Top group disability writers.The top 10 carriers controlled about 80% of the in-force group long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. disability insurance premium and about 76% of the in-force group short-term Short-term Any investments with a maturity of one year or less. short-term 1. Of or relating to a gain or loss on the value of an asset that has been held less than a specified period of time. disability premium in 2003. New sales for the top 10 carriers in 2003 dropped to about 75% of the market for both short- and long-term disability, meaning other players are gaining market share.
Group Short-Term-
Disability In-Force Premium
($ Millions)
2003 Market
Company Premium Share
UnumProvident $640.0 24.1%
Hartford Life 302.7 11.4
MetLife 219.6 8.3
Standard 163.9 6.2
Prudential 159.1 6.0
CNA 152.5 5.7
Guardian Life 118.6 4.5
Jefferson Pilot Financial 100.4 3.8
Cigna 79.7 3.0
Assurant Employee Benefits 72.0 2.7
Aetna 71.3 2.7
Reliance Standard 66.8 2.5
Liberty Mutual 64.1 2.4
Principal Financial Group 58.8 2.2
GE Employer Services Group 47.9 1.8
Medical Life 43.8 1.6
Sun Life (U.S.) 41.4 1.6
Canada Life 38.0 1.4
AIG American General 29.1 1.1
American United Life 26.8 1.0
Mutual of Omaha 24.7 0.9
ING Employee Benefits 21.1 0.8
Highmark Life 19.0 0.7
Fort Dearborn Life 18.2 0.7
Anthem Life 16.8 0.6
Northwestern Mutual Life 11.6 0.4
United Wisconsin Group 11.6 0.4
Companion Life 8.0 0.3
Allstate Workplace Division 6.2 0.2
Harleysville Life 5.4 0.2
Educators Mutual 5.3 0.2
Florida Combined Life 5.0 0.2
Lafayette Life 2.7 0.1
Cuna Mutual 2.5 0.1
Pan American Life 1.6 0.1
Commercial Travelers 1.6 0.1
Nippon Life 0.4 0.0
TOTAL $2,658.0
Group Short-Term-
Disability Sales Premium
($ Millions)
UnumProvident $118.8 19.5%
Hartford Life 74.7 12.2
CNA 44.2 7.2
Standard 41.1 6.7
MetLife 39.0 6.4
Jefferson Pilot Financial 36.7 6.0
Guardian Life 30.4 5.0
Prudential 25.6 4.2
Reliance Standard 24.6 4.0
Aetna 20.6 3.4
Cigna 17.7 2.9
Canada Life 16.4 2.7
GE Employer Services Group 15.0 2.5
Sun Life (U.S.) 14.3 2.3
Principal Financial Group 12.9 2.1
AIG American General 11.7 1.9
ING Employee Benefits 8.8 1.4
Highmark Life 8.7 1.4
Assurant Employee Benefits 8.6 1.4
American United Life 7.5 1.2
Mutual of Omaha 7.3 1.2
Medical Life 6.6 1.1
Anthem Life 4.8 0.8
Fort Dearborn Life 3.1 0.5
Northwestern Mutual Life 1.8 0.3
Companion Life 1.4 0.2
Liberty Mutual 1.3 0.2
Educators Mutual 1.3 0.2
Pan American Life 1.2 0.2
Allstate Workplace Division 1.1 0.2
United Wisconsin Group 0.9 0.1
Florida Combined Life 0.7 0.1
Lafayette Life 0.6 0.1
Commercial Travelers 0.5 0.1
Harleysville Life 0.5 0.1
Cuna Mutual 0.2 0.0
Nippon Life 0.0 0.0
TOTAL $611.0
Group Long-Term-
Disability In-Force Premium
($ Millions)
UnumProvident $2,027.0 27.5%
MetLife 728.3 9.9
Hartford Life 648.3 8.8
Standard 550.6 7.5
Cigna 495.2 6.7
Prudential 400.8 5.4
CNA 383.1 5.2
Assurant Employee Benefits 257.3 3.5
Reliance Standard 216.9 2.9
Aetna 196.8 2.7
Liberty Mutual 194.5 2.6
Jefferson Pilot Financial 189.8 2.6
Guardian Life 153.8 2.1
Sun Life (U.S.) 125.6 1.7
AIG American General 107.6 1.5
Principal Financial Group 105.7 1.4
Northwestern Mutual Life 88.2 1.2
Highmark Life 84.5 1.1
Canada Life 82.1 1.1
GE Employer Services Group 75.7 1.0
Mutual of Omaha 53.0 0.7
ING Employee Benefits 49.2 0.7
American United Life 48.3 0.7
Fort Dearborn Life 21.0 0.3
Lafayette Life 17.1 0.2
Cuna Mutual 16.0 0.2
Medical Life 12.7 0.2
United Wisconsin Group 11.7 0.2
Anthem Life 9.0 0.1
Harleysville Life 8.1 0.1
Companion Life 7.4 0.1
Florida Combined Life 5.9 0.1
Educators Mutual 4.0 0.1
Allstate Workplace Division 2.9 0.0
Nippon Life 2.1 0.0
Commercial Travelers 1.6 0.0
Pan American Life 0.2 0.0
TOTAL $7,382.0
Group Long-Term-
Disability Sales Premium
($ Millions)
UnumProvident $279.8 21.6%
Hartford Life 131.2 10.1
MetLife 104.1 8.1
Cigna 85.1 6.6
Standard 69.9 5.4
Prudential 66.7 5.2
CNA 65.3 5.0
Reliance Standard 60.4 4.7
Jefferson Pilot Financial 54.1 4.2
Aetna 50.1 3.9
Highmark Life 45.3 3.5
AIG American General 34.7 2.7
Guardian Life 32.8 2.5
Sun Life (U.S.) 32.0 2.5
Principal Financial Group 28.7 2.2
Liberty Mutual 28.7 2.2
Assurant Employee Benefits 23.5 1.8
Canada Life 21.8 1.7
GE Employer Services Group 17.4 1.3
American United Life 10.6 0.8
Lafayette Life 10.4 0.8
Mutual of Omaha 9.7 0.7
ING Employee Benefits 8.7 0.7
Northwestern Mutual Life 8.2 0.6
Anthem Life 3.3 0.3
Fort Dearborn Life 3.0 0.2
Medical Life 2.1 0.2
Harleysville Life 1.1 0.1
Florida Combined Life 0.9 0.1
Allstate Workplace Division 0.8 0.1
Companion Life 0.6 0.0
Commercial Travelers 0.5 0.0
Educators Mutual 0.5 0.0
United Wisconsin Group 0.5 0.0
Cuna Mutual 0.3 0.0
Nippon Life 0.1 0.0
Pan American Life 0.1 0.0
TOTAL $1,293.0
Source: 2003 JHA Group Disability Market Survey
|
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion