Investor Presentaiton
NAIC
NATIONAL ASSOCIATION OF
INSURANCE COMMISSIONERS
State Insurance Regulation: Key Facts and Market Trends
The primary goal of state regulation is to protect insurance consumers, while recognizing that consumers as well as companies are well
served by efficient, market-oriented regulation of the business of insurance.
OVERVIEW OF THE UNITED STATES INSURANCE MARKET
2022
Data Year
Property & Casualty*
Life
Health**
U.S. Premiums by NAIC Financial Statement Type
Fraternal
Organizations***
Title
Total
2013
$542,833,227,696
2014
$567,105,061,580
2015
2016
2017
2018
2019
2020
$674,190,146,476
$707,303,784,088
$723,246,793,358 $1,006,632,235,604
$589,667,150,148
$611,195,728,207 $785,304,558,898
$639,878,165,766 $810,086,066,759
$869,600,291,092
$942,312,241,837
$728,875,641,516
$737,379,318,108
$777,515,604,883
$570,418,613,975
$664,142,345,327
$10,215,713,285 $12,451,832,623
$1,864,795,029,095
$10,458,718,584 $11,060,055,329
$1,990,145,498,928
$745,397,969,897
$802,132,413,342
$846,780,935,013
$904,474,399,538
$958,805,424,749
$0
$1,042,296,991,090
$0
$10,867,996,721 $12,885,170,798 $2,136,333,892,447
$11,028,741,281 $14,030,332,178 $2,223,691,773,906
$10,222,142,527 $14,506,091,538 $2,321,473,401,603
$10,303,786,208 $14,631,346,937 $2,473,199,970,251
$15,650,177,336 $2,624,071,628,010
$19,243,067,702 $2,791,419,087,754
2021
$791,239,640,117 $1,085,563,498,797
$1,131,279,898,893
$0
$26,122,328,491
$3,034,205,366,298
2022
$868,174,858,151 $1,143,369,956,898
$1,236,369,783,627
$0
$21,895,885,175
$3,269,810,483,851
*Starting in 2004, Property/Casualty premiums include Supplemental State Funds.
** Starting in 2007, Health premiums include data filed with the California Department of Insurance.
*** Starting in 2019, the Fraternal Organizations financial statement was combined with the Life financial statement.
Source: National Association of Insurance Commissioners
2022 U.S. Premiums by NAIC IDRR Premium Category
Total
Life/
Annuities
$3,128,658,831,179
$953,226,467,160
Property /
Casualty
Health
Title
Risk Retention
Group
All
Other
$5,684,795,947
$10,398,215,415
$785,807,492,523 $1,352,317,961,054 $21,223,899,080
Source: NAIC Insurance Department Resources Report
2022 U.S. Insurance Industry Information
Captive
Premium
$44,918,924,655
Num of
Captives
4,167
Captive Mean
Premium
$10,779,680
Domestic
Premium
$3,128,658,831,179
Num of
Domestic
5,965
Source: NAIC Insurance Department Resources Report
Domestic Mean
Premium
$524,502,738
2022 U.S. Insurance Department Information for All States
Total
Revenue
Total State
Tax Revenue
$27,501,755,217
Total
Budget
$32,706,405,896
Source: NAIC Insurance Department Resources Report
$1,745,764,738
Copyright ©2023 National Association of Insurance Commissioners. All rights reserved.
Total
Employment
Consumer
Inquiries
Consumer
Complaints
10,862
1,516,175
282,567View entire presentation