Insurance Handbook

Net Premiums Written, Property/Casualty And Life/Annuities

There are three main insurance sectors: property/casualty (P/C), mainly auto, home and commercial insurance; life/annuity, mainly life insurance and annuity products; and private health insurance, written by insurers whose main business is health insurance. Life/annuity and P/C insurers can also write health coverage.

Net Premiums Written, Property/Casualty And Life/Annuity Insurance, 2013-2022

($000)

Year Property/casualty (1) Life/annuity (2) Total
2013 $481,517,971 $560,069,272 $1,041,587,243
2014 502,842,475 644,479,853 1,147,322,328
2015 520,149,847 635,549,216 1,155,699,063
2016 533,761,961 597,634,158 1,131,396,119
2017 558,261,241 594,906,580 1,153,167,821
2018 618,129,596 599,149,141 1,217,278,737
2019 639,687,416 677,311,929 1,316,999,345
2020 655,562,181 621,916,180 1,277,478,361
2021 715,452,000 635,733,003 1,351,185,003
2022 775,106,443 698,528,536 1,473,634,979
Percent change      
2013-2022 61.0% 24.7% 41.5%
2021-2022 8.3 9.9 9.1

(1) Net premiums written before reinsurance transactions, excludes state funds, includes accident and health insurance.
(2) Includes premiums, annuity considerations (fees for annuity contracts), deposit-type funds and accident and health insurance.

Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.

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Property/Casualty And Life/Annuity Insurance Premiums, 2022 (1)

(US$ billions)

(1) Property/casualty: net premiums written after reinsurance transactions, excludes state funds; life/annuity: premiums, annuity considerations (fees for annuity contracts) and deposit-type funds. Both sectors include accident and health insurance.

Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.

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Direct Premiums Written, Property/Casualty And Life/Health

Direct Premiums Written, Property/Casualty And Life/Annuity Insurance, 2013-2022

($000)

Year Property/casualty (1) Life/annuity (2) Total
2013 $546,334,118 $646,630,185 $1,192,964,304
2014 570,782,303 662,282,225 1,233,064,528
2015 591,757,789 681,077,936 1,272,835,725
2016 613,383,327 683,352,546 1,296,735,873
2017 642,531,528 691,370,484 1,333,902,012
2018 678,266,386 732,088,541 1,410,354,927
2019 712,471,198 759,239,446 1,471,710,645
2020 729,019,771 765,372,510 1,494,392,281
2021 797,828,423 818,635,179 1,616,463,602
2022 876,091,055 878,971,460 1,755,062,515
Percent change      
2013-2022 60.4% 35.9% 47.1%
2021-2022 9.8 7.4 8.6

(1) Direct premiums written before reinsurance transactions. Excludes state funds; includes accident and health insurance.
(2) Includes premiums, annuity considerations (fees for annuity contracts), deposit-type funds and accident and health insurance.

Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.

View Archived Tables