Largest life insurance companies in the United States in 2018, by assets
(in billion U.S. dollars)
Leading life insurance companies in the U.S. 2018, by assets
In 2018, Prudential Financial was the largest life insurance company in the U.S., with assets amounting to approximately 578 billion U.S. dollars.

Life insurance - additional information

Life insurance is an important component of basic financial planning and acts as a form of protection against the loss of income resulting from the death of an insured individual. The person named as the beneficiary of the deceased receives the proceeds and is therefore protected against any financial impact that may result from the death.

There are different forms of life insurance offered by life insurance companies. Some life insurance policies provide coverage at fixed payments for a length of time that it defined when the policy is initially taken out. After expiration of the fixed period, the previous rate of premiums can be no longer guaranteed to the insured and they are required to either forgo their coverage or accept different terms or conditions. This form of insurance is known as term insurance. Permanent or whole life insurance, on the other hand, is a form which provides the insured with life-long coverage. Term insurance is cheaper than whole life insurance as it is not designed to pay out in all cases. Many people decide to take out fixed-term policies due to their low cost nature.
Largest life insurance companies in the United States in 2018, by assets
(in billion U.S. dollars)
Total assets in billion U.S. dollars
Prudential Financial577.91
MetLife, Inc. 409.62
New York Life 324.78
TIAA-CREF 316.04
American International Group 285
Northwestern Mutual 272.27
Lincoln Financial 255.64
Massachusetts Mutual 254.87
Manulife Financial 247.57
Jackson National 236.99
Transamerica Corporation 201.2
AXA Financial 194.99
Voya Financial 189.37
Principal Financial 185.01
Brighthouse Holdings Group179.3
Nationwide 170.47
Allianz 145.15
Pacific Life 135.58
Hopmeadow Holdings Group117.91
Ameriprise Financial 104.11
Thrivent Financial For Lutherans 94.23
Sammons Financial 85.25
Athene Group83.78
State Farm 78.03
Guardian 75.59
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Sources

Release date

October 2019

Region

United States

Survey time period

December 31, 2018

Supplementary notes

The source adds the following information: "Group totals represent a collection of life insurers based on organizational structure."
Figures have been rounded.

Leading life insurance companies in the U.S. 2018, by assets
In 2018, Prudential Financial was the largest life insurance company in the U.S., with assets amounting to approximately 578 billion U.S. dollars.

Life insurance - additional information

Life insurance is an important component of basic financial planning and acts as a form of protection against the loss of income resulting from the death of an insured individual. The person named as the beneficiary of the deceased receives the proceeds and is therefore protected against any financial impact that may result from the death.

There are different forms of life insurance offered by life insurance companies. Some life insurance policies provide coverage at fixed payments for a length of time that it defined when the policy is initially taken out. After expiration of the fixed period, the previous rate of premiums can be no longer guaranteed to the insured and they are required to either forgo their coverage or accept different terms or conditions. This form of insurance is known as term insurance. Permanent or whole life insurance, on the other hand, is a form which provides the insured with life-long coverage. Term insurance is cheaper than whole life insurance as it is not designed to pay out in all cases. Many people decide to take out fixed-term policies due to their low cost nature.
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