Association of British Insurers
Rankings by Class based on Total UK Net Premiums in 2007
Life Business 2007 (2006) 1 (2) AIG 2 (1) HBOS Financial Services 3 (3) AVIVA plc 4 (4) Legal & General 5 (5) Standard Life 6 (7) AXA 7 (6) Zurich Financial Services 8 (13) HSBC 9 (8) Lloyds TSB Group 10 (10) Old Mutual Group 11 (9) Prudential 12 (12) Resolution plc 13 (16) Cardif Pinnacle 14 (11) Friends Provident 15 (14) Aegon 16 (15) RBS Group 17 (17) Canada Life 18 (18) Munich Re 19 (24) The Hartford 20 (19) Royal London Mutual Insurance Society Share of top 5 companies Share of top 10 companies Share of top 20 companies Product share of total market 2007 58.62% 78.73% 94.81% 47.92% 2006 56.57% 79.23% 94.26% 41.43% Individual Pensions Business 2007 (2006) 1 (3) Lloyds TSB Group 2 (2) AVIVA plc 3 (15) Swiss Reinsurance Company 4 (1) Standard Life 5 (4) AXA 6 (5) Aegon 7 (7) Legal & General 8 (6) HBOS Financial Services 9 (8) Old Mutual Group 10 (9) Friends Provident 11 (14) Prudential 12 (16) Royal London Mutual Insurance Society 13 (12) Suffolk Life 14 (10) Resolution plc 15 (-) Deutsche Bank 16 (18) Barclays 17 (11) Canada Life 18 (22) Sun Life of Canada 19 (26) AIG 20 (24) National Farmers Union Mutual Share of top 5 companies Share of top 10 companies Share of top 20 companies Product share of total market 2007 53.90% 87.09% 97.85% 34.01% 2006 58.50% 82.73% 96.67% 35.55% Occupational Pensions Business 2007 (2006) 1 (3) Standard Life 2 (2) Prudential 3 (4) Aegon 4 (5) Legal & General 5 (1) Canada Life 6 (-) HBOS Financial Services 7 (7) Lloyds TSB Group 8 (14) Fidelity 9 (8) AXA 10 (15) Royal London Mutual Insurance Society 11 (13) Old Mutual Group 12 (9) Zurich Financial Services 13 (17) Resolution plc 14 (10) Threadneedle Pensions 15 (12) AVIVA plc 16 (16) Aberdeen Asset Management 17 (18) UNUM 18 (-) Deutsche Bank 19 (21) RBS Group 20 (22) AIG Share of top 5 companies Share of top 10 companies Share of top 20 companies Product share of total market 2007 74.51% 88.40% 98.96% 16.55% 2006 62.38% 85.95% 98.74% 21.08%
Protection and Other Business 2007 (2006) 1 (2) UNUM 2 (3) AVIVA plc 3 (4) Canada Life 4 (7) Friends Provident 5 (8) Legal & General 6 (11) HBOS Financial Services 7 (5) Resolution plc 8 (6) Swiss Reinsurance Company 9 (10) GE Insurance 10 (12) AIG 11 (9) Zurich Financial Services 12 (15) Standard Life 13 (13) LV = 14 (14) Munich Re 15 (19) Wesleyan 16 (16) HHG plc 17 (18) Aegon 18 (23) Bupa 19 (21) HSBC 20 (-) Partnership Share of top 5 companies Share of top 10 companies Share of top 20 companies Product share of total market 2007 54.61% 74.33% 92.78% 1.52% 2006 60.64% 77.40% 93.65% 1.94%
Total Business 2007 (2006) 1 (3) HBOS Financial Services 2 (1) Standard Life 3 (8) AIG 4 (2) AVIVA plc 5 (4) Legal & General 6 (7) Aegon 7 (6) Lloyds TSB Group 8 (10) AXA 9 (5) Prudential 10 (17) Swiss Reinsurance Company 11 (12) Old Mutual Group 12 (11) Friends Provident 13 (15) HSBC 14 (14) Resolution plc 15 (9) Canada Life 16 (16) Royal London Mutual Insurance Society 17 (21) Cardif Pinnacle 18 (18) Suffolk Life 19 (20) RBS Group 20 (19) Munich Re Total Market Share of top 5 companies Share of top 10 companies Share of top 20 companies
Premium (£m) 2007 2006 11,941 8,182 11,339 11,136 10,717 6,562 9,759 8,182 8,416 7,361 7,859 6,728 7,254 6,982 6,907 6,237 5,969 7,305 5,002 881 3,862 3,565 2,310 3,629 2,231 1,256 2,171 2,222 1,809 6,335 1,619 1,092 1,083 525 777 759 715 638 669 667 £107,823m £101,030m 48.95% 43.30% 79.55% 75.81% 95.28% 93.12%
Definitions 1. Rankings are based on Net Written Premiums. 2. Life Business will include unit linked and non unit linked regular and single premium business, as well as collective life, insurance ISAs and life annuities. 3. Individual Pension Business will include regular and single premium Personal Pensions, Stakeholder Pensions, GPPs, ESSs, SIPPs, FSAVCs, Pension Term Insurance, Pension Annuities, S32 Buyouts, Income Drawdown, Premium Waiver Benefits, and DWP Rebates. 4. Occupational Pension Business will include occupational pensions, EPPs, SASSs, AVCs, TIPs, and Bulk Buyouts. Managed fund business has been excluded. 5. Protection and Other Business will include Income Protection, Long Term Care, Stand Alone Critical Illness and any other long term business not included elsewhere. Notes 1. All officies are asked to use the same data source i.e. forms 40-41 supplied to the FSA under the Interim Prudential Sourcebook for Insurers. 2. Aegon includes Guardian and Aegon Scottish Equitable 3. AXA includes AXA and Winterthur 4. Deutsche Bank includes Abbey Life 5. HBOS Financial Services includes Clerical Medical, Halifax Life, St Andrews and St James' Place Capital 6. HHG plc includes London Life, NPI and Pearl 7. HSBC includes HSBC and Marks and Spencers 8. Legal & General includes Legal & General and from 2007 Nationwide Life 7. Lloyds TSB Group includes Lloyds TSB Life and Scottish Widows 8. Old Mutual Group includes Selestia and Skandia 9. RBS Group includes Direct Line, Royal Scottish Assurance & National Westminster Life 10. Resolution plc includes Alba Life, Britannic, Century Life, Phoenix Life Group and Scottish Mutual 11. Royal London Mutual Insurance Society includes Bright Grey, Royal London and Scottish Life 12. Swiss Reinsurance Company includes Swiss Re and from 2007 Windsor Life ae5d06f9-37b5-4bb1-829b-7aff9280ba46.xls