Maine Quick Stats
The 2013 insurance company claims payments in Maine as measured by direct property/casualty incurred losses, were
$983,000,000.
The insurance industry provided
13,221 jobs in Maine in 2013, according to the Department of Commerce. These jobs accounted for about
$946,882,000 in compensation in Maine.
$1,564,000,000 of the Maine gross state product was contributed by the insurance industry, accounting for 2.9% of the GSP.
Direct premiums written by property/casualty insurance companies in Maine totaled $1,969,640,000 in 2013.
Life/health premiums in Maine totaled $2,662,000,000 in 2013 (including life insurance, annuities, accident and health insurance, deposit type funds and other considerations).
Life insurance claims and benefits payouts in Maine totaled $1,800,000,000 in 2013. Includes life insurance, death benefits, matured endowments, annuity benefits and other life insurance benefits. This does not include accident and health.
The Maine surplus lines market accounted for $78,100,000 in gross premiums written in 2013, according to a survey by Business Insurance.
Premium taxes paid by insurance companies in Maine totaled $99,693,000 in 2013.
