© 2024 Arizent. All rights reserved.
Annuities

20 insurers with the largest annuity market share

By Digital Insurance Staff
July 2, 2024 5:30 AM
Complimentary Access Pill
Enjoy complimentary access to top ideas and insights — selected by our editors.

The top five insurance companies in the ranking have an average annuity market share of 5.82% as of December 31, 2023.

The combined direct premiums written by the top five were more than $145 billion.

Scroll through to see which insurance companies are in the top 20 and how they fared through the end of December 2023.

Source: National Association of Insurance Commissioners

Digital Insurance_20 insurers with the largest annuity market share__20.jpg
Sammons Enterprises ranked 20th with a market share of 1.86%.
Digital Insurance_20 insurers with the largest annuity market share__19.jpg
MetLife ranked 19th with a market share of 1.88%.
Digital Insurance_20 insurers with the largest annuity market share__18.jpg
Brighthouse Financial ranked 18th with a market share of 2.09%.
Digital Insurance_20 insurers with the largest annuity market share__17.jpg
Global Atlantic ranked 17th with a market share of 2.22%.
Digital Insurance_20 insurers with the largest annuity market share__16.jpg
Fidelity ranked 16th with a market share of 2.36%.
Digital Insurance_20 insurers with the largest annuity market share__15.jpg
Pacific Life ranked 15th with a market share of 2.57%.
Digital Insurance_20 insurers with the largest annuity market share__14.jpg
Jackson ranked 14th with a market share of 2.59%.
Digital Insurance_20 insurers with the largest annuity market share__13.jpg
Aegon ranked 13th with a market share of 2.61%.
Digital Insurance_20 insurers with the largest annuity market share__12.jpg
Voya ranked 12th with a market share of 2.67%.
Digital Insurance_20 insurers with the largest annuity market share__11.jpg
John Hancock ranked 11th with a market share of 3.35%.
Digital Insurance_20 insurers with the largest annuity market share__10.jpg
TIAA ranked 10th with a market share of 3.45%.
Digital Insurance_20 insurers with the largest annuity market share__9.jpg
Allianz tied for 8th with a market share of 3.60%.
Digital Insurance_20 insurers with the largest annuity market share__8.jpg
New York Life tied for 8th with a market share of 3.60%.
Digital Insurance_20 insurers with the largest annuity market share__7.jpg
Lincolcn Financial ranked 7th with a market share of 3.71%.
Digital Insurance_20 insurers with the largest annuity market share__6.jpg
Equitable ranked 6th with a market share of 3.74%.
Digital Insurance_20 insurers with the largest annuity market share__5.jpg
Nationwide ranked 5th with a market share of 4.18%.
Digital Insurance_20 insurers with the largest annuity market share__4.jpg
Prudential ranked 4th with a market share of 4.45%.
Digital Insurance_20 insurers with the largest annuity market share__3.jpg
AIG ranked 3rd with a market share of 4.79%.
Digital Insurance_20 insurers with the largest annuity market share__2.jpg
MassMutual ranked 2nd with a market share of 6.36%.
Digital Insurance_20 insurers with the largest annuity market share__.jpg
Apollo ranked 1st with a market share of 9.32%.
Digital Insurance Staff
Annuities Insurance Buying Insurance