The mission of the National Association of Insurance Commissioners (NAIC) is to assist state insurance regulators,

individually and collectively, in serving the public interest and achieving the following fundamental insurance regulatory
goals in a responsive, efficient and cost effective manner, consistent with the wishes of its members. As part of this mission,
the NAIC compiles meaningful data about the insurance regulatory community, as well as the insurance industry.

Number of Insurance Companies

The number of insurance companies is provided by state insurance regulators and is compiled annually by the NAIC.
Depending on the type of insurance companies provided, they are classified either as property/casualty, life, health, fraternal
or title insurers. Insurers with primary corporate headquarters located in a particular state are called domestic insurers. The
insurance regulator in the insurers state of domicile is the primary regulator of that insurer. Foreign insurers are those that
are allowed to sell insurance in a state but have a primary legal residence in another state. The state rank represents the rank
relative to the state with the largest number of insurers among all states.

U.S. Premiums by NAIC Financial Statement Type

The premium volume from the NAIC financial filing database is direct written premium derived from insurer annual
financial statement filings provided to the NAIC. The total is comprised of aggregate premium and deposits generated
without any adjustments for reinsurance. This data is grouped according to insurer financial statement filing type (i.e.,
property/casualty; life, accident and health; health; fraternal organizations; and title). Data in one financial statement type
could contain data that seemingly fits better under another line of business. For example, traditional health data may be filed
by an insurer using the filing type of life, accident and health. Depending on the regulatory requirements in the state of
domicile, captives and risk retention groups are not always required to file with the NAIC and, consequently, this data may
not be considered complete. Not all state funds are required to file with the NAIC. State fund data contained herein is
reported separately and added to the premium volume during composition of this report. Some categories are modified to
more closely align with the structure of the NAIC financial statement filings and may not be comparable to data reported in
prior years. The state rank represents the rank relative to the state with the largest premium volume among all states.

U.S. Premiums by IDRR Premium Type

The premium volume from the Insurance Department Resources Report (IDRR) is comprised of direct written premium that
the states report to the NAIC in compiling the IDRR. This data is grouped by type of business and will not match up with
data grouped by NAIC financial statement type. This data includes total direct written premium reported by each state
insurance department and does not include premiums from captives or surplus lines business. It was requested that each state
include state funds in its premium volume reported. Some companies may report premium data to the state insurance
department that are not required to report to the NAIC due to sales volume or other regulatory requirements of their
domiciliary state.

Insurance Department Data

The insurance department data is provided by state insurance regulators and is compiled annually by the NAIC. Total taxes
include premium, retaliatory, franchise and income taxes paid by insurers. Total revenue includes other sources of revenue,
such as licensing fees and fines and assessments, as well as total taxes. Total budget represents the annual operating budget of
the state insurance department. Total employment is the number of full-time state insurance department employees. The state
rank represents the rank relative to the state with the largest respective number among all states.
Cost of Regulation

The cost of regulation is calculated from data supplied by state insurance regulators and collected from insurers financial
filings. It is a ratio that compares the insurance department budget to total premium written in the state. Beginning with the
2010 IDRR, insurance budget data no longer includes pass-through funding. Budget figures from 2008 and forward were
adjusted to reflect this change. For state-specific details, please refer to the IDRR technical notes.

Property/Casualty Premium by Line of Business

The premiums are from the annual financial statement information that property/casualty insurers file with the NAIC.
Property/casualty premium is subdivided into several categories. This data includes information on state funds reported
separately and added to the premium volume during composition of this report. The state rank represents the rank relative to
the state with the largest respective premium by line of business among all states.

