AM Best Co. has affirmed the financial strength rating of Western & Southern Financial Group's life insurance subsidiaries. The AM Best rating for six of the company’s life insurance subsidiaries – The Western and Southern Life Insurance Company, Western-Southern Life Assurance Company, Columbus Life Insurance Company, The Lafayette Life Insurance Company, Integrity Life Insurance Company and National Integrity Life Insurance Company – remains A+ (Superior). This is the second highest of AM Best’s 16 financial strength ratings.
The AM Best rating for the company’s seventh life insurance subsidiary – Gerber Life Insurance Company – remains A (Excellent). This is the third highest of AM Best's financial strength ratings.
In its rating report, AM Best stated that Western & Southern’s balance sheet is “… categorized at the strongest level and reflects a very favorable risk-adjusted capitalization level … The group’s capital is remarkably resilient, even in stressed scenarios.”
This is a validation of how well Western & Southern has handled its diverse life insurance businesses. Its long-term investment and operational approach, coupled with an exceptional balance sheet and portfolio mix, continue to drive its ability to achieve outstanding financial results.
Rating agencies constantly monitor the financial strength of insurance companies and the stability of the investment and debt instruments they issue.