Columbia, S.C. – A.M. Best Company, which describes itself as the world’s oldest and most influential insurance rating and information source, designated Companion Life Insurance Co., (including its subsidiaries Niagara Life and Health and Companion Life Insurance Co. of California) an A+ (Superior) rating for the 17th consecutive year.
A.M. Best attributed this outstanding achievement to Companion Life’s strong risk-adjusted capital position, stable premiums and earnings growth. It also noted the company’s diversified portfolio that includes numerous accident and health and ancillary products.
According to Companion Life President Phil Gardham, maintaining this level of excellence and having it recognized is meaningful to our distribution partners, employees and policyholders. He said, “The A.M. Best rating is an important metric. It is one more validation that our strategy is on point, our leadership team is executing that strategy successfully, and our customers are receiving the service and benefits of a focused and financially stable organization in a volatile marketplace.”
Companion Life (including subsidiaries) is licensed in 49 states and the District of Columbia. The company is one of the largest providers of medical stop-loss nationally and a Diamond member of the Self Insurance Institute of America.
A.M. Best annually reviews and ranks 3,500 companies in 90 countries. For more information on the ratings, including an overview of its rating process and rating methodologies, visit: http://www.ambest.com/home/ratings.aspx.
About Companion Life
Headquartered in Columbia, Companion Life (www.CompanionLife.com) has specialized in employee benefits since 1971. The company markets life, dental, disability, accident, specialty health — including medical stop-loss, limited benefit health plans and group supplemental retiree prescription drug plans — as well as other insurance programs, through a network of independent agents and brokers, general agents and managing general underwriters. Companion Life is licensed in 49 states and the District of Columbia. It holds an A.M. Best Rating of A+ (Superior).