A.M. Best Company Affirms Homesteaders’ Financial Strength

Funeral Industry News Funeral Industry Press Releases Homesteaders Life Company May 4, 2020
A.M. Best Company Affirms Homesteaders' Financial Strength

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A.M. Best Company Affirms Homesteaders’ Financial Strength

West Des Moines, Iowa — A.M. Best Company, a global rating agency focused on the insurance industry, has announced the affirmation of Homesteaders Life Company’s financial strength rating of A- (Excellent) with a stable outlook.

“Homesteaders remains dedicated to providing our policy owners and funeral home customers peace of mind with a consistently strong financial profile,” said Homesteaders Executive VP-CFO Steve Pick. “To us, the A.M. Best affirmation represents a significant vote of confidence in our financial management philosophy and our ability to pay policy owner claims today and into the future.”

Pick added that 2019 was a solid year for the company, characterized by strong sales, growth in assets and surplus and continued investment in innovative solutions for the benefit of funeral home customers and policy owners.

“Our commitment to financial excellence is one of the reasons funeral professionals throughout the country choose to do business with us,” affirmed Steve Shaffer, Homesteaders Chairman, President and CEO. “Now more than ever, our customers need to know that we remain stable and steady, with a full commitment to our policy owners, funeral home customers and agents. This affirmation from A.M. Best is proof positive that we are making prudent decisions and putting our resources behind proactive problem solving.”

To learn more about Homesteaders’ financial stability, view the company’s most recent annual report of company performance.

Homesteaders Life Company, a mutual company owned by its policy holders, is a national leader providing products and services to promote and support the funding of advance funeral planning and end-of-life expenses.

A.M. Best Company (ambest.com) is the world’s oldest and most authoritative insurance rating and information source.