American Family Life Insurance Company achieves Ward’s Top 50 designation for 18th consecutive year
The outstanding efforts of the American Family Life Insurance Company (AFLIC) at American Family have helped secure their place on Ward’s Top 50 for another year.
American Family Life Insurance Company (AFLIC) has been named to the Ward’s Top 50 list, as one of the nation's top 50 performing life/health insurance companies, for the 18th year.
AFLIC is one of only eight life/health companies to be named to the Ward’s 50 list for 18 consecutive years.
Ward Group is a consulting firm that helps insurance companies optimize performance and improve profitability by providing operational and compensation benchmarking and best-practices.
Each year, Ward Group analyzes the financial performance of more than 700 life/health
insurance companies domiciled in the United States and identifies the top performers. Each Ward’s 50 company has achieved outstanding financial results in the areas of safety, consistency and performance over a five-year period.
To earn the Ward's 50 designation and be recognized as a top performer, insurance companies must demonstrate financial stability and meet specific performance criteria. These include maintaining a robust capital position, achieving revenue growth, and delivering strong underwriting results. Companies are also evaluated based on their ability to surpass minimum thresholds in areas such as capital/surplus, net income and financial returns.
"It speaks volumes about the quality, dedication and commitment of our life organization to be recognized for an 18th year in a row by Ward’s for our financial stability and overall performance,” said Todd Fancher, American Family Life Insurance Company president. “We know our customers depend on us, and receiving this designation year-after-year demonstrates we have the ability to be there for them whenever they need us most.”
# # #
About American Family Insurance
American Family Insurance, a mutual holding company based in Madison, Wis., has been serving customers since 1927. We inspire, protect and restore dreams through our insurance products, exceptional service from our agency owners and employees, community investments and creative partnerships. American Family Insurance Group is the nation’s 12th-largest property/casualty insurance group, ranking No. 202 on the Fortune 500 list. The Group has a current ‘a+’ credit rating through AM Best, and has distinction as a “Standing the Test of Time” company, which is represented by having an AM Best financial strength rating of ‘A’ or better for 75 years. The group sells American Family-brand products, primarily through exclusive agency owners in 19 states. The American Family Insurance Group also includes CONNECT, powered by American Family Insurance, Homesite and Main Street America Insurance and has approximately 11,000 employees nationwide.
Life insurance underwritten by American Family Life Insurance Company, 6000 American Parkway, Madison, WI 53783. American Family Life Insurance Company has an AM Best financial strength rating of ‘A’ (Excellent), the third highest of their 13 ratings; and an ‘a+’ (Excellent) long-term issuer credit rating, the fifth highest of their 21 ratings.