|Title:||United States top 25 insurance companies ranked by term life in force in dollars and percent change for 2011|
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U.S. Life/Health-2011 Term Life In Force
Ranked by 2011 term life business in force.
2011 2010 Company/Group AMB# Rank Rank
X X RGA Group XXXXXX X X Aegon USA Group XXXXXX X X Swiss Reins Group XXXXXX X XX SunAmerica Financial Group XXXXXX X X Prudential of America Group XXXXXX X X Munich Amer Life Group XXXXXX X X Metropolitan Life & Affiliated Cos XXXXXX X X ING USA Life Group XXXXXX X XX Scor Life US Group XXXXXX XX X Northwestern Mutual Group XXXXXX XX X Genworth Finl Group XXXXXX XX XX Lincoln Finl Group XXXXXX XX XX Primerica Group XXXXXX XX XX Protective Life Group XXXXXX XX XX State Farm Life Group XXXXXX XX XX Berkshire Hathaway Group XXXXXX XX XX Hannover Life Reassur America XXXXXX XX XX Allstate Finl Cos XXXXXX XX XX Generali USA Life Reassurance Co XXXXXX XX XX Legal & Gen America Group XXXXXX XX XX NY Life Group XXXXXX XX XX Manulife Finl Life Group XXXXXX XX XX USAA Life Group XXXXXX XX XX Axa Finl Group XXXXXX XX XX GE Capital Svcs Group XXXXXX
Top XX Writers Total U.S. Life/Health Industry
Company/Group Term Life % In Force Change
RGA Group $X,XXX,XXX,XXX X.X Aegon USA Group X,XXX,XXX,XXX -X.X Swiss Reins Group X,XXX,XXX,XXX -X.X SunAmerica Financial Group X,XXX,XXX,XXX XX.X Prudential of America Group X,XXX,XXX,XXX X.X Munich Amer Life Group XXX,XXX,XXX XX.X Metropolitan Life & Affiliated Cos XXX,XXX,XXX X.X ING USA Life Group XXX,XXX,XXX X.X Scor Life US Group XXX,XXX,XXX XXX.X Northwestern Mutual Group XXX,XXX,XXX X.X Genworth Finl Group XXX,XXX,XXX -X.X Lincoln Finl Group XXX,XXX,XXX -X.X Primerica Group XXX,XXX,XXX X.X Protective Life Group XXX,XXX,XXX -X.X State Farm Life Group XXX,XXX,XXX X.X Berkshire Hathaway Group XXX,XXX,XXX -X.X Hannover Life Reassur America XXX,XXX,XXX XX.X Allstate Finl Cos XXX,XXX,XXX X.X Generali USA Life Reassurance Co XXX,XXX,XXX X.X Legal & Gen America Group XXX,XXX,XXX XX.X NY Life Group XXX,XXX,XXX X.X Manulife Finl Life Group XXX,XXX,XXX -X.X USAA Life Group XXX,XXX,XXX X.X Axa Finl Group XXX,XXX,XXX X.X GE Capital Svcs Group XXX,XXX,XXX -XX.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--L/H, 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 ...