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Fraternal benefit societies
- Mutual life insurers 17
- Shareholder-owned life insurers 20
- P&C-affiliated life insurers 12
- Farm Bureau life insurers 7
- Fraternal benefit societies 6
- Final expense and senior market specialists 9
- Worksite and supplemental insurers 7
- Annuity and retirement specialists 12
- Closed-block and legacy administrators 8
- Health insurer life affiliates 2
| # | Insurer | Type | Market share (2024) | AM Best |
|---|---|---|---|---|
| 28 | ThriventA member-owned Christian fraternal benefit society formed by the 2002 merger of two Lutheran fraternals, selling life insurance through its own advisors. | Fraternal benefit societies | 0.97% | A++ (Superior) |
| 43 | Knights of ColumbusA Catholic fraternal benefit society founded in 1882 that sells participating whole life, term, annuities and long-term care to members and their families. | Fraternal benefit societies | 0.56% | A+ (Superior) |
| 52 | Foresters FinancialA Toronto-based fraternal benefit society founded in 1874 that sells term, whole and universal life through independent agents, with member benefits attached. | Fraternal benefit societies | 0.42% | A (Excellent) |
| 70 | Modern Woodmen of AmericaA fraternal benefit society founded in 1883 and based in Rock Island, Illinois, selling whole, universal and term life and annuities to nearly 700,000 members. | Fraternal benefit societies | 0.18% | A (Excellent) |
| 72 | WoodmenLifeAn Omaha fraternal benefit society founded in 1890, selling term, whole, universal and final expense life through its own representatives and local chapters. | Fraternal benefit societies | 0.17% | A+ (Superior) |
| 90 | Royal Neighbors of AmericaWomen-founded fraternal insurer in Rock Island, Illinois, selling final expense, whole life, term and annuities via independent agents in 43 states and D.C. | Fraternal benefit societies | 0.10% | A (Excellent) |
Ranked by 2024 U.S. individual life insurance direct premiums written (states and U.S. territories), from the NAIC 2024 Life/Fraternal Market Share Report. NAIC groups combine affiliated companies, so a group may sell under several brand names.