{"id":1931,"date":"2025-08-21T14:00:26","date_gmt":"2025-08-21T14:00:26","guid":{"rendered":"http:\/\/www.xinetica.com\/?p=1931"},"modified":"2025-08-21T14:29:44","modified_gmt":"2025-08-21T14:29:44","slug":"am-best-data-highlights-strong-life-reinsurer-performance-in-2024","status":"publish","type":"post","link":"http:\/\/www.xinetica.com\/index.php\/2025\/08\/21\/am-best-data-highlights-strong-life-reinsurer-performance-in-2024\/","title":{"rendered":"AM Best data highlights strong life reinsurer performance in 2024"},"content":{"rendered":"

Reinsurance Group of America (RGA) is the world\u2019s largest reinsurer focused solely on life reinsurance and ranks third overall among companies that also write non-life reinsurance, based on AM Best\u2019s full-year 2024 data for firms reporting under non-IFRS 17.<\/p>\n

\"LifeIn AM Best\u2019s Top Global Reinsurance Groups rankings<\/a>, RGA rose from fourth place in 2023 to third in 2024 by gross premiums written, reaching $15.6 billion compared with $14.3 billion the year prior.<\/p>\n

While RGA\u2019s premiums increased year over year, Swiss Re\u2019s shift from non-IFRS 17 to IFRS 17 reporting was a key factor in its move up the rankings. As a result, Swiss Re now holds the top spot in overall reinsurance revenue<\/a>, surpassing Munich Re at year-end 2024.<\/p>\n

It is important to note that Berkshire Hathaway Inc., which holds the top position for companies reporting under non-IFRS 17<\/a>, and Lloyd\u2019s, which ranks second, as well as the big for European reinsurers, all write life and non-life reinsurance. Whereas, among pure life reinsurers, RGA remains in the leading spot.<\/p>\n

Canada Life Re, predominantly a life reinsurer but also offering P&C solutions, reported $3.4 billion in revenue in 2024, placing it eighth among IFRS 17 reporters. In 2023, the firm’s revenue hit $3.6 billion, putting it in seventh place for IFRS 17 reporters.<\/p>\n

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Meanwhile, pure life reinsurer Pacific LifeCorp held steady in 14th place among non-IFRS 17 reporters, with total premiums of $2.8 billion in 2024, down from $3.2 billion in 2023.<\/p>\n

Our Top Global Reinsurance Groups directory<\/a> is based on AM Best research and ranks companies according to full-year 2024 performance.<\/p>\n

The post AM Best data highlights strong life reinsurer performance in 2024<\/a> appeared first on ReinsuranceNe.ws<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Reinsurance Group of America (RGA) is the world\u2019s largest reinsurer focused solely on life reinsurance and ranks third overall among […]<\/p>\n","protected":false},"author":1,"featured_media":1933,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[14],"tags":[],"_links":{"self":[{"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/posts\/1931"}],"collection":[{"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/comments?post=1931"}],"version-history":[{"count":3,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/posts\/1931\/revisions"}],"predecessor-version":[{"id":1935,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/posts\/1931\/revisions\/1935"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/media\/1933"}],"wp:attachment":[{"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/media?parent=1931"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/categories?post=1931"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.xinetica.com\/index.php\/wp-json\/wp\/v2\/tags?post=1931"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}