Best’s News & Research Service - June 13, 2025 10:28 AM (EDT)
Best's Rankings: US Life/Health Three-Month Admitted Assets Drop Slightly
OLDWICK, N.J. //BestWire// - The total U.S. life/health industry's admitted assets fell by 0.2% to $9.21 trillion in the first three months of 2025, according to a new Best's Rankings report.
Prudential of America Group maintained its perch atop the rankings despite a 1% drop to $562.21 billion, according to the report. Its net premiums written fell 57.8% in the past 12 months to settle at $11.29 billion. It was the largest drop among the top 10 companies.
New York Life Group saw the largest increase in NPW among the top 10 companies, a 45.7% leap to $13.73 billion. It held onto the No. 2 spot with $453.98 billion in admitted assets, a 1.6% jump. MetLife Insurance Cos. was in the No. 3 spot as its admitted assets remained flat at $414.85 billion.
Northwestern Mutual Group was the only newcomer to the top five. It assumed the No. 5 spot with $382.31 billion in admitted assets, a 1% increase. It passed TIAA Group, which dropped to No. 6 with $368.88 billion in admitted assets, up 0.2% from last year. TIAA’s assets are significantly understated. Most of its separate account assets are in its affiliate, CREF.
The ranking measures admitted assets, percent change, separate account assets, net premiums written, the 12-month percent change, after-tax net operating gain, realized gains/losses, C&S + AVR, 3-month percent change and adjusted C&S + adjusted liability for the top 25, top 100 and the total industry.
Subscribers to Best’s News and Research Service can download the report at no charge, including data in spreadsheet format.
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)