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853. U.S. Life Insurance Companies--Summary

[As of December 31 or calendar year, as applicable (49.1 represents $49,100,000,000).Covers domestic and foreign business of U.S. companies.Beginning 1994 includes annual statement data for companies that primarilyare health insurance companies]
 
              ITEM Unit 1970 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998
 
U.S. companies 1 Number 1,780 1,746 1,742 1,789 1,840 1,895 1,958 1,991 2,060 2,117 2,193 2,261 2,254 2,337 2,343 2,270 2,195 2,064 1,944 1,844 2,136 2,079 1,679 1,620 1,563
 
Income Bil. dol 49.1 78.0 88.6 98.0 108.2 119.1 130.9 151.9 170.0 176.0 206.1 234.0 282.3 314.3 338.1 367.3 402.2 411.0 426.9 466.4 492.6 528.1 561.1 610.6 663.4
  Life insurance premiums Bil. dol 21.7 29.3 31.4 33.8 36.6 39.1 40.8 46.3 50.8 50.3 51.3 60.1 66.2 76.7 73.5 73.3 76.7 79.3 83.9 94.4 98.9 102.8 107.6 115.0 119.9
  Annuity considerations Bil. dol 3.7 10.2 14.0 15.0 16.3 17.9 22.4 27.6 34.6 30.5 42.9 53.9 83.7 88.7 103.3 115.0 129.1 123.6 132.6 156.4 153.0 158.4 178.4 197.5 229.5
  Health insurance premiums Bil. dol 11.4 19.1 21.1 23.6 25.8 27.9 29.4 31.8 35.0 38.2 40.7 41.8 44.2 47.5 52.3 56.1 58.3 60.9 65.5 68.7 86.2 90.0 92.2 92.7 94.9
  Investment and other Bil. dol 12.3 19.4 22.2 25.7 29.4 34.2 38.3 46.2 49.6 57.0 71.3 78.2 88.2 101.3 109.0 123.0 138.2 147.2 144.9 146.8 154.5 176.9 182.9 205.3 219.1
 
Payments to life insurance beneficiaries Bil. dol 7.0 9.2 9.6 10.2 11.1 11.8 12.9 14.2 15.1 15.7 16.8 18.2 19.5 20.5 21.7 23.3 24.6 25.4 27.2 28.8 32.6 34.5 36.3 37.5 40.1
Payments under life insurance and annuity contracts Bil. dol 9.4 13.3 15.0 16.3 17.5 20.6 25.2 29.3 32.9 36.2 43.7 48.3 48.8 50.9 52.4 56.9 63.8 66.2 67.8 71.2 168.2 193.1 210.7 239.1 261.8
  Surrender values under life insurance 2 Bil. dol 2.9 3.8 4.1 4.3 4.5 5.5 6.7 8.0 10.8 12.6 14.7 15.6 14.7 14.9 14.5 14.9 18.0 16.3 16.8 16.9 18.0 19.5 24.5 24.0 26.8
  Surrender values under annuity policies 2 Bil. dol (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) (NA) 92.8 105.4 115.7 140.8 154.5
  Policy dividends Bil. dol 3.2 4.5 5.0 5.3 5.7 6.1 6.8 7.8 7.9 8.6 9.7 10.1 10.1 10.5 11.0 11.4 12.0 12.1 12.2 12.7 15.9 17.8 18.1 18.0 18.9
  Annuity payments Bil. dol 2.1 3.7 4.4 5.3 5.9 7.5 10.2 12.0 12.8 13.6 17.9 21.3 22.7 24.3 25.7 29.4 32.6 36.6 37.6 40.3 40.4 48.5 51.1 55.1 60.4
  Matured endowments Bil. dol 1.0 0.9 1.0 0.9 0.9 0.9 0.9 0.9 0.8 0.8 0.8 0.8 0.8 0.8 0.8 0.7 0.7 0.7 0.6 0.6 0.6 1.0 0.7 0.6 0.6
  Other payments Bil. dol 0.2 0.4 0.5 0.5 0.5 0.6 0.6 0.6 0.6 0.6 0.6 0.5 0.5 0.5 0.5 0.6 0.6 0.5 0.6 0.6 0.5 0.9 0.6 0.6 0.6
Health insurance benefit payments Bil. dol 8.2 14.3 16.2 17.5 18.7 20.6 23.0 24.5 26.1 26.9 27.1 27.3 29.0 34.9 38.4 39.4 40.0 42.6 45.0 46.0 60.1 64.7 66.7 67.4 70.0
 