Insurance Industry Employment

The U.S. Bureau of Labor Statistics (BLS) produces the Quarterly Census of Employment and Wages (QCEW). The QCEW
is derived from quarterly unemployment insurance tax reports submitted by employers to state workforce agencies. The
reports are subject to state unemployment insurance laws, as well as to the Unemployment Compensation for Federal
Employees (UCFE) program. According to the BLS, the QCEW program publishes a quarterly count of employment and
wages covering 98% of U.S. jobs, available by industry in the county, metropolitan statistical area (MSA), state and national
levels. Employment is the total number of persons employed full-time or part-time in non-farm establishments during a
specified payroll period. Temporary employees are included. In general, data refer to persons who worked during, or received
pay for, any part of the pay period that includes the 12th of the month, which is standard for all federal agencies collecting
employment data from business establishments. Insurance carriers include employees of direct insurers from all insurance
types and reinsurers. Agencies, brokerages and other insurance-related activities include insurance agents and brokers,
independent claims adjusters, third-party administrators of insurance and pension funds, and other insurance-related
activities.

Consumer Complaints

Complaints include all formal complaints lodged with the insurance department.

Consumer Inquiries
Inquiries include all requests for information about insurance-related issues made by any medium, including phone calls,
written letters, emails, etc. Requests for brochures are included, as are incidents where a complaint is voiced, but is not
formally lodged.

Gross Domestic Product

The U.S. Bureau of Economic Analysis (BEA) produces the gross domestic product (GDP). The BEA defines GDP by state
as the most comprehensive measure of overall economic activity in the individual states. Per the BEA, GDP by state is
calculated as the sum of incomes earned by labor and capital and the costs incurred in the production of goods and services. It
includes workers wages and salaries; income earned by sole proprietorships, partnerships and corporations; and business
taxes (such as sales, property, and federal excise taxes) that count as a business expense.
 State Insurance Regulation: Key Facts and Market Trends
The primary goal of state regulation is to protect insurance consumers, while recognizing that consumers as well as companies are well
served by efficient, market-oriented regulation of the business of insurance.

OVERVIEW OF THE UNITED STATES INSURANCE MARKET

2015
Five Largest Insurance Groups in the U.S. U.S. Gross Domestic Product (Millions)
by Direct Premium Written
2014 2015*
Direct Premium % of Total
Insurance Group Written* Premium Funds, trusts, and other financial 40,356 N/A
vehicles
METROPOLITAN GRP $111,643,682,451 5.64%
Insurance carriers and related activities 450,336 N/A
UNITEDHEALTH GRP $111,283,606,529 5.62%
STATE FARM IL $64,603,785,350 3.26% Securities, commodity contracts, and 244,193 N/A
ANTHEM INC GRP $55,286,160,493 2.79% investments
HUMANA INC $51,754,607,262 2.62% Federal Reserve banks, credit 488,004 N/A
intermediation, and related services
Top 5 Total $394,571,842,085
Finance and insurance 1,222,890 1,275,451
*Includes Deposit Type Funds and premium written in U.S. territories
from Property, Life, Fraternal, Title, and Health Annual Statements.
*Figure is an estimate.
Source: National Association of Insurance Commissioners
Source: US Department of Commerce, Bureau of Economic Analysis

U.S. Financial Sector Employment U.S. Gross Dometic Product

2013 2014 2015 Shares of Financial Institutions
Insurance Carriers and Related 2,144,426 2,186,611 2,261,125 By Component, 2014
Activities
Insurance Carriers 1,198,142 1,181,661 1,187,203
Federal
Direct Life and Health Insurance Carriers 618,724 614,241 612,655
Securities, Reserve
Commodity Banks, Credit
Direct Life Insurance Carriers 259,898 247,345 240,851 Contracts, Internediation
Investments and Related
Direct Health and Medical Insurance 359,907 366,089 367,175 19.97% Services
Carriers 39.91%
Direct Insurers (except Life and Health) 511,365 503,163 509,955
Funds, Trusts,
Direct Property and Casualty Insurers 470,277 465,246 471,352 Insurance and Other
Carriers and Financial
Direct Title Insurance Carriers 58,352 54,766 56,232 Related Vehicles
Activities 3.30%
36.83%
Other Direct Insurance Carriers 10,358 10,012 11,832

Reinsurance Carriers 21,290 20,034 19,329

Insurance Agencies and Brokerages 946,284 1,004,960 1,073,922

Other Insurance Related Activities 280,807 295,470 308,904 U.S. Gross Dometic Product
Shares of Financial Institutions
Claims Adjusting 54,277 54,549 56,530 By Component, 2013

Third Party Administration of Insurance 159,233 169,039 176,473

Funds Federal
All Other Insurance Related Activities 67,300 71,875 75,123 Securities, Reserve Banks,
Commodity Credit
Contracts, Internediation
Source: U.S. Department of Labor, Bureau of Labor Statistics Investments and Related
18.54% Services
43.03%

Funds, Trusts,
Insurance and Other
Carriers and Financial
Related Vehicles
Activities 3.51%
34.92%

Copyright 2016 National Association of Insurance Commissioners. All rights reserved.

