by John Darer® CLU ChFC MSSC RSP CLTC
The life insurance companies that issue structured settlement annuities or periodic payment reinsurance are perennially among the world's largest and most admired corporations.
Prudential Financial is the most admired life insurance company in the world according to the 2017 Fortune world's most admired companies. Newark, NJ based Prudential subsidiary, The Prudential Insurance Company of America, in business since 1875, underwrites and issues structured settlement annuities.
Berkshire Hathaway was not only the top in the P&C insurance industry sector, it is the 4th most admired company in the world in the 2017 Fortune survey. Berkshire Hathaway subsidiaries, Berkshire Hathaway Life Insurance Company of Nebraska, First Berkshire Hathaway Life Insurance Company, National Indemnity Company, Columbia Insurance Company and BHG Structured Settlements, Inc. participate in the structured settlement marketplace
Other companies whose subsidiaries are current and former structured annuity issuers include:
New York Life Insurance Company and Massachusetts Mutual, 3rd and 5th respectively in the life insurance sector that includes annuities
In addition to Berkshire Hathaway, which tops the P&C sector in the survey, USAA is #2 and Liberty Mutual is ranked 7th in the P&C sector. Liberty Mutual and its subsidiary Liberty Life Assurance Company of Boston participate in the structured settlement marketplace and through its relationship with BARCO Assignments Ltd., is currently the only structured settlement annuity funded non qualified structured settlement program in the marketplace.
According to its website, Fortune in collaboration with Korn Ferry Hay Group, started with approximately 1,500 companies: the Fortune 1,000 -- the 1,000 largest U.S. companies ranked by revenue and non-U.S. companies in Fortune's Global 500 database with revenue of $10 billion or more. Fortune then selected the 15 largest for each international industry and the 10 largest for each U.S. industry, surveying a total of 680 companies from 30 countries. To create the industry lists, 3,800 executives, directors, and analysts were asked to rate companies in their industry on nine criteria, from investment value to social responsibility. A company's score must rank in the top half of its industry survey to be listed. Fortune has been compiling this survey on both a global and US domestic basis for over 30 years.
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