Best’s News & Research Service - August 15, 2025 10:31 AM (EDT)
Best's Rankings: US Life/Health Industry’s Net Yield On Invested Assets Increased to 4.48%
OLDWICK, N.J. //BestWire// - The U.S. life/health industry’s net yield on invested assets increased to 4.48% in 2024 from 4.24% the previous year, according to a 2025 Best’s Rankings report on asset distribution.
All told, the industry had $9.25 trillion in invested assets, with the top 25 accounting for $6.76 trillion of that total for 2024, according to the report. Prudential of America Group retained the top spot in the rankings with $568.19 billion in admitted assets. The company posted a net yield of 3.30% in 2024, down from 3.84% in the prior year, according to the ranking.
New York Life Group held onto its No. 2 spot with $446.99 billion in admitted assets and a yield of 4.3%, according to the data. MetLife Insurance Cos. rounded out the top three with $414.85 billion in assets and a net yield of 4.77% in 2024, down from 4.9% in 2023, according to the data.
The only movement among the top 10 was No. 5 Northwestern Mutual Group, which moved up one position from the prior year with its $378.45 billion in assets and its net yield up 4.43%, slightly better than the 4.4% registered in 2023. TIAA Group moved down one spot to sixth, with admitted assets of $367.98 billion and a net yield of 4.43%, a rise from the 4.28% it posted the prior year.
The report ranked the top 100 U.S. life/health insurers by total admitted assets. It included net yield on invested assets and asset data for bonds, stocks, mortgages, real estate, contract loans, cash & short term investments, separate accounts and other assets for each of those insurers, along with industry totals.
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)