The biggest life insurance companies offer a variety of products, are financially strong and have long histories, some spanning more than 100 years.
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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.
|Company||Market share in 2019|
|Source: S&P Global Market Intelligence; market share based on 2019 direct ordinary individual life insurance premiums|
|1. Northwestern Mutual||10.3%|
|2. New York Life||7.0%|
|4. Lincoln Financial||5.6%|
|6. John Hancock||3.4%|
|7. State Farm||3.4%|
|11. Pacific Life||2.6%|
|12. American International Group (AIG)||2.4%|
|13. Equitable Holdings (AXA)||2.1%|
|14. Protective Life||1.8%|
|16. Brighthouse Financial||1.6%|
|19. Sammons (Midland National Life Insurance Co. and North American Co. for Life and Health Insurance)||1.4%|
|20. Voya Financial||1.4%|