 State Insurance Regulation: Key Facts and Market Trends
OVERVIEW OF THE UNITED STATES INSURANCE MARKET
2015

U.S. Property & Casualty Premium by Line of Business

Total U.S. Premium
Line of Business 2014 2015
All Types of Insurance ($ billions)
Accident & Health 5,601,767,251 5,731,583,174
$2,400 Allied lines 12,995,129,881 12,441,267,244
Federal flood 3,028,609,117 2,869,911,417
Crop 953,362,225
$2,000 Farm 13,666,645,811 13,631,209,251
Homeowners multiple peril 86,303,533,486 89,136,725,302
Commercial multi peril 38,961,757,164 39,552,629,282
Mortgage guaranty 4,534,832,939 4,868,941,507
$1,600
Ocean & Inland Marine 21,586,864,497 23,146,799,019
Financial guaranty 477,564,807 442,849,479
Billions

Fire 12,670,360,838 12,321,900,550

$1,200
$2,136
Earthquake 2,301,676,840 2,278,381,361
$1,990
$1,865
$1,839

Workers' compensation 59,444,975,584 61,676,481,736

$1,741
$1,677

$1,648
$1,639
$1,555

Products liability 3,358,246,777 3,553,210,600

$1,469

$800 Automobile 218,408,475,982 230,998,398,345

Aircraft (all perils) 1,502,705,778 1,471,297,927
Fidelity 1,211,389,569 1,212,689,003
$400 Surety 5,459,383,404 5,603,942,863
Burglary and theft 265,462,287 280,063,866
Boiler and machinery 1,492,824,809 1,624,547,006
$0 Credit 1,714,424,883 1,690,805,718
2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

Other 61,491,956,150 64,794,550,184

Medical professional liability 9,658,218,108 9,385,864,118
(Premiums from Property, Life, Fraternal, Health and Title Annual Total 567,104,561,603 589,667,410,724
Statements plus State Funds for Property and Health)
Source: National Association of Insurance Commissioners Source: National Association of Insurance Commissioners
(Premiums from Property Annual Statements plus State Funds)

Premium Written for Automobile Premium Written for Premium Written for
Insurance Homeowners Insurance Commercial MP Insurance
$200,000 $80,000 $40,000
$70,000 $35,000
$160,000
$60,000 $30,000
(Millions)

(Millions)
(Millions)

$50,000 $25,000
207,309
218,408
230,998
197,383

$120,000
191,640

190,462
188,896

82,660
86,304
89,137
187,773

39,553
186,322

38,962
77,854

37,721
73,676

35,948
35,572
70,907

34,608
67,545

33,663

33,668
$40,000 $20,000
32,886
65,034
64,679

$80,000 $30,000 $15,000

$20,000 $10,000
$40,000
$10,000 $5,000
$0 $0 $0
2007

2008

2009

2010

2011

2012

2013

2014

2015

2007

2008

2009

2010

2011

2012

2013

2014

2015

2007

2008

2009

2010

2011

2012

2013

2014

2015
Premium Written for Medical Premium Written for Premium Written & Deposits for
Liability Insurance Life Insurance * Health Insurance **
$12,000 $700,000 $1,000,000
$10,000 $600,000
$800,000
$500,000
$8,000
(Millions)

(Millions)

(Millions)

