Best’s Special Report: Preliminary 2018 Results Show Total Income for U.S. Life/Annuity Industry Up 8.5%
March 21, 2019 by AM Best
Oldwick – The U.S. life/annuity industry’s total income for year-end 2018 increased 8.5% from the prior year, attributable to $54.1 billion increase in other income that offset modest increases in premium and annuity considerations and net investment income, according to an AM Best analysis.
These preliminary financial results are detailed in a new Best’s Special Report, titled, “First Look – 2018 U.S. Life/Annuity Financial Results,” and the data is derived from companies’ annual statutory statements that were received by Mar. 14, 2019, representing an estimated 93% of total industry premiums and annuity considerations.
Click HERE to read the full article via A.M. Best.