2017: A.M. Best Rates Midland National A+

Midland National received an A+ (Superior) rating for financial strength from insurance-industry rating service A.M. Best¹.

According to A.M. Best, A+ rating, the second highest of A.M. Best’s fifteen ratings categories, is given to insurance companies “that have, in our opinion, a superior ability to meet their ongoing senior financial obligations.” They also affirmed Midland National’s long-term credit issuer rating as Stable.

A.M. Best is the most widely recognized provider of insurance industry-focused ratings, financial data and news. It judges the financial strength of insurance companies as well as the credit quality of the company’s obligations. They first rated Midland National at A+ in 1980, and for over 35 years we’ve maintained our ranking.

Click here for reports, press releases and more about Midland National’s ratings by A.M. Best.

¹ A.M. Best is a large third party independent reporting and rating company that rates an insurance company on the basis of the company's financial strength, operating performance and the ability to meet its obligations to policyholders. A+ is the second highest out of 15 categories and was affirmed for Midland National Life Insurance Company as part of Sammons Financial Group on July 6, 2017. For the latest rating, access www.ambest.com.

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1906: Company Founded In The Black Hills Of South Dakota

The company that would eventually evolve into Midland National Life Insurance Company was born on a late summer evening in the Black HIlls of South Dakota.

Meeting at the Smead Hotel in Lead, South Dakota, a group of six men (John Walsh, Joseph Moore, Charles Turney, Claude Sterling, Daniel Bannister, and Fred Smith) elected officers for a company to be known as Dakota Mutual Life Insurance Company. They also authorized the publishing of "legal notice of the company's intention to begin business."

The meeting culminated from months of planning. Records show expenses dating from May 1906. Evidently, the proposed name was under debate until shortly before the August meeting since a draft of the Articles of Incorporation was submitted to the South Dakota Secretary of State under the name of "Western Mutual Life Insurance Company." The company was incorporated on August 30, 1906, and commenced business on September 4.

To capitalize the new company, the directors w…

2018: LIMRA Names Jackie Cockrum a Retirement Rising Star

Jackie Cockrum, Associate Vice President at Sammons Financial Group (SFG), was named one of LIMRA’s Retirement Rising Stars for 2018. This award recognizes financial services professionals under 40 who have implemented innovative ways to accomplish their day-to-day jobs. Jackie works on improving service delivery for SFG’s Annuity Operations and has been with the company for over five years. She also has experience in driving performance in operations and business strategy.
SFG, Midland National’s parent company, emphasizes career development for the younger generation of leaders in financial services, and we celebrate this recognition of Jackie’s work. LIMRA, a research organization for life and health insurance companies, is also committed to highlighting the achievements of upcoming leaders in the financial services sector. Please join us in congratulating Jackie on this award, and learn more about LIMRA and the Retirement Rising Stars program here.

1981: Midland National Celebrates 75 Years in the Insurance Industry

Midland National’s 75th anniversary celebration kicked off with newspaper ads and radio spots proclaiming, “As we look forward to our 75th Anniversary, we salute our people… more than three hundred reasons why Midland National is a great insurance company. We wish you could meet all of them because these are the people with the talent, the skill, and the ideas that make us a strong, successful, growing company.”

Midland National Life Insurance Company Updates

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