$600,000
11,657

$400,000
903,717
628,377
11,208

604,422
10,795

592,582
10,595

587,842
10,280

570,056

817,843
565,718

564,083
10,019

$6,000
527,969
519,217

738,900
9,785
9,658

707,540
9,386

674,607
641,056

$300,000
625,408

$400,000
505,417
470,604

$4,000
$200,000
$2,000 $200,000
$100,000
$0 $0 $0
2007

2008

2009

2010

2011

2012

2013

2014

2015

2007

2008

2009

2010

2011

2012

2013

2014

2015

2007
2008
2009
2010
2011
2012
2013
2014
2015

* Figures include Life, Annuities, Deposit Type Funds, and Other Considerations from the NAIC Life, and Fraternal financial statements.
** Figures includes Health data from the NAIC Health, Life, and Fraternal financial statements and California Insurance data.
Figures include data from State Funds where applicable.
Copyright 2016 National Association of Insurance Commissioners. All rights reserved.
 State Insurance Regulation: Key Facts and Market Trends
The primary goal of state regulation is to protect insurance consumers, while recognizing that consumers as well as companies are well
served by efficient, market-oriented regulation of the business of insurance.

OVERVIEW OF THE UNITED STATES INSURANCE MARKET

2015

U.S. Premiums by NAIC Financial Statement Type

Fraternal
Data Year Property & Casualty* Life Health** Organizations Title Total
2006 $496,289,183,915 $646,986,485,516 $6,441,523,147 $16,295,057,128 $1,469,406,202,696

2007 $502,303,781,431 $701,396,470,641 $6,244,013,237 $13,906,453,999 $1,554,521,426,010

2008 $490,607,632,320 $733,223,936,545 $436,133,320,961 $7,651,600,468 $9,784,308,716 $1,677,400,799,010

2009 $475,352,229,041 $673,775,162,639 $471,264,277,619 $8,874,377,984 $9,376,264,339 $1,638,642,311,622

2010 $475,087,530,842 $667,917,139,633 $485,478,978,203 $10,056,997,119 $9,322,927,851 $1,647,863,573,648

2011 $492,359,898,516 $712,620,034,399 $516,592,347,745 $10,059,457,703 $9,163,755,643 $1,740,795,494,006

2012 $515,045,289,525 $755,487,272,271 $546,782,291,690 $10,309,568,435 $11,129,648,863 $1,838,754,070,784

2013 $542,844,596,048 $728,885,499,002 $570,536,064,511 $10,215,714,914 $12,452,031,563 $1,864,933,906,038

2014 $567,105,061,580 $737,379,318,019 $664,352,095,084 $10,458,718,577 $11,060,055,329 $1,990,355,248,589

2015 $589,667,410,484 $777,515,450,630 $745,537,695,442 $10,867,996,702 $12,885,170,798 $2,136,473,724,056

*Starting in 2004, Property/Casualty premiums include Supplemental State Funds.

** Starting in 2007, Health premiums include data filed with the California Department of Insurance.
Source: National Association of Insurance Commissioners

2015 U.S. Premiums by NAIC IDRR Premium Category

Life / Property / Risk Retention All

Total Annuities Casualty Health Title Group Other

$2,096,263,565,923 $659,176,391,984 $553,979,079,045 $860,669,606,790 $12,432,191,116 $2,505,270,772 $7,501,026,216

2011 was the first year IDRR collected premiums by category. Additional years will be added to the chart as they become available.

Source: NAIC Insurance Department Resources Report

2015 U.S. Insurance Industry Information

Domestic Num of Domestic Mean Captive Num of Captive Mean

Premium Domestic Premium Premium Captives Premium
$2,096,263,565,923 5,930 $353,501,445 $15,546,935,961 3,948 $3,937,927
Source: NAIC Insurance Department Resources Report

2015 U.S. Insurance Department Information for All States

Total Total State Total Total Consumer Consumer

Revenue Tax Revenue Budget Employment Inquiries Complaints
$22,650,918,017 $18,323,416,916 $1,361,765,510 11,304 1,878,057 299,625
Source: NAIC Insurance Department Resources Report

Copyright 2016 National Association of Insurance Commissioners. All rights reserved.

