Metropolitan Group continues to hold the top spot in a National Association of Insurance Commissioners (NAIC) ranking of life insurers, which lists the top 25 carriers by market share based on direct premiums written in 2015.

The top 10 insurers listed in the ranking held a cumulative market share of 44.69 percent. Metropolitan Group, parent company of MetLife, had market share of 8.39 percent and maintained the top spot it held in 2014 with market share of 8.01 percent.

Northwestern Mutual Group held the second-place spot in 2015, with a market share of 6.36 percent. 

The insurers that made up the top 10 in 2015 were largely the same as those that made up the top 10 in 2014. Minnesota Mutual Group was new to the top 10 in 2015, with a market share of 2.4 percent.

Continue reading to view more information, including direct premiums written, market share percentages and cumulative market share percentages for each of the top 10.

MetLife building

No. 1: Metropolitan Group

2014 Ranking: 1

Direct Premiums Written, 2015: $13.4 billion

Direct Premiums Written, 2014: $12.3 billion

2015 Market Share: 8.39%

2014 Market Share: 8.01%

2015 Cumulative Market Share: 8.39%

Northwestern Mutual Logo

No. 2: Northwestern Mutual Group

2014 Ranking: 2

Direct Premiums Written, 2015: $10.1 billion

Direct Premiums Written, 2014: $9.6 billion

2015 Market Share: 6.36%

2014 Market Share: 6.24%

2015 Cumulative Market Share: 14.75%

New York Life logo
No. 3: New York Life Group

2014 Ranking: 3

Direct Premiums Written, 2015: $8.8 billion

Direct Premiums Written, 2014: $8.3 billion

2015 Market Share: 5.54%

2014 Market Share: 5.41%

2015 Cumulative Market Share: 20.30%

Prudential

No. 4: Prudential of America Group

2014 Ranking: 4

Direct Premiums Written, 2015: $8.6 billion

Direct Premiums Written, 2014: $7.8 billion

2015 Market Share: 5.42%

2014 Market Share: 5.07%

2015 Cumulative Market Share: 25.72%

Lincoln National Group

No. 5: Lincoln National Group

2014 Ranking: 5

Direct Premiums Written, 2015: $6.7 billion

Direct Premiums Written, 2014: $6.4 billion

2015 Market Share: 4.23%

2014 Market Share: 4.21%

2015 Cumulative Market Share: 29.95%

Boston, Massachusetts

No. 6: Massachusetts Mutual Life Insurance Group

2014 Ranking: 6

Direct Premiums Written, 2015: $6.2 billion

Direct Premiums Written, 2014: $5.6 billion

2015 Market Share: 3.88%

2014 Market Share: 3.66%

2015 Cumulative Market Share: 33.83%

John Hancock Building

No. 7: John Hancock Group

2014 Ranking: 7

Direct Premiums Written, 2015: $4.8 billion

Direct Premiums Written, 2014: $4.7 billion

2015 Market Share: 2.99%

2014 Market Share: 3.09%

2015 Cumulative Market Share: 36.82%

Aegon Logo

No. 8: Aegon U.S. Holding Group

2014 Ranking: 8

Direct Premiums Written, 2015: $4.5 billion

Direct Premiums Written, 2014: $4.4 billion

2015 Market Share: 2.82%

2014 Market Share: 2.9%

2015 Cumulative Market Share: 39.64%

State Farm Logo

No. 9: State Farm Group

2014 Ranking: 9

Direct Premiums Written, 2015: $4.2 billion

Direct Premiums Written, 2014: $4.1 billion

2015 Market Share: 2.66%

2014 Market Share: 2.68%

2015 Cumulative Market Share: 42.30%

Minnesota

No. 10: Minnesota Mutual Group

2014 Ranking: 13

Direct Premiums Written, 2015: $3.8 billion

Direct Premiums Written, 2014: $3.5 billion

2015 Market Share: 2.4%

2014 Market Share: 2.26%

2015 Cumulative Market Share: 44.69%

 

See also:

The top 100 life & health insurance companies of 2015

Top 3 life insurers for consumer loyalty [infographic]

Consumers vote: Best and worst life insurance carriers

 

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