US Life/Health Industry Six-Month Admitted Assets Up 2.2%

BEST RANKING

Best News & Research Service – October 04, 2024 11:08 AM (EDT)

OLDWICK, NJ //BestWire// – Total admitted assets of the US life/health industry rose 2.2% to $8.93 trillion in the first six months of 2024 compared to the same point in 2023, according to a new Best’s Rankings report.

Prudential of America Group remained on top with a 3.8 percent increase to $551.56 billion in admitted assets, according to the report.

New York Life Group climbed one spot to No. 2 after a 3.2 percent increase to $436.77 billion in admitted assets. It traded spots with No. 3 MetLife Insurance Cos., whose 0.2 percent drop to $413.91 billion in admitted assets was the only decliner among the top 25 insurers.

Massachusetts Mutual Life Group held steady at No. 4 with a 3.7% increase to $395.15 billion in admitted assets. Northwestern Mutual Group rounded out the top five after a 2.8% increase to $368.90 billion in admitted assets.

The ranking measures admitted assets for the first six months of 2024, as well as the percentage change for the entire industry, as well as for the top 25, top 50 and top 100 insurers.

Subscribers can access the report and data here.

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AM Best data comes from Best’s Financial Suite, USA.

(By Anthony Bellano, Associate Editor, Best’s Review: [email protected])