December 21 2020
Columbia, S.C. – Companion Life Insurance Company once again has earned a financial strength rating of A+ from AM Best Company, the largest independent credit rating agency in the world specializing in the insurance industry. This 19th consecutive A+ rating reflects Companion Life’s stable financial growth, innovative risk strategy and balance sheet strength.
According to Companion Life President, John Wilbur, the organization remains focused on exploring opportunities to expand and grow. “Our sustained excellence rating is an important metric that serves to reassure our business partners, employees and policyholders of our financial strength and stability during this turbulent time. We remain optimistic as we look to the future of the organization and are committed to exploring opportunities to expand our footprint and grow our product portfolio.”
Companion Life and its subsidiaries are licensed in 49 states and the District of Columbia. This includes a network of more than 15,000 brokers and agents. The company’s ancillary portfolio includes group life, disability, dental, vision and critical illness products designed to supplement health benefits offered by employers.
AM Best annually rates Companion Life as a group of companies and individually rates some of its subsidiaries. AM Best rates the creditworthiness and reports on more than 16,000 companies in more than 100 countries worldwide. Its credit ratings are an independent assessment of an insurance company’s financial strength, creditworthiness and ability to meet policyholder or security holder obligations.
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 50 states and the District of Columbia and hold an A.M. Best Rating of A+ (Superior).
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