Top 10 Life Insurers in the US in 2021 by Written Premiums
MetLife Inc, Equitable Holdings Inc, Prudential Financial Inc, UnitedHealth Group Inc, and Massachusetts Mutual Life Insurance Company are the top 5 life insurers in the US in 2021 by written premiums (FY 2021). Cumulatively, the top 10 life insurers in the US reported written premiums of $525,762 million, the highest written premiums were reported by MetLife Inc ($107,119 million), followed by Equitable Holdings Inc ($83,345 million) and Prudential Financial Inc ($61,181 million), while Lincoln National Corp ($28,116 million) stood the lowest. In terms of the geographical split, 9 out of 10 life insurers in the US are based in North America, while 1 is based in Europe. They employed a total of 784,705 people in 2021. The United States of America-based MetLife Inc is the top leading life insurer company in the US in 2021 (FY 2021). It is a provider of insurance, employee benefits, annuities, and asset management products, and services. The company offers its insurance products for term life, variable life, universal life, dental, vision and accident, and health, group short- and long-term disability, fixed and indexed linked annuities, individual disability, critical illness, and accidental death and dismemberment. The company reported written premiums of $107,119 million and generated revenue of $71,080 million with revenue growth of 4.77%. MetLife classifies its business into six geographic segments: U.S., MetLife Holdings, Asia, Latin America, EMEA, and Corporate & Other. The company employs 43,000 people. Equitable Holdings Inc is one of the top leading life insurer companies in the US in 2021 (FY 2021). It is a provider of financial services. Its service offerings include individual retirement services, group retirement services, protection solutions, investment advisory solutions and research services. The company provides life insurance products such as VUL insurance and IUL insurance. The company reported written premiums of $83,345 million and generated revenue of $15,499 million with revenue growth of 9.19%. The company employs 7,800 people in 2021.