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FOR IMMEDIATE RELEASE
OLDWICK - SEPTEMBER 16, 2026 09:44 AM (EDT)
Net income for the U.S. life/annuity (L/A) insurance industry remained relatively flat in the first half of 2026 compared with the same prior-year period, according to a new AM Best report.
This financial review is detailed in a new Best’s Special Report, titled, “First Look: Six-Month 2026 US Life/Annuity Financial Results,” and the data is derived from companies’ six-month 2026 interim statutory statements that were received as of Sept. 2, representing an estimated 97% of total industry premiums and annuity considerations.
The L/A industry’s total income decreased 8.1% in first-half 2026 from the same prior-year period as premiums and annuity considerations fell $39.4 billion, predominantly due to a $24.1 billion reduction at Voya Retirement Insurance & Annuity Co., and other income declined $31.1 billion, driven by a $21.5 billion reduction of reserve adjustments on reinsurance ceded at American United Life Insurance Co. Although total expenses for the L/A industry decreased by 8%, they were not enough to offset the income decline, resulting in pretax net operating gain declining by 10.3% to $23.3 billion. A 2.9% reduction in taxes and an 83.1% decline in realized capital losses resulted in a net income of $19.1 billion, which was 1.3% lower than the same period in 2025.
To access the full copy of this special report, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=368697.