25 Largest Life Insurance Corporations in The USA

 

 25 Largest Life Insurance Corporations in The USA of 2024

 

25 Largest Life Insurance Corporations in The USA- According to National Association of Insurance Commissioners (NAIC) in 2025, there are 125 Largest Life Insurance Corporations in the USA. These Corporations have generated billions of US Dollar (USD) of Direct Premiums.

 

Many people in the USA still believe in Life insurance and still use these insurance products. According to Investopedia, life insurance is a contract between a life insurance Corporation and a policy owner. A life insurance policy guarantees the insurer pays a sum of money to one or more named beneficiaries when the insured person dies in exchange for premiums paid by the policyholder during their lifetime. Finally, it serves as financial safety, offering protection and giving peace of mind by ensuring that the people are financially secure in the event of the policyholder's passing.

Commonly, in the USA, Life insurance products generally can be divided into two main categories, namely Term Life Insurance and Permanent Life Insurance. Basically, Life Insurance provides coverage for a fixed period such as 10, 20, or 30 years. Meanwhile, Permanent Life Insurance provides lifetime coverage. Specifically, Common Types of Permanent Life Insurance in the USA's market including Whole Life Insurance, Universal Life (UL) Insurance, Indexed Universal Life (IUL) Insurance, Variable Universal Life (VUL) InsuranceFinal Expense or Burial Insurance and others.

All the data were obtained from Life/Fraternal Market Share report 2024 published by the National Association of Insurance Commissioners (NAIC), a non-profit organization which has a goal to protect insurance consumers by promoting uniformity of insurance laws and state regulations in the United States. Structurally, National Association of Insurance Commissioners (NAIC) is the U.S. standard-setting organization governed by the chief insurance regulators from the 50 states, the District of Columbia, and five U.S. territories to coordinate regulation of multistate insurers. Historically, NAIC was founded in 1871. Here is the rank of 125 Largest Life Insurance Corporations in 2024. The data ranking was arranged based on the Direct premium generated by insurance Corporations in 2024.

 

The Rank of 125 Largest Life Insurance Corporations in the USA

 

