Best’s News & Research Service - July 25, 2025 10:40 AM (EDT)
Best's Rankings: US Term Life in Force Rises 1.6%; RGA Overtakes Swiss Re Life for Top Spot
OLDWICK, N.J. //BestWire// - RGA Group overtook Swiss Re Life Group as the largest insurer of in-force U.S. term life in 2024, according to a new Best's Rankings report.
The industry's U.S. term life in force increased 1.6% to $27.39 trillion last year. RGA's share rose 10.3% to $2.14 trillion.
Swiss Re term life in force rose 3.3% to $2.06 billion, dropping it to No. 2.
Term life in force declined at three of the 10 largest writers, including Prudential of America Group, which slipped one position to No. 6. Munich American Group increased premiums 4% to $1.45 billion to become No. 5.
The ranking includes 2024 term life in force and the percentage change.
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AM Best data sourced from Best’s Financial Suite, US.
(By Renée Kiriluk-Hill, senior associate editor, BestWire: Renee.Kiriluk-Hill@ambest.com)