Leading U.S. mutual life insurers by revenue

The statistic displays the leading mutual life and health insurance companies in the United States in 2020, by revenue. New York Life Insurance company was ranked first, with revenues of approximately 46.7 billion U.S. dollars.

Leading mutual life and health insurance companies in the United States in 2020, by revenue (in billion U.S. dollars)

Characteristic	Revenue in billion U.S. dollars
New York Life Insurance	46.71
TIAA	41.62
Northwestern Mutual	33.78
Massachusetts Mutual Life Insurance	23.66
Guardian Life Ins. Co. of America	13.56
Thrivent Financial for Lutherans	8.15
Western & Southern Financial Group	8.06
Medical Mutual of Ohio	3.52
Knights of Columbus	2.35

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Release date

June 2021

More information

Region

United States

Survey time period

April 2020 to March 2021

Supplementary notes

The source adds the following information ":Included in the survey are companies that are incorporated in the U.S. and operate in the U.S. and file financial statements with a government agency. This includes private companies and cooperatives that file a 10-K or a comparable financial statement with a government agency, and mutual insurance companies that file with state regulators. It also includes companies that file with a government agency but are owned by private companies, domestic or foreign, that do not file such financial statements. Excluded are private companies not filing with a government agency; companies incorporated outside the U.S.; and U.S. companies consolidated by other companies, domestic or foreign, that file with a government agency."
Revenues for insurance companies include premium and annuity income, investment income, and capital gains or losses, but exclude deposits.

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