World's Best Insurance Companies

Earthquake Insurance Basics Standard homeowners and renters insurance does not cover earthquake damage. Earthquake coverage is available in the form of a separate policy or an endorsement from most private insurers and, in California, the California Earthquake Authority (CEA). A homeowners or renters policy will, however, generally cover losses from fire following a quake. If the fire makes the home unlivable, there may also be coverage for additional living expenses should it be necessary to live away from your home while it is being repaired. Earthquake insurance is, of course, important to have if you live near a fault line. But keep in mind that earthquakes can also have widespread impact, affecting areas far from major fault lines. If your house is at any risk from quake-related shaking, damage to foundations, wall collapses and contents could result and you may want to consider buying an earthquake insurance policy. Cars and other vehicles are covered for earthquake dam

($ millions) Rank Company Premiums 1 Liberty Life of Boston $400.9 2 Great West L & A 270.4 3 OneAmerica 119.4 4 Western & Southern Group 61.8 5 American General 35.4 6 Protective 26.5 7 CUNA 22.7 8 Vantis Life 4.0 9 Symetra 0.9 10 Ohio National 0.3 Source: Bank Insurance and Securities Research Associates (BISRA).

($000) Rank Group/company Direct premiums written (1) Market share 1 MetLife Inc.  $5,399,652 18.4% 2 Prudential Financial Inc.  3,549,561 12.1 3 Securian Financial Group  1,880,118 6.4 4 New York Life Insurance Group  1,661,198 5.6 5 Cigna Corp.  1,594,059 5.4 6 Unum Group  1,257,255 4.3 7 Hartford Financial Services  1,253,243 4.3 8 Massachusetts Mutual Life Insurance Co. 1,108,042 3.8 9 Aetna Inc.  992,859 3.4 10 StanCorp Financial Group Inc.  780,390 2.7 (1) Before reinsurance transactions. Based on U.S. total, includes territories. Excludes annuities, accident and health, deposit-type contract funds and other considerations. Source: SNL Financial LC.

($000) Rank Group/company Direct premiums written (1) Market share 1 Northwestern Mutual Life Insurance Co. $9,469,028 8.1% 2 MetLife Inc. 6,743,722 5.7 3 New York Life Insurance Group 6,234,927 5.3 4 Aflac Inc. 5,750,188 4.9 5 Lincoln National Corp. 5,436,152 4.6 6 Manulife Financial Corp. 4,859,644 4.1 7 Prudential Financial Inc. 4,822,805 4.1 8 Massachusetts Mutual Life Insurance Co. 3,988,732 3.4 9 State Farm Mutual Automobile Insurance 3,976,209 3.4 10 AEGON 3,766,265 3.2 (1) Before reinsurance transactions. Based on U.S. total, includes territories. Excludes annuities, accident and health, deposit-type contract funds and other considerations. Source: SNL Financial LC.

WORKSITE LIFE INSURANCE SALES BY LINE OF BUSINESS, 2013 worksite_life_insurance_sales_by_line_of_business_2013.gif (1) Short-term and long-term disability. Source: Eastbridge Consulting Group, Inc. View Archived Graphs Worksite marketing is the selling of voluntary (employee-paid) insurance and financial products at the worksite. The products may be on either an individual or group platform and are usually paid through periodic payroll deductions. Worksite sales of life and health insurance totaled $6.64 billion in 2013, up about 4.3 percent from 2012.

(Based on first year collected premium) 27.gif (1) Includes brokers, stockbrokers and personal producing general agents. (2) Includes career, multiline exclusive and home service agents. (3) No producers are involved. Excludes direct marketing efforts involving agents. (4) Includes financial institutions, worksite and other channels. (5) Estimate. Source: LIMRA’s  U.S. Individual Life Insurance Sales Survey  and LIMRA estimates.

Rank Group Revenues 1 MetLife $70,641 2 Prudential Financial 49,045 3 New York Life Insurance 34,394 4 TIAA-CREF 34,079 5 Northwestern Mutual 24,861 6 Massachusetts Mutual Life Insurance 24,226 7 Aflac 22,171 8 Lincoln National 10,636 9 Guardian Life Insurance Co. of America 10,571 10 Genworth Financial 10,344 11 Unum Group 10,278 12 Reinsurance Group of America 8,830 13 Principal Financial 8,710 14 Thrivent Financial for Lutherans 7,843 15 Mutual of Omaha Insurance 5,974 16 Pacific Life 5,879 17 Western & Southern Financial Group 4,986 (1) Revenues for insurance companies include premium and annuity income, investment income and capital gains or losses but exclude deposits. Based on companies and categories in the Fortune 500. Each company is assigned only one category, even if it is involved in several different industries. Source: Fortune.

Credit life insurance, a form of decreasing term insurance, protects creditors such as banks. The borrower pays the premium, generally as part of the credit transaction, to cover the outstanding loan in the event he or she dies. The face value of a policy decreases as the loan is paid off until both equal zero. When loans are paid off early, premiums for the remaining term are returned to the policyholder. Credit accident and health, a similar product, provides a monthly income in the event the borrower becomes disabled. CREDIT LIFE, AND CREDIT ACCIDENT AND HEALTH INSURANCE DIRECT PREMIUMS WRITTEN, 2004-2013 ($000) Year Credit life Credit accident and health 2004 $1,526,021 $1,554,325 2005 1,607,487 1,522,791 2006 1,564,124 1,442,604 2007 1,631,338 1,407,579 2008 1,563,207 1,251,052 2009 1,248,710 964,781 2010 1,247,848 930,578 2011 1,226,326 930,318 2012 1,159,524 957,294 2013 977,557 968,691 Source: SNL Financial LC.

($000)   2011 2012 2013 Lines of insurance Direct premiums written (1) Percent of total  Direct premiums written (1) Percent of total  Direct premiums written (1) Percent of total  Annuities             Ordinary individual annuities $212,365,662 32.3% $192,291,621 28.1% $198,862,072 30.7% Group annuities 122,453,628 18.6 164,069,697 23.9 120,091,136 18.6 Total $334,819,290 50.9% $356,361,318 52.0% $318,953,208 49.3% Life             Ordinary life 130,935,596 19.9 132,640,130 19.4 129,963,644 20.1 Group life 31,478,628 4.8 34,420,250 5.0 33,532,415 5.2 Credit life (group and individual) 1,224,617 0.2 1,129,433 0.2 990,170 15.3 Industrial life 173,147 (2) 165,688 (2) 146,248 (2) Total $163,811,988 24.9% $168,355,500 24.6% $164,632,477 25.4% Accident and health (3)             Group 87,795,765 13.4 90,647,379 13.2 94,705,454 14.6 Other 69,851,576 10.6 68,870,879 10.1 67,677,104 10.5 Credit 929,424 0.1 954,569 0.1 966,052 0.1 Total $158,576,766 24.1% $