Best’s News & Research Service - March 21, 2025 10:42 AM (EDT)
Best's Rankings: US Life/Health Admitted Assets Grow 6.3% in 2024
OLDWICK, N.J. //BestWire// - The total U.S. life/health industry’s admitted assets of $9.2 trillion at the end of 2024 were up 6.3% from the prior year, according to a new Best's Rankings report.
Prudential of America Group topped the list of insurers by admitted assets 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 $447.18 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.
Athene US Life Group, which held the No. 12 position on the list with $280.88 billion in admitted assets, registered the largest growth in the top 25 carriers listed. Its admitted assets grew by 36.6% during the period, according to the ranking.
The 14−page AM Best ranking measures admitted assets as of Dec. 31, 2024, 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)