U.S. Life Insurance Q4 2024 Earnings Recap
The fourth quarter of 2024 proved to be generally positive for the ten largest life insurers in the U.S., with most companies reporting higher year-over-year revenues. Only one company reported a net loss.
Revenue increased year over year for six of the top ten life insurers during the fourth quarter.
Furthermore, eight of the top ten companies experienced a year-over-year decrease in fourth-quarter expenses. Jackson Financial saw the most significant drop, with expenses falling by approximately $3 billion.
