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 remains dedicated to providing our policy owners and funeral home customers peace of mind with long-term financial stability,” said Homesteaders Executive VP-CFO Steve Pick. “We’re pleased that A.M. Best Company recognizes our management team’s response to the challenges of the pandemic and continuing low interest rate market. This affirmation represents a significant vote of confidence in our financial management philosophy and our ability to pay policy owner claims today and into the future.”
Pick added that 2021 was another solid year for the company, characterized by record sales, growth in assets and continued investment in innovative solutions for the benefit of funeral home customers and policy owners.
“We continue to proactively respond to growing inflation and a sustained low interest rate environment, finding new, creative ways to ensure our long-term strength and stability. This is one of the reasons funeral professionals throughout the country choose to do business with us,” affirmed Steve Shaffer, Homesteaders President, CEO and Board Chair. “Now more than ever, our customers need to know that we remain stable and steady, with a full commitment to our policy owners, funeral home customers and agents. This affirmation from A.M. Best recognizes that we are making prudent decisions and putting our resources behind proactive problem solving.”
To learn more about Homesteaders’ financial stability, view the company’s most recent annual report of company performance.
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.
This rating from A.M. Best is effective May 2022. For the latest rating information, please visit www.ambest.com.