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American Income Life Insurance Company

American Income Life Insurance Company is an international company protecting working families in the United States, Canada, and New Zealand.

American Income Life is a wholly-owned subsidiary of Globe Life Inc. (NYSE: GL), an S&P 500 Company that markets life and supplemental health insurance for middle-income families through its affiliate companies.

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Financial Rating

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

Solvency Statement for American Income Life Insurance Company

The solvency position has been calculated in accordance with the RBNZ Interim Solvency Standard 2023, issued under the Insurance (Prudential Supervision) Act 2010, effective up to and including 31 December 2023.

31-Dec-23 31-Dec-22
Custodial Fund Total Statutory Fund Custodial Fund Total Statutory Fund
Actual Solvency Capital 85,387,000 102,229,000 112,009,000 119,597,000
Minimum Solvency Capital 42,984,000 45,854,000 55,648,000 58,841,000
Solvency Margin 42,403,000 56,375,000 56,361,000 60,756,000
Solvency Ratio 199% 223% 201% 203%