Structured Settlement Annuities Issued By Largest Insurance Groups in US

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by John Darer CLU ChFC CSSC RSP CLTC

It’s not surprising to observe that safety security and guarantees have overtaken rates and taxes as the most embraceable benefit of structured settlements to injury victims since 2008.

Those considering taking a structured settlement as part of the settlement of their lawsuit can accept a core settlement planning option that is backed by one of the USA’s, or even one of the world’s biggest insurance companies.

A.M. Best has published 2014 Edition of its annual guide to understanding the insurance industry as a supplement to the November 2014 issue of Best’s Review.

Subsidiaries of the following companies, listed as top US Life and Health insurers by A.M. Best,  currently issue structured settlement annuities and/or issue guarantees of periodic payment obligations assigned to qualified assignment companies pursuant to IRC Section 130;

  • Metropolitan Life #1 2013 Assets 3   #2 2013 Capital and Surplus
  • Prudential of America Group  #3 2013 Assets  #7 2013 Capital and  Surplus
  • AIG Life and Retirement Group #4  Admitted 2013 Assets #5  2013  Capital and Surplus
  • New York Life Group  #6 Admitted 2013 Assets  #3 2013 Capital and Surplus

MassMutual and AEGON,whose subsidiaries formerly issued structured settlement annuities, were also listed in the Top 10 in both admitted assets and capital and surplus.

Subsidiaries of the following companies, listed as top US Property and Casualty insurers by A.M. Best, currently issue structured settlement annuities and/or issue guarantees of periodic payment obligations assigned to qualified assignment companies pursuant to IRC Section 130;

  • Berkshire Hathaway Insurance Group #1  Admitted 2013 Assets  #1 2013 Capital and Surplus
  • Liberty Mutual Insurance Companies  #4  2013 Assets  #6 2013 Capital and Surplus
  • USAA Group #4 2013 Capital and Surplus

MassMutual and AEGON,whose subsidiaries formerly issued structured settlement annuities, were also listed in the Top 10 in both admitted assets and capital and surplus.

Consider that subsidiaries of 4 of the world’s 25 largest insurance companies  (by 2012 non banking assets)  currently issue structured settlement annuities and/or provide guarantees of perioidic payment obligations assigned to qualified assigment companies.

  • MetLife Inc.                          #4                                $836.7B
  • Prudential Financial           #5                                 $709.2B
  • AIG                                         #9                                 $548.6B
  • Berkshire Hathaway           #17                               $427.4B

 

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Original article: http://structuredsettlements.typepad.com/structured_settlements_4r/2014/11/structured-settlement-annuities-issued-by-largest-insurance-groups-in-us.html