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U.S. Life Insurance Activity Losses Slow in February
Reports the MIB Life Index

Braintree, MA. (March 6, 2018) —Early year declines in U.S. life insurance application activity continued in February off -2.4%, year-over-year; however, moderating from January's -4.4% decline, according to the MIB Life Index. Looking back, after two years of very solid gains in 2015 and 2016, the composite Life Index started weakening in Q3 2016 and has yet to show a firm correction from the downturn. For the year, the MIB Life Index is off -3.5%YTD. February’s activity was up 4.1% from that of January.     

U.S. life insurance application activity was off across all age groups with the younger ages a bit more resilient to the downturn. Application activity ages 0-44 were off -1.8%, activity ages 45-59 were off -3.5%, and activity ages 60+ were off -2.7%. The 0-44 age group led in 2017, gaining ground in the year’s final two quarters up 0.2% and 1.6%, respectively and finishing the year just below par, off -0.7%YTD.

MIB’s CEO comments on the 2017 industry in our MIB Life Index Year-in-Review video (http://wi.st/2CejeJq). Download the 2017 MIB Life Index Annual Report at no charge by registering at the Enhanced Life Index Portal: www.mibsolutions.com/regLI or login at https://portal.mibsolutions.com/welcome.


Monthly Percent Change
Composite Index

Feb-18 -2.4%
Jan-18 -4.4%
Dec-17 1.0%
Nov-17 1.2%
Oct-17 -0.2%
Sep-17 -0.6%
YTD - 2018
YTD - 2017
Q4 - 2017
Q3 - 2017
Q2 - 2017
Q1 - 2017


U.S. Monthly Percent
vs Prior Month


% Change
Age Groups



Feb- 18
Jan- 18
YTD 2017
Dec - 17
Nov - 17
Oct - 17
Sep - 17

About the MIB Life Index
The MIB Life Index is the life insurance industry's timeliest measure of application activity in the United States. Released to the media each month, the Index is based on the number of searches MIB life member company underwriters perform on the MIB Checking Service database. Since over 90% of life insurance applications in North America include an MIB search, as a routine underwriting requirement, the MIB Life Index provides a reasonable means to estimate new business activity.  For past releases, methodology or to subscribe visitwww.mib.com/lifeindex.

About MIB
MIB is the life and health insurance industry’s most trusted and secure resource for data-driven risk management services that protect the financial integrity of its members and address their evolving needs. Owned by its members, MIB is uniquely positioned to securely collect and analyze confidential data. MIB services help to detect fraud, errors and omissions on insurance applications; to analyze industry data needed to manage a variety of financial risks; and to make regulatory reporting compliance less onerous and more efficient. As the life insurance industry’s first statistical agent, our MIB Solutions, Inc. subsidiary cost-effectively performs annual data calls for those insurers subject to principles-based reserving. MIB Group, Inc., a membership corporation, provides services through its wholly-owned operating subsidiaries, MIB, Inc. and MIB Solutions, Inc.  For more information, visit www.mibgroup.com.


Contact: David O. Aronson, MIB Group, Inc., 781-751-6330, daronson@mib.com





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