2016 Market Share Reports - naic.org

1 2016 Market Share Reports for the Top 125 Life and Fraternal Insurance Groups and Companies By State and Countrywide May 2017 The naic is the authoritative source for insurance industry information. Our expert solutions support the efforts of regulators, insurers and researchers by providing detailed and comprehensive insurance information. The naic offers a wide range of publications in the following categories: Accounting & Reporting Information about statutory accounting principles and the procedures necessary for fi ling financial annual statements and conducting risk-based capital calculations.

2 Special Studies Studies, Reports , handbooks and regulatory research conducted by naic members on a variety of insurance related topics. Consumer Information Important answers to common questions about auto, home, health and life insurance as well as buyer s guides on annuities, long-term care insurance and Medicare supplement plans. Statistical Reports Valuable and in-demand insurance industry-wide statistical data for various lines of business, including auto, home, health and life insurance. Financial Regulation Useful handbooks, compliance guides and Reports on financial analysis, company licensing, state audit requirements and receiverships.

3 Supplementary Products Guidance manuals, handbooks, surveys and research on a wide variety of issues. Legal Comprehensive collection of naic model laws, regulations and guidelines; state laws on insurance topics; and other regulatory guidance on antifraud and consumer privacy. Capital Markets & Investment Analysis Information regarding portfolio values and procedures for complying with naic reporting requirements. Market Regulation Regulatory and industry guidance on Market -related issues, including antifraud, product fi ling requirements, producer licensing and Market analysis.

4 White Papers Relevant studies, guidance and naic policy positions on a variety of insurance topics. naic Activities naic member directories, in-depth reporting of state regulatory activities and official historical records of naic national meetings and other activities. For more information about naic publications, visit us at: 2017 National Association of Insurance Commissioners. All rights reserved. ISBN: 978-1-59917-970-4 Printed in the United States of America No part of this book may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, or any storage or retrieval system, without written permission from the naic .

5 naic Executive Office 444 North Capitol Street, NW Suite 700 Washington, DC 20001 naic Central Office 1100 Walnut Street Suite 1500 Kansas City, MO 64106 naic Capital Markets & Investment Analysis Office One New York Plaza, Suite 4210 New York, NY 10004 2016 Market Share Reports for the Top 125 Life and Fraternal Insurance Groups and Companies by State and Countrywide TABLE OF CONTENTS Introduction ..1 Life Market Share Report Applications ..3 Life Annuity Considerations ..127 Totals for Life Insurance, Annuity Considerations, Deposit-Type Contract Funds, Other Considerations, and Accident and Health Insurance.

6 245 Supplemental Information ..369 Technical Notes ..379 Index of Insurer Groups and Companies ..385 2017 National Association of Insurance Commissioners 2017 National Association of Insurance CommissionersINTRODUCTION These 2016 Market Share Reports for the Top 125 Life and Fraternal Insurance Groups and Companies by State and Countrywide are intended to make Market Share information more readily available. Data from groups and companies filing the life/health annual statement and those filing the fraternal annual statement are combined so that the life insurance Market can be seen in its entirety.

7 The column labeled Business Type indicates whether the group (company) listed has filed a life/health annual statement (L), a fraternal annual statement (F) or both (B). The direct premiums data reported in this publication is taken from page 24 of the naic life/health annual statement and page 23 of the naic fraternal annual statement. Insurance groups are made up of insurance companies that are related by ownership. The Market Share Reports show data by group for those insurers that are members of a group.

8 This allows the report to more accurately reflect the number of distinct entities that are competing against one another for business in the Market . An index listing the individual insurers within a group is included at the end of the report. Insurers merge, change names, and buy and sell companies; however, the index gives a snapshot view of group structures as filed with the naic on, April 17, 2017, the date this report was generated. Market Share data is reported in three sections: 1) life insurance; 2) annuity considerations; and 3) totals of life insurance, annuity considerations, deposit-type contract funds, other considerations, and accident and health insurance.

9 In each of the three sections, the cumulative Market Share is shown for the top 125 writers by state and countrywide. The cumulative Market Share is one indicator of the degree of Market concentration in a line of business. Also included in each of these three sections is a 10-year premium comparison chart. A Supplemental Information section is also included to provide additional detail on individual and group premium by product. The Supplemental Information section also includes a five-year overview of renewal, first-year and single premium contributions to total earned premium.

10 Accident and health insurance data is reported to the naic on four annual statements: property/casualty (P/C), life/health, fraternal and health. The accident and health data in this report are from the life/health and fraternal annual statements only. A separate publication, Market Share Reports for the Top 125 Accident and Health Insurance Groups and Companies by State and Countrywide, combines data from all four statements to provide complete Market Share information for that line. Please send any questions regarding this report to Links to this report and other naic Reports can be found on the naic website at: naic Publications.