Rank	Name of Life Insurance Corporations	Direct Written Premium in 2024	Market Share
		(In US Dollar)
1	Northwestern Mutual	13,660,101,777	8.74%
2	New York Life Insurance	9,056,654,117	5.80%
3	MassMutual Life Insurance	8,708,335,898	5.57%
4	Prudential Financial	7,988,680,543	5.11%
5	Lincoln National Group	6,366,865,591	4.07%
6	State Farm Insurance	5,890,587,762	3.77%
7	Dai-Ichi Life Holdings	5,518,766,081	3.53%
8	Pacific Life	5,172,475,632	3.31%
9	John Hancock	4,947,733,649	3.17%
10	Aegon US Holding	4,734,593,132	3.03%
11	Guardian Life	4,291,945,198	2.75%
12	Nationwide Mutual Insurance Corporation	3,914,279,909	2.50%
13	American International Group	3,558,120,687	2.28%
14	National Life Group	3,407,296,294	2.18%
15	The Penn Mutual Life Insurance Corporation	3,222,675,779	2.06%
16	Primerica	3,088,708,486	1.98%
17	Mutual Of Omaha	2,851,624,883	1.82%
18	Equitable Holdings	2,783,849,167	1.78%
19	Globe Life Inc	2,630,497,894	1.68%
20	Sammons Enterprises	2,140,427,492	1.37%
21	Securian Financial Group	2,052,781,973	1.31%
22	Principal Financial Group	2,007,841,642	1.28%
23	Metropolitan Group	1,980,718,304	1.27%
24	Brighthouse Holdings Group	1,866,112,577	1.19%
25	West Southern Group	1,858,267,678	1.19%
26	Allianz Insurance	1,790,695,190	1.15%
27	Banner Life	1,660,802,842	1.06%
28	Thrivent Financial for Lutherans	1,519,492,052	0.97%
29	Zurich Insurance	1,339,506,472	0.86%
30	Ameriprise Financial	1,177,767,286	0.75%
31	TruStage Financial Group	1,170,834,640	0.75%
32	United Services Automobile Association (USAA)	1,139,122,251	0.73%
33	Genworth Financial	1,110,040,480	0.71%
34	OneAmerica Financial Partners	1,035,934,944	0.66%
35	Ameritas Mutual Holding Group	946,154,656	0.61%
36	Southern Farm Bureau Life Insurance	944,472,647	0.60%
37	Sumitomo Life Insurance	918,000,512	0.59%
38	Brookfield Wealth Solutions	913,749,971	0.58%
39	Voya Financial	910,256,806	0.58%
40	CNO Financial Group	893,555,825	0.57%
41	Kuvare Holdings	887,882,635	0.57%
42	Global Atlantic Group	880,406,576	0.56%
43	Knights Of Columbus	868,412,833	0.56%
44	Fidelity National Financial	813,952,831	0.52%
45	AAA Life Insurance Corporation	798,450,778	0.51%
46	Lincoln Heritage Life Insurance Corporation	710,366,607	0.45%
47	UNUM Group	705,141,934	0.45%
48	Constellation Insurance	692,648,080	0.44%
49	Talcott Financial Group	680,923,804	0.44%
50	Wilton Re	675,117,864	0.43%
51	Insco Trust Group	660,333,489	0.42%
52	Independent Order of Foresters	653,888,494	0.42%
53	Everlake Holdings Group	614,530,708	0.39%
54	Axcelus Financial Life Insurance	572,488,699	0.37%
55	iA Financial Group	556,972,829	0.36%
56	Financial Holding Corporation (FHC)	522,612,176	0.33%
57	Resolution Life Group	486,839,841	0.31%
58	American Family Insurance Group	484,837,303	0.31%
59	Jackson National Life Insurance Corporation	450,788,009	0.29%
60	Country Financial	445,485,395	0.29%
61	Iowa Farm Bureau	423,461,213	0.27%
62	Kemper Corporation	401,111,070	0.26%
63	Prosperity Life Insurance	398,412,243	0.25%
64	Cincinnati Financial Group	390,177,574	0.25%
65	Security Mutual Life Insurance Corporation of New York	377,547,652	0.24%
66	SBLI (Savings Bank Life Insurance)	347,810,252	0.22%
67	Kansas City Life Insurance Corporation (KCL)	314,711,923	0.20%
68	Aflac Group Insurance	287,831,638	0.18%
69	Sun Life Financial	286,614,579	0.18%
70	Modern Woodmen of America	284,835,418	0.18%
71	TIAA	274,977,580	0.18%
72	Woodmen of the World Life Insurance Society	273,299,768	0.17%
73	Federated Insurance	273,155,014	0.17%
74	Erie Insurance	264,606,867	0.17%
75	American Fidelity Corporation Group	264,533,832	0.17%
76	GGC Group	262,402,359	0.17%
77	Great-West Lifeco	253,122,377	0.16%
78	Pan-American Life Insurance Group	247,733,490	0.16%
79	National Guardian Life Insurance	227,458,596	0.15%
80	Physicians Mutual Group	202,379,307	0.13%
81	Columbian Financial Group	200,705,042	0.13%
82	Tennessee Farmers Insurance Corporations	199,935,063	0.13%
83	Unitedhealth Group	194,672,722	0.12%
84	Indiana Farm Bureau Insurance	181,544,347	0.12%
85	Fidelity Life	180,590,185	0.12%
86	Alfa Insurance Group	172,002,677	0.11%
87	Powell Insurance Group	168,337,373	0.11%
88	GuideWell	163,067,622	0.10%
89	Auto Owners Group	161,970,836	0.10%
90	Royal Neighbors of America	159,432,610	0.10%
91	Apollo Global Management	153,582,812	0.10%
92	Michigan Farm Bureau Group	150,795,708	0.10%
93	Shelter Insurance Group	149,132,364	0.10%
94	Boston Mutual Group	141,671,498	0.09%
95	Horace Mann	135,238,121	0.09%
96	Security National Group	119,976,791	0.08%
97	Swiss Re Insurance Group	114,946,017	0.07%
98	Amica Mutual Group	113,730,950	0.07%
99	Assurity Group	106,748,925	0.07%
100	Wellabe Mutual Holding	105,380,591	0.07%
101	Pekin Insurance	100,601,090	0.06%
102	Cigna Health Group	100,586,272	0.06%
103	GPM Life Group	98,904,112	0.06%
104	Liberty Mutual Group	96,263,593	0.06%
105	Baltimore Life Insurance	94,781,052	0.06%
106	Homesteaders Life Corporation	81,750,270	0.05%
107	Allstate Insurance Group	81,144,137	0.05%
108	Chubb Ltd	72,954,529	0.05%
109	Trustmark Mutual Holding Corporation	71,046,105	0.05%
110	Calton Holdings	70,428,749	0.05%
111	Directors Investment Group	67,183,413	0.04%
112	EMC National Life	66,148,336	0.04%
113	Illinois Mutual Life Insurance Corporation	65,920,139	0.04%
114	United Heritage Mutual Holding Corporation	60,631,814	0.04%
115	Citizens Financial Group	56,556,157	0.04%
116	Manhattan Life Group	55,482,547	0.04%
117	CVS Group	51,793,596	0.03%
118	Advantage Capital Group	50,720,777	0.03%
119	U-Haul Holding Corporation	46,075,030	0.03%
120	Missouri Farm Bureau	45,716,999	0.03%
121	Trusted Fraternal Life	44,668,066	0.03%
122	SBL Holdings Group	43,630,921	0.03%
123	Fidelity Security Life Insurance Corporation	40,608,351	0.03%
124	Texas Service Life	39,307,399	0.03%
125	Sagicor Life	39,272,856	0.03%
Total Life Industry in the USA		156,266,521,628	100.00%
Source: NAIC, 2025

