Home|Careers|Dynamics|Contact Us|Legal Statement|Login
Home
Reinsurance
Consulting
Research
Publications
Seminars
Press Release
GEN RE LIFEHEALTH ANNOUNCES 2005 U.S. GROUP LIFE MARKET SURVEY RESULTS

STAMFORD, CONNECTICUT: Gen Re LifeHealth and JHA released the results of the 2005 U.S. Group Life Market Survey, a leading industry benchmark survey covering Group Term Life (GTL), and Voluntary Group Term Life (VGTL) new sales and inforce premium, volume, lives, and cases. Thirty-three companies participated in the 2005 survey, representing over $16.7 billion in premium.

GTL inforce premium grew 3% in 2005, reaching over $15 billion.  VGTL inforce premium increased 9% in 2005 to nearly $1.4 billion.

Survey results also indicate that 2005 GTL new sales premium increased by 2% to $1.8 billion; GTL volume increased by 10%, as compared to 2004.  New VGTL sales premium increased by 10% to $210 million; VGTL volume increased by 6%, as compared to 2004.

New lives for GTL grew by 13% while cases grew by 2% causing the average lives per case on new sales to increase 11% in 2005.  Inforce GTL cases also grew, albeit slightly in 2005.

“Although growth in new GTL inforce cases was only 2% in 2005, this is an improvement over prior years.  This is the first time GTL inforce cases grew since the inception of our study,” said Daniel Wolak, Senior Vice President of Gen Re LifeHealth.

The annual Gen Re LifeHealth U.S. Group Life Market Survey reports new sales and inforce for both group term and voluntary group term life products.  In addition, the survey covers premium, volume, lives, and cases. Participating companies receive the full report.  To obtain a summary of the U.S. Group Life Market Survey results, visit Gen Re LifeHealth’s website at www.genrelifehealth.com and select North America.

Gen Re LifeHealth and Gen Re are global brands belonging to General Re Corporation, a subsidiary of Berkshire Hathaway Inc. and a holding company for global reinsurance and related risk management operations.

JHA, a subsidiary of General Re Life Corporation, is a disability reinsurance, consulting, and research firm located in Portland, ME.  Since 1986, JHA has been helping insurers, TPAs, employers, brokers, and benefit consultants improve their disability business performance.  Through its research practice and consulting work, JHA is the leading source for information about the disability market.

 

View the 2005 U.S. Group Life Market Survey Results

Home|Careers|Dynamics of Disability|Contact Us|Admin|Legal Statement
120 Exchange Street Third Floor, Portland, ME 04101-7202 Tel: 207-874-2261 Copyright © 2006 JHA, All Rights Reserved