Investor Presentaiton
(Millions)
$8,000
(Millions)
$350,000
$280,000
$210,000
$140,000
$70,000
$0
Billions
$3,500
$3,000
$2,500
$2,000
$1,500
$1,000
$500
$0
Total U.S. Premium
All Types of Insurance ($ billions)
$1,865
$1,990
$2,136
$2,224
$2,321
$2,473
(Premiums from Property, Life, Fraternal, Health and Title Annual
Statements plus State Funds for Property and Health)
Source: National Association of Insurance Commissioners
Premium Written for Automobile
Insurance
2014
2015
230,999
218,408
2016
247,400
2017
267,402
2018
2019
287,161
299,098
2020
295,942
2021
2022
337,809
315,396
$12,000
$10,000
Premium Written for Medical
Liability Insurance
$0
៖ ៖
$6,000
$4,000
$2,000
2013
9,785
2014
9,658
C
2015
9,386
2016
9,319
2017
9,194
2018
9,351
2019
9,785
2020
10,155
2021
11,179
2022
11,903
(Millions)
(Millions)
$2,624
NAIC
NATIONAL ASSOCIATION OF
INSURANCE COMMISSIONERS
State Insurance Regulation: Key Facts and Market Trends
OVERVIEW OF THE UNITED STATES INSURANCE MARKET
2022
$2,791
$3,034
$3,270
Homeowners Insurance
$150,000
$125,000
$100,000
$75,000
Line of Business
Fire
U.S. Property & Casualty Premium by Line of Business
2022
20,962,005,810
2021
17,949,409,479
Allied lines
18,359,180,650
21,900,339,418
Federal flood
3,095,227,225
2,777,000,344
Crop
1,267,688,228
1,471,672,366
Private Flood
1,021,026,151
1,263,628,480
Farm.
18,991,653,046
24,291,432,551
Homeowners multiple peril
119,769,512,885
133,766,985,693
Commercial multi peril
49,791,768,120
55,133,567,113
Mortgage guaranty
5,715,488,991
5,600,575,886
Ocean & Inland Marine
33,377,833,123
38,100,524,324
Financial guaranty
332,979,456
362,677,279
Medical professional liability
11,179,056,258
Medical professional liability - Occurance
2,637,584,556
Medical professional liability - Claims Made
Earthquake
9,265,022,140
3,780,527,198
4,197,676,654
Accident & Health
1,926,940,928
7,511,190,572
Workers' compensation
55,164,050,344
60,315,579,452
Products liability
4,318,476,538
Products liability - Occurance
4,003,788,955
Products liability - Claims Made
873,774,350
Automobile
Aircraft (all perils)
Fidelity
Surety
Burglary and theft
Boiler and machinery
Credit
Other
Total
315,395,762,148
337,809,381,741
2,386,530,987
2,659,199,705
1,388,357,460
1,458,418,263
7,346,320,499
8,476,476,212
481,827,739
559,620,839
2,131,779,842
2,343,181,198
2,228,858,989
2,646,389,699
108,956,132,487
791,239,640,851
117,786,785,693
868,174,860,180
Source: National Association of Insurance Commissioners
(Premiums from Property Annual Statements plus State Funds)
Premium Written for
Premium Written for
Commercial MP Insurance
582,750
618,128
619,440
633,065
678,880
739,903
$1,000,000
$800,000
$600,000
$400,000
$200,000
$0
Premium Written for
Life Insurance *
$50,000
$25,000
$0
2014
86,270
2015
89,113
2016
91,384
2017
94,243
2018
98,808
2019
104,155
798,281
2020
110,449
872,628
2021
119,770
933,164
2022
133,767
* Figures include Life, Annuities, Deposit Type Funds, and Other Considerations from the NAIC Life, and Fraternal financial statements.
** Figures includes Health data from the NAIC Health, Life, and Fraternal financial statements and California Insurance data.
Figures include data from State Funds where applicable.
Copyright ©2023 National Association of Insurance Commissioners. All rights reserved.
(Millions)
$60,000
$50,000
$40,000
$30,000
$20,000
(Millions)
$10,000
$0
2014
38,962
2015
39,553
2016
39,834
2017
40,641
2018
41,806
2019
44,131
2020
46,231
2021
49.792
2022
55,134
$1,600,000
$1,400,000
Premium Written & Deposits for
Health Insurance **
$1,200,000
$1,000,000
$800,000
$600,000
$400,000
$200,000
$0
2014
817,217
2015
903,154
2016
967,255
2017
1,022,008
2018
1,091,886
2019
1,156,652
2020
1,251,408
2021
1,344,341
2022
1,446,152View entire presentation