Columbia, S.C. — A.M. Best Company has assigned Companion Life Insurance Co., (including its subsidiaries Niagara Life and Health and Companion Life Insurance Co. of California) an A+ (Superior) rating, marking the 16th consecutive year Companion Life has met this high threshold of achievement.
A.M. Best noted that the rating reflects a stable premium, earnings growth and a strong level of risk-adjusted capitalization in support of Companion Life’s business and insurance risk.
According to Companion Life President Philip Gardham, A.M. Best’s recognition is a significant achievement. He said, “The organization’s sustained accomplishment is a byproduct of Companion Life’s commitment to exploring strategic opportunities while maintaining disciplined execution in a competitive market. This rating validates our long-term strategy, acknowledges our solid financial position and brings additional confidence to our business partners, employees and customers.”
Companion Life (including subsidiaries) is licensed in 49 states and the District of Columbia and offers numerous of group accident and health and ancillary products nationwide.
Founded in 1899, A.M. Best Company is one of the world’s oldest and most authoritative insurance rating and information sources. For more information on A.M. Best’s ratings, an overview of its rating process and rating methodologies, visit www.ambest.com/home/ratings.aspx.