 

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Brief Description of 25 Largest Life Insurance Corporations in The USA

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1. Northwestern Mutual             

Northwestern Mutual was founded in 1857 and has been growing into one of the world’s biggest insurance Corporations in life insurance industries. Northwestern still became one of the most trusted Corporations in the life insurance industries with some good ratings from several financial institutions. As of 2023, Northwestern Mutual received AA+ from S&P Global, Aaa from Moody’s, AAA from Fitch Ratings, and A++ from A.M. Commonly, in the life insurance industry, Northwestern Mutual provides some insurance products including Term Life Insurance, Whole Life Insurance (Permanent), Universal Life Insurance (Permanent, Flexible), and Variable Universal Life Insurance.  

Financially, according to the annual report in 2024, Northwestern Mutual has total assets of USD 378 billion with total liabilities of USD 338 billion. Furthermore, based on business performance in 2024, Northwestern Mutual gained total revenue of USD 38.1 billion with net income of USD 0.56 billion. In addition, according to NAIC’s market share data report in 2024, Northwestern Mutual got USD 13,660,101,77 and still collected the biggest direct written premium than other insurance Corporations in the USA of 2024.

 

Official Social Media of Northwestern Mutual

 

Website: https://www.northwesternmutual.com/

Youtube: https://www.youtube.com/northwesternmutual

LinkedIn: https://www.linkedin.com/Corporation/northwestern-mutual/

 

2. New York Life Insurance         

New Life started its financial and insurance business in 1845. Along with business development, New York Life is still one of the biggest life insurance Corporations in the USA with total assets of around USD 231 billion. Operationally, New York Life still has a central office in the New York Life Building, New York, USA. Commonly, in the life insurance industry at USA’s market, New York Life Insurance provides some life insurance products including Term Life Insurance, Whole Life Insurance, Universal Life Insurance, and Variable Universal Life Insurance.

Financially, in 2024, according to the balance sheet of the annual report, total assets of New York Life Insurance reached USD 245 billion with total liabilities around USD 219 billion. Based on the business performance in 2024, the Corporation gained total revenue of USD 27 billion with net income around USD 0.47 billion. In addition, according to NAIC’s market share data report in 2024, New York Life Insurance gained a direct premium of USD 9,056,654,117 in life insurance in the USA.

 

Official Social Media of New York Life Insurance

Website: https://www.newyorklife.com/

Youtube: https://www.youtube.com/user/newyorklife

LinkedIn: https://www.linkedin.com/Corporation/newyorklife/

 

3. MassMutual 

The Massachusetts Mutual Life Insurance Corporation, known as MassMutual, is an insurance Corporation founded in 1851. Operationally, MassMutual still has a central office in Springfield, Massachusetts, USA. As an insurance Corporation, MassMutual has some financial ratings from several institutions including A++ from A.M. Best Corporation, AA+ from Fitch Ratings, Aa3 from Moody’s Investors Service, and AA+ from Standard & Poor’s.

Financially, according to the annual report in 2024, the total assets of MassMutual reached USD 355 billion with total liabilities of USD 327 billion. In terms of business performance, MassMutual successfully gained total revenue of around USD 34.2 billion but suffered net losses of around USD 0.255 billion. Specifically, in the life insurance industry in the USA, based on the direct premium, according to the NAIC report of 2024, MassMutual gained a direct premium of USD 8,708,335,898 in the USA’s life insurance market.

 

Official Social Media of MassMutual Life Insurance 

Website: https://www.massmutual.com/

Youtube: https://www.youtube.com/massmutual

LinkedIn: https://www.linkedin.com/Corporation/massmutual-financial-group/

 

4.Prudential Financial   

 

Prudential Financial, Inc. is an American insurance Corporation that was founded in 1875. Along with business development, Prudential Financial has served 50 million customers in over 50 countries in the United States, Asia, Europe, and Latin America. In the financial aspects of 2024 according to its annual report, total assets of Prudential Financial are around USD 735 billion with total liabilities of USD 707 billion. In terms of the business performance in 2024, Prudential Financial had total revenue of USD 70.4 billion and successfully gained net income of USD 2.7 billion. In addition, in the life insurance industry at the USA’s market, according to the NAIC report, Prudential Financial gained USD 7,988,680,543 direct written premium of life insurance in the United States of America (USA).

