Disability
FREQUENCY OF DISABLING INJURIES, 2003

 

 
 
Number per…
 

Class
One every -
Hour
Day
Week
2002 total
All 2 seconds 2,360 56,700 398,100 20,700,000
Motor vehicle 13 seconds 270 6,600 46,200 2,400,000
Work 9 seconds 390 9,300 65,400 3,400,000
Workers off-the-job 5 seconds 740 17,800 125,000 6,500,000
Home 4 seconds 900 21,600 151,900 7,900,000
Public nonmotor vehicle 4 seconds 810 19,500 136,500 7,100,000
Source: National Safety Council.
AVERAGE NEW LONG TERM DISABILITY (LTD) AND SHORT TERM DISABILITY (STD)
CLAIM SUBMISSIONS, 2002



 

Source: JHA, Inc., 2002 U.S. Group Disability Rate Study & Risk Management Survey.

 
LONG TERM DISABILITY AND SHORT TERM DISABILITY
CLAIM INCIDENCE RATES, 2000-2001

 

 
Median number of submitted claims (received from policyholder) per 1,000 insured lives:

 
Long term disability
Short term disability
2000 5.5 67.9
2001 5.8 68.2
Source: JHA, Inc., 2002 U.S. Group Disability Rate Study & Risk Management Survey.
AVERAGE DISABILITY DURATION, 2002 (1)



 

(1) As reported by participating carriers. Duration from disability date, includes Elimination Period, for closed claims only.

Source: JHA, Inc., 2002 U.S. Group Disability Rate Study & Risk Management Survey.

 
INDIVIDUAL DISABILITY INCOME, ISSUES AND IN FORCE, 2003 (1)

 

 ISSUES (2)
 
Noncancelable disability income  
     Total sales ($000) $280,001
     Premium growth rate (%) -1%
     Policy growth rate (%) -3
     Premium per policy ($) $1,341
   
Guaranteed renewable disability income  
     Total sales ($000) $88,744
     Premium growth rate (%) -1%
     Policy growth rate (%) -6
     Premium per policy ($) $599
   
Commercial disability income  
     Total sales ($000) $4,605
     Premium growth rate (%) -14%
     Policy growth rate (%) -9
     Premium per policy ($) $304
   
Total disability income  
     Total sales ($000) $373,349
     Premium growth rate (%) -1%
     Policy growth rate (%) -5
     Premium per policy ($) $1,003
   
IN FORCE (3)  
Noncancelable disability income  
     Total sales ($000) $3,339,112
     Premium growth rate (%) 3%
     Policy growth rate (%) 2
     Premium per policy ($) $1,277
   
Guaranteed renewable disability income  
     Total sales ($000) $490,479
     Premium growth rate (%) 5%
     Policy growth rate (%) -1
     Premium per policy ($) $466
   
Commercial disability income  
     Total sales ($000) $55,197
     Premium growth rate (%) 0%
     Policy growth rate (%) -5
     Premium per policy ($) $310
   
Total disability income  
     Total sales ($000) $3,884,787
     Premium growth rate (%) 4%
     Policy growth rate (%) 0
     Premium per policy ($) $1,010
NA = Not applicable.

(1) LIMRA survey results based on 28 companies.  Growth rates are percent change, 2002-2003.
(2) New sales.
(3) Total book of business.

Source: LIMRA International.
GROUP DISABILITY INCOME, SALES AND IN FORCE, 2003 (1)

 

 SALES (2)
 
Short-term disability  
     Master contracts (number) 32,590
     Certificates (number) 3,988,359
     Annualized premium ($ millions) $1,021
Long-term disability  
     Master contracts (number) 40,453
     Certificates (number) 5,113,794
     Annualized premium ($ millions) $1,433
   
IN FORCE (3)  
Short-term disability  
     Master contracts (number) 206,480
     Certificates (number) 22,493,335
     Total premium collected ($ millions) $4,484
Long-term disability  
     Master contracts (number) 235,478
     Certificates (number) 35,680,110
     Total premium collected ($ millions) $8,148
(1) LIMRA survey results for approximately 40 companies.  Excludes reserve buyouts.
(2) New sales.
(3) Total book of business.

Source: LIMRA International.
TOP TEN LONG TERM DISABILITY CARRIERS BY SALES PREMIUM, 2003

($millions)

 

 Rank
Company
Premiums
1 UnumProvident $279.8
2 Hartford Life 131.2
3 MetLife 104.1
4 CIGNA 85.1
5 Standard 69.9
6 Prudential 66.7
7 CNA 65.3
8 Reliance Standard 60.4
9 Jefferson Pilot Financial 54.1
10 Aetna 50.1
  Top ten market share 74.8%
Source: JHA, Inc., 2003 U.S. Group Disability Market Survey.
TOP TEN SHORT TERM DISABILITY CARRIERS BY SALES PREMIUM, 2003

($millions)

 

 Rank
Company
Premiums
1 UnumProvident $118.8
2 Hartford Life 74.7
3 CNA 44.2
4 Standard 41.1
5 MetLife 39.0
6 Jefferson Pilot Financial 36.7
7 Guardian Life 30.4
8 Prudential 25.6
9 Reliance Standard 24.6
10 Aetna 20.6
  Top ten market share 74.6%
Source: JHA, Inc., 2003 U.S. Group Disability Market Survey.
 

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