Companion Life earns A+ Ffnancial strength rating for the 21st consecutive year
January 12, 2023
AM Best has recognized Companion Life Insurance Company once again with a rating of A+. AM Best is the largest independent credit rating agency in the world and specializes in the insurance industry. This is the 21st consecutive year Companion Life has received an A+ rating.
“Companion Life’s financial strength and innovative risk strategy are key to the company’s success. We are proud this has been continuously recognized by AM Best,” said John Wilbur, president of Companion Life. “Our strength and strategy allow us to provide superior insurance products and individualized attention to our clients. We look forward to continuing to grow our product portfolio to meet the needs of our customers.”
Companion Life is among the largest nonadministrative services organization Stop Loss carriers in the U.S. Its portfolio is designed to supplement health benefits offered by employers. The company offers group Life, Disability, Dental, Vision and Critical Illness products.
Companion Life and its holdings are licensed in 49 states and the District of Columbia. They have a network of more than 19,000 brokers and agents. AM Best rates Companion Life each year as a group of companies. It also rates some of its holdings individually.
AM Best rates and reports on more than 16,000 companies in more than 100 countries. Its credit ratings assess an insurance company’s financial strength, creditworthiness, and ability to meet policyholder or security holder obligations.
About Companion Life
Headquartered in Columbia, Companion Life (CompanionLife.com) has specialized in employee benefits for 51 years. The company markets Stop Loss, Dental, Limited Medical, Short Term Medical, supplemental, retiree and an array of ancillary products. These products are marketed through managing general underwriters; third-party administrators; and a network of independent agents, brokers and general agents. Companion Life, Companion Life of California, and Niagara Life and Health together are licensed in 49 states and the District of Columbia and are rated A+ (Superior) by AM Best.