 

Official Social Media of Prudential Financial

Website: https://www.prudential.com/

Youtube: https://www.youtube.com/Prudential

LinkedIn: https://www.linkedin.com/Corporation/prudential-financial/    

 

5. Lincoln National Group

 

Lincoln National Corporation or Lincoln Financial Group is an Insurance and Asset Management Corporation that was founded in 1905 by Perry Randall. in the life insurance industry, Lincoln Financial has two products including Temporary Life and Permanent Life. Based on the financial ratings, Lincoln National got AM Best (A), Fitch (A+), Moody’s (A1), and S&P (A+).  In terms of financial conditions, Lincoln National Group has total assets of around USD 390.83 billion with total liabilities of around USD 382.56 billion. Based on business performance, Lincoln National successfully gained net income of around USD 3.184 billion. Furthermore, the data from the National Association of Insurance Commissioners (NAIC) in 2024 showed that Lincoln Financial gained USD 6,366,865,591 of direct written premium in the life insurance of the United States of America (USA).

 

Official Social Media of Lincoln National Group

Website: https://www.lincolnfinancial.com/

Youtube: https://www.youtube.com/@Lincoln_Financial

LinkedIn: https://www.linkedin.com/Corporation/lincolnfinancial/

 

6. State Farm Insurance    

State Farm Insurance is one of the largest life insurance Corporations based in Bloomington, Illinois, USA. Historically, George J. Mecherle initiated the foundation of the corporation in June 1922. George is a retired farmer who is widely regarded as one of the most powerful figures in the insurance business. With the development of its business, the State Farm employs over 57,000 people. In terms of financial ratings from Financial Intuition in USA, State Farm Insurance has financial ratings of A++ from A.M. Best®, Aa1 from Moody’s®, and AA from Standard & Poor’s. 

Financially, in the annual report of 2024, State Farm Insurance has total assets of around USD 239 billion in the year 2024. In terms of business performance in 2024, State Farm successfully gained total revenue of around USD 69 billion and net income of around USD 4.86 billion. Based on the Report of National Association of Insurance Commissioners (NAIC) in 2024, the State Farm Insurance gained a direct written premium of USD 5,890,587,762 in the life insurance industry of the USA.

 

Official Social Media of State Farm Insurance

Website: https://www.statefarm.com/

Youtube: https://www.youtube.com/@statefarm

LinkedIn: https://www.linkedin.com/Corporation/state_farm/

 

7.Dai-ichi Life Holdings             

The Dai-ichi Life Insurance Corporation, Limited or Dai-Ichi Seimei Hoken Kabushiki-kaisha (Japanese language) is one of the biggest insurance Corporations from Japan. It was founded on September 15, 1902, by Tsuneta Yano. As of 2023, Daichi has presented in 10 counties serving 13.8 million customers in Japan. Furthermore, this Corporation also has 59,495 people.

Financially, according to the balance sheet in the annual report of 2024, Dai-ichi Life has total assets around USD 446 billion with total liabilities around USD 420 billion. Based on the business performance in 2024, Dai-ichi Life collected total revenue around USD 72 billion with net income around USD 2.1 billion. In addition, in 2024, according to Market share data of life insurance industry at United States of America (USA) from NAIC, Dai-Ichi Life Holdings gained a direct written premium of around USD 5,518,766,081.

 

Official Social Media of Dai-Ichi Life Holdings

Website: https://www.dai-ichi-life-hd.com/en/

Youtube: https://www.youtube.com/@daiichilifekizuna/videos

LinkedIn: https://www.linkedin.com/Corporation/dai-ichi-life-hd/

 

8.Pacific Life Insurance             

Pacific life’s American Insurance Corporation that was founded in 1868 by Leland Stanford. Operationally, this Corporation still has a primary office in Newport Beach, California with a few employees, around 3.8 thousand. In the life insurance business, Pacific Life has some insurance products including Indexed Universal Life Insurance, Variable Universal Life Insurance, Universal Life Insurance, and Term Life Insurance. Financially, according to its annual report of 2024, Total Assets of Pacific Life insurance reached USD 238 billion with total liabilities of USD 228 billion. In terms of business performance of 2024, Pacific Corporation successfully gained total revenue of USD 15.8 billion with net income of USD 1.3 billion. In addition, according to a NAIC market share data report, Pacific Life Insurance gained a direct written premium of around USD 5,172,475,632 in the life insurance industry in the United States of America (USA).

 

Official Social Media of Pacific Life 

Website: https://www.pacificlife.com/home/individuals.html    

Youtube: https://www.youtube.com/@PacificLifeInsurance

LinkedIn: https://www.linkedin.com/Corporation/pacific-life/

 

9. John Hancock         

   

John Hancock Life Insurance Corporation is a Boston-based insurance Corporation that was established April 21, 1862 and still becomes the subsidiary Corporation of Manulife Financial. Empirically, the Corporation’s name was destined in honor of John Hancock, one of the prominent American Patriots. In the life insurance industry, this Corporation has two types of life insurance products, namely Term life insurance and Permanent life insurance. Financially, in the life insurance industry, John Hancock earned USD 4,947,733,649 according to the Report of National Association of Insurance Commissioners (NAIC) in the United States’ life insurance market.

 

Official Social Media of John Hancock

Website: https://www.johnhancock.com/index.html   

Youtube: https://www.youtube.com/@JohnHancockUSA

LinkedIn: https://www.linkedin.com/Corporation/john-hancock/

 

10. AEGON US Holding  

Aegon N.V. is an insurance Corporation that was founded in 1844. This Corporation still has a central office in Hague, Netherlands. Until the year 2023, Aegon has served 23.9 million customers globally. In 2024, based on the financial structure of the Corporation, Aegon has total assets around EUR 327 billion or equivalent to USD 362 billion with total liabilities around EUR 318 billion or equivalent to USD 352 billion. In terms of the business performance of 2024, the Corporation successfully gained revenue around EUR 9.8 billion or equivalent to USD 10.8 billion and successfully gained net income around EUR 0.67 billion or equivalent to USD 0.74 billion. Based on the report of the National Association of Insurance Commissioners (NAIC), geographically in USA’s market, AEGON gained a direct written premium around USD 4,734,593,132 in the life insurance industry.

 

Official Social Media of Aegon US Holding 

Website: https://www.aegon.com/

Youtube: https://www.youtube.com/@AegonNV

LinkedIn: https://www.linkedin.com/Corporation/aegon/

 

11.Guardian Life Insurance        

Guardian Life’s insurance and investment Corporation that was founded in 1860 by Hugo Wesendonck. Along with business development, Guardian has employed 8,000 people. Furthermore, Guardian still has a central office in New York. Based on its life insurance products, some life products of Guardian Life include Term life insurance, Whole Life Insurance, and Universal life insurance. In addition, financially, according to the annual report of 2024, total assets of Guardian Life reached USD 86.8 billion with total liabilities of USD 77.5 billion. In terms of business performance, Guardian Life gained total revenue of around USD 14.5 billion with a net income of USD 181 million. Specifically, In the life insurance market share data report of NAIC, Guardian Life Insurance gained a direct written premium of around USD 4,291,945,198 in the United States of America (USA).

 

Official Social Media of Guardian Life 

Website: https://www.guardianlife.com/

Youtube: https://www.youtube.com/c/guardianlife

LinkedIn: https://www.linkedin.com/Corporation/the-guardian-life-insurance-Corporation-of-america_164085/

 

12. Nationwide   

Nationwide Mutual Insurance Corporation is one of the biggest life insurance Corporations in the United States of America (USA). Historically, Nationwide was founded in the 1920s as Farm Bureau Mutual and later in 1955, the name was changed into Nationwide insurance. Operationally, this Corporation has headquartered in One Nationwide Plaza, Columbus, Ohio, U.S.A. Furthermore, Nationwide has some financial ratings from different financial institutions including A+ from AM Best, A1 from Moody’s, and A+ Standard & Poor’s.

Financially, according to the annual report of 2024, The Nationwide Mutual Insurance Corporation has total assets of around USD 322 billion. In terms of business performance of 2024, Nationwide Mutual Insurance Corporation successfully generated total revenue of USD 68.5 billion with total operating income of USD 3.2 billion. Based on the report of the National Association of Insurance Commissioners (NAIC), Nationwide gained a direct written premium around USD 3,914,279,909 in the life industry in the USA.

 

Official Social Media of Nationwide Mutual Insurance Corporation

Website: https://www.nationwide.co.uk/

Youtube: https://www.youtube.com/user/nationwidebsocietyuk

LinkedIn: https://www.linkedin.com/Corporation/nationwide-building-society/

 

13. American International Group          

American International Group, Inc., also known as AIG, is an American multinational insurance corporation. Historically, it was founded by Cornelius Vander Starr on December 19, 1919. Along with business development in 2024, in the labor force aspects, AIG had approximately 22,000 employees based in approximately 50 countries as of December 2024.

