MetLife reported the highest direct premiums among life insurers and was second in terms of annuity premiums, according to rankings released this week and updated regularly by the National Association for Insurance Commissioners.

As a result of the insurer's good placement in both of those lists, MetLife also headed the list of largest insurers taking into account several lines of business, including life, annuity, deposit-type contract funds, and accident/health, reporting $110 billion in total direct premiums across all lines, followed by Prudential ($87 billion), UnitedHealth Group ($40.6 billion), Aflac ($30.1 billion) and New York Life ($24.6 billion).

In terms of direct premiums and market share of the annuities market, Prudential separated themselves with a market share of more than 20.02 percent and premiums topping $54.3 billion. MetLife, coming in second, reported totals of less than half those numbers (8.67 percent; $23.5 billion), followed by Jackson National (8.27; $22.4 billion), Lincoln National (5.59 percent; $15.2 billion) and AIG (4.61 percent; $12.5 billion).

Below is a listing of the top 25 life insurers with respective market share (by percentage) and direct premiums (in billions):

MetLife: 9.99; $16.0
Aflac: 6.92; $11.1
Prudential: 6.15; $9.9
Northwestern Mutual: 5.62; $9.02
New York Life: 4.78; $7.7
Lincoln National: 3.64; $5.8
John Hancock: 3.25; $5.2
MassMutual: 2.98; $4.8
Aegon: 2.61; $4.2
State Farm: 2.41; $3.7
AIG: 2.22; $3.6
Guardian Life: 2.08; $3.3
AXA: 2.06; $3.3
The Hartford: 2.02; $3.2
ING: 1.86; $2.8
Minnesota Mutual: 1.71; $2.75
Pacific Life: 1.70; $2.7
Protective Life: 1.55; $2.5
Allstate: 1.33; $2.1
Genworth: 1.32; $2.1
Sammons Enterprises: 1.29; $2.1
Primerica: 1.21; $1.9
Principal: 1.17; $1.88
Nationwide: 1.16; $1.86
Unumprovident: 1.13; $1.82

 

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