West Des Moines, Iowa — A.M. Best Company, a global rating agency focused on the insurance industry, has affirmed Homesteaders Life Company’s financial strength rating of A- (Excellent) with a stable outlook.
“We’re pleased that A.M. Best Company continues to recognize Homesteaders’ commitment to financial strength,” said Homesteaders Executive VP-CFO Steve Pick. “Our company’s long-term strength and security enable us to continue to lead the market in providing safe, secure end-of-life funding.”
Pick added that Homesteaders reported another year of exceptional sales in 2022 and strong bottom-line performance. He credits the company’s success to ongoing investments in innovation that meets the needs of funeral home customers, helps grow core preneed markets and improves strategic partnerships within the industry.
“In this time of growing inflation and volatile financial markets, Homesteaders has continued to maintain a disciplined and strategic investment approach, providing stability and long-term financial strength for our funeral home customers and policy owners,” said Steve Shaffer, Homesteaders President, CEO and Board Chair. “We are proud to be acknowledged by A.M. Best, providing objective perspective regarding our strong financial position to our funeral home customers, agents and policy owners. As a national leader in end-of-life funding, we are well positioned for the future and are proud to partner with our funeral home customers and agents to help more families than ever before design a better farewell.”
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 help people design a better farewell.
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 2023. For the latest rating information, please visit www.ambest.com.