United States Insurance Report Q3 2012

NEW YORK, May 28, 2012 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

http://www.reportlinker.com/p0203631/United-States-Insurance-Report-Q3-2012.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Insurance

Includes 3 FREE quarterly updates

The United States Insurance Report considers the prospects for both life and non-life (property & casualty and health) insurers. What both segments have in common is that the major companies have been able to leverage a combination of strengths to remain profitable – and, in many cases – to grow quite rapidly in 2011: this has been face of enormous challenges.

The report identifies the major trends and themes in both the life and the non-life segments. It incorporates BMI's latest economic forecasts and projections for relevant aspects of the US economy, such as spending on healthcare and registrations of automobiles. Crucially, the report places the US insurance sector in the context of all the other national markets that are surveyed by BMI.

The published results of the major life insurance companies confirm that they are major beneficiaries of the ongoing growth of organised savings in the United States, with growth in premiums written the norm.

Some of the leading companies have posted double-digit growth in sales last year. Many have maintained levels of profitability (and, in the case of mutuals, increased dividend payments to policyholders) in spite of the low interest rate environment and periodic volatility in financial markets through H211. Although the level of profitability of the property & casualty companies has fallen to multi-year lows, the latest data, published in mid-April 2012 shows that the segment performed well in a year marked by low interest rates. The non-life insurance companies also had to contend with net losses and loss adjustment expenses (LLAE) in excess of US$35bn last year.

Relative to its peers in other developed countries, the US insurance sector continues to appear prospective in terms of its Risk/Reward Ratings. BMI envisages substantial growth in absolute terms through the forecast period, even if this is driven mainly by a rise in nominal GDP. The high levels of non-life penetration and life density indicate that both segments play a central role in risk management by households and businesses: the overwhelming majority of the organised savings solutions in the country are provided by life insurance companies, affiliates, or commercial partners. We would also emphasise that the overall sector has been strengthened by a regulatory regime that, overall, is very efficient and by the innovation of the insurance companies themselves.

Over the last quarter, BMI has made the following changes: - The detailed assessment of the performance of the entire property & casualty segment through 2011, published by the Property Casualty Insurers Association (PCI), has been incorporated into the discussion of trends and developments in the non-life segment.

- The assessment of developments in the life segment now incorporates the extensive comments on conditions and trends published by the major companies (both listed and mutual) in their reports on 2011 and Q411.

- Projections include the latest wave of data which points to broad-based growth across much of the US economy.

Executive Summary .... 5Table: Total Premiums, 2008-2016 5Key Insights On The US Insurance Sector . 5SWOT Analysis .... 7US Insurance Industry SWOT . 7US Political SWOT ... 8US Economic SWOT . 9US Business Environment SWOT ... 9Life Sector ... 10Developed States Life Sector Overview .... 10Table: Developed States Life Premiums, 2008-2016 (US$mn) ..... 10US Life Sector Update ... 11Table: Breakdown Of Life/Health Insurance By Major Lines – Direct Written Premiums, 2010 (US$mn).. 14Life Industry Forecast Scenario . 15Table: Life Premiums, 2008-2016 15Growth Drivers And Risk Management Projections ..... 15Population 15Table: Insurance Key Drivers, Demographics, 2008-2016 .... 16Non-Life Sector .. 17Developed States Non-Life Sector Overview ... 17Table: Developed States Non-Life Premiums, 2008-2016 (US$mn) ..... 17US Non-Life Sector Update ... 19Table: Direct Premiums Written, 2010 (US$bn) ...... 21Non-Life Industry Forecast Scenario .. 22Table: US Total Non-Life Premiums 2008-2016 ...... 23Growth Drivers And Risk Management Projections ..... 23Macroeconomic Outlook 23Table: GDP By Expenditure, Real Growth, 2008-2016 .. 27Political Stability Outlook ..... 27Table: Developed States Security Risk Ratings (scores out of 100, with 100 the best) ..... 31Healthcare 31Epidemiology ... 33Table: Insurance Key Drivers, Disability-Adjusted Life Years, 2009-2016. 34Motor . 36Table: Insurance Key Drivers, Autos Sales, 2009-2016 .. 37Insurance Risk/Reward Ratings ... 38Table: The US' Insurance Risk/Reward Ratings ...... 38Table: Developed States Insurance Risk/Reward Ratings ...... 39Competitive Landscape .. 41Major Players In The US Insurance Sector 42Life Segment..... 43Table: Top 10 Life/Health Companies, 2009 .... 44Table: Top 10 Health Insurance Companies, 2009 .. 44Table: Top 10 Companies By Direct Written Premiums Market Share, 2009 (%) .... 45Non-Life Segment .... 46Table: Top 10 Non-Life (Property/Casualty) Companies, 2009 .... 47Table: Top 10 Reinsurers Of Property/Casualty Risks – US Business, 2009 ..... 48Table: US Top 10 Providers Of Passenger Auto Insurance ... 48Company Profiles ..... 49Local Company Profiles ...... 49Aetna Group..... 49American Family Insurance Group ..... 49Allstate ...... 50Berkshire Hathaway 51The Hartford .... 52John Hancock .. 53Liberty Mutual . 54Lincoln Financial Group ...... 54MassMutual ..... 55Nationwide 56New York Life .. 57United Health Group ..... 57WellPoint .. 58Regional Company Profiles 59ACE Group ...... 59Allianz 59AXA .... 60ING .... 61MetLife ...... 61Principal Financial . 62Prudential Financial ...... 63State Farm 64Travelers Group ...... 65USAA Group .... 66Zurich America 66BMI Methodology ...... 67Insurance Risk/Reward Ratings ... 68Table: Insurance Business Environment Indicators And Rationale ..... 69Table: Weighting Of Indicators.... 70

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