West Des Moines, Iowa — A.M. Best Company, a global rating agency focused on the insurance industry, has announced the affirmation of Homesteaders Life Company’s financial strength rating of A- (Excellent)* with a stable outlook.
“Homesteaders makes promises to our policy holders every single day, and our ultimate objective is to make sure we have the financial strength to honor those promises today, tomorrow and well into the future,” said Homesteaders Executive VP-CFO Steve Pick. “To us, the A.M. Best affirmation represents a significant vote of confidence in our financial management philosophy and our ability to honor the promises we make.”
Pick added that 2018 was a solid year for the company, characterized by continued growth in assets, surplus and sales.
“Last year, we served more funeral homes, agents and consumers than ever before while maintaining our commitment to customer service and financial excellence,” affirmed Steve Shaffer, Homesteaders CEO. “We are focused on being a steady, long-term partner for funeral providers, and we work hard every day to ensure our policy owners and funeral home customers are taken care of today and well into the future. Funeral planning support is all we do, and we are committed to continuing to be the best preneed solution for our customers.”
To learn more about Homesteaders’ financial stability, view the company’s most recent annual report of company performance.
*Effective May 9, 2019. For the latest rating, access www.ambest.com.
Homesteaders Life Company, a mutual company owned by its policy holders, is a national leader providing products and services to promote and support the funding of advance funeral planning and end-of-life expenses.
A.M. Best Company (ambest.com) is the world's oldest and most authoritative insurance rating and information source.