Key Market Indicators
The American Life Insurance market is projected to grow modestly over the next five years. According to recent estimates, the gross written premium for this sector is expected to reach approximately $593 billion by 2028. This marks a slight increase from the current figure of around $579 billion in 2023. The compound annual growth rate (CAGR) for this period is anticipated to be 0.4%, reflecting steady, albeit slow, growth. Historical data supports this trend, with American supply having risen by an average of 0.5% annually since 2015. This incremental growth underscores a consistent, if not spectacular, expansion of the life insurance market in the United States.
