Life Insurance in the United States
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 size (value 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
Summary
Life Insurance in the United States industry profile provides top-line qualitative and quantitative summary information including: market size (value 2016-20, and forecast to 2025). 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 2019 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 is expected to generate total gross written premiums of $606.2bn in 2020, representing a compound annual growth rate (CAGR) of 2.1% between 2016 and 2020.
- The pension/ annuity segment is expected to be the market's most lucrative in 2020, with total gross written premiums of $305.0bn, equivalent to 50.3% of the market's overall value.
- One of the main drivers of life insurance spending is consumer confidence. If consumers are confident in their economic ability and the long-term economic prospects of their country, then they are very unlikely to buy life insurance
- 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
- What was the size of the United States life insurance market by value in 2020?
- What will be the size of the United States life insurance market in 2025?
- 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?
- What are the main segments that make up 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 rationale for the recent M&A activity?
7.5. How has the COVID-19 outbreak impacted the market?
8 COMPANY PROFILES
8.1. MetLife Inc
8.2. The Northwestern Mutual Life Insurance Co
8.3. Prudential Financial Inc
8.4. New York Life Insurance Co
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
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 rationale for the recent M&A activity?
7.5. How has the COVID-19 outbreak impacted the market?
8 COMPANY PROFILES
8.1. MetLife Inc
8.2. The Northwestern Mutual Life Insurance Co
8.3. Prudential Financial Inc
8.4. New York Life Insurance Co
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, 2016-20(e)
Table 2: United States life insurance market category segmentation: $ billion, 2020(e)
Table 3: United States life insurance market geography segmentation: $ billion, 2020(e)
Table 4: United States life insurance market value forecast: $ billion, 2020-25
Table 5: United States life insurance market share: % share, by value, 2020(e)
Table 6: MetLife Inc: key facts
Table 7: MetLife Inc: Key Employees
Table 8: MetLife Inc: Key Employees Continued
Table 9: The Northwestern Mutual Life Insurance Co: key facts
Table 10: The Northwestern Mutual Life Insurance Co: Key Employees
Table 11: The Northwestern Mutual Life Insurance Co: Key Employees Continued
Table 12: Prudential Financial Inc: key facts
Table 13: Prudential Financial Inc: Key Employees
Table 14: Prudential Financial Inc: Key Employees Continued
Table 15: New York Life Insurance Co: key facts
Table 16: New York Life Insurance Co: Key Employees
Table 17: New York Life Insurance Co: Key Employees Continued
Table 18: United States size of population (million), 2016-20
Table 19: United States gdp (constant 2005 prices, $ billion), 2016-20
Table 20: United States gdp (current prices, $ billion), 2016-20
Table 21: United States inflation, 2016-20
Table 22: United States consumer price index (absolute), 2016-20
Table 23: United States exchange rate, 2015-19
Table 1: United States life insurance market value: $ billion, 2016-20(e)
Table 2: United States life insurance market category segmentation: $ billion, 2020(e)
Table 3: United States life insurance market geography segmentation: $ billion, 2020(e)
Table 4: United States life insurance market value forecast: $ billion, 2020-25
Table 5: United States life insurance market share: % share, by value, 2020(e)
Table 6: MetLife Inc: key facts
Table 7: MetLife Inc: Key Employees
Table 8: MetLife Inc: Key Employees Continued
Table 9: The Northwestern Mutual Life Insurance Co: key facts
Table 10: The Northwestern Mutual Life Insurance Co: Key Employees
Table 11: The Northwestern Mutual Life Insurance Co: Key Employees Continued
Table 12: Prudential Financial Inc: key facts
Table 13: Prudential Financial Inc: Key Employees
Table 14: Prudential Financial Inc: Key Employees Continued
Table 15: New York Life Insurance Co: key facts
Table 16: New York Life Insurance Co: Key Employees
Table 17: New York Life Insurance Co: Key Employees Continued
Table 18: United States size of population (million), 2016-20
Table 19: United States gdp (constant 2005 prices, $ billion), 2016-20
Table 20: United States gdp (current prices, $ billion), 2016-20
Table 21: United States inflation, 2016-20
Table 22: United States consumer price index (absolute), 2016-20
Table 23: United States exchange rate, 2015-19
LIST OF FIGURES
Figure 1: United States life insurance market value: $ billion, 2016-20(e)
Figure 2: United States life insurance market category segmentation: % share, by value, 2020(e)
Figure 3: United States life insurance market geography segmentation: % share, by value, 2020(e)
Figure 4: United States life insurance market value forecast: $ billion, 2020-25
Figure 5: Forces driving competition in the life insurance market in the United States, 2020
Figure 6: Drivers of buyer power in the life insurance market in the United States, 2020
Figure 7: Drivers of supplier power in the life insurance market in the United States, 2020
Figure 8: Factors influencing the likelihood of new entrants in the life insurance market in the United States, 2020
Figure 9: Factors influencing the threat of substitutes in the life insurance market in the United States, 2020
Figure 10: Drivers of degree of rivalry in the life insurance market in the United States, 2020
Figure 11: United States life insurance market share: % share, by value, 2020(e)
COMPANIES MENTIONED
MetLife Inc
The Northwestern Mutual Life Insurance Co
Prudential Financial Inc
New York Life Insurance Co
Figure 1: United States life insurance market value: $ billion, 2016-20(e)
Figure 2: United States life insurance market category segmentation: % share, by value, 2020(e)
Figure 3: United States life insurance market geography segmentation: % share, by value, 2020(e)
Figure 4: United States life insurance market value forecast: $ billion, 2020-25
Figure 5: Forces driving competition in the life insurance market in the United States, 2020
Figure 6: Drivers of buyer power in the life insurance market in the United States, 2020
Figure 7: Drivers of supplier power in the life insurance market in the United States, 2020
Figure 8: Factors influencing the likelihood of new entrants in the life insurance market in the United States, 2020
Figure 9: Factors influencing the threat of substitutes in the life insurance market in the United States, 2020
Figure 10: Drivers of degree of rivalry in the life insurance market in the United States, 2020
Figure 11: United States life insurance market share: % share, by value, 2020(e)
COMPANIES MENTIONED
MetLife Inc
The Northwestern Mutual Life Insurance Co
Prudential Financial Inc
New York Life Insurance Co
