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U.S. life insurers saw aggregate third-quarter life insurance premiums grow by 3.4% year over year.
The industry's total premiums in the third quarter were $42.35 billion, according to an analysis by S&P Global Market Intelligence. The bulk of the total premiums written are from the individual line of business, which accounted for about 78%, or $33.08 billion in premiums written.
MassMutual's group results have been excluded from the analysis as Massachusetts Mutual Life Insurance Co. filed an amended regulatory statement stating that it reclassified certain corporate-owned...