Investors Heritage Life Insurance Co. was ranked the fastest-growing U.S. life insurer with a Life and Annuity focus in 2018, based on total-filed life, annuity and accident and health direct premiums, according to a new report from S&P Global.
Companies were ranked based on both direct and net business volumes, subject to prior-year writings of at least $1 million and growth sales in both metrics of at least 25%. Another qualification was that companies also must have at least 25% growth in direct first-year and single premium business as a measure of new production to be considered.
“We are honored to be recognized for the thoughtful work of our talented people in creating products and solutions to give our clients trust and comfort when they need it most,” said Rob Hardy, Investors Heritage CEO. “Our commitment to service and our strength of product position us well for continued, sustainable growth and we look forward to building on the momentum this ranking highlights.”
Investors Heritage also ranked as the sixth fastest-growing U.S. life insurer overall by total-ﬁled life, annuity, and accident and health direct premiums, on volume of more than $105.2 million and growth of 101% year over year. The company ranked as the seventh fastest-growing U.S. life insurer by direct ﬁrst-year and single premiums and considerations, on volume of $90.9 million and growth of 145% year over year.