Best’s News & Research Service - July 25, 2025 11:08 AM (EDT)
Best's Rankings: US Ordinary Life In Force Decreased 0.2% in 2024
OLDWICK, N.J. //BestWire// - U.S. ordinary life business in force decreased 0.2% in 2024 to $37.72 trillion, according to a new Best’s Rankings report, as Northwestern Mutual Group moved into the top spot on the list.
Northwestern Mutual reported $2.39 trillion in ordinary life business in force at the close of 2024, an increase of 3.4% from the prior year. Prudential of America Group, which held the No. 1 spot a year earlier, took second place with $2.31 trillion of ordinary life business in force, a decline of 0.5%.
RGA Group moved up one place to No. 3, with $2.16 trillion in force showing a rise of 10.2% from the 2023 ranking, according to the report.
Swiss Re Life Group moved down one spot to fourth place even as its $2.06 trillion of ordinary life business in force in 2024 was up 3.2%. Scor Life US Group rounded out the top five with $1.62 trillion in force, down by 1.2% compared with the prior year, according to the report.
The report lists the top 100 companies or groups, along with their ranking in 2023 and 2024, their policies in force in 2024 and the percentage change over the year.
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)