Best's Rankings: First-Quarter Life/Health Admitted Assets Down as NPW Declines 15.3%
OLDWICK, N.J. //BestWire// - U.S. life/health admitted assets declined 0.3% in the first quarter of 2026 to $9.71 trillion as net premiums written fell 15.3% to $190.12 billion, according to a new Best's Rankings report.
Admitted assets decreased for half of the industry's 10 largest life/health groups, including No. 1 Prudential of America Group, at the close of the quarter.
Prudential's admitted assets were down 0.9% to $600.63 billion. Its net premiums written increased over the past 12 months by 9.6% to $12.37 billion. Conversely, No. 2 New York Life Group's admitted assets rose 1.2% to $485.71 billion while its NPW decreased 17.6% over the year to $11.31 billion.
No. 10 Jackson National Group's admitted assets decline was the steepest among the largest writers at 3.7%, to $302.15 billion while NPW rose 39.8% from the prior year to $5.94 billion.
Admitted assets also edged down at No. 4 Massachusetts Mutual Life Group, No. 7 Corebridge Financial and No. 9 Lincoln Financial Group.
The Best's Rankings is based on submissions from affiliated and unaffiliated U.S. companies and licensed foreign insurers that submitted three-month statutory statements to AM Best by June 9.
The report on U.S. writers’ three-life/health 2026 financial results include admitted assets, separate account assets, NPW and 12-month percent change, after-tax net operating gain, realized gains/losses and capital and surplus plus asset valuation reserves with 3-month percent and adjusted C&S/adjusted liability percent.
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Subscribers can access the report and data here.
AM Best data sourced from Best’s Financial Suite, US.
(By Renée Kiriluk-Hill, senior associate editor, BestWire: Renee.Kiriluk-Hill@ambest.com)