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Total revenue of U.S. life/annuity insurance industry 2009-2018
Total revenue of life/annuity insurance industry in the United States from 2009 to 2018 (in billion U.S. dollars)
by Jennifer Rudden,
last edited
Oct 23, 2019
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)
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by Jennifer Rudden,
last edited
Oct 23, 2019
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.- Show sources information
- Show publisher information
- Release date
- August 2019
- Region
- United States
- Survey time period
- 2009 to 2018
Source
- Show sources information
- Show publisher information
- Release date
- August 2019
More information
- Region
- United States
- Survey time period
- 2009 to 2018
Other statistics on the topic
Life insurance in the U.S.
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Statistics on "Life insurance in the United States"
- Life insurance market
The most important statistics
- 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
- 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
- Largest life insurance companies in the United States in 2017, by total net life insurance premiums (in billion U.S. dollars)Largest U.S. life insurance companies 2017, by net life insurance premiums
- Leading life insurers in the United States in 2017, by total annuity reserves (in billion U.S. dollars)Leading life insurers in the U.S. 2017, by total annuity reserves
- Leading writers of individual life insurance in the United States in 2018, by direct premiums written (in billion U.S. dollars)Leading U.S. individual life insurance writers in 2018, by direct premiums written
- 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 foreign life insurers operating in the United States in 2017, by country of originNumber of foreign life insurance companies in the U.S. 2017, by country of origin
- 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
- Key figures
The most important statistics
- Value of assets of life insurance companies in the United States from 1990 to 2017 (in trillion U.S. dollars)Value of assets held by U.S. life insurers 1990-2017
- Total income of life insurers in the United States from 2000 to 2017 (in billion U.S. dollars)U.S. life insurers' income 2000-2017
- Income of life insurers from net life insurance premiums in the United States from 2000 to 2017 (in billion U.S. dollars)U.S. life insurers: income from net life insurance premiums 2000-2017
- Income of life insurance companies in the United States from 2012 to 2017, by source (in billion U.S. dollars)Income of life insurers in the U.S. by source 2012-2017
- Rate of return on assets invested by life insurers in the United States from 2000 to 2017Rate of return on life insurers' invested assets in the U.S. 2000-2017
- Value of life insurers' assets in the United States from 1997 to 2017 (in trillion U.S. dollars)Life insurers' assets in the U.S. 1997-2017
- Distribution of life insurers' net premium receipts in the United States in 2017Distribution of U.S. life insurers' net premium receipts 2017
- Annuity considerations of life insurers in the United States from 2000 to 2017 (in billion U.S. dollars)Annuity considerations of life insurers in the U.S. 2000-2017
- Policy purchases
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
- Difference between perceived life insurance needs and actual ownership rate in the United States from 2011 to 2019Life insurance ownership gap in the U.S. 2011-2019
- Number of life insurance policy purchases in the United States from 1998 to 2017 (in millions)U.S. life insurance: total number of policy purchases 1998-2017
- Number of individual life insurance policy purchases in the United States from 2009 to 2017 (in thousands)U.S. life insurance: number of individual life policies purchased 2009-2017
- Number of group life insurance policy purchases in the United States from 2009 to 2017 (in thousands)U.S. life insurance: number of group policies purchased 2009-2017
- Number of credit life insurance policy purchases in the United States from 2009 to 2017 (in thousands)U.S. life insurance: number of credit life policies purchased 2009-2017
- Face amount of life insurance policy purchases in the United States from 2000 to 2017 (in trillion U.S. dollars)U.S. life insurance: face amount of policy purchases 2000-2017
- Total face amount of life insurance policies in force in the United States from 2009 to 2017 (in trillion U.S. dollars)U.S. life insurance: face amount of policies in force 2009-2017
- Consumer perspective
The most important statistics
- Life insurance distribution channels in the United States in 2018Life insurance distribution channels in the U.S. 2018
