WEST DES MOINES, Iowa — A.M. Best Company, a global rating agency focused on the insurance industry, announced that it has affirmed Homesteaders Life Company’s financial strength rating of A- (Excellent) with a stable outlook, Homesteaders announced in a prepared release.
“We take very seriously the promises we make to our customers and maintain a financial discipline that ensures we are well positioned to honor those promises today, tomorrow and well into the future,” said Homesteaders Executive VP-CFO Steve Pick. “The A.M. Best affirmation represents a significant vote of confidence in our financial management philosophy and our ability to honor those promises.”
Pick added that 2016 was a solid year for the company, characterized by continued growth in assets, surplus and sales production.
“We are proud to be the preferred funding provider for thousands of funeral professionals across the country, customers who know they can rely on us as a committed partner in safe, reliable pre-need funding,” said Homesteaders Chairman, President and CEO Steve Lang. “We are pleased A.M. Best continues to recognize the success of our efforts.”