US Life and Non-life Insurance Industry Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The report covers US Life and Non-life Insurance Market Share & Growth. The market is segmented by Insurance Type (Life Insurance and Non-life Insurance) and Distribution Channel (Direct, Agency, Banks, and Other Distribution Channels).

US Life and Non-life Insurance Industry Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

US Life and Non-life Insurance Market Size

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USA Life & Non-Life Insurance Market Summary
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 2.16 Trillion
Market Size (2030) USD 3.02 Trillion
CAGR (2025 - 2030) 6.95 %
Market Concentration Low

Major Players

USA Life & Non-Life Insurance Market Major Players

*Disclaimer: Major Players sorted in no particular order

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US Life and Non-life Insurance Market Analysis

The USA Life & Non-Life Insurance Market size in terms of net written premiums value is expected to grow from USD 2.16 trillion in 2025 to USD 3.02 trillion by 2030, at a CAGR of 6.95% during the forecast period (2025-2030).

The effects of COVID on the economy are becoming more apparent every day, and given the current circumstances, it is challenging to fully comprehend all of the effects. The industries it supports have an impact on insurance as well, thus industrial production, healthcare indices, and employment indices will also have an effect on the likelihood of its recovery and expansion.

Lower catastrophic risks improved commercial and personal car markets, and improved underwriting discipline have all contributed to rate rises over the past several years. Additionally, these elements have contributed to the US property and casualty insurance industry's outstanding underwriting success. Due to an increase in net losses and LAE (loss adjustment expenses) that was more than the increase in net received premiums, the sector had an underwriting benefit of USD 6.5 billion, which is significantly less than the gain of USD 7 billion in the same period the previous year. The benefit of underwriting resulted in a net profit of USD 34.8 billion when combined with successful investment outcomes.

US Life and Non-life Insurance Industry Overview

The report covers the major players operating in the life and non-life insurance market in the United States. The market is fragmented, and it is expected to grow during the forecast period, due to adoption of insurtech is increasing in the sector, along with several merger and acquisition activities and other factors.

US Life and Non-life Insurance Market Leaders

  1. Massachusetts Mutual Life Insurance Company

  2. UnitedHealth Group Incorporated

  3. Berkshire Hathaway Inc.

  4. Cigna Corporation

  5. Metlife Inc.

  6. *Disclaimer: Major Players sorted in no particular order
Massachusetts Mutual Life Insurance Company, UnitedHealth Group Incorporated,  Berkshire Hathaway Inc., Cigna Corporation, Metlife Inc., Prudential Financial Inc.
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US Life and Non-life Insurance Market News

  • In 2022, With a USD100 million investment in health worker diversity, United Health Group advanced health equity and fulfilling its objectives to increase access to care, make it more affordable, and produce better health outcomes.
  • In 2021, Cigna introduced its Cigna ID card which clients can access from anywhere at any time. By which clients can find in-network doctors, care, and cost estimates.

US Life and Non-life Insurance Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS AND DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
  • 4.3 Market Restraints
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Threat of New Entrants
    • 4.4.2 Bargaining Power of Buyers/Consumers
    • 4.4.3 Bargaining Power of Suppliers
    • 4.4.4 Threat of Substitute Products
    • 4.4.5 Intensity of Competitive Rivalry
  • 4.5 Insights on Various Regulatory Trends Shaping the Market
  • 4.6 Insights on Impact of Technology in the Market
  • 4.7 Impact of COVID-19 on the Market

5. MARKET SEGMENTATION

  • 5.1 By Insurance type
    • 5.1.1 Life Insurance
    • 5.1.1.1 Individual
    • 5.1.1.2 Group
    • 5.1.2 Non-life Insurance
    • 5.1.2.1 Home
    • 5.1.2.2 Motor
    • 5.1.2.3 Other Non-life Insurances
  • 5.2 By Distribution Channel
    • 5.2.1 Direct
    • 5.2.2 Agency
    • 5.2.3 Banks
    • 5.2.4 Other Distribution Channels

6. COMPETITIVE LANDSCAPE

  • 6.1 Market Concentration Overview
  • 6.2 Company Profiles
    • 6.2.1 Massachusetts Mutual Life Insurance Company
    • 6.2.2 UnitedHealth Group Incorporated
    • 6.2.3 Berkshire Hathaway Inc.
    • 6.2.4 Cigna Corporation
    • 6.2.5 Metlife Inc.
    • 6.2.6 Prudential Financial Inc.
    • 6.2.7 Aetna Inc.
    • 6.2.8 Centene Corporation
    • 6.2.9 American International Group Inc.
    • 6.2.10 State Farm*
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

8. DISCLAIMER AND ABOUT US

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US Life and Non-life Insurance Industry Segmentation

The report aims to provide a detailed analysis of the life and non-life insurance market in the United States. It focuses on the market dynamics, emerging trends in the segments and regional markets, and insights on various product and application types. Additionally, it analyses the key players and the competitive landscape in the market studied. The Life and Non-life Insurance Market in United States is segmented by Insurance Type (Life Insurance and Non-life Insurance) and Distribution Channel (Direct, Agency, Banks, and Other Distribution Channels).

By Insurance type Life Insurance Individual
Group
Non-life Insurance Home
Motor
Other Non-life Insurances
By Distribution Channel Direct
Agency
Banks
Other Distribution Channels
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US Life and Non-life Insurance Market Research FAQs

How big is the USA Life & Non-Life Insurance Market?

The USA Life & Non-Life Insurance Market size is expected to reach USD 2.16 trillion in 2025 and grow at a CAGR of 6.95% to reach USD 3.02 trillion by 2030.

What is the current USA Life & Non-Life Insurance Market size?

In 2025, the USA Life & Non-Life Insurance Market size is expected to reach USD 2.16 trillion.

Who are the key players in USA Life & Non-Life Insurance Market?

Massachusetts Mutual Life Insurance Company, UnitedHealth Group Incorporated, Berkshire Hathaway Inc., Cigna Corporation and Metlife Inc. are the major companies operating in the USA Life & Non-Life Insurance Market.

What years does this USA Life & Non-Life Insurance Market cover, and what was the market size in 2024?

In 2024, the USA Life & Non-Life Insurance Market size was estimated at USD 2.01 trillion. The report covers the USA Life & Non-Life Insurance Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the USA Life & Non-Life Insurance Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

USA Life and Non-life Insurance Industry Report

Statistics for the 2025 USA Life & Non-Life Insurance market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. USA Life & Non-Life Insurance analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.