- Distribution of life insurance ownership in the United States in 2019Life insurance ownership in the U.S. 2019
- Reasons for owning life insurance in the United States in 2019Reasons for buying life insurance in the U.S. 2019
- Reasons for not purchasing life insurance in the United States in 2019Reasons for not purchasing life insurance in the U.S. 2019
- Intention of internet use for life insurance research and purchase in the United States in 2018, by generationIntention of internet use while buying life insurance in the U.S. 2018, by generation
- Level of life insurance knowledge among owners and non-owners in the United States in 2019Life insurance knowledge among owners vs non-owners in the U.S. 2019
- Benefits of simplified underwriting according to life insurance policyholders in the United States in 2018 and 2019Benefits of simplified underwriting according to consumers in the U.S. 2018-2019
- Likelihood of customers buying life insurance due to simplified underwriting in the United States in 2018 and 2019Life insurance purchase due to simplified underwriting in the U.S. 2018-2019
- Miscellaneuous
The most important statistics
- Value of bond assets held by life insurers in the United States from 1990 to 2017 (in trillion U.S. dollars)Value of bonds held by life insurers in the U.S. 1990-2017
- Value of mortgage assets held by life insurers in the United States from 1990 to 2017 (in billion U.S. dollars)Value of mortgages held by life insurers in the U.S. 1990-2017
- Value of real estate held by life insurers in the United States from 1990 to 2017 (in billion U.S. dollars)Value of real estate held by life insurers in the U.S. 1990-2017
- Value of policy loan assets held by life insurers in the United States from 1990 to 2017 (in billion U.S. dollars)Value of policy loans held by life insurers in the U.S. 1990-2017
- Life insurers' income from receipts of annuity considerations in the United States from 2001 to 2017 (in billion U.S. dollars)U.S. life insurers' receipts of annuity considerations 2001-2017
- Direct premium receipts of life insurers in the United States from 2011 to 2017, by segment (in billion U.S. dollars)Direct premium receipts of life insurers in the U.S. 2011-2017, by segment
- Distribution of life insurer's assets in the United States in 2017Asset distribution of U.S. life insurers 2017
- Volume of profit flows from life insurance products in the United States in 2017, by company type (in billion U.S. dollars)Life insurance profits in the U.S. 2017, by company type
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Further Content: Statistics, Studies, and Topic Pages
Statistics
- Financial assets of life and health insurance industry in the U.S. 2006-2011
- Most successful shopping triggers of life insurance in the U.S. 2011
- Ways of shopping for life insurance in the U.S. 2011
- Leading reasons for life insurance purchase in the U.S. 2011
- Main reasons for not buying more life insurance in the U.S. 2011
- Direct premiums of life/annuity insurance in the U.S. 2011-2018, by line
- Value of life insurance premiums in France 2011-2016
- Italy: new sickness insurance written premiums 2018, by type
- Profit of leading stock life/health insurance companies in the U.S. 2018
- Value of investments of life and health insurers in the U.S. 2008-2018
- General account asset distribution of U.S. life insurers 2017
- Financial assets of life and health insurers in the U.S. 2014, by type
- Number of life insurance companies Germany 1980-2017
- Number of self-employed insurance intermediaries and advisors Germany 2013-2017
- Separate account asset distribution of U.S. life insurers 2017
- Ownership of general insurance companies in Indonesia 2017
- British adults who used professional advice when taking life or health assurance 2015
- Number of self-employed insurance brokers in Germany 2010-2017
- Value of property insurance sector in Latvia 2009-2025
- Value of marine, aviation and other transport insurance sector in Argentina 2009-2025
Studies
- Life insurance worldwide
- Life insurance in the United States
- Life insurance in Italy
- Life insurance in the Benelux
- Insurance industry - Central and Eastern Europe
- European insurance industry database 2018
- Life insurance in the UK
- Life insurance fact book 2018
- European Insurance - Key Facts 2019
- Canadian Life and Health Insurance Facts (2019 Edition)
- UK insurance and long-term savings 2019 - the state of the market
- ACLI Life Insurers Fact Book 2018
- Generali group - Insurance Dossier 2018
- European Insurance in Figures 2016 data
- ACLI Life Insurers Fact Book 2017
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