Insurance Statistics

Auto Insurance

The average cost of automobile insurance declined by 1.3 percent in 2005, according to a September 2007 report from the National Association of Insurance Commissioners (NAIC). New Jersey had the highest average expenditure ($1,184), followed by the District of Columbia ($1,182), New York ($1,122), Massachusetts ($1,113) and Louisiana ($1,076).

AVERAGE EXPENDITURES FOR AUTO INSURANCE, UNITED STATES, 1996-2005

Year	Average expenditure	Percent change	Year	Average expenditure	Percent change
1996	$691	3.4%	2001	$726	5.2%
1997	705	2.0	2002	781	7.6
1998	703	-0.3	2003	824	5.5
1999	685	-2.6	2004	840	1.9
2000	690	0.7	2005	829	-1.3
Source: © 2007 National Association of Insurance Commissioners.

 

Health Insurance

THE NATION'S HEALTH CARE DOLLAR: 2006 WHERE IT COMES FROM

Source: Centers for Medicare and Medicaid Services, Office of the Actuary, National Health Statistics Group.

 

Life Insurance

TOP TWENTY U.S. LIFE/HEALTH INSURANCE GROUPS BY REVENUES, 2007 ($ millions)

Rank	Group	Revenues	Assets
1	MetLife	$53,150	$558,562
2	Prudential Financial	34,401	485,814
3	New York Life Insurance	29,280	179,621
4	TIAA-CREF	27,526	420,315
5	Massachusetts Mutual Life Insurance	25,268	172,911
6	Northwestern Mutual	22,597	156,547
7	AFLAC	15,393	65,805
8	Genworth Financial	11,443	114,315
9	Principal Financial	10,907	154,520
10	Lincoln National	10,738	191,435
11	Unum Group	10,567	52,433
12	Guardian Life Ins. Co. of America	10,071	41,319
13	Thrivent Financial for Lutherans	6,133	57,412
14	Pacific Life	5,325	111,024
15	Western & Southern Financial Group	4,811	30,941
16	Conseco	4,572	33,515
17	Mutual of Omaha Insurance	4,337	17,746
18	CUNA Mutual Group	3,850	14,946
19	Torchmark	3,487	15,241
20	American National Insurance	3,071	18,465
(1) Revenues for insurance companies include premium and annuity income, investment income and capital gains or losses but exclude deposits. Source: Fortune.