insurance industry in the United States from 2009 to 2018 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: February 24, 2020. https://www.statista.com/statistics/214544/total-revenue-of-us-life-and-health-insurance-industry/
Insurance Information Institute. "Total Revenue of Life/Annuity Insurance Industry in The United States from 2009 to 2018 (in Billion U.S. Dollars)." Statista, Statista Inc., 31 Aug 2019, https://www.statista.com/statistics/214544/total-revenue-of-us-life-and-health-insurance-industry/
Insurance Information Institute, Total revenue of life/annuity insurance industry in the United States from 2009 to 2018 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/214544/total-revenue-of-us-life-and-health-insurance-industry/ (last visited February 24, 2020)
We use cookies to personalize contents and ads, offer social media features, and analyze access to our website. In your browser settings you can configure or disable this, respectively, and can delete any already placed cookies. For details, please see your browser’s Help section (by pressing F1). Please see our privacy statement for details about how we use data.
