by John Darer® CLU ChFC MSSC RSP CLTC
Structured settlement annuities continue to be written by the largest, most well capitalized and reserved insurance companies. Findings by A.M. Best suggest the current is no exception
MetLife Inc (3)., Prudential Financial,Inc (5) AIG (9) and Berkshire Hathaway Inc. (14) are 4 out of the World's 25 largest insurance companies, according to a new report by A.M. Best, based on 2013 non-banking assets.
5 out of the top 10 US insurance holding companies by size AND revenue, currently write structured settlement annuities through their subsidiaries
TOP US Insurance Holding Companies (2014)
By Size
1. Met Life Inc. $902B+
2. Prudential Financial, Inc. $766B+
3. Berkshire Hathaway, Inc. $526B+
4. AIG $515B+
10. Pacific Mutual $137B+
By Revenue
1. Berkshire Hathaway Inc. $194B+
4. MetLife Inc. $ 73.3B+
5. AIG $ 66.B+
7. Prudential Financial Inc. $ 56B +
9. Liberty Mutual $39.6B+
Source: Understanding the Insurance Industry, November 2015 by A.M. Best
Top Insurers by Capital and Surplus (2014)
P&C
1. Berkshire Hathaway Insurance Group (inlcudes Columbia Insurance Company, National Indemnity Company and other subsidiaries that underwrite, or guarantee, structured settlements
3. AIG
4. USAA
6. Liberty Mutual
(guarantor of Liberty Life Assurance Company of Boston)
Life
4. New York Life Insurance Company
6. Metropolitan Life Insurance Company
8. Prudential Insurance Company of America
10. AGC Life Insurance Company (guarantor of structured settlement written through AIG subsidiaries, American General Life Insurance Company and United States Life Insurance Company in the City of New York)