U.S. life insurance application activity declined in February 2022 compared to February 2021, with Year-over-Year (YOY) activity down -3.8%, representing the third consecutive month with YOY declines. On a Year-to-Date (YTD) basis, activity is down -4.3%. However, when taking a historical lookback, comparing February 2022 activity to the same month in 2020 and 2019, YOY growth was +3.2% and +4.8% and YTD growth was +1.0% and +2.3%, respectively. On a Month-over-Month (MOM) basis, February showed improvements, posting the second consecutive MOM gain with +7.0% activity.
Publication Date: 8 Mar 2022
Publication Site: MIB Group