A.M. Best Affirms A+ Rating of North American Company for Life and Health Insurance
Chicago, IL | August 9, 2016
A.M. Best has affirmed the A+ (Superior) rating of North American Company for Life and Health Insurance®, a member company of Sammons® Financial Group. Additionally, the outlook for this rating was called stable.
In its statement, A.M. Best cited Sammons Financial Group's "prominent market positions in the individual life and fixed indexed annuity marketplaces," as well as an investment portfolio that is "considered well-managed and of good credit quality."
In the A.M. Best statement, it was noted that "the group has good financial flexibility and financial leverage and interest coverage ratios well within A.M. Best tolerances for the ratings."
"We are very gratified by A.M. Best's statement," said Esfandyar Dinshaw, Chairman and Chief Executive Officer of Sammons Financial Group. "Our superior rating reflects our commitment to maintaining our obligations to our customers."
A.M. Best is a large third-party independent reporting and rating company that rates an insurance company on the basis of the company's financial strength, operating performance, and ability to meet its obligations to contract holders. A+ (Superior) is the second highest rating out of 15 categories, and was affirmed for North American Company for Life and Health Insurance as part of Sammons Financial Group on July 14, 2016.
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