West Des Moines, Iowa — AM 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 appreciate AM Best’s diligence this past year and are pleased they have once again affirmed our financial strength,” said Homesteaders Executive VP-CFO Steve Pick. “Along with our continued strong operating performance, Homesteaders’ strategic investments over the last few years have bolstered our ability to support the funeral profession through innovative product and service offerings. This affirmation by AM Best is an additional vote of confidence in our performance and strategic direction.”
Pick added that 2025 was characterized by significant strategic capital deployment, record asset growth, strong sales performance and continued operational excellence.
“Last year was a transformative one for our company, and AM Best’s affirmation tells us we’re on the right track,” said Steve Shaffer, Homesteaders President, CEO and Board Chair. “Our continued financial strength is a direct result of our team’s ability to execute on creative and complex strategy while maintaining strong year-over-year growth. Our funeral home customers should feel very confident in their choice to entrust us with their client families’ preneed funds.”
Shaffer noted that record profitability has positioned Homesteaders to invest even more capital in the profession. “No other preneed provider can match our investment in the funeral space,” he added. “Homesteaders continues to lead the profession in investing tools and services that benefit independent operators – like our funeral home lending program. To-date, we’ve secured more than $200 million in small business loans to support dozens of funeral businesses across the country. That number continues to grow as more funeral providers recognize Homesteaders as a reliable, long-term partner to finance their business’s growth.”
To learn more, view the company’s most recent annual report of company performance.
Homesteaders Life Company, a life insurance company which is part of a mutual holding company system owned by its policy holders, is a national leader providing products and services to help people design a better farewell.
AM Best Company (ambest.com) is the world's oldest and most authoritative insurance rating and information source.
This rating from AM Best is effective May 2025. For the latest rating information, please visit www.ambest.com.
