Source: https://openai.com/dall-e-2/
RealRate’s 2023 ranking for U.S. Life Insurance has just been released! The results, which are sorted by financial strength, can be seen below.
The Top 10 Life Insurance companies are as follows:
Source: https://news.realrate.ai/rankings/
The top 3 companies in order are UTG Inc, Primerica Inc., and Texas Republic Capital Corp. They have economic Capital Ratio figures of 24.77%, 6.27%, and 5.07% respectively.
UTG and Primerica did well due to their strong Other Assets scores and Texas Republic Capital due to its superior Mortgage Loans on Real Estate figure.
UTG continued its upward trend, moving up from 5th to 2nd to 1st in the last 3 rankings. Primerica has also moved up, from 12th to 9th to 2nd. Texas Republic Capital has also done well in recent years, moving up from 20th to 3rd between 2022 and 2023.
From a total of 19 companies, 4 received our ‘Top Rated’ award.
Source: https://news.realrate.ai/rankings/
Source: https://news.realrate.ai/rankings/
The next companies in the ranking are as follows:
Source: https://news.realrate.ai/rankings/
The U.S. life insurance market is a $1 trillion market with over 260 million life insurance policies currently active in the United States. They are provided with both term life insurance and annuities.
High financial strength is the most important key figure for customers overall, ensuring profitable insurance products and minimal risk of default.
The superb thing about RealRate is that we deliver fair and independent ratings, coupling expert knowledge with innovative artificial intelligence. It is the AI model that computes the all-important Economic Capital Ratio figure.
Looking at our AI in more detail, it is completely unbiased and uses only audited public data. We are fair and explainable and avoid any conflicts of interest.
It is a win all around and for us, it is extremely exciting stuff.
