Midland National® News and Digital Archive

Welcome to our news and digital history archive. Explore our rich history in the making since 1906.

Post Page Advertisement [Top]

2018: Midland National and Parent Company Receive A+ from S&P Global

S&P Global Ratings
has affirmed the A+ (strong) financial strength rating for Sammons® Financial Group, Inc. (SFG) and its member companies, Midland National® Life Insurance Company and North American Company for Life and Health Insurance®. The ratings agency also maintained its stable outlook for the companies.

This rating was based on the companies’ favorable operating performance relative to peers, very strong capital and earnings, and adequate financial flexibility. The rating agency also noted SFG’s strong business risk profile (BRP) and very strong financial risk profile (FRP).

Strength and Reliability

This rating demonstrates SFG’s commitment to fulfilling their financial obligations across all companies, and as Esfand Dinshaw, Chairman and CEO for SFG, explains, the reaffirmation by S&P Global “reiterates to our policyholders that we value stability and creating long-term value for them.”

The A+ rating from S&P Global joins the A+ rating that Midland National received from A.M. Best earlier in 2018. The affirmation of SFG’s and Midland National’s financial performance and reliability by multiple third-party agencies reflects their dedication to sound financial management.
Learn more about SFG’s rating by S&P Global Ratings.

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 August 2, 2018. For the latest rating, access www.ambest.com.


Bottom Ad [Post Page]

| Designed by Colorlib