5 Biggest Life Insurance Companies in the US

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In this piece, we will take a look at the five biggest life insurance companies in the U.S. For more companies, head on over to 20 Biggest Life Insurance Companies in the U.S.

5. Great-West Lifeco Inc. (OTCMKTS:GWLIF)

Market Capitalization as of November 30, 2022: $22 billion

Great-West Lifeco Inc. (OTCMKTS:GWLIF) is a financial services holding company that offers life insurance, retirement plans, health insurance coverage, and investment services. The firm is headquartered in Winnipeg, Canada.

Great-West Lifeco Inc. (OTCMKTS:GWLIF) suffered from high interest rates in its third fiscal quarter, as the firm’s base and net earnings for all of its business divisions dropped. Additionally, the firm’s bottom line was also impacted by Hurricane Ian, as it had to make payouts to regions that were devastated by the storm. However, Great-West Lifeco Inc. (OTCMKTS:GWLIF)’s Life Insurance Capital Adequacy Test (LICAT) ratio stood at 118%, which met its internal targets.

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