Best’s News & Research Service - October 01, 2021 11:03 AM (EDT)
2021 Best’s Rankings: US Life/Health – Industry’s Six-Month Admitted Assets Increased by 3.7%
OLDWICK, N.J. //BestWire// - The total U.S. life/health industry’s admitted assets at the six-month point of 2021 were up 3.7% over the previous year’s period to $8.45 trillion, according to a 2021 Best’s Rankings report.
Prudential of America Group led the list of life/health insurers with the largest total of admitted assets at $687.64 billion, up 1%. Second-ranked MetLife Insurance Cos. had a similar 1% gain with $460.50 billion in admitted assets at the halfway point.
Lincoln Financial Group, which ranked No. 7 on the list, posted the largest year-over-year increase of the top 20, with its $334.54 billion in admitted assets up 6.2%. None of the top 15 insurers posted a negative change.
The AM Best ranking measures admitted asset at the six-month point, as well as the change on a percentage basis.
Subscribers can access the report and data here.
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(By Terrence Dopp, senior associate editor, Best’s Review: Terry.Dopp@ambest.com)