Indianapolis, Ind. — Global Atlantic Financial Group’s issuer of annuities and preneed life insurance, Forethought Life Insurance Company, has earned a spot on the 2017 Ward’s 50 list of top life and health insurance companies, the company announced in a press release. This is the eighth consecutive year that the insurer has been included on this list, according to the release.
Ward’s 50 is published annually by Ward Group, an Aon Hewitt company and the leading provider of benchmarking and best practice services for insurance companies.
“We’re honored to once again be among the Ward’s 50 for an eighth consecutive year. We’re always striving to maintain the highest level of business standards and appreciate Ward’s recognition of our approach,” said Robert Arena, president of Global Atlantic’s retail businesses.
Driven largely by sales of fixed and fixed index annuities, Global Atlantic is the fastest growing company in the annuity industry over the last five-year period, based on LIMRA participant reports. No other company with at least $250 million in sales grew faster from the start of 2012 to year-end 2016, according to the press release.
As the company that pioneered preneed life insurance for funeral and memorial planning has expanded into new businesses, it has also retained its roots, as well as the ethics and financial discipline that have established it as a perennial member of the Ward’s 50, the release said. No other preneed carrier has been named to the list each of the last eight years, according to the release.
To be considered for the Ward’s 50 designation, insurance companies must pass minimum thresholds of assets and return levels, among other metrics. Each Ward's 50 company has also passed all safety and consistency screens and achieved superior performance over five consecutive years.
Ward Group has conducted the Ward's 50 analysis for 25 consecutive years based on publicly available data and conducted independently of the Ward Group annual benchmarking programs.
About Global Atlantic
Global Atlantic Financial Group, through its subsidiaries, offers a broad range of retirement, life and reinsurance products designed to help our customers address financial challenges with confidence. A variety of options help Americans customize a strategy to fulfill their protection, accumulation, income, wealth transfer and end-of-life needs. In addition, Global Atlantic offers custom solutions and responsive service for the capital, risk and legacy-business management of life and annuity insurance companies around the world.
Global Atlantic was founded at Goldman Sachs in 2004 and separated as an independent company in 2013. Its success is driven by a unique heritage that combines deep product and distribution knowledge with insightful investment and risk management capabilities, alongside a strong financial foundation of over $45 billion in assets.Posted 10/10/2017