Metropolitan Group, the parent company of MetLife, ranks highest among 25 life insurers in terms of market share by direct premiums, according to a new report.
The National Association of Insurance Commissioners, Washington, D.C., released this finding in a summary of results from the NAIC’s 2012 market share data for life/fraternal and property/casualty insurers. The data includes country-wide direct written premium for the top 25 groups and companies as reported on the State Page of the annual statement for insurers that report to the NAIC.
In the survey, Metropolitan Group (of which Metropolitan Life Insurance Company is a part) ranks number one with 9.99% of market share. The next five life insurance companies by market share include Aflac Group (6.91 percent), Prudential of American Group (6.14 percent), Northwestern Mutual Group (5.62 percent) and New York Life Group (4.78 percent).
These top 25 companies reported to the NAIC direct premiums as follows: