Life Insurance Company Rankings

What are life insurance company rankings?

It’s a list of the leading life insurance carriers using a measure of excellence which may include the most individual life insurance policies issued in a year, the highest financial strength rating, or total market capitalization, among other ranking criteria.


Top Life Insurance Company Rankings

The Top 10 Life Insurance Companies - Revenues, 2012

and Financial Strength Ratings by A.M. Best Company

 

  • Aflac – rated A+, Superior
  • MetLife – rated A+, Superior
  • Northwestern Mutual – rated A++, Superior
  • New York Life Insurance - rated A++, Superior
  • Manulife Financial Corp. - rated A+, Superior
  • Lincoln National Corp. - rated A+, Superior
  • Prudential Financial Inc. - rated A+,  Superior
  • Massachusetts Mutual Life Insurance Co. - rated A++, Superior
  • AEGON NV - rated A+, Superior
  • State Farm Mutual Automobile Insurance - rated A++, Superior

 

(Source – Fortune and www.iii.org - Insurance Information Institute)

  

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How are life insurance companies ranked?

There are several ways to rank life insurance carriers, including: 

  • Financial Strength Rating
  • Total Assets
  • Total Market Capitalization
  • Total Individual Life Insurance Policies Issued
  • Quality of Customer Service
  • Consumer Reviews
  • Customer Complaints
  • Number of Years in Business

 

What Companies Rank Life Insurance Carriers?

There are several independent financial rating agencies that issue financial strength ratings of insurance carriers.

 

Top Financial Rating Agencies for Life Insurance Companies:

  • AM Best Company
  • Standard & Poor’s
  • Dun and Bradstreet
  • Moody’s
  • Fitch

 

The rating agencies review the financial statements of the insurers and determine the financial stability of the insurer. A financial strength rating is an indication of the insurance company’s ability to meet their financial obligations, and pay their claims. 

The Following is a list of the best life insurance companies in the United States. Life insurance company ratings are based on qualitative and quantitative analysis of financial records and represent an opinion of financial strength and the company’s ability to meet their financial obligations to their life insurance policyholders.

Then best life insurance companies have the highest financial strength rating which is A++ (Superior) from A.M. Best Company, which is an independent financial analyst, and the leading insurance rating organization in America.

 

Top 10 Life Insurance Company Rankings 


Based on A.M. Best Company financial strength ratings.


1. New York Life Insurance Company     A++

Has the highest financial rating from all four of the top financial    rating agencies. They are the leading writer of individual life insurance in America.


2. Northwestern Mutual Life Insurance Company     A++

Northwestern Mutual is the largest direct provider of individual life insurance in the United States. According to Forbes magazine, it is one of the “World’s Most Admired” companies.


3. TIAA-CREF     A++

TIAA-CREF is one of only three insurance groups in America to hold the highest financial strength rating from all four major rating agencies.


4. USAA Life Insurance Company     A++

 

5. General Re Corporation     A++


6. Guardian Life Insurance Company of America     A++


7. MassMutual     A++

 

8. State Farm Life Insurance Company     A++

 

9. Thrivent Financial for Lutherans     A++

 

10. Knights of Columbus     A++

 

Top 10 Life Insurance Companies
in The USA 2014


Based on market capitalization in the billions as of 9/19/2014

 

  • Metlife                                $62.95
  • Prudential Financial               $42.85
  • Aflac                                   $26.46 
  • Principal Financial                  $16
  • Lincoln National                     $14.54
  • Voya Financial                       $9.80
  • Unum Group                         $9.19
  • Torchmark                            $6.99
  • Genworth Financial                 $6.55
  • Protective Life                       $5.48

 

Top 10 Life Insurance Companies
in the World  2014


Based on market capitalization in the billions as of 9/20/14

 

  • China Life Insurance               China                        $81.53
  • AIA Group                             Hong Kong                 $66.11
  • Metlife                                  USA                         $62.86
  • Ping An Insurance                   China                       $62.60
  • AXA SA                                 France                      $61.84
  • Prudential plc                         UK                           $59.62
  • Prudential Financial                 USA                         $42.75
  • Manulife Financial                   Canada                     $38.06
  • China Pacific Insurance            China                       $34.65
  • Assicurazioni  Generali            Italy                         $33.20



Financial Rating Definitions


Insurer Financial Strength Rating (IFSR)

An insurer financial rating is an indication of the life insurance company’s ability to meet their financial obligations and to pay their claims in a timely manner.

A.M. Best Company is the leading independent financial analyst firm in America for life insurance carriers.

A.M.Best ratings for financial strength of an insurance company vary from A++ (Superior) to S (Suspended). The financial ratings of “A++” and “A+” are assigned to those life insurance companies that in A.M. Best’s opinion have achieved superior overall performance when compared to the normal financial results of the life insurance industry and have shown a strong ability to meet their policyholder obligations.

Financial strength ratings of “B+” or higher are considered “Secure” by A.M. Best, while those ratings lower than “B+” may be considered vulnerable.

  

A.M. Best Financial Ratings Definitions

  • A++     Superior
  • A+       Superior
  • A          Excellent
  • A-         Excellent
  • B++     Very Good
  • B+       Good
  • B          Fair
  • B-        Fair
  • C++     Marginal
  • C+       Marginal
  • C          Weak
  • C-        Weak
  • D         Poor
  • E          Under State Supervision
  • F          In Liquidation
  • S          Rating Suspended


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