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US Life/Annuitant Market Posts 16% Increase in Total Revenues: AM Best


US Life/Annuitant Market Posts 16% Increase in Total Revenues: AM Best

In the first three months of 2024, total revenues in the U.S. life and annuity insurance market rose 16% to $303.2 billion, compared to $261.4 billion a year earlier, according to ratings agency AM Best. This significant increase is due to a 20.5% increase in premiums and pension payments, a 43.6% increase in other income […]