North Dakota Fact Sheet 2017


  • The life insurance industry generates approximately 5,100 jobs in North Dakota, including 3,100 direct employees and 2,000 non-insurance jobs.
  • 429 life insurers are licensed to do business in North Dakota and 3 are domiciled in the state.


  • North Dakota residents have $76 billion in total life insurance coverage.
  • State residents own 397,000 individual life insurance policies, with coverage averaging $135,000 per policyholder.
  • Group life insurance coverage amounts to $22 billion.
  • Individual life insurance coverage purchased in 2015 in North Dakota totaled $5 billion.
  • $958 million was paid to North Dakota residents in the form of death benefits, matured endowments, policy dividends, surrender values, and other payments in 2015.
  • Annuity benefits paid in the state in 2015 totaled $172 million.


  • Life insurance companies invest approximately $16 billion in North Dakota's economy.
  • About $14 billion of this investment is in stocks and bonds that help finance business development, job creation, and services in the state.
  • Life insurers provide $346 million in mortgage loans on farm, residential, and commercial properties, and own $5 million in real estate in North Dakota.

Across America

  • 75 million American families depend on life insurers' products to protect their financial and retirement security.
  • More than 16 percent of Americans' long-term savings is in permanent life insurance and retirement annuities.
  • Life insurers pay out $1.7 billion to families and businesses every day.
  • Life insurers are leading providers of retirement solutions, including 401(k)s, 403(b)s, 457s, IRAs, and annuities, managing 20 percent of all defined contribution plan assets and 14 percent of all IRA assets.
  • The life insurance industry generates approximately 2.5 million jobs in the U.S.
  • Life insurers invest $5.9 trillion in the U.S. economy—90 percent of the industry's total assets.
  • Life insurers are a major source of bond financing for American businesses, holding 20 percent of all U.S. corporate bonds.

ACLI in North Dakota

  • 243 ACLI member companies provide financial and retirement security to families through life insurance, annuities, long-term care and disability income insurance, and retirement plans.
  • 94 percent of all life and annuity payments are from ACLI member companies.
  • 94 percent of total life insurance coverage is provided by ACLI members.

Sources: ACLI calculations based on National Association of Insurance Commissioners (NAIC) 2015 annual statement data; U.S. Bureau of Economic Analysis, 2015 data; U.S. Census Bureau, 2015 data; U.S. Bureau of Labor Statistics, 2015 data; and U.S. Treasury Department, 2015 data.


ACLI's State Fact Sheets provide useful information about the life insurance industry in all 50 states and the District of Columbia, including:

  • Residents employed by the industry
  • Industry investments
  • Residents covered and benefits paid


The State Insurance Department Directory, with contact information for 50 states, the District of Columbia and Puerto Rico. Includes names and phone numbers for key personnel and specific subject contacts.