Insurance in the US
According to Swiss Re Sigma report, United States held 26.88% of the world insurance market share in 2010, the second largest contributor besides Europe. In 2010, the total direct premiums written in the US is USD$1,166 billion, an increase of USD$16 billion or 1.39% compares to USD$1,150 billion total gross written premiums in 2009.
Life insurance premiums written stood at USD$506 billion in 2010, an increase of USD$4 billion or 0.8% compares to USD$502 billion in 2009.
Whereas non-life insurance premiums written stood at USD$660 billion in 2010, an increase of USD$12 billion or 1.85% compares to USD$648 billion in 2009.
On a per capita basis, an average of USD$3,758.9 was spent on insurance in the US(insurance density). Whereas insurance penetration(a commonly recognised indicator of insurance activity) in the US is 8%(total gross written premiums as a percentage of GDP).

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According to SNL Financial LC, the U.S. insurance industry’s net premiums written totaled USD$1,007 billion in 2010, an increased of USD$75 billion or 8% compares to USD$932 billion in 2009. Life/health (L/H) insurance consists primarily of annuities and life insurance, accounted for 58% of premiums written, totaled USD$581 billion in 2010, an increased of USD$72 billion or 14% compares to USD$509 billion in 2009. Property/casualty (P/C) insurance primarily of auto, home and commercial insurance; accounted for 42% of premiums written, totaled USD$426 billion in 2010, a marginal increased of USD$3 billion or 0.7% compares to USD$423 billion in 2009.
As per National Association of Insurance Commissioners (NAIC), there were 2,689 P/C companies(2,737 in 2009) and 1,061 L/H companies in 2010(1,106 in 2009) in the United States in 2010. In the P/C sector, Texas has the highest number with 225 P/C companies, followed by New York(197), Illinois(193), Pennsylvania(189) and Wisconsin(180). In the L/H sector, Arizona has the highest number with 190 L/H companies, followed by Texas(136), Texas(136), New York(81), Illinois(58) and Louisiana(45).
The U.S. insurance industry employed 2.238 million people in 2010, compares to 2.2641 million in 2009. Out of these, 1.3675 million works for insurance companies(807,300 for life, health and medical insurers; 533,100 for P/C; 27,100 for reinsurers) and 870,500 works for insurance agencies, brokers and other insurance-related enterprises(638,300 for for insurance agencies and brokers; 232,200 for other insurance-related enterprises).
Total cash and invested assets for P/C companies in 2010 stood at USD$1,315.9 billion, an increase of USD$55.5 billion or 4.4% compares to $1,260.4 in 2009. While L/H companies total cash and invested assets stood at USD$3,194.9 billion, an increase of USD$123 billion or 4% compares to $3,071.9 in 2009.

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