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March 11, 2011

Life/Health Insurer Assets and Asset Growth Rates for Structured Annuity Issuers

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by John Darer

The companies that issue structured settlement annuities are among the biggest financial institutions in the United States, if not the world.  Not only are they the biggest but the majority of companies are also growing, according to an A.M.Best survey of the top 100 US Life/Health Writers in terms of 9-month 2010 admitted assets* that was published in the March 2011 Best's Review.  The industry average growth rate was 4.4% while the average for the top 25 was 4.8%**

1. $472.84B  Metropolitan Life & Affilated Companies +8.4%

2. $391.07B  Prudential of America Group  +6.5%

3. $231.25B  Manulife Financial (includes John Hancock Life (USA) and its NY subsidiary) +1.7%

5. $226.33B  Hartford Life Group +2.7%

7. $211.53B  New York Life Group +4.8%

9. $179.91B  AEGON USA Group (Transamerica Life, Peoples Security, Monumental among others)  0.0%

13.$138.99B Mass Mutual Financial Group +4.8%

15.$100.83B Pacific Life Group +3.0%

21.$  69.71B Allstate Financial -5.9%

23.$  63.39B Genworth Insurance Group +0.4%

27.$  46.22B Aviva USA Group +6.6%

39.$  22.92B Symetra Life Group +7.7%

43. $ 18.97B Mutual of Omaha Group +3.9%***

48. $ 16.93B USAA Life Group  +11.6%

57. $ 13.98B Liberty Life Assurance of Boston +7.6%

86. $   3.64B Presidential Life Insurance Company +0.7%

91. $   3.29B Continental Assurance Company

* as of January 7, 2011

Companies listed in bold are current structured annuity issuers.

Note that while American General and United States Life Insurance Company in the City of New York were not listed in the Best's Review survey this author believes their assets would put them in the Top 100 and has requested numbers from the companies.

** by comparison 2003 industry average growth was 12.7%

*** purported to be re-entering the structured settlement market in Q2 2011

 

 

 

 

 

 

Posted at 06:28 PM in Annuity News, Bronx New York Structured Settlements, Brooklyn New York Structured Settlements, Buffalo New York Structured Settlements, Hartford Life Insurance Company, Insurance Company News, John Hancock Life Insurance/ John Hancock Life Insurance Co of NY, Metropolitan Life Insurance Company, New York City Structured Settlements, NYC Structured Settlements, Structured Annuity Company, Structured Annuity Issuer, Structured Settlement Industry News, Structured Settlements in Connecticut, Structured Settlements in Ithaca New York area, Structured Settlements in Nassau County, NY |

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Guide to Structured Settlements 2024

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  • Top Structured Settlement Annuity Companies 2024
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  • What Are Structured Settlement Annuities?
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Qualified Settlement Funds

  • What is a Qualified Settlement Fund?
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  • Firmwide Qualified Settlement Funds Debunked
    Firmwide qualified settlement funds have been heavily promoted to trial lawyers, but have been debunked in a detailed analysis in a July 2022 legal opinion a tax partner at the law firm of Faegre Drinker Biddle & Reath, LLP. Trial lawyers and firms who have established Firmwide QSFs or coinsidering establishing a Firmwide QSF should read the analysis as part of their evaluation.

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