Insurance Premium Volume in U.S. Grows 4 Percent in 2016
August 15, 2017 by Cyril Tuohy
Overall insurance industry premiums in all lines rose 4 percent to $2.2 trillion in 2016 over 2015, the National Association of Insurance Commissioners reported.
Of the $2.2 trillion in premiums, $914 billion went to health, $665 billion to life and annuity, $576 billion to property-casualty, $13 billion to title insurance, $2.5 billion to risk retention groups and $7.3 billion to other types of premium, the NAIC said.
In the life and annuities segment, California reported the most premium ($69 billion), followed by New York ($66 billion), Delaware ($57 billion), Pennsylvania ($39 billion) and Texas ($34 billion), the NAIC reported in its 2016 Insurance Department Resources Report (IDRR), an annual compendium of industry resources and statistics.
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