In the year of 2024, based on the financial structure on the balance sheet in the annual report of 2024, the American International Group (AIG) has total assets of around USD 161 billion with total liabilities of around USD 115 billion. In terms of business performance in 2024, AIG successfully gained total revenue around USD 27.2 billion but suffered net losses around USD 1.4 billion. In the year of 2024, according to the report of National Association of Insurance Commissioners (NAIC), the American International Group (AIG) gained a direct written premium of around USD 3,558,120,687 in the life insurance industry in the United States of America (USA).

 

Official Social Media of American International Group

Website: https://www.aig.com/home

Youtube: http://youtube.com/@AIGInsurance

LinkedIn: https://www.linkedin.com/Corporation/aig/

 

14. National Life Group 

National Life Group is an insurance Corporation that has a primary office in Montpelier, Vermont, United States. Historically, National Life was chartered in 1848 by the Vermont General Assembly. As of 2024 according to its annual report, National Life has total assets of USD 55.2 billion with total liabilities of USD 52 billion. In terms of business aspects, National Life successfully achieved total revenue of USD 4 billion with a net income of USD 573 million. In addition, National Life Group also has some financial ratings A+ from A.M. Best, A+ from Standard & Poor’s, A1 from Moody’s. According to NAIC’s data of 2024, National Life Group has USD 3,407,296,294 of direct written premium in the life insurance industry of the USA.

 

Official Social Media of National Life Group

Website: https://www.nationallife.com/

Youtube: https://www.youtube.com/@NationalLifeGroup

LinkedIn: https://www.linkedin.com/Corporation/national-life-group/

 

15.Penn Mutual             

Penn Mutual was an insurance and financial Corporation which was founded in 1847. Along with business development, as of 2024, Penn Mutual has 1.1 million of Clients which has been employing 3,300 of people. Financially, in the year of 2024, Penn Mutual Life Insurance has total assets of USD 48.1 billion with total liabilities of USD 43.8 billion. In terms of the business aspects, Penn Mutual successfully gained total revenue of USD 7.1 billion with a net income of USD 1.3 billion. Based on financial strength, Penn Mutual still got a financial rating, A+ from AM Best. Furthermore, in the year of 2024, according to NAIC’s market report, Penn Mutual also gained USD 3,222,675,779 of direct written premium in the life insurance industry in the USA's market.

 

Official Social Media of The Penn Mutual Life Insurance Corporation

Website: https://www.pennmutual.com/

Youtube: https://www.youtube.com/@PennMutualLife

LinkedIn: https://www.linkedin.com/Corporation/penn-mutual/

 

16. Primerica     

Primerica is a financial and insurance services Corporation. Along with business development, Primerica has 151,611 life insurance-licensed sales representatives as of December 31, 2024. Financially, according to an annual report in 2024, Primerica Insurance has total assets of USD 14.5 billion with total liabilities of USD 12.3 billion. In terms of the business aspects, Primerica Insurance successfully gained total revenue of USD 3 billion with a net income of USD 0.470 million. Furthermore, in the year of 2024, according to NAIC’s report, Primerica gained USD 3,088,708,486 of direct written premium of life insurance in the USA's market.

 

Official Social Media of Primerica

Website: https://www.primerica.com/

Youtube: https://www.youtube.com/@primerica

LinkedIn: https://www.linkedin.com/Corporation/primerica/

 

17. Mutual of Omaha    

Mutual of Omaha is an insurance and financial Corporation that has a central office in Omaha, Nebraska. Historically, this Corporation was founded in 1909. In the life insurance industry, Mutual of Omaha has some products including Term Life Insurance, Whole Life Insurance, Children’s Whole Life Insurance, Universal Life Insurance, and Accidental Death Insurance.

As of September 1st, 2023, Mutual of Omaha received financial ratings from several financial institutions, namely A+ from A.M. Best Corporation, A1 from Moody’s, A+ from S&P Global. Financially, according to the Annual Report of the Corporation in 2023, Mutual of Omaha has total assets of USD 55 billion. In the business aspects, Mutual of Omaha gained total revenue of around USD 14.6 billion. Furthermore, according to the report of NAIC in 2024 in the life insurance industry, Mutual of Omaha gained USD 2,851,624,883 of direct written premium in life insurance USA’s market.

 

Official Social Media of Mutual Of Omaha 

Website: https://www.mutualofomaha.com/

Youtube: https://www.youtube.com/@mutualofomaha

LinkedIn: https://www.linkedin.com/Corporation/mutual-of-omaha/

 

18. Equitable Holdings Inc Group

Equitable Holdings, Inc. is an American financial services and insurance Corporation that was founded in 1859 by Henry Baldwin Hyde. Along with business development, this Corporation has 12,400 employees and advisors with more than $750 billion of Assets Under Management (AUM). Financially, according to the annual report in 2023, Equitable Holding has total assets of USD 295 billion with total liabilities of USD 293 billion. In the business aspects, Equitable Holding Insurance successfully gained total revenue of USD 12.4 billion with a net income of USD 1.23 billion. Furthermore, in 2024, Equitable Holdings gained USD 2,783,849,167 of direct written premium in the life insurance industry according to NAIC’s market share data report in the United States of America (USA).