 State Insurance Regulation in California: Key Facts and Market Trends
Overview of the 2015 Insurance Market In California

Number of Insurance Companies in Premiums & Deposits by Type of Annual

California Statement Filing in California
State
Type Number Rank Statement Premium State % of
Type Written Rank U.S.
Domestic 136 14
Fraternal $554,887,201 6 5.11%
Total Domestic and Licensed 1,252 47 Health $159,809,109,248 1 21.44%
Foreign Insurers Life, Accident, and Health $65,506,746,318 2 8.43%
Captives not included. Property and Casualty $68,828,539,495 1 11.67%
Source: NAIC Insurance Department Resources Report
Title $1,631,822,586 2 12.66%
Captive Insurance Companies in California Total California $296,331,104,848 1 13.87%
Number of Direct Total Source: National Association of Insurance Commissioners
Captives Written Premium Captive Premium

0 $0 $0 IDRR Premiums by Category in California

Source: NAIC Insurance Department Resources Report Category Premiums State % of
Type Rank U.S.
Insurance Department Data for California $63,590,498,833
Property and Casualty 1 11.48%
State % of Life/Annuities $70,473,716,174 1 10.69%
Description Amount Rank U.S.
Risk Retention Group $0 50 0.00%
Total Taxes: $2,443,863,593 1 13.34% $0
All Other 14 0.00%
Total Revenue: $2,718,819,087 1 12.00%
Title $1,631,822,586 2 13.13%
Total Budget: $194,887,000 1 14.31%
Total Employment: 1,410 2 12.47% Health $152,945,139,343 1 17.77%
Total Inquiries: 155,049 3 8.26% Total $288,641,176,936 1 13.77%
Total Complaints: 37,221 2 12.42% Source: NAIC Insurance Department Resources Report
Source: NAIC Insurance Department Resources Report

Cost of Regulation in California Cost of Regulation

Insurance Dept. Budget $240,000,000 $1.60

Cost of Regulation per $1,000 Premium

Insurance Dept Budget (Thousands)

Department Per $1,000

Year $1.40
Budget Premium $200,000,000
2006 $1.54 $1.20
$202,278,000
$160,000,000
2007 $207,779,000 $0.98 $1.00

2008 $170,339,000 $0.81 $120,000,000 $0.80

2009 $175,950,000 $0.84 $0.60

$80,000,000
2010 $152,029,000 $0.72 $0.40
$40,000,000
2011 $153,077,000 $0.69 $0.20

2012 $167,240,000 $0.73 $0 $0.00

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
2013 $166,159,000 $0.68
Fiscal Year
2014 $179,621,000 $0.67
2015 $194,887,000 $0.66 Insurance Department Dept Budget per $1,000
Budget Premium
Source: NAIC Insurance Department Resources Report

Copyright 2016 National Association of Insurance Commissioners. All rights reserved.

 State Insurance Regulation in California: Key Facts and Market Trends
Overview of the 2015 Insurance Market In California
Premium by Line of Business in California
Total Direct Premium Written In-State Premium State % of
California Line of Business Written Rank U.S.
All Types of Insurance Automobile $26,517,454,262 1 11.48%
Workers' compensation $12,334,022,301 1 20.00%
$320,000
Other $7,738,294,633 1 11.94%
Homeowners multiple peril $7,462,746,738 3 8.37%
$280,000 Commercial multi peril $4,552,393,805 1 11.51%
Ocean & Inland Marine $2,866,104,751 1 12.38%
$240,000 Fire $1,185,644,000 3 9.62%
Earthquake $1,007,346,984 1 44.21%
$200,000 Allied lines $788,076,231 3 6.33%
Millions

Medical professional liability $752,021,232 2 8.01%

$296,331
$160,000 $267,482
Surety $700,960,429 1 12.51%
$245,844

Farm $698,322,019 9 5.12%

$229,232
$223,143
$210,993
$210,504
$210,486
$209,924

Products liability $463,740,809 1 13.05%

$120,000
Accident & Health $461,636,388 2 8.05%
$131,375

Mortgage guaranty $458,718,567 1 9.42%

$80,000 Federal flood $163,226,148 6 5.69%
Credit $159,693,515 2 9.44%
$40,000 Boiler and machinery $158,166,099 1 9.74%
Aircraft (all perils) $139,449,229 2 9.48%
$0 Fidelity $121,784,212 2 10.04%
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015

