Companion Life Earns A+ Financial Strength Rating from AM Best for 23rd Consecutive Year

February 26, 2025

COLUMBIA, S.C. — Companion Life Insurance Company is proud to announce that it has been awarded an A+ rating by AM Best Company for the 23rd consecutive year. AM Best, the largest independent credit rating agency specializing in the insurance industry, evaluates companies based on their operational performance, business profile, risk management and financial stability.

As a leading national stop loss carrier in the United States, Companion Life also provides a comprehensive suite of employee benefits and worksite products. Companion Life remains committed to delivering exceptional insurance services and maintaining financial stability for its customers.

Andy Folsom, president of Companion Life, remarked, “Achieving an A+ rating from AM Best for the 23rd consecutive year showcases our commitment to leadership, integrity and financial strength. This recognition reflects our dedication to providing innovative risk strategies and exceptional service to our clients.”

Folsom continued, “The strong work ethic and dedication of our staff enable us to grow and enhance our portfolio of products, ensuring we meet the evolving and diverse needs of our customers.”

Companion Life offers a wide range of group insurance, including stop loss, dental, life, disability, vision, accident, GAP, limited medical and critical illness. Companion Life and its subsidiaries are licensed in all 50 states and the District of Columbia, supported by a vast network of brokers and agents.

About Companion Life
Headquartered in Columbia, South Carolina, Companion Life (CompanionLife.com) has specialized in employee benefits for more than 50 years. The company markets stop loss, dental, life, disability, vision, accident, GAP, limited medical and critical illness. These products are marketed through Companion Life’s owned divisions, managing general underwriters, third-party administrators, and a network of brokers and agents. Companion Life, Companion Life of California, and Niagara Life and Health together are licensed in all 50 states and the District of Columbia.

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