Life insurance new premium surges 8% in third quarter, LIMRA finds
November 15, 2024 by Staff Reports
Total new annualized premium jumped 8% to $3.9 billion in the third quarter 2024, according to preliminary results from LIMRA’s retail individual life insurance sales survey.
The number of policies sold rose 3% year over year in the third quarter. Year to date, new premium topped $11.6 billion, up 2% over the prior year’s results. In the first nine months of 2024, policy count is up 1%.
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Originally Posted at InsuranceNewsNet on November 14, 2024 by Staff Reports.
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