These Are The Ten Greatest Life Insurance coverage Firms

The U.S. insurance coverage trade recorded internet premiums of $1.28 trillion in 2020, with life/annuity insurers accounting for 49%, based on the info from S&P International Market Intelligence. Furthermore, there have been 5,929 insurance coverage corporations within the U.S. in 2020, together with 843 life/annuities and 995 well being corporations. Let’s check out the ten greatest life insurance coverage corporations.

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Ten Greatest Life Insurance coverage Firms

We’ve got referred to the most recent obtainable income numbers to rank the ten greatest life insurance coverage corporations. We’ve got solely thought-about Fortune 1000 for our record. Following are the ten greatest life insurance coverage corporations:

  1. Equitable Holdings (>$9.59 billion)

Based in 1859 and headquartered in New York, Equitable Holdings Inc (NYSE:EQH) is a monetary providers firm that gives its providers by way of two well-established principal franchises: AXA Equitable Life Insurance coverage Firm and AllianceBernstein. The mission of the corporate is to help clients to safe their monetary well-being. Its shares have gained virtually 10% in three months and over 10% in a single month. It reported a internet lack of over $640 million in 2020 and over $1.70 billion in 2019.

  1. Mutual of Omaha Insurance coverage (>$10.45 billion)

Based in 1909 and headquartered in Omaha, Neb., this firm presents a wide range of insurance coverage and monetary merchandise. The corporate is owned by its policyholders, and its mission is to “assist our clients shield what they care about and obtain their monetary objectives.” Mutual of Omaha Insurance coverage is a non-public firm.

  1. Pacific Life (>$11.84 billion)

Based in 1868 and headquartered in Newport Seashore, Calif., this firm presents a spread of life insurance coverage merchandise, annuities, and mutual funds, in addition to funding services and products. Pacific Life is a non-public firm and claims to have greater than half of the 100 largest U.S. corporations as its purchasers.

  1. Unum Group (>$11.99 billion)

Based in 1848 and headquartered in Chattanooga, Tenn., Unum Group (NYSE:UNM) presents monetary safety advantages. Unum Group has the next enterprise segments: Colonial Life, Unum US, Closed Block, Unum Worldwide, and Company. Its shares have misplaced virtually 1% in three months however are up virtually 13% in a single month. It reported a internet revenue of over $790 million in 2020 and over $1 billion in 2019.

  1. Reinsurance Group of America (>$14.30 billion)

Based in 1973 and headquartered in Chesterfield, Mo., this firm presents conventional and non-traditional life and well being reinsurance merchandise. Reinsurance Group of America Inc (NYSE:RGA) has the next segments: Europe, Center East, and Africa; U.S. and Latin America; Asia Pacific; Canada; and Company and Different. Its shares have misplaced virtually 6% in three months however are up over 12% in a single month. It reported a internet revenue of over $410 million in 2020 and over $850 million in 2019.

  1. Principal Monetary Group (>$16.22 billion)

Based in 1879 and headquartered in Des Moines, Iowa, this firm presents monetary services and products, together with retirement options, insurance coverage, and funding merchandise. Principal Monetary Group Inc (NASDAQ:PFG) has the next enterprise segments: Principal International Buyers, U.S. Insurance coverage Options, Retirement and Revenue Options, Principal Worldwide, and Company. Principal Monetary shares have gained greater than 11% in three months and over 4% in a single month. It reported a internet revenue of over $1.40 billion in 2020 and over $1.30 billion in 2019.

  1. Lincoln Nationwide (>$17.25 billion)

Based in 1968 and headquartered in Radnor, Pa., Lincoln Nationwide Company (NYSE:LNC) presents insurance coverage and retirement providers. Lincoln Nationwide has the next enterprise segments: Retirement Plan Companies, Group Safety, Annuities, Life Insurance coverage, and Different Operations. Lincoln Nationwide shares have misplaced virtually 1% in three months however are up over 8% in a single month. It reported a internet revenue of over $490 million in 2020 and over $880 million in 2019.

  1. AFLAC (>$22.3 billion)

Based in 1955 and headquartered in Columbus, Ga., this firm presents monetary safety providers. AFLAC Included (NYSE:AFL) has the next enterprise segments: Aflac Japan and Aflac United States. AFLAC shares have gained greater than 14% in three months and over 9% in a single month. It reported a internet revenue of over $4.70 billion in 2020 and over $3.2 billion in 2019.

  1. Prudential Monetary (>$64.8 billion)

Based in 1875 and headquartered in Newark, N.J., this firm presents monetary services and products, together with mutual funds, funding administration, insurance coverage, and annuities. Prudential Monetary Inc (NYSE:PRU) has the next enterprise segments: Particular person Annuities, Closed Block, Retirement, Group Insurance coverage, PGIM, Worldwide Companies, Particular person Life, Assurance IQ, and Company and Others. Prudential Monetary shares have gained greater than 5% in three months and over 7% in a single month. It reported a internet lack of $395 million in 2020 and a internet revenue over $4.10 billion in 2019.

  1. MetLife (>$69.6 billion)

Based in 1868 and headquartered in New York, this firm presents insurance coverage and monetary providers, together with vehicle and home-owner’s insurance coverage, retail banking providers and extra, to particular person and institutional clients. Metlife Inc (NYSE:MET) shares have gained greater than 3% in three months and over 10% in a single month. It reported a internet revenue of over $5.4 billion in 2020 and over $5.9 billion in 2019.

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