 

Official Social Media of Equitable Holdings

Website: https://ir.equitableholdings.com/investor-home/default.aspx

 

19. Globe Life Inc.          

Globe Life is an American Insurance Corporation which was incorporated in Delaware in 1979. Financially, in 2023 according to its annual report, Globe Life has total assets of USD 29 billion with total liabilities of USD 23.6 billion. In terms of the business aspects, Globe Life successfully gained total revenue of USD 5.7 billion with a net income of USD 1.0 billion. Furthermore, according to NAIC, Globe life gained a direct written premium of around USD 2,630,497,894 in life insurance at USA’s market.

 

Official Social Media of Globe Life Inc 

Website: https://home.globelifeinsurance.com/

Youtube: https://www.youtube.com/GlobeLifeInsurance

LinkedIn: https://www.linkedin.com/Corporation/globelife

 

20. Sammons Enterprises            

Sammons Enterprises is a diverse business Corporation founded in 1938 by Charles A. Sammons. Through Sammons Financial Group, Sammons has insurance business in the USA including life insurance business. Financially as of 2024, Sammons Enterprises has total assets around USD 143 billion with total revenue around USD 10 billion. According to a NAIC report about market share data in the life insurance industry, Sammons Enterprises gained a direct premium of around USD 2,140,427,492 in USA’s market.

 

Official Social Media of Sammons Enterprises 

Website: https://www.sammonsenterprises.com/

 

21. Securian Financial

Securian Financial is a financial services Corporation focused on life insurance, retirement solutions, annuities, and related financial services headquartered in St. Paul, Minnesota. Along with business development, Securian Financial has served More than 23 million Customers in North America and has more than 5,500 employees. Financially, in 2024, Securian Financial has total assets of around USD 74.2 billion and total liabilities of around USD 70 billion. In terms of business performance, Securian Financial successfully gained total revenue of around USD 8.2 billion and net income of around USD 0.283 billion. Furthermore, in 2024, in the life insurance industry in the United States of America (USA), Securian Financial gained a direct written premium of around USD 2,052,781,973.

 

 Official Social Media of Securian Financial Group

Website: https://www.securian.com/

Youtube: https://www.youtube.com/@SecurianFinancial

LinkedIn: https://www.linkedin.com/Corporation/securian-financial/

 

22.Principal Financial    

Based on its history, Principal founded in 1879 with headquarters in Des Moines, Iowa, U.S. Along with business development, Principal has employed around 18 thousand people. Financially, in the year 2024, Principal Financial has total assets of USD 313 billion with total liabilities of USD 302 billion. In terms of the business aspects, Principal Financial successfully gained revenue of USD 16.1 billion with a net income of USD 1.5 billion. Furthermore, Principal Financial gained a direct premium of USD 2,007,841,642 in the life insurance industry in the USA's market.

 

Official Social Media of Principal Financial Group

Website: https://www.principal.com/

Youtube: https://www.youtube.com/@PrincipalFinancial

LinkedIn: https://www.linkedin.com/Corporation/principalfinancialgroup/

 

23. Metropolitan Group

Metropolitan Life Insurance Corporation (MLIC), better known as MetLife, and its affiliates were founded in 1868. MetLife is among the largest global providers of insurance, annuities, and employees with a presence in more than 40 markets globally. Financially, in the year of 2024, Metlife has total assets of around USD 677 billion with total liabilities of around USD 649 billion. In terms of business performance in 2024, Metropolitan Life successfully gained total revenue of around USD 71 billion with net income of around USD 4.23 billion. Specifically, in the life insurance industry in USA’s market of 2024, Metropolitan Group successfully gained Direct Written Premium of around USD 1,980,718,304.

 

Official Social Media of Metropolitan Group

Website: https://www.metlife.com/

Youtube: https://www.youtube.com/@Metlife

LinkedIn: https://www.linkedin.com/Corporation/metlife/

 

24. Brighthouse Holdings

Brighthouse Holdings is an insurance Corporation based in Charlotte, North Carolina. In November 2025, Abu Dhabi-backed financial investor Aquarian Capital agreed to buy Brighthouse Financial with acquisition cost around USD 4.1 billion.  Financially, in the year 2024, total assets of Brighthouse Holdings has total assets of around USD 238 billion and total liabilities of around USD 233 billion. In terms of business performance in 2024, Brighthouse Holdings generated net income of around USD 286 million. Specifically, In the life insurance industry in the USA's market, Brighthouse Holdings collected a direct written premium of around USD 1,866,112,577.

