CHICAGO, IL, July 22, 2016 — Midland National® was named to the 2017 Ward’s Top 50 list of top performing insurance companies that have achieved outstanding financial results in the areas of safety, consistency, and performance over a five year period from 2012 to 2016.
“We are proud to once again to be recognized by Ward’s as one of their Top 50 Life and Health Insurance Companies,” said Steve Palmitier, president and chief operating officer of Midland National Life Insurance Company, “For more than 110 years, Midland National has stood for strength and stability. Being included as a member of this list further validates our company’s ability to meet our obligations to our policyholders.”
Ward Group is the leader in benchmarking and best practices services for the insurance industry. Each year, the group analyzes the financial performance of over 700 life-health insurance companies based in the United States and identifies the top performers in each segment based on objective data and subjective quality measures. Visit Ward’s to learn more about the Ward’s Top 50 list of top performing life-health insurance companies.
The Ward’s Top 50 listing is one of the latest accomplishments achieved by Midland National. On May 2, 2017, Fitch Ratings, a global leader in financial information services and credit ratings, assigned an Insurer Financial Strength rating of A+ (Stable), the fifth highest of 19 possible rating categories. On July 6, 2017, A.M. Best reaffirmed Midland National’s A+ (Superior) rating, second highest out of 15 categories. and 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 the ability to meet its obligations to policyholders.
About Midland National Life Insurance
For more than 110 years, Midland National® Life Insurance Company (Midland National) has been an industry leader, crediting the company’s strength to its commitment to stability, innovation and dedicated customer service. Midland National is accredited by the Better Business Bureau, and has earned an A+ (Superior) rating from A.M. Best, 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 ongoing obligations to policyowners. This rating is the second highest out of 15 categories and was affirmed by A.M. Best for Midland National as part Sammons® Financial Group, Inc. on Aug. 7, 2019.
Founded as Dakota Mutual Life Insurance Company in 1906, Midland National has protected families and preserved legacies for generations. Midland National is one of the leading insurance companies in the United States. Midland National is a member of Sammons Financial Group, a subsidiary of Sammons Enterprises, Inc. With its annuity division in West Des Moines, Iowa, and its life insurance operations in Sioux Falls, South Dakota, Midland National operates in 49 states and the District of Columbia through its 12,000 licensed sales professionals. For more information, click here.
A+ (Stable) Rated by Fitch Ratings - Fitch Ratings, a global leader in financial information services and credit ratings, on April 24, 2018, assigned an Insurer Financial Strength rating of A+ for Midland National. 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.
A+ (Superior), the second highest rating out of 15 categories, was affirmed by A.M. Best for Midland National Life Insurance Company as part of Sammons Financial Group on July 6, 2017. 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 ongoing obligations to policyholders.