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Best’s News & Research Service - July 19, 2022 12:19 PM (EDT)

Best’s Rankings: US Ordinary Life In Force Increases 3.2% in 2021

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OLDWICK, N.J. //BestWire// - There was a shuffle among the top five writers of U.S. ordinary life insurance in force in 2021, as the industry saw an increase of 3.2% of business in force to $36.02 trillion, according to a new Best’s Ranking.

Prudential of America Group maintained its spot at the top of the rankings, despite a decrease of 0.3%, to $2.42 trillion. Northwestern Mutual Group stayed in the No. 2 spot after an increase of 6.1%, to $2.11 trillion.

RGA Group went up one spot, to third, after a 0.8% increase, to $1.79 trillion. Swiss Re Group had the largest increase in the top 25 and moved up from fifth to fourth — an 18.8% increase at $1.77 trillion.

Scor Life U.S. Group rounded out the top five with $1.70 trillion. It dropped from third to fifth after a decrease of 4.8%.

The AM Best ranking measures 2021 U.S. ordinary life business in force, the percentage change and market rank for 2020 and 2021.

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.

(By Anthony Bellano, associate editor, Best’s Review:

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