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Life Insurance in the United States

August 2020 | 44 pages | ID: LA3101CE0DCEN
MarketLine

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Life Insurance in the United States

SUMMARY

Life Insurance in the United States industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2015-19, and forecast to 2024). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

KEY HIGHLIGHTS
  • The value of the life insurance market is shown in terms of gross premium incomes from mortality protection and retirement savings plans. All currency conversions have been calculated using constant 2018 annual average exchange rates. The insurance market depends on a variety of economic and non-economic factors and future performance is difficult to predict. The forecast given in this report is not based on a complex economic model, but is intended as a rough guide to the direction in which the market is likely to move.
  • The US life insurance market had total gross written premiums of $593.4bn in 2018, representing a compound annual growth rate (CAGR) of 2.8% between 2014 and 2018.
  • High levels of household disposable income alongside with low consumer confidence and low interest rates than the previous years, boosted sales for life insurance products.
  • Insurance markets are impacted by interest rates, as higher rates increase the attractiveness of insurance products and premium income while also decreasing the liabilities of insurers.
SCOPE
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the life insurance market in the United States
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the life insurance market in the United States
  • Leading company profiles reveal details of key life insurance market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the United States life insurance market with five year forecasts
REASONS TO BUY
  • What was the size of the United States life insurance market by value in 2019?
  • What will be the size of the United States life insurance market in 2024?
  • What factors are affecting the strength of competition in the United States life insurance market?
  • How has the market performed over the last five years?
  • Who are the top competitiors in the United States's life insurance market?
1 EXECUTIVE SUMMARY

1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive Landscape

2 MARKET OVERVIEW

2.1. Market definition
2.2. Market analysis

3 MARKET DATA

3.1. Market value

4 MARKET SEGMENTATION

4.1. Category segmentation
4.2. Geography segmentation

5 MARKET OUTLOOK

5.1. Market value forecast

6 FIVE FORCES ANALYSIS

6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry

7 COMPETITIVE LANDSCAPE

7.1. Market share
7.2. Who are the leading players?
7.3. What strategies do the leading players follow?
7.4. What is the rational for the recent M&A activity?

8 COMPANY PROFILES

8.1. MetLife Inc
8.2. The Northwestern Mutual Life Insurance Co
8.3. New York Life Insurance Co
8.4. Prudential Financial Inc

9 MACROECONOMIC INDICATORS

9.1. Country data

10 APPENDIX

10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine

LIST OF TABLES

Table 1: United States life insurance market value: $ billion, 2014-18
Table 2: United States life insurance market category segmentation: $ billion, 2018
Table 3: United States life insurance market geography segmentation: $ billion, 2018
Table 4: United States life insurance market value forecast: $ billion, 2018-23
Table 5: United States life insurance market share: % share, by value, 2018
Table 6: MetLife Inc: key facts
Table 7: MetLife Inc: Annual Financial Ratios
Table 8: MetLife Inc: Key Employees
Table 9: MetLife Inc: Key Employees Continued
Table 10: The Northwestern Mutual Life Insurance Co: key facts
Table 11: The Northwestern Mutual Life Insurance Co: Key Employees
Table 12: The Northwestern Mutual Life Insurance Co: Key Employees Continued
Table 13: New York Life Insurance Co: key facts
Table 14: New York Life Insurance Co: Key Employees
Table 15: New York Life Insurance Co: Key Employees Continued
Table 16: Prudential Financial Inc: key facts
Table 17: Prudential Financial Inc: Annual Financial Ratios
Table 18: Prudential Financial Inc: Key Employees
Table 19: Prudential Financial Inc: Key Employees Continued
Table 20: United States size of population (million), 2014-18
Table 21: United States gdp (constant 2005 prices, $ billion), 2014-18
Table 22: United States gdp (current prices, $ billion), 2014-18
Table 23: United States inflation, 2014-18
Table 24: United States consumer price index (absolute), 2014-18
Table 25: United States exchange rate, 2015-19

LIST OF FIGURES

Figure 1: United States life insurance market value: $ billion, 2014-18
Figure 2: United States life insurance market category segmentation: % share, by value, 2018
Figure 3: United States life insurance market geography segmentation: % share, by value, 2018
Figure 4: United States life insurance market value forecast: $ billion, 2018-23
Figure 5: Forces driving competition in the life insurance market in the United States, 2018
Figure 6: Drivers of buyer power in the life insurance market in the United States, 2018
Figure 7: Drivers of supplier power in the life insurance market in the United States, 2018
Figure 8: Factors influencing the likelihood of new entrants in the life insurance market in the United States, 2018
Figure 9: Factors influencing the threat of substitutes in the life insurance market in the United States, 2018
Figure 10: Drivers of degree of rivalry in the life insurance market in the United States, 2018
Figure 11: United States life insurance market share: % share, by value, 2018


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