Best’s News & Research Service - June 11, 2021 12:33 PM (EDT)
2021 Best’s Rankings: U.S. Life/Health – Industry’s Admitted Assets Increased 7.7%
OLDWICK, N.J. //BestWire// - Total admitted assets for the top 200 insurers in the U.S. life/health industry rose 7.8% to $8.14 trillion and total admitted assets for the entire U.S. life/health industry rose 7.7% to $8.15 trillion, according to a new Best’s Rankings report.
Prudential of America Group led the list of U.S. life/health insurers ranked by 2020 total admitted assets with $680.21 billion, up 7.2%.
All of the top 10 insurers recorded an increase in total admitted assets in 2020. Four of the top 10 insurers saw total admitted assets rise more than 10%.
Among the top 10, fourth-ranked TIAA Group’s total admitted assets rose the least, up 4%.
Only 27 of the top 200 insurers recorded a drop in total admitted assets, with Country Financial Life Cos. falling most, down 10.0%.
The two-page AM Best report measures 2020 admitted assets and the percent change from the previous year.
Subscribers to Best’s News and Research Service can download the report at no charge, including full data in spreadsheet format. Fields include 2020 admitted assets and the percent change from the previous year.
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(By David Pilla, news editor, BestWeek: David.Pilla@ambest.com)