Source: https://openai.com/dall-e-3/
The results for RealRate’s 2024 ranking for the U.S. Life Insurance industry are in and are ranked, as ever, by financial strength!
The Top 10 Life Insurance companies are as follows:
Source: https://realrate.ai/rankings/
The top 3 Life Insurance companies in order are UTG Inc., Atlantic American Corp., and National Western Life Group Inc.
They had Economic Capital Ratio figures of 24%, 18%, and 13%, respectively.
All 3 companies did well due to strong Other Assets, Premiums Earned, and Debt Securities figures, respectively, increasing the companies’ Economic Capital Ratio scores by 23, 47, and 19 percentage points, also respectively.
UTG retain its top spot from 2023 so very well done there! Atlantic American retain its 2022 top spot after not appearing in the 2023 ranking. National Western Life Group went up 3 places from 2023 to take 3rd spot. Well done to all!
From a total of 20 Life Insurance companies, just 5 received our sought after ‘Top-Rated’ award.
Source: https://realrate.ai/rankings/
Source: https://openai.com/dall-e-3/
The next 10 Life Insurance companies are as follows:
Source: https://realrate.ai/rankings/
The American life insurance sector is a major industry, generating over $1 trillion in premiums in 2023.
Companies like MetLife, Prudential, and New York Life dominate the market. The sector includes life, annuity, and health insurance products, catering to individuals and businesses for financial protection.
The impressive thing we do at RealRate is to deliver utterly fair and independent company ratings, bringing together expert knowledge and innovative artificial intelligence in one package.
Our AI model computes the all-important Economic Capital Ratio figure.
Looking at our model in more detail, one can see it is very much unbiased and only uses audited public data. We are not part of any life insurance company.
We are fair, explain ourselves very well and we also avoid any all-important conflicts of interest.
