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The Top 20 Largest Life Insurance Companies

Northwestern Mutual, New York Life and MassMutual are the biggest players in life insurance. Here's how those companies and others compare.
April 2, 2020
Insurance, Life Insurance
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The biggest life insurance companies offer a variety of products, are financially strong and have long histories, some spanning more than 100 years.

» COMPARE: Term life insurance quotes

Largest life insurance companies in the U.S.

Here are the 20 largest life insurance companies listed in order of market share for individual life insurance, according to data from S&P Global Market Intelligence. Market share is based on the total amount of premiums written for U.S. policyholders in 2019. Click on the links to learn more about each company.

CompanyMarket share in 2019
Source: S&P Global Market Intelligence; market share based on 2019 direct ordinary individual life insurance premiums
1. Northwestern Mutual10.3%
2. New York Life7.0%
3. MassMutual6.4%
4. Lincoln Financial5.6%
5. Prudential5.3%
6. John Hancock3.4%
7. State Farm3.4%
8. Transamerica3.2%
9. Guardian3.1%
10. MetLife3.0%
11. Pacific Life2.6%
12. American International Group (AIG)2.4%
13. Equitable Holdings (AXA)2.1%
14. Protective Life1.8%
15. Primerica1.7%
16. Brighthouse Financial1.6%
17. Nationwide1.6%
18. Securian1.4%
19. Sammons (Midland National Life Insurance Co. and North American Co. for Life and Health Insurance)1.4%
20. Voya Financial1.4%

» MORE: The differences between whole life and term life insurance

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