January 12, 2017
Companion Life Receives A+ Rating for 15th Consecutive Year
Columbia, S.C. – A.M. Best Co. has assigned Companion Life Insurance Co., (including its subsidiaries Niagara Life and Health and Companion Life Insurance Co. of California) financial strength rating of A+ (Superior) marking the 15th consecutive year Companion Life has received this rating. The ratings reflect stable premium and earnings growth, as well as a strong level of risk-adjusted capitalization in support of Companion Life’s business and insurance risk, according to A.M. Best.
According to Companion Life President Philip Gardham, 15 years of this achievement reflects the organization’s overall stability and financial strength in an uncertain world. He said, “In an increasingly complex and challenging industry this rating should provide a strong level of comfort to our policyholders and business partners. Moreover, we are well positioned for the future as we now have a nationwide presence due to our outstanding subsidiaries such as Niagara Life and Health, and Companion Life Insurance of California, which begins offering products in California in 2017.”
Founded in 1899, A.M. Best Company is 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.co./ratings.
About Companion Life
Headquartered in Columbia, Companion Life (www.CompanionLife.com) has specialized in employee benefits since 1971. The company markets stop-loss, dental, limited medical, short-term medical, supplemental, retiree and an array of ancillary products. These products are marketed through MGUs, TPAs and a network of independent agents, brokers and general agents. Companion Life, Companion Life of California and Niagara Life and Health together are licensed in 49 states and the District of Columbia and hold an A.M. Best Rating of A+ (Superior).
Media Contact – Shawn Skillman, 803-264-2211
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