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.
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%
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%
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%
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%
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%
