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Life Insurance & Annuities in Connecticut

Author.Name IBISWorld United States Last Updated: August 2025 NAICS CT52411a

Life Insurance & Annuities in Connecticut industry analysis

The Life Insurance & Annuities industry in Connecticut is expected to decline an annualized -x.x% to $x.x billion over the five years to 2025, while the national industry will likely grow at x.x% during the same period. Industry establishments decreased an annualized -x.x% to xxx locations. Industry employment has decreased an annualized -x.x% to x,xxx workers, while industry wages have decreased an annualized -x.x% to $x.x billion.

Over the five years to 2030, the industry is expected to grow an annualized x.x% to $x.x billion, while the national industry is expected to grow x.x%. Industry establishments are forecast to decline -x.x% to xxx locations. Industry employment is expected to increase an annualized x.x% to x,xxx workers, while industry wages are forecast to increase % to $x.x billion.

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About the Life Insurance & Annuities in Connecticut Market Research Report

What’s Included in the Life Insurance & Annuities in Connecticut Market Research Report

Definition of the Life Insurance & Annuities in Connecticut?

Companies in this industry are primarily engaged in accepting liability under annuities and life, disability income and accidental death and dismemberment insurance policies. Enterprises within this industry include fraternal organizations, privately held insurers, publicly traded insurers and mutual insurance companies.

What’s included in the Life Insurance & Annuities in Connecticut?

The Life Insurance & Annuities in Connecticut includes individual annuities, group annuities, individual life insurance, group life insurance, investment income, disability insurance and credit life insurance. Related terms covered in the Life Insurance & Annuities in Connecticut industry report includes a type of investment vehicle that guarantees a future stream of fixed payments. annuities transfer investment risk from the insured to the insurer, the total dollar amount of insurance that has been issued by a company, which is generally the sum of the face value or potential payouts of the policy plus dividends, a policy that provides similar coverage as term life insurance but is meant to be held and paid for during the duration of the insured person's life, a policy that provides life insurance coverage at a fixed rate of payments over a limited period of time, usually one year. after the period, coverage at the previous rate is not guaranteed, a type of annuity that provides future payments to the contract holder, usually at retirement. payments are dependent on the performance of an annuity's underlying portfolio of securities, a type of life insurance in which benefit payments are determined by the performance of underlying investments chosen by the policyholder and a permanent life insurance policy that remains in force for the insured person's whole life as long as premium payments remain current or on time.

Industry Performance of the Life Insurance & Annuities industry in Connecticut

Benchmark the Life Insurance & Annuities in Connecticut industry performance with all CT county and national performance.

Life Insurance & Annuities in Connecticut

#10 in Highest Revenue 4.4% of state's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Life Insurance & Annuities in the US


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Life Insurance & Annuities industry in Connecticut

See how key industry drivers, such as population, house price index, per capita disposable income, per capita disposable income, households earning more than $100,000 and number of employees are impacting Life Insurance & Annuities in Connecticut

Connecticut Economic Indicators

Population
House Price Index
Per Capita Disposable Income

View more economic information in CT State Economic profile

US Key External Drivers

Per capita disposable income
Households earning more than $100,000
Number of employees

For the full list of industry drivers, see report purchase options.

County Data of the Life Insurance & Annuities industry in Connecticut

Access proprietary data on county in the Life Insurance & Annuities in Connecticut, such as Hartford County, Fairfield County and Middlesex County. Data includes figures on revenue, establishments, employees and wages by counties.

Key Statistics of the Life Insurance & Annuities industry in Connecticut

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Life Insurance & Annuities industry in Connecticut in 2025?

The market size of the Life Insurance & Annuities industry in Connecticut is $45.2bn in 2025.

How many businesses are there in the Life Insurance & Annuities industry in Connecticut in 2025?

There are 134 businesses in the Life Insurance & Annuities industry in Connecticut, which has been declining at an average annual rate of -6.2% from 2020 to 2025.

Has the Life Insurance & Annuities industry in Connecticut grown or declined over the past 5 years?

The market size of the Life Insurance & Annuities industry in Connecticut has been declining at an average annual rate of -0.5% from 2020 to 2025.

How many employees in the Life Insurance & Annuities industry in Connecticut in 2025?

There are 22,538 employees in the Life Insurance & Annuities industry in Connecticut, which has been declining at an average annual rate of -2.6% from 2020 to 2025.