US life premiums grow 6.6% in Q1 as pandemic demand spike retains vigor

June 22, 2022 by Tyler HammelKris Elaine Figuracion

With the demand for insurance growing in the wake of the COVID-19 pandemic, U.S. life insurers saw year-over-year growth of 6.6% in direct premiums during the first quarter of 2022 compared to the same period last year.

Individual and group direct premiums combined amounted to $52.26 billion in the first quarter of 2022, an increase from $49.01 billion from the prior-year period. 

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Originally Posted at S&P Global Market Intelligence on June 17, 2022 by Tyler HammelKris Elaine Figuracion.