10 Big Life and Annuity Issuers That Aren’t Public Companies
March 25, 2025 by Allison Bell
Stock prices rise, and stock prices fall — and some of the biggest life and annuity issuers in the United States are (partly) out of that game.
Some of the biggest issuers are mutual insurers, meaning that they’re controlled by some or all of the policyholders based on one set of rules, or fraternal benefit societies, meaning that they’re nonprofit entities that operate under another, similar set of rules.
Some of the other well-known issuers are public companies. Those companies are owned by ordinary investors and post financial statements based on the U.S. generally accepted accounting principles rules that the U.S. Securities and Exchange Commission uses.
Wink’s Moore on the Market: For those that are newbies, a stock held insurance company is owned by people that buy stock in the insurer.
A mutual insurance company is owned by the people that buy their insurance products; policyholders and contract holders.
Here is 10 Big Life and Annuity Issuers That Aren’t Public Companies, per Allison Bell at ThinkAdvisor:
10. State Farm Life Insurance Company
9. Thrivent Financial for Lutherans
8. Guardian Life Insurance Company of America
7. Nationwide Life and Annuity Insurance Company
6. Pacific Life Insurance Company
5. Nationwide Life Insurance Company
4. The New York Life Insurance Company
3. The New Your Life Insurance and Annuity Corp.
2. The Massachusetts Mutual Life Insurance Company
1. The Northwestern Mutual Life Insurance Company
-sjm
