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Life Insurance & Pension in North America

Publisher MarketLine
Published Dec 31, 2025
Length 43 Pages
SKU # MTLN21050287

Description

Life Insurance & Pension in North America

Summary

Life Insurance & Pension in North America industry profile provides top-line qualitative and quantitative summary information including: market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights
  • Life insurance is the financial cover for a contingency linked with human life, like death, disability, accident, retirement, etc. Human life is subject to risks of death and disability due to natural and accidental causes. When human life is lost or a person is disabled permanently or temporarily, there is a loss of income to the household.
  • The North American life insurance & pension market recorded gross written premiums of $821.2 billion in 2024, representing a compound annual growth rate (CAGR) of 5.3% between 2019 and 2024.
  • The life insurance segment accounted for the market's largest proportion in 2024, with total gross written premiums of $468.1 billion, equivalent to 57% of the market's overall value.
  • In 2024, the US accounted for 89.6% share of the North American life insurance & pension market, followed by Canada with 8.0% share and Mexico with 2.4% share.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, and leading players in the life insurance & pension market in North America
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the life insurance & pension market in North America
  • Leading company profiles reveal details of key life insurance & pension market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the North America life insurance & pension market with five year forecasts
Reasons to Buy
  • What was the size of the North America life insurance & pension market by value in 2024?
  • What will be the size of the North America life insurance & pension market in 2029?
  • What factors are affecting the strength of competition in the North America life insurance & pension market?
  • How has the market performed over the last five years?

Table of Contents

43 Pages
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Market share
7.2. Who are the leading players?
7.3. What are the strengths and strategies of the leading players?
7.4. What are the recent developments in the market?
8 Company Profiles
8.1. Prudential Financial Inc
8.2. New York Life Insurance Co
8.3. Globe Life Inc
8.4. The Northwestern Mutual Life Insurance Co
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: North America life insurance & pension market value: $ billion, 2019-24
Table 2: North America life insurance & pension market category segmentation: % share, by value, 2019-24
Table 3: North America life insurance & pension market category segmentation: $ billion, 2019-24
Table 4: North America life insurance & pension market geography segmentation: $ billion, 2024
Table 5: North America life insurance & pension market value forecast: $ billion, 2024-29
Table 6: North America life insurance & pension market share: % share, by value, 2024
Table 7: Prudential Financial Inc: Key Facts
Table 8: Prudential Financial Inc: Annual Financial Ratios
Table 9: Prudential Financial Inc: Key Employees
Table 10: New York Life Insurance Co: Key Facts
Table 11: New York Life Insurance Co: Key Employees
Table 12: New York Life Insurance Co: Key Employees Continued
Table 13: Globe Life Inc: Key Facts
Table 14: Globe Life Inc: Annual Financial Ratios
Table 15: Globe Life Inc: Key Employees
Table 16: The Northwestern Mutual Life Insurance Co: Key Facts
Table 17: The Northwestern Mutual Life Insurance Co: Key Employees
Table 18: North America Exchange Rate, 2019-24
List of Figures
Figure 1: North America life insurance & pension market value: $ billion, 2019-24
Figure 2: North America life insurance & pension market category segmentation: $ billion, 2019-24
Figure 3: North America life insurance & pension market geography segmentation: % share, by value, 2024
Figure 4: North America life insurance & pension market value forecast: $ billion, 2024-29
Figure 5: Forces driving competition in the life insurance & pension market in North America, 2024
Figure 6: Drivers of buyer power in the life insurance & pension market in North America, 2024
Figure 7: Drivers of supplier power in the life insurance & pension market in North America, 2024
Figure 8: Factors influencing the likelihood of new entrants in the life insurance & pension market in North America, 2024
Figure 9: Factors influencing the threat of substitutes in the life insurance & pension market in North America, 2024
Figure 10: Drivers of degree of rivalry in the life insurance & pension market in North America, 2024
Figure 11: North America life insurance & pension market share: % share, by value, 2024

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