Financial guaranty $51,102,241 2 11.54%

Burglary and theft $32,557,995 1 11.63%
Crop $15,076,924 14 1.58%
Total $68,828,539,489 1 11.67%
Source: National Assoication of Insurance Commonisers.
Source: National Association of Insurance Commissioners
Premium Written for Automobile Premium Written for Premium Written for
Insurance Homeowners Insurance Commercial MP Insurance
$28,000 $8,000 $5,000
$24,000 $7,000
$4,000
$20,000 $6,000
(Millions)

(Millions)

$5,000 $3,000
(Millions)

$16,000
26,517
24,691

4,700

4,577

4,552
23,368

4,494
23,051

7,463

4,361
22,483

4,316
7,239

4,237
$4,000
21,825

7,064
21,554

7,039

4,153
4,141
21,257
21,244

6,917
6,777
6,534
6,478

6,373

$12,000 $2,000
$3,000
$8,000
$2,000 $1,000
$4,000 $1,000
$0 $0 $0
2007

2008

2009

2010

2011

2012

2013

2014

2015

2007

2008

2009

2010

2011

2012

2013

2014

2015
2007

2008

2009

2010

2011

2012

2013

2014

2015

Premium Written for Medical Premium Written & Deposits for Premiums Written & Deposits for
Liability Insurance Life Insurance * Health Insurance **
$1,000 $60,000 $180,000
$160,000
$800 $50,000
$140,000
$40,000 $120,000
(Millions)

(Millions)

(Millions)

$600
174,059

$100,000
52,910

152,771
51,687

51,754

$30,000
48,207
909

47,834
47,205
889

46,558
46,176

132,567
44,272
840

$80,000
123,652
820

814

118,356
771

$400
754

752

109,818
743

106,929

$20,000 $60,000
$200 $40,000
$10,000
16,606
15,306

$20,000
$0 $0 $0
2007

2008

2009

2010

2011

2012

2013

2014

2015

2007

2008

2009

2010

2011

2012

2013

2014

2015

2007

2008

2009

2010

2011

2012

2013

2014

2015

* Figures include Life, Annuities, Deposit Type Funds, and Other Considerations from the NAIC Life, and Fraternal financial statements.
** Figures include Health data from the NAIC Health, Life, and Fraternal financial statements and California Insurance data.
Figures include data from State Funds where applicable.
Copyright 2016 National Association of Insurance Commissioners. All rights reserved.
 State Insurance Regulation in California: Key Facts and Market Trends
Overview of the 2015 Insurance Market In California

Insurance Industry Employment in California Gross Domestic Product for California

(Millions)
Insurance Agents Brokers
Carriers and and Other 2012 2013 2014 2015
Related Insurance Related Funds, trusts, and other $2,893 $3,205 $3,778 N/A
Year Activities Carriers Activities financial vehicles
2008 210,262 112,777 Insurance carriers and $30,654 $31,353 $33,382 N/A
97,485
related activities
2009 202,466 110,163 92,303 $22,575
Securities, commodity $23,289 $26,230 N/A
2010 178,392 88,922 89,470 contracts, and investments
2011 179,096 87,498 91,597 Federal Reserve banks, $52,048 $52,089 $54,536 N/A
2012 181,938 89,224 credit intermediation, and
92,714
related services
2013 185,453 90,974 94,479 $108,171 $109,937 $117,926
Finance and insurance $124,344
2014 186,891 85,934 100,957
Note: 2015 figure is an estimate.
2015 193,508 85,245 108,263 Source: US Department of Commerce, Bureau of Economic Analysis
Source: US Department of Labor, Bureau of Labor Statistics

Gross Dometic Product in California

Shares of Financial Institutions
By Component, 2014

Funds, trusts,
Federal Reserve and other
banks, credit financial vehicles
intermediation, 3.20%
and related Insurance
services carriers and
46.25% related activities
28.31%

Securities,
commodity
contracts, and
investments
22.24%

Copyright 2016 National Association of Insurance Commissioners. All rights reserved.