Best’s News & Research Service - December 06, 2024 11:09 AM (EST)
Best's Rankings: US Life/Health Nine-Month Admitted Assets Up 5.8%
OLDWICK, N.J. //BestWire// - The total U.S. life/health industry’s admitted assets of $9.23 trillion nine months into 2024 were up 5.8% in that period, according to a new Best’s Rankings report.
Prudential of America Group held onto the top spot in the ranking, with an increase of 7.3% during the period to $570.12 billion in admitted assets, according to the data. New York Life Group took the second-place spot with its $444.52 up by an even 5%.
MetLife Insurance Cos. came in at No. 3, with admitted assets of $416.62 billion at the nine-month mark, up by 0.5% over the nine months.
Athene U.S. Life Group, which took the No 12 spot on the list, posted the largest increase among the top 25 carriers, with $284.67 billion in admitted assets up by 17.3%, according to the report.
The 14−page AM Best ranking measures admitted assets at the midpoint of 2023, as well as the change on a percentage basis.
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)