Best’s News & Research Service - October 04, 2024 11:08 AM (EDT)
Best's Rankings: US Life/Health Industry's Six-Month Admitted Assets Increase by 2.2%
OLDWICK, N.J. //BestWire// - The total U.S. life/health industry’s admitted assets rose 2.2% to $8.93 trillion for the first six months of 2024, compared with the same point in 2023, according to a new Best’s Rankings report.
Prudential of America Group remained atop the ranking with a 3.8% increase to $551.56 billion in admitted assets, according to the report.
New York Life Group moved up one spot to No. 2 after a 3.2% increase to $436.77 billion in admitted assets. It traded spots with No. 3 MetLife Insurance Cos., whose 0.2% decrease to $413.91 billion in admitted assets was the only drop among the top 25 insurers.
Massachusetts Mutual Life Group held steady at No. 4 with a 3.7% increase to $395.15 billion in admitted assets. Northwestern Mutual Group moved into the top five after a 2.8% increase to $368.90 billion in admitted assets.
The ranking measures admitted assets for the first six months of 2024, as well percent change for the total industry, as well as the top 25, top 50, and top 100 insurers.
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 Anthony Bellano, associate editor, Best's Review: anthony.bellano@ambest.com)