Income Protection

U.S. Group Disability Insurers See 13.8% Increase in New Sales

Milliman’s 2016 survey includes expanded case size and employer- vs. employee-paid metrics,;
New info on first-time buyer business and regional data

PORTLAND, Maine, June 19, 2017 /PRNewswire/ — Milliman, Inc., a premier global consulting and actuarial firm, recently released the results of its 2016 U.S. Group Disability Market Survey, a comprehensive report that analyzes the employer- and employee-paid short- and long-term disability (STD / LTD) market, including insurance products, sales, and in-force business.

In total, 20 disability insurers contributed data to the survey, which also provides analysis of premiums, cases, and covered lives in 2015 and 2016 for all participating companies. New features this year include expanded case size metrics and employer- vs. employee paid data, new information on first-time buyer business, as well as LTD churn and statutory STD metrics. The report also ranks participating companies by both STD and LTD in-force premium totals.

“Besides giving an overview of the current trends in the market, Milliman’s group disability survey is a valuable resource for insurers looking to gain perspective on the competition amongst peer group companies,” says Jennifer Fleck, consulting actuary at Milliman.

Key survey highlights include:

  • Combined STD and LTD in-force premium for participants was $14.4 billion in 2016, compared with 13.6 billion in 2015. This is estimated to be 85% to 90% of the group disability market in terms of in-force business.
  • Combined STD and LTD premium from new sales was $2.3 billion in 2016, up from $2 billion the year before – a combined increase of 13.8% in new sales. STD new sales premiums saw a 12.0% increase, while LTD new sales premiums increased by 14.9%.
  • Average STD premium per life increased by 2.2% for in-force business, while declining by 3.1% for new sales; average LTD premium per life increased by 2.7% for in-force business and by 1.1% for new sales.

Copies of the full report are only available to participating companies. For a summary of results, visit here.




About Milliman
Milliman is among the world’s largest providers of actuarial and related products and services. The firm has consulting practices in healthcare, property & casualty insurance, life insurance and financial services, and employee benefits. Founded in 1947, Milliman is an independent firm with offices in major cities around the globe. For further information, visit