The importance of financial ratings
Sammons Financial Group member companies offer some of the most sought-after life insurance, annuity, and retirement planning products.
Sammons Financial Group works hard to give back to many causes and organizations that matter to its employees. Through company-sponsored charity events, as well as a generous matching gift program, employees help make an impact in the communities in which
they live and work.
As part of a privately-held company, the leaders and employees of Sammons Financial Group remain consistently focused on long-term growth, making decisions to help allow the organization to deliver on its commitments to customers, distribution partners, its employees, and its communities.
Strong industry ratings
1 A.M. Best is a large third-party independent reporting and rating company that rates an insurance company on the basis of the company’s financial strength, operating performance, and ability to meet its obligations to policyholders. The ratings above apply to Midland National Life Insurance Company and North American Company for Life and Health Insurance's financial strength and claims-paying ability. A.M. Best rating affirmed on July 29, 2022. For the latest rating, access ambest.com. Awarded to Midland National Life Insurance Company and North American Company for Life and Health Insurance as part of Sammons® Financial Group Inc., which consists of Midland National® Life Insurance Company and North American Company for Life and Health Insurance®. A.M. Best rating affirmed on July 29, 2022. For the latest rating, access ambest.com.
Midland National and North American are rated "A+" (Superior) by A.M. Best - effective July 29, 2022. "A+" is the second of 15 ratings.
2 Sammons Financial Group® is comprised of North American Company for Life and Health Insurance®, Midland National ® Life Insurance Company, including its divisions Sammons® Corporate Markets Group, Sammons Retirement Solutions®, Inc. and Sammons Financial Network ®, LLC, member FINRA.
3 S&P Global Ratings awarded its "A+" (Strong) rating for insurer financial strength on Feb. 26, 2009 and affirmed on June 2, 2021 to Midland National Life Insurance Company and North American Company for Life and Health Insurance as a member of Sammons® Financial Group , Inc. The "A+" (Strong) rating, is the fifth highest out of 22 available ratings.
4 A+ (Stable) Rated by Fitch Ratings. Fitch Ratings, a global leader in financial information services and credit ratings, on December 7, 2022, assigned an Insurer Financial Strength rating of A+ Stable for Midland National and North American. This rating is the fifth highest of 19 possible rating categories. The rating reflects the organization’s strong business profile, low financial leverage, very strong statutory capitalization and strong operating profitability supported by strong investment performance. For more information, read the Fitch Ratings report.
5 Business Partners may use BBB trademarks only (1) to create products, materials or websites for direct use by BBB, or (2) as specifically permitted by BBB policies or by IABBB in writing. Unless IABBB has granted permission, Business Partners should not use the BBB name or other BBB marks on Business Partners’ materials, including websites and URLs. Business Partners should not use the BBB name or other BBB marks in a manner that represents or infers Business Partners to be BBB or Business Partners’ employees to be employees of BBB