Best’s News & Research Service - August 08, 2025 10:24 AM (EDT)
Best's Rankings: US Group Comprehensive Hospital & Medical Increased 4.3% in 2024
OLDWICK, N.J. //BestWire// - U.S. group accident and health industry's comprehensive hospital & medical contracts increased 4.3% in 2024 to $45.16 billion, according to a new Best Rankings report.
None of the industry's top five carriers changed rankings from the prior year, according to the report.
UnitedHealth Life Cos., which topped the list, reported accident and health contracts rose 0.6% from the prior year to $19.24 billion. Cigna Life Group took second place with $15.63 billion in contracts up by 10.5%, according to the report.
Great-West Life Group, which rose to the No. 17 spot from No. 19 the prior year, posted the largest percentage increase among the top 25 carriers in 2024 with its $9.4 million in accident & health contracts up by 80.7%, according to the report.
Humana Life Cos. dropped to No. 16 from the eighth position with $12.5 million, down by 86.3%, in the largest drop among the top 25 carriers.
The report ranks carriers in 2023 and 2024, and includes their total accident & health contracts as well as percent changes.
Subscribers can access the report and data here.
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AM Best data sourced from Best’s Financial Suite, US.
(By Terrence Dopp, senior associate editor, Best’s Review: Terry.Dopp@ambest.com)