US life/annuity net income increases by more than 50%: AM Best
June 22, 2022 by Jack Willard
According to a new AM Best report, US life/annuity industry net income increased more than 50%, compared to the same period from last year.
The report also showed that the US life/annuity industry’s total income rose 3.9%, from the prior year period, with a 2.7% increase in premiums and annuity considerations, and an 8.6% increase in net investment income being the main drivers for the rise.
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Originally Posted at Reinsurance News on June 16, 2022 by Jack Willard.
Categories: Industry Articles