Oklahoma City, Oklahoma Jun 28, 2024 (EMWNews.com) – A.M. Best has reaffirmed American Public Life Insurance Company’s Financial Strength Rating as A+ (Superior) as a result of APL’s continued premium and earnings growth.
“This rating is a testament to our company’s commitment and stability, and we’re honored to share this achievement with all of our stakeholders internally and externally,” said Susan Relland, APL President of Operations. “We especially value our partnerships with our brokers and are grateful for their contributions to maintaining APL’s financial strength.”
AM Best is a global credit agency, news publisher and data analytics provider founded in 1899. It is one of the world’s oldest and most authoritative insurance and credit rating agencies and information sources.
AM Best’s rationale for APL’s financial strength included ratings of “strongest” for balance sheet strength, “strong” for operating performance, “favorable” for business profile and “appropriate” for enterprise risk management. The outlook of these ratings is stable, reflecting that APL is expected to maintain its overall balance sheet strength assessment, supported by the strongest level of risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio.
Founded in 1945, APL is expanding the benefits horizon as a leading provider of voluntary worksite benefits, with offices in Oklahoma City, OK and Jackson, MS. APL is licensed to conduct business in 49 states with sales through independent brokers. For more information, please visit ampublic.com.
This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and A.M. Best press releases, please view Guide for Media – Proper Use of Best’s Credit Ratings and A.M. Best Rating Action Press Releases.
Source :American Public Life Insurance Company
This article was originally published by IssueWire. Read the original article here.
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