In 2018, the United States was the leading life insurance premium writing country, with a total value of life direct premiums written amounting to 593.4 billion U.S. dollars. The second and third largest life insurance markets were Japan and the People's Republic of China, with life direct premiums written estimated at 334.24 billion U.S. dollars and 313.37 billion U.S. dollars respectively.
There were 773 life insurance companies in the United States in 2018, most of them categorized as “stock life insurance companies”, based on their organizational structure. In 2018, Prudential Financial was the largest life insurance company in the country in terms of assets. Prudential was also the American insurer with most life insurance policies issued - approximately 238 billion U.S. dollars worth of policies in 2018 alone.
The life insurance market in Asia has rapidly grown over the past few years. In 2018, income from life insurance premiums in China reached 2.1 trillion yuan, more than double the premium income of 2012. The United Kingdom led in terms of the value of direct life insurance premiums in the European market as of 2018.