US life/health 2022 six-month admitted assets decrease by 6.1%

Written by Adam Cadle

07/10/2022

The total US life/health industry’s admitted assets of $8.1bn at the midpoint of 2022 represents a 6.1% drop compared with the same point in 2021, according to a new Best’s Rankings report.

Prudential of America Group held onto the top spot in the ranking, despite posting a 10.1% decrease during the period to $503.6bn. MetLife Insurance Cos., which retained the No. 2 position from a year earlier, also posted a drop with a 7.5% decrease to $426.9bn in admitted assets.

Athene US Life Group, which climbed to 18th from 22 a year earlier, notched the largest gain among the top 25 with its $165.9bn in admitted assets up by 11.5% compared to 2021. No. 9 ranked Jackson National Group saw the largest drop among the top 25 on percentage basis, with its $271.5bn down 15.7% from a year earlier.

The AM Best ranking measures admitted assets at the midpoint of 2022, as well as the change on a percentage basis.

There are no related documents to show at this time.

Portfolio optimisation in today’s challenging market environment

Adam Cadle speaks to Dr Laura Ryan, Head of Research at Ardea Investment Management, about the firm’s insurance asset allocation optimisation tool and the reasons for developing it

The role ETFs can play in the ESG journey for insurers

Justin Wheeler, Head of UK iShares Asset Owner Distribution at BlackRock, and Mark Guirey, Head of EMEA Insurance Segment and UK Asset Owner Client Coverage at MSCI, discuss the drivers behind growth in this area, market reactions to COVID-19, and the role of indexing