This section will provide you the stability and ratings for LifeCo’s “core companies”. We constantly strive to provide you, the agent, financially strong companies that both you and your client can rely upon. For this reason, we review new products and insurance companies each week. Simply click one of the links below to view the financial strength of the company in which you are interested.
Allianz Life Insurance Company of North America
As of 12/01
Allianz Life is a member of the Allianz Group, an international insurance organization with its headquarters in Munich, Germany. The Allianz Group is one of the leading financial enterprises in the world, with total assets under management exceeding $1.1 trillion and gross annual premium exceeding $67 billion. Allianz Life Insurance Company of North America has its headquarters in Minneapolis, MN and markets a wide variety of financial products to individuals and corporate customers.
Financials and Ratings:
A.M. Best: A++ (Top Rating out of 16 possible ratings)
Over $23 Billion of Assets (as of 12/2001)
79% Bonds
6% Mortgage Loans
5% Stocks
3% Real Estate
3% Cash and Short Term
2% Options
2% Other
AmerUS Life Insurance Company
As of 1/2003
AmerUs Life Insurance Company is a member of AmerUs Group, Co. and was incorporated in 1896 under the name of Central Life Assurance Company. On June 30, 1996, AmerUs Life Insurance Company adopted its current name from the previously held name of American Mutual Life Insurance Company.
Financials and Ratings:
A.M. Best: A (Excellent)*
Over $4.6 Billion of Assets (as of 12/2001)
72.1% Total Bonds
11.0% Stocks
6.6% Policy Loans
5.9% Mortgage Loans
4.1% Other Invested Assets
0.4% Cash and Short-Term
*A.M. Best's rating of "A" (Excellent) is the third highest of its 15 rating classes measuring an insurer’s ability to meet policyholder obligations. A.M. Best's 15 rating classes range from "A++ (Superior) to "F".
Assurity Life Insurance Company
Assurity Life Insurance Company is a wholly owned subsidiary of Woodmen Accident and Life Company of Lincoln, Nebraska and is a member of the Lincoln Insurance Group. Woodmen was established in 1890 and has enjoyed a reputation of excellence for more than 112 years. Both Assurity and Woodmen have an A- (Excellent) rating from AM Best, independent insurance industry analysts.
Lincoln Insurance Group Consolidated Financials
Over $1 billion of Assets (as of 12/31/2001)
Financials and Ratings:
72.0% Bonds
11.4% Surplus and Asset Valuation Reserve to Total Admitted Assets
Source: Lincoln Insurance Group 2001 Annual Report. The above numbers as a group are unaudited. As such, no independent certified accounting firm has reviewed these numbers on a consolidated basis.
A.M. Best’s rating of A- (Excellent) for Assurity, and all members of the Lincoln Insurance Group, reflects sound management practices, favorable investment returns, and low net cost to policyowners. A.M. Best, uses 15 rating categories ranging from A++ to F.
Fidelity & Guaranty Life Insurance Company (F&G Life)
As of 6/2002
Fidelity & Guaranty Life Insurance Company - headquartered in Baltimore, Maryland - offers a diverse portfolio of annuities and life insurance products to help families and businesses achieve secure financial futures.
Incorporated in 1959, they are licensed in 49 states and in the District of Columbia. In New York, products are available through a wholly owned subsidiary, Fidelity & Guaranty Life of New York.
F&G Life is a member of the Old Mutual plc group of companies. Founded in 1845, the London based Old Mutual is active in life insurance, asset management, banking, and property and casualty insurance. Old Mutual maintains its primary listing on the London Stock Exchange (LSE: OML) and ranks as a FTSE 100 financial services group.
As one of the first members of the Insurance Marketplace Standards Association, F&G Life subscribes to a strict set of standards that confirms their commitment to honesty, fairness, and integrity in every aspect of the sales and service of life and annuity products..
Financials and Ratings:
A.M. Best: A
$7.257 Billion of Assets (as of 6/2002)
81% Investment Grade Bonds (NAIC Class 1-2)
9% High Yield Bonds (NAIC Class 3-6)
2% Mortgage Loans
3% Other
5% Short-Term
A.M. Best rating of "A" (Excellent) is the third in a rating scale of 15 ranging from "A++ (Superior) to "F".
ING USA Annuity
As of 5/17/00
USG Annuity & Life Insurance Company is a subsidiary of ING Group and adopted the name ING USG Annuity in 1997 to coincide with its legal brand name. USG Annuity & Life started operations in 1988 and offers quality life insurance, annuities, and other financial services. ING USG Annuity is a member of the Insurance Marketplace Standards Association (IMSA).
Financials and Ratings:
A.M. Best: A+
$7 Billion Total Assets Under Management (as of 12/31/00)
64.52% Bonds
88.94% Investment Grade (as of 12/31/00)
9.48% Other
1.58% Government and Agencies
25.35% Mortgage Loans
8.02% High Yield Corporate Bonds
.66% Common Stock
.46% Policy Loans
.44% Other
.55% Cash
Financials and Ratings: A+ (Superior) - A.M. Best Co. (as of June 2002)
(Rating is the second-highest step on a 16-step scale.)
“The A+ rating is assigned to companies which have, on balance, superior financial strength, operating performance and market profile when compared to the standards established by the A.M. Best Company. These companies, in our opinion, have a very strong ability to meet their ongoing obligations to policyholders.”
Indianapolis Life Insurance Company
As of 2/2002
Indianapolis was founded in 1905 and is a subsidiary of AmerUS Group Co., an Iowa corporation located in De Moines, IA. AmerUS Group is the publicly-owned holding company for its life insurance and annuity companies, which market and distribute a full range of life insurance and annuity products.
Financials and Ratings:
A.M. Best: A
Over $1.9 Billion of Assets (as of 2/2002)
95.2% Rated Investment Grade
8.48% Mortgage Loan Portfolio Yield
7.84% Best’s Ordinary Lapse Ratio
7.54% Mortgage Loan Portfolio Yield
8.21% Adjusted Surplus to Asset Ratio
A.M. Best rating of "A" (Excellent) is the third in a rating scale of 15 ranging from "A++ (Superior) to "F".
A.M. Best Company A+ (Superior)
(2nd of 15 categories A++ to F)
Fitch Ratings AA+ ( Very strong)
(2nd of 24 categories AAA to D)
Moody’s Aa3 (Excellent)
(4th of 21 Categories Aaa to C)
Standard & Poor’s AA (Very Strong)
(3rd of 21 categories AAA to D
(1)Ratings of the A.M. Best Company, Fitch Ratings, Moody's Investors Service, and
Standard & Poor's reflect the current opinion of the relative financial strength
and operating performance of the AEGON member insurance companies as of the
following effective dates.
A.M.
Best Company:
May 13, 2005 Fitch
Ratings: December 10, 2003 Moody's
Investors Service: December 23, 2003 Standard
& Poor's: April 8, 2003
Ratings criteria and rankings can vary by rating company. Copies of rating
reports are available from each insurance company upon request.
West Coast Life Insurance Company
As of 2/2/2000
West Coast Life was founded in 1906, merged with San Francisco Life in 1915 and was incorporated as West Coast-San Francisco Life. The present company name was adopted in 1920. West Coast Life is a wholly-owned subsidiary of Protective Life Insurance Company.
Financials and Ratings:
A.M. Best: A+
Over $1.2 Billion of Invested Assets (as of 3/31/2000)
71.56% Bonds
16.04% Mortgages
2.04% Policy Loans
6.84% Cash & Short Term
3.22% Other
0.08% Stocks
0.03% Real Estate