BALANCE SHEET
 
Assets Bil. dol 207 289 322 352 390 432 479 526 588 655 723 826 938 1,044 1,167 1,300 1,408 1,551 1,665 1,839 1,942 2,144 2,328 2,579 2,827
  Government securities Bil. dol 11 15 20 24 27 30 33 40 56 77 100 125 145 151 160 178 211 269 320 384 396 409 411 391 379
  Corporate securities Bil. dol 89 134 155 172 192 209 227 241 269 297 322 374 433 502 585 664 711 788 863 982 1,072 1,241 1,416 1,658 1,896
      Percent of total assets Percent 42.7 46.3 48.2 48.8 49.3 48.3 47.4 45.9 45.7 45.3 44.6 45.3 46.2 48.1 50.1 51.1 50.5 50.8 51.8 53.4 55.2 57.9 60.8 64.3 67.1
    Bonds Bil. dol 73 106 121 138 156 169 180 194 213 232 259 297 342 406 480 538 583 624 670 730 791 869 962 1,060 1,140
    Stocks Bil. dol 15 28 34 34 36 40 47 48 56 65 63 77 91 97 104 126 128 165 192 252 282 372 454 598 758
  Mortgages Bil. dol 74 89 92 97 106 118 131 138 142 151 157 172 194 213 233 254 270 265 247 229 215 212 212 210 216
  Real estate Bil. dol 6 10 10 11 12 13 15 18 21 22 26 29 32 34 37 40 43 47 51 54 54 52 50 46 41
  Policy loans Bil. dol 16 24 26 28 30 35 41 49 53 54 55 54 54 54 54 57 63 66 72 78 85 96 102 105 105
  Other Bil. dol 11 17 19 21 24 28 32 40 49 54 64 72 81 90 98 106 110 115 112 112 120 133 137 169 187
Interest earned on assets 3 Percent 5.30 6.36 6.55 6.89 7.31 7.73 8.02 8.57 8.91 8.96 9.45 9.63 9.35 9.10 9.03 9.10 8.89 8.63 8.08 7.52 7.14 7.34 7.25 7.35 6.95
 
Obligations and surplus funds 4 Bil. dol 207 289 322 352 390 432 479 526 588 655 723 826 938 1,044 1,167 1,300 1,408 1,551 1,665 1,839 1,942 2,144 2,328 2,579 2,827
  Policy reserves 5 Bil. dol 168 237 263 288 318 352 390 428 479 532 584 665 762 862 969 1,084 1,197 1,305 1,407 1,550 1,644 1,812 1,966 2,165 2,377
    Annuities 6 Bil. dol 41 72 89 103 122 144 172 200 243 286 332 400 477 549 628 714 798 877 940 1,041 1,095 1,213 1,312 1,455 1,608
      Group Bil. dol 34 60 73 84 99 116 140 161 192 222 255 303 356 393 434 474 516 548 560 602 612 619 690 762 845
      Individual Bil. dol 7 12 15 19 23 27 32 39 51 65 77 97 121 156 194 240 282 328 381 439 482 594 622 693 763
    Supplementary contracts 7 Bil. dol 8 8 9 9 9 9 9 9 9 10 10 11 12 13 15 16 17 18 19 21 23 25 28 28 (NA)
    Life insurance Bil. dol 115 150 158 167 178 188 198 207 214 221 226 236 252 276 300 324 349 372 402 436 468 511 556 606 656
    Health insurance Bil. dol 3 6 7 8 10 10 11 12 13 15 17 19 21 24 27 30 33 38 45 51 58 63 70 75 82
  Asset valuation reserve Bil. dol 2 2 3 3 4 5 6 6 7 8 7 11 15 16 18 19 15 19 21 25 25 30 33 36 38
  Capital and surplus Bil. dol 17 21 22 24 26 30 34 37 41 46 50 57 64 67 75 84 91 106 115 128 137 151 147 160 173


NA Not available.Z Less than $500 million.
1 Beginning 1994 includes life insurance companies that sellaccident and health insurance.
2 Beginning with 1994, "surrender values" include annuity withdrawalsof funds, which were not included in prior years.
3 Net rate.
4 Includes other obligations not shown separately.
5 Includes the business of health insurance departments oflife companies.
6 Beginning 1996 data are not comparable with prior years' datadue to a change in the treatment of separate account annuities.
7 Includes contracts with and withoutlife contingencies.

Source: American Council of Life Insurance, Washington, DC,Life Insurance Fact Book, annual (copyright).

http://www.acli.com/

https://allcountries.org/uscensus/853_u_s_life_insurance_companies_summary.html

These tables are based on figures supplied by the United States Census Bureau, U.S. Department of Commerce and are subject to revision by the Census Bureau.

Copyright © 2019 Photius Coutsoukis and Information Technology Associates, all rights reserved.