Life Insurance --- Company Ratings

Posted on March 11th, 2010 by smith
  • Hi There ! Of the 100 biggest life insurance companies in America (by dollars, not by policies or members), which are considered to be "best"? I need a list of the Top 20 companies as determined by a third-party service, like A.M. Best, Moody's, Consumer Reports, etc. I'm not picky about the third party, as long as they have no vested interest in the ratings. I would assume companies like Mutual of Omaha, The Hartford, etc. might appear due to their financial stability and longstanding history. But the Top 20 list should not include Joe's Insurance, no matter how good the customer service. :-) A 5-star answer would be a list of these Top 20 "rock solid" companies. No extensive documentation needed. Just the names of the companies. Thanks! ron


  • Hello Ron, I obtained the following lists from the 2003 Financial Services Fact Book. TOP TWENTY U.S. LIFE/HEALTH INSURANCE GROUPS AND COMPANIES, BY REVENUES, 2002($ millions) 1 MetLife 2 Prudential Financial 3 New York Life Insurance 4 Mass. Mutual Life Ins. 5 TIAA-CREF 6 Northwestern Mutual 7 AFLAC 8 UnumProvident 9 John Hancock Financial Services 10 Principal Financial 11 Guardian Life of America 12 Conseco 13 Thrivent Financial for Lutherans 14 Lincoln National 15 Mutual of Omaha Ins. 16 Pacific LifeCorp 17 Jefferson-Pilot 18 Torchmark 19 Phoenix Companies 20 Unitrin Source: Fortune Financial Services Fact Book http://www.financialservicesfacts.org/financial2/insurance/llifehealth/toptencos/?table_sort_661580=2 TOP TEN U.S. LIFE REINSURERS, 2000 ($ millions) 1 Lincoln National Corp. 2 Metropolitan Life & Affiliated Cos. 3 Swiss Reinsurance Group 4 ING Group 5 Employers Re Group 6 Munich American Reassurance Group 7 CNA Insurance Group 8 CIGNA Group 9 Allianz Insurance Group 10 American United Life Group Source: A.M. Best Company, Inc Financial Services Fact Book http://www.financialservicesfacts.org/financial2/usworld/insurance/ Would these two lists be a satisfactory answer to your question? Thanks, Bobbie7


  • Hello again Ron, Thanks for accepting my comment as the official answer to your question. I will copy the information below: From the 2003 Financial Services Fact Book: TOP TWENTY U.S. LIFE/HEALTH INSURANCE GROUPS AND COMPANIES, BY REVENUES, 2002($ millions) 1 MetLife 2 Prudential Financial 3 New York Life Insurance 4 Mass. Mutual Life Ins. 5 TIAA-CREF 6 Northwestern Mutual 7 AFLAC 8 UnumProvident 9 John Hancock Financial Services 10 Principal Financial 11 Guardian Life of America 12 Conseco 13 Thrivent Financial for Lutherans 14 Lincoln National 15 Mutual of Omaha Ins. 16 Pacific LifeCorp 17 Jefferson-Pilot 18 Torchmark 19 Phoenix Companies 20 Unitrin Source: Fortune Financial Services Fact Book http://www.financialservicesfacts.org/financial2/insurance/llifehealth/toptencos/?table_sort_661580=2 ----------------------------------------------- TOP TEN U.S. LIFE REINSURERS, 2000 ($ millions) 1 Lincoln National Corp. 2 Metropolitan Life & Affiliated Cos. 3 Swiss Reinsurance Group 4 ING Group 5 Employers Re Group 6 Munich American Reassurance Group 7 CNA Insurance Group 8 CIGNA Group 9 Allianz Insurance Group 10 American United Life Group (1) Ranked by reinsurance assumed. Source: A.M. Best Company, Inc Financial Services Fact Book http://www.financialservicesfacts.org/financial2/usworld/insurance/ ----------------------------------------------------------- Perhaps The Fitch Insurance Company Ratings Summary would interest you as well: “The "Fitch Insurance Company Ratings Summary" allows you to easily search for Fitch Insurer Financial Strength ratings on a broad range of insurance companies in both the United States and overseas.” http://info.insure.com/ratings/fitch/index.cfm This is the information I entered: Market Sector Type: Life/Health Insurers Doing business in: United States Rated: AAA Sort By: Rating Descending Order Results per page: 25 Press: Go There were 20 results for All Life/Health Insurers doing business in United States, with an AAA rating, sorted by rating descending order: AIG Life Insurance Company AIG SunAmerica National Life Assurance Company Alexander Hamilton Life Insurance Co. American International Life Assurance Co. of New York American Life Insurance Company C.M. Life Insurance Company Credit Reinsurance Company First Alexander Hamilton Life Insurance Co. First North American Life Assurance Company Massachusetts Mutual Life Insurance Company (MA) MML Bay State Life Insurance Co. New York Life Insurance & Annuity Corporation New York Life Insurance Company Northwestern Long Term Care Insurance Company Northwestern Mutual Life Insurance Company State Farm Life & Accident Assurance Company State Farm Life Insurance Company SunAmerica Life Insurance Co. Teachers Insurance & Annuity Association TIAA-CREF Life Insurance Company http://info.insure.com/ratings/fitch/index.cfm Search Criteria: “Life insurance company ratings” “Top * life insurance companies” You’re correct - I do serve a lot of food when we have family celebrations. :) Best regards, Bobbie7


  • More than enough, bobby7! Please post. Thanks. ron P.S. I bet you serve a lot of food at Thanksgiving...heh heh heh


  • Terrific---thanks! ron







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