Top 10 life insurance companies
The following list shows the top 10 life insurance companies and best life insurance companies in the United States.
MetLife is the largest life insurer in the U.S. and Mexico. The company was founded in 1868 and is one of the top global providers of insurance, annuities, and employee benefit programs. MetLife serves about 100 million clients worldwide and holds leading market positions in the US, Asia, Latin America, Europe, and the Middle East. As of August 16, 2013, MetLife had a market capitalization of about $53.0 billion.
Prudential is a financial services leader with about US$1.1 trillion in assets under management as of August 2013. The company is composed of hundreds of subsidiaries and holds more than $3.5 trillion of life insurance in force globally. In February 2011, it completed the acquisition of AIG Star Life Insurance and AIG Edison Life Insurance Company. The company uses the Rock of Gibraltar as its logo.
Northwestern Mutual is the largest direct provider of individual life insurance in USA, with over $1.0 trillion in force. The company expects to pay about $5 billion in total dividends to policy owners in 2012 – and more than twice the life insurance dividends of its closest competitor. Northwestern Mutual has the highest financial strength ratings awarded to any life insurer by all four of the major credit rating agencies.
New York Life Insurance
New York Life Insurance is the oldest and one of the top mutual life insurance companies in the United States with about $287 billion in total assets under management. The company has the highest possible rating “AAA” from leading rating agencies such as Moody's Investor Service, Fitch Ratings and Standard & Poor's.
Massachusetts Mutual Life Insurance
Massachusetts Mutual Life Insurance is one of the top life Insurance companies globally with over 12 million clients worldwide. The Company currently offers a broad portfolio of insurance, investment and retirement products. But whole life insurance policies continue to be its foundation. As of March 31, 2013, the Company had $186.764 billion in total assets and over $590 billion in assets under management. MassMutual has the highest financial strength ratings from leading rating agencies.
Aflac was established in 1955 and is the leading provider of supplemental insurance in the United States. Its principal business is supplemental health and life insurance, through its subsidiary, American Family Life Assurance Company. Aflac has a presence in all 50 United States and in Guam, Puerto Rico, and the Virgin Islands and insures more than 50 million people worldwide. Aflac Japan insures approximately one out of every four Japanese households.
Reinsurance Group of America
Reinsurance Group of America is a leader in the global life reinsurance industry, with over $2.5 trillion of life reinsurance in force and market capitalization of over $3.8 billion as of January 2012. The rating agencies have awarded Reinsurance Group of America strong insurer financial strength ratings: AA- (Standard & Poor's), A+ (A.M. Best) and A1 (Moody’s Investors Service).
Lincoln National is a holding company, which operates multiple insurance and retirement businesses. The Group offers variable annuities, universal life insurance, term life insurance, group life insurance, mutual funds, disability and dental insurance. With headquarters in the Philadelphia region, the company had assets under management of $153 billion as of September 30, 2011.
Principal Financial (PFG) was established in 1879 and is based in Des Moines, Iowa. PFG offers disability, life, vision and dental insurance and is a U.S. leader in 401(k) plans. The Company also offers life and disability insurance for estate planning, business continuation, executive benefits and financial planning for business owners, senior executives and key employees. As of June 30, 2013, the Company serves about 19 million customers.
Genworth is one of the top life insurance companies operating in the United States. With more than 6,000 employees, the company has a presence in all 50 states and serves more than 16 million customers worldwide.
Top 10 life insurance companies in Canada
Below is a list of the top 5, top 10 and best life insurance companies in Canada. Manulife Financial is the largest life insurance company in Canada with total assets of C$479.607 billion, as of June 30, 2012.
|Company||A.M. Best Rating|
|BMO Life Assurance Company||A (Excellent)|
|Co-operators Life Insurance Company||A (Excellent)|
|Empire Life Insurance Company||A (Excellent)|
|Great-West Life Assurance Company||A+ (Superior)|
|Industrial Alliance Life Insurance||A+ (Superior)|
|Manulife Financial||A+ (Superior)|
|Primerica Life Insurance Company of Canada||A+ (Superior)|
|RBC Life Insurance||A (Excellent)|
|Reliable Life Insurance Company||A+ (Superior)|
|Sun Life Assurance Company of Canada||A+ (Superior)|
|Wawanesa Life Insurance Company||A (Excellent)|
Top 10 life insurance companies in Australia
Below you can see the ranking of the top 10 and best life insurance companies in Australia for 2011. AMP merged with AXA Asia Pacific Holdings (AXA APH) in March 2011 to form the largest life insurer in Australia. AMP Life Limited operates as a subsidiary of AMP Holdings Ltd.
|Rank||Company||Premiums in Force ($, m)|
|8||Westpac Life Insurance||495.8|