LIMRA: U.S. Life Insurance Policy Sales Increased 4% in First Quarter 2023, Driven by Small and Mid-Size Carriers
June 08, 2023
June 08, 2023
WINDSOR, Connecticut, June 8 (TNSres) -- LIMRA issued the following news release on June 7, 2023:
Total U.S. retail life insurance new annualized premium fell 7% in the first quarter 2023 to $3.75 billion, yet the number of policies sold increased 4% from the prior year. This represents the highest policy sales growth since the second quarter 2021, during the height of the pandemic sales surge.
"Sixty-one percent of the total policy growth was from whole life and t . . .
Total U.S. retail life insurance new annualized premium fell 7% in the first quarter 2023 to $3.75 billion, yet the number of policies sold increased 4% from the prior year. This represents the highest policy sales growth since the second quarter 2021, during the height of the pandemic sales surge.
"Sixty-one percent of the total policy growth was from whole life and t . . .