The top 10 large-group voluntary insurance carriers in the U.S.
March 24, 2015 12:01 PM
A note on the following numbers
Premiums listed for the following insurance companies are based on Form 5500 Schedule A data for large-group business submitted to the Department of Labor. As such, groups under 100 lives, government entities and church plans are not required to file. Any disclosure on Schedule C's are also not contemplated in these numbers.
10) Reliance Standard
Total market share: 3.82%
In-force voluntary premium: $7,887,499
In-force voluntary premium: $7,887,499
9) Prudential
Total market share: 5.10%
In-force voluntary premium: $10,525,006
In-force voluntary premium: $10,525,006
8) Mutual of Omaha
Total market share: 6.35%
In-force voluntary premium: $13,104,848
In-force voluntary premium: $13,104,848
7) Cigna
Total market share: 7.30%
In-force voluntary premium: $15,057,140
In-force voluntary premium: $15,057,140
6) Lincoln Financial Group
Total market share: 9.29%
In-force voluntary premium: $19,169,619
In-force voluntary premium: $19,169,619
5) Colonial Life
Total market share: 10.53%
In-force voluntary premium: $21,735,643
In-force voluntary premium: $21,735,643
4) Unum
Total market share: 12.31%
In-force voluntary premium: $25,401,804
In-force voluntary premium: $25,401,804
3) Minnesota Life
Total market share: 12.71%
In-force voluntary premium: $26,222,393
In-force voluntary premium: $26,222,393
2) United American Insurance Company
Total market share: 15.07%
In-force voluntary premium: $31,102,812
In-force voluntary premium: $31,102,812
1) Aflac
Total market share: 17.53%
In-force voluntary premium: $36,186,030
In-force voluntary premium: $36,186,030
