Ratings
North American Company Earns High Ratings
A Portrait of Financial Stability
Independent rating agencies are an important source of information on an insurance company's ability to meet its obligations. North American Company continues to receive high ratings based on its financial strength and operating performance.
A+ (Superior) Rated by A.M. Best1
A.M. Best has rated North American Company for Life and Health Insurance an "A+" (Superior) rating. A+ is the second highest rating out of 15 rating categories and was affirmed for North American Company, as part of Sammons Financial Group, on May 26, 2011.
For the latest rating, access www.ambest.com1
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A+ (Strong) Rated by Standard & Poor's
Standard and Poor's awarded its "A+" (Strong) rating for insurer financial strength on February 26, 2009 and affirmed on April 6, 2011 to North American Company for Life and Health Insurance as part of Sammons Financial Group.
The A+ (Strong) rating, which is the fifth highest out of twenty-two, reflects the financial strength of North American Company for Life and Health Insurance, member of Sammons Financial Group.2
The rating is based on the group's diversified financial services franchise, superior earnings performance, and extremely strong capital and liquidity.
Major rating factors cited by Standard & Poor's include: superior performance, extremely strong capitalization, extremely strong liquidity, and business diversification.
Our Standard & Poor's rating affirmation proves that North American Company, as part of Sammons Financial Group, is dedicated to maintaining the highest standards when it comes to prudent investments and quality portfolio decisions. Our objective is to achieve both competitive earned rates and attractive total investment returns to support our strong product position in today's marketplace.
93 Comdex Financial Ranking3
The Comdex ranks companies on a scale of 1 to 100 (100 being the highest), based on their ratings from independent rating agencies like A.M. Best and Standard and Poor’s. Unfortunately, independent ratings services like the ones listed above do not use a universal rating scale, and can have different meanings for the same letter ratings. What “A+” means to one rating company, might be different for another. The Comdex financial numerical ranking is an effort to reduce the confusion over ratings. North American received its rank of 93 on May 03, 2011 – meaning that it ranks in the 93rd percentile of all rated companies.
1 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 the ability to meet its obligations to policyholders.
The Best's Rating Report (s) reproduced on this site appear under license from A.M. Best and do not constitute, either expressly or implied, an endorsement of (Licensee)'s products or services. A.M. Best is not responsible for transcription errors made in presenting Best's Rating Reports.
Best's Rating Reports are copyright © A.M. Best Company and may not be reproduced or distributed without the express written permission of A.M. Best Company. Visitors to this web site are authorized to print a single copy of the Best's Rating Report (s) displayed here for their own personal use. Any other printing, copying or distribution is strictly prohibited.
Best's Ratings are under continuous review and subject to change and/or affirmation. To confirm the current rating, please visit the A.M. Best web site, www.ambest.com.
2 Sammons Financial Group is comprised of North American Company for Life and Health Insurance, Midland National Life Insurance Company, including its divisions, Sammons Annuity Group and Sammons Corporate Market Group, Sammons Securities Company®, LLC., Sammons Retirement Solutions, Inc.SM and Sammons Financial Network, LLCSM.
3 The Comdex is a composite index based on the ratings received by a company from the ratings services. It is the average percentile ranking for all of the ratings received by a company. As such, it is not another rating, but rather an objective scale that can be used to easily compare the ratings of different companies.