|Title:||United States top 25 insurance companies ranked by total life in force in dollars and percent change for 2011|
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U.S. Life/Health-2011 Total Life In Force
Ranked by 2011 total life business in force.
2011 2010 Rank Rank Company/Group AMB#
X X Metropolitan Life & Affiliated Cos XXXXXX X X Prudential of America Group XXXXXX X X Great-West Life Group XXXXXX X X Aegon USA Group XXXXXX X X RGA Group XXXXXX X X Swiss Reins Group XXXXXX X X ING USA Life Group XXXXXX X XX SunAmerica Financial Group XXXXXX X X Northwestern Mutual Group XXXXXX XX X Lincoln Finl Group XXXXXX XX XX New York Life Group XXXXXX XX XX Hartford Life Group XXXXXX XX XX Munich Amer Life Group XXXXXX XX XX Scor Life US Group XXXXXX XX XX Genworth Finl Group XXXXXX XX XX Protective Life Group XXXXXX XX XX Securian Finl Group XXXXXX XX XX Hannover Life Reassur America XXXXXX XX XX State Farm Life Group XXXXXX XX XX Allstate Finl Cos XXXXXX XX XX Manulife Finl Life Group XXXXXX XX XX Unum Ins Group XXXXXX XX XX Primerica Group XXXXXX XX XX Axa Finl Group XXXXXX XX XX Generali USA Life Reassurance Co XXXXXX
Top XX Writers Total U.S Life/Health Industry
Total Life % Company/Group In Force Change
Metropolitan Life & Affiliated Cos $X,XXX,XXX,XXX X.X Prudential of America Group X,XXX,XXX,XXX X.X Great-West Life Group X,XXX,XXX,XXX X.X Aegon USA Group X,XXX,XXX,XXX -X.X RGA Group X,XXX,XXX,XXX X.X Swiss Reins Group X,XXX,XXX,XXX -X.X ING USA Life Group X,XXX,XXX,XXX -X.X SunAmerica Financial Group X,XXX,XXX,XXX XX.X Northwestern Mutual Group X,XXX,XXX,XXX X.X Lincoln Finl Group X,XXX,XXX,XXX X.X New York Life Group X,XXX,XXX,XXX X.X Hartford Life Group X,XXX,XXX,XXX X.X Munich Amer Life Group X,XXX,XXX,XXX XX.X Scor Life US Group XXX,XXX,XXX XXX.X Genworth Finl Group XXX,XXX,XXX X.X Protective Life Group XXX,XXX,XXX -X.X Securian Finl Group XXX,XXX,XXX XX.X Hannover Life Reassur America XXX,XXX,XXX XX.X State Farm Life Group XXX,XXX,XXX X.X Allstate Finl Cos XXX,XXX,XXX X.X Manulife Finl Life Group XXX,XXX,XXX -X.X Unum Ins Group XXX,XXX,XXX X.X Primerica Group XXX,XXX,XXX X.X Axa Finl Group XXX,XXX,XXX X.X Generali USA Life Reassurance Co XXX,XXX,XXX X.X
Top XX Writers $XX,XXX,XXX,XXX X.X Total U.S Life/Health Industry $XX,XXX,XXX,XXX X.X
Source: BestLink Statement File--LVH, US
Data as of: July XX, 2012
The face amount of life insurance policies issued rebounded during 2011 to a gain of X.X%, up from a decline of X% in 2010, according to an A.M. Best Co. life/ health statistical study.
Despite macroeconomic challenges last year, the industry on the whole sustained only modest investment impairments, and it maintained strong regulatory capital and favorable operating earnings, according to Andrew Edelsberg and Stephen Irwin, vice presidents in the Life/Health Division, in their 2012 Review/Preview special report.
On the plus side, some insurers have taken advantage of stability in some of the more distressed asset classes to pare their positions. But historically low interest rates have reduced investment income and caused other insurers to move down the credit scale in an effort to generate higher yields. In the special report, Edelsberg and Irwin said that this enhanced yield strategy carries some risk and will need to be monitored closely if economic conditions deteriorate.
In addition, there is worry that the European Union does not have the tools to fully cope with the sovereign debt crisis, they said.
The volatility in equity markets is also a continuing concern, particularly for insurers that have higher hedging costs in equity-sensitive products like variable annuities with guaranteed lifetime withdrawal benefits. Equity volatility also triggered reserve increases for equity-sensitive product lines, according to the report.
In response to the stresses, carriers have pursued a range of variable annuity strategies, from modest product tweaks to exiting the market. Others have curtailed or de-emphasized lines such as fixed annuities, banking, Medicare supplement, group medical and long-term care insurance.
Some key industry players, primarily the large mutuals, have benefited from emphasis on whole life insurance, which the report said has stable, long-term earnings that help companies' credit profiles.
In 2011, total life issued by face amount reached $X.XX trillion. Ordinary life issuance last year versus 2010 was effectively unchanged at $X.XX trillion, but the top XX writers' issuance was up X.X% to $X.XX trillion. Term life issuance fell by X.X% last year to $X.X trillion, an improvement from the XX.X% decline in 2010.
U.S. Life-2011 Ordinary Life Average Policy Size & Lapse Ratios
Ranked by 2011 ordinary life business.
Ordinary Life 2011 2010 Issued Rank Rank Company/Group AMB# ($XXX)
X X Metropolitan Life & XXXXXX $XXX,XXX,XXX Affiliated Cos X X Northwestern Mutual Group XXXXXX XXX,XXX,XXX ...