Best’s News & Research Service - July 16, 2021 10:53 AM (EDT)
2021 Best’s Rankings: US Group Life Issued Increased 10.5%
OLDWICK, N.J. //BestWire// - The value of group life insurance policies issued for the total U.S. life/health industry increased 10.5% to $1.43 trillion, according to a new Best’s Rankings.
The ranking found for the top 100 U.S. group life writers, the value increased 10.5% to $1.43 trillion in 2020.
There was movement among the top 10 companies in the rankings. Hartford Life & Accident Insurance Co., remained the leader with a 68% rise in group life issued valuation to $322.7 billion. The biggest drop in the top 10 was Prudential of America Group, which fell from No. 7 to No. 8 in the rankings with a 23.2% drop in group life issued to $54.6 billion.
The AM Best ranking measures group life issued for 2020 and the percentage change.
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(By Frank Klimko, Washington correspondent, BestWeek: Frank.Klimko@ambest.com)