American Income Life Insurance Company has been granted an A (Excellent)* financial strength rating from A.M Best Company, Inc. Effective from 31 August 2023.
*This rating refers only to the financial strength of the company and is not a recommendation of the specific policy provisions, rates, or practices of the company.
A.M Best Company, Inc is a financial auditing company providing rating services to the global insurance industry. For more information about A.M Best Company, Inc please visit: http://www.ambest.com
A.M Best Company, Inc rating scale:
Rating |
Descriptor |
Definitions |
SECURE |
A++, A+ |
Superior |
Assigned to companies that have, in our opinion, a superior ability to meet their ongoing insurance obligations |
A, A- |
Excellent |
Assigned to companies that have, in our opinion, an excellent ability to meet their ongoing insurance obligations |
B++, B+ |
Good |
Assigned to companies that have, in our opinion, a good ability to meet their ongoing insurance obligations |
VULNERABLE |
B, B- |
Fair |
Assigned to companies that have, in our opinion, a fair ability to meet their ongoing insurance obligations. Financial strength is vulnerable to adverse changes in underwriting and economic conditions. |
C++, C+ |
Marginal |
Assigned to companies that have, in our opinion, a marginal ability to meet their ongoing insurance obligations. Financial strength is vulnerable to adverse changes in underwriting and economic conditions. |
C, C- |
Weak |
Assigned to companies that have, in our opinion, a weak ability to meet their ongoing insurance obligations. Financial strength is very vulnerable to adverse changes in underwriting and economic conditions. |
D |
Poor |
Assigned to companies that have, in our opinion, a poor ability to meet their ongoing insurance obligations. Financial strength is extremely vulnerable to adverse changes in underwriting and economic conditions. |
E |
Under Regulatory Supervision |
Assigned to companies (and possible their subsidiaries/affiliates) placed under a significant form of regulatory supervision, control or restraint – including cease and desist orders, conservatorship or rehabilitation, but not liquidation – that prevents conduct of normal, ongoing insurance operations. |
F |
In Liquidation |
Assigned to companies placed in liquidation by a court of law or by a forced liquidation. |
|
S |
Suspended |
Assigned to rated companies when sudden and significant events affect their balance sheet strength or operating performance and rating implications cannot be evaluated due to a lack of timely or adequate information. |
Scale information sourced from: http://www.ambest.com/ratings/guide.pdf