|Title:||United States top 25 insurers ranked by credit life business issued in dollars and percent change for 2010|
Start of full article - but without data
U.S. Life/Health-2010 Credit Life Issued
Ranked by 2010 credit life business issued.
2010 2009 Credit Life % Rank Rank Company/Group AMB# Issued Change
X X Cuna Mutual Group XXXXXX $XX,XXX,XXX -X.X X X Life of the South Group XXXXXX X,XXX,XXX X.X X X Assurant Inc Group XXXXXX X,XXX,XXX -X.X X XX Independence Hldg Co XXXXXX X,XXX,XXX XXX.X Group X X Citi Assur Svcs Group XXXXXX X,XXX,XXX -XX.X
X XX Amer Enterprise Group XXXXXX X,XXX,XXX XXX.X X X Protective Life Corp XXXXXX X,XXX,XXX -XX.X X X Securian AM Group XXXXXX X,XXX,XXX -X.X X X Aegon USA Group XXXXXX X,XXX,XXX -XX.X XX X Central States H & L XXXXXX X,XXX,XXX XX.X Group
XX XX Amer Natl Group XXXXXX X,XXX,XXX X.X XX X Guarantee Trust Group XXXXXX X,XXX,XXX -XX.X XX XX Metropolitan Life & XXXXXX X,XXX,XXX -XX.X Affiliated Cos XX XX Merit Life Ins Co XXXXXX X,XXX,XXX XX.X XX XX HSBC Ins Groin XXXXXX X,XXX,XXX -XX.X
XX XX Plateau Group XXXXXX XXX,XXX -X.X XX XX Finl Amer Idle Ins Co XXXXXX XXX,XXX XX.X XX XX Amer Modem Ins Group XXXXXX XXX,XXX -XX.X XX XX Individual Assur Group XXXXXX XXX,XXX -X.X XX XX Old Spartan Life Ins XXXXXX XXX,XXX -X.X Co Inc
XX XX Frandisco Life Ins Co XXXXXX XXX,XXX X.X XX XX Pekin Life Ins Group XXXXXX XXX,XXX X.X XX XX Allstate Finl XXXXXX XXX,XXX -XX.X XX XX Old United Life Ins Co XXXXXX XXX,XXX X.X XX XX Amer Federated Life XXXXXX XXX,XXX X.X Ins Co
Top XX Life/Health $XX,XXX,XXX X.X Writers Total U.S. Life/Health $XX,XXX,XXX -X.S Industry
Note: Ratios of XXX.X and -XX.X are maximum and minimum values,
Source: BestLink Statement [R] File -L/H, US
Data as of: July XX, 2011
An A.M. Best Co. Statistical Study shows that the face amount of life insurance policies issued during 2010 declined X% to $X.XX trillion compared with a year earlier.
Term life on a business-issued basis marked a steeper descent, falling XX.X% to $X.XX trillion.
Group life business issued declined at a less significant rate, yet ended up at essentially the same plateau, dropping X.X% to just above $X.XX trillion, according to another study.
Andrew Edelsberg, a vice president in the life/health division at A.M. Best Co., said term sales were driven down last year by higher rates and the sluggish economy's impact on consumer spending.
"Term pricing generally increased as carriers were, in many cases, forced to self-fund Regulation XXX reserves as alternative solutions became relatively expensive," Edelsberg said. "We saw an increase in whole life and universal life sales due to consumers' demand for cash value policies, as well as universal life with no-lapse guarantees."
Edelsberg also said that large mutuals with career distribution had a favorable experience with whole life sales trends.
Northwestern Mutual Group bucked overall segment declines and gained across separate categories of rankings. Total life issued increased X.X% to $XXX.X billion, boosting the Milwaukee, Wis.-based mutual ahead of ING USA Life Group and into the top three.
Metropolitan Life & Affiliated Cos. held the top ranking with $XXX.X billion in total life business issued for 2010 (down X.X%), and was trailed by Prudential of America Group with $XXX.X billion (down X.X%).
Northwestern passed MetLife and jumped into the top spot for ordinary life business issued. For term life issued, Northwestern moved up two spots into the No. X slot.
Shawn Mauser, Northwestern's director of life products, said the company saw significant increases for all life products. He suggested it stems from a changing consumer mindset that has migrated away from the paralysis in 2008 and 2009, when he said there was a tendency to postpone financial decisions. He described a resurgence taking place with consumers taking a thorough look at their overall financial situation.
U.S. Life/Health--2010 Ordinary Life Average Policy
Size and Lapse Ratios
Ranked by 2010 ordinary life business.
Ordinary 2010 2009 Life Rank Rank Company/Group AMB# Issued ($XXX)
X X Northwestern Mutual Group XXXXXX $XXX,XXX,XXX X X Metropolitan Life & XXXXXX XXX,XXX,XXX Affiliated Cos X X ING USA Life Group XXXXXX XX,XXX,XXX X X NY Life Group XXXXXX XX,XXX,XXX X X State Farm Life Group XXXXXX XX,XXX,XXX
X X Aegon USA Group XXXXXX XX,XXX,XXX X X Primerica Group XXXXXX XX,XXX,XXX X X Prudential of America Group XXXXXX XX,XXX,XXX X XX Genworth Finl Group XXXXXX XX,XXX,XXX XX XX Lincoln Finl Group XXXXXX XX,XXX,XXX
XX XX SunAmerica Financial Group XXXXXX XX,XXX,XXX XX XX Axa Finl Group XXXXXX XX,XXX,XXX ...