Best’s News & Research Service - June 06, 2025 11:04 AM (EDT)
Best's Rankings: US Life/Health Admitted Assets Grow 5.8% in 2024
OLDWICK, N.J. //BestWire// - The total U.S. life/health industry’s admitted assets of $9.25 trillion at the end of 2024 were up 5.8% from the prior year, according to a new Best's Rankings report.
Prudential of America Group, which topped the list of insurers by admitted assets the prior year, retained its perch with its $568.19 billion in assets, up by 6.9%. Prudential also registered the highest growth among the top 10 carriers.
New York Life Group took second place with $446.99 billion in admitted assets, for a growth of 5.6%, according to the ranking. MetLife Insurance Cos. came in at No. 3, with admitted assets of $414.85 billion at the close of the year, up 0.1% over the 12-month period.
Massachusetts Mutual Life Group held onto the fourth-place spot with $406.64 billion in admitted assets up by 6.7%, according to the data.
Northwestern Mutual Group was the only carrier in the top five to see movement from the prior year with its $378.45 billion up by 5.4%. Northwestern Mutual was ranked sixth in 2023.
The AM Best ranking measures admitted assets as of Dec. 31, 2024, as well as the change on a percentage basis.
The numbers are as of June 4. Subscribers can access the report and data here.
Learn more about Best’s News and Research Service.
AM Best data sourced from Best’s Financial Suite, US.
(By Terrence Dopp, senior associate editor, Best’s Review: Terry.Dopp@ambest.com)