 

25. West Southern Group

Western & Southern Financial Group is the Cincinnati, Ohio-based financial Corporation of a diversified group of financial services subsidiaries including insurance products and services. Financially, in the year 2023, Western & Southern Financial Group has total assets of around USD 75.1 billion. Furthermore, in the year of 2023, Western & Southern Financial Group successfully gained total revenue of around USD 7.2 billion and gained operating income of around USD 651 million.  Specifically, in the life insurance industry at the USA’s market, West Southern Group successfully gained Direct Written Premium of around USD 1,858,267,678.

 

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The Summary of 25 Largest Life Insurance Corporations in USA of 2024

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Bibliography of 25 Largest Life Insurance Corporations in USA

 

NAIC. 2024. Life/Fraternal Market Share report 2023. Accessed via https://content.naic.org/article/naic-releases-2023-market-share-data on October 19th, 2025.

 

New York Life Group. 2025. Annual Report 2024. Accessed via https://www.newyorklife.com/about/financial-information  on October 19th, 2025. 

 

Northwestern Mutual Group. 2025. Annual Report 2024. Accessed via https://www.northwesternmutual.com/2024-annual-report/  on October 19th, 2025. 

 

Metropolitan Group. 2025. Annual Report 2024. Accessed via https://metropolitanland.com/en/annual  on October 19th, 2025. 

 

Prudential. 2025. Annual Report 2024. Accessed via https://www.investor.prudential.com/overview/default.aspx   on October 12th, 2025. 

 

Mass Mutual Life Insurance Group. 2025. Annual Report 2024. Accessed via https://www.massmutual.com/about-us/massmutual-financial-summary  on October 10th, 2025. 

 

Lincoln National Group. 2025. Annual Report 2024. Accessed via https://www.lincolnfinancial.com/public/aboutus/investorrelations/financialinformation  on October 19th, 2025. 

 

Nationwide Corp Group. 2025. Annual Report 2024. Accessed via https://www.nationwide.com/cps/annual-report/index.html  on October 19th, 2025.

 

State Farm Group. 2025. Annual Report 2024. Accessed via https://www.statefarm.com/about-us/Corporation-overview/annual-reports  on October 19th, 2025. 

 

Aegon Us Holding Group. 2025. Annual Report 2024. Accessed via https://www.aegon.com/Investors/annual-reports  on October 19th, 2025. 

 

Minnesota Mutual Group. 2025. Annual Report 2024. Accessed via https://www.securian.com/about-us/financials-and-reports.html  on October 19th, 2025. 

 

Guardian Life Group. 2025. Annual Report 2024. Accessed via https://www.guardianlife.com/about-guardian/annual-report  on October 12th, 2025. 

 

John Hancock Group. 2025. Annual Report 2024. Accessed via https://www.johnhancock.com/about-us/newsroom/media-resources/key-reports.html  on October 19th, 2025. 

 

Pacific Life Group. 2025. Annual Report 2024. Accessed via https://www.pacificlife.com/home/investor-relations.html  on October 12th, 2025. 

 

Dai-Ichi Life Holdings Inc Group. 2025. Annual Report 2024. Accessed via https://www.dai-ichi-life-hd.com/en/investor/  on October 19th, 2025. 

 

American International Group. 2025. Annual Report 2024. Accessed via https://www.aig.com/home/investor-relations  on October 19th, 2025. 

 

Mutual of Omaha Group. 2025. Annual Report 2024. Accessed via https://www.mutualofomaha.com/about/financial-strength/investor-relations  on October 19th, 2025. 

 

Globe Life Inc Group. 2025. Annual Report 2024. Accessed via https://investors.globelifeinsurance.com/sec-filings  on October 19th, 2025. 

 

National Life Group. 2025. Annual Report 2024. Accessed via https://www.nationallife.com/ourstory-financials  on October 19th, 2025. 

 

Penn Mutual Group. 2025. Annual Report 2024. Accessed via https://www.pennmutual.com/about-us/financial-strength/financial-statements  on October 19th, 2025. 

 

Primerica Group. 2025. Annual Report 2024. Accessed via https://investors.primerica.com/  on October 19th, 2025. 

 

Equitable Holdings Inc Group. 2025. Annual Report 2024. Accessed via https://ir.equitableholdings.com/financial-information/sec-filings/default.aspx  on October 19th, 2025. 

 

Principal Financial Group. 2025. Annual Report 2024. Accessed via https://investors.principal.com/  on October 19th, 2025. 

 

 

 

 

 

 

 

 

 

 

 

 

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