A.M. Best Company Affirms Homesteaders’ Financial Strength

Funeral Industry News Funeral Industry Press Releases Homesteaders Life Company May 12, 2022
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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.1 

“Homesteaders remains dedicated to providing our policy owners and funeral home customers peace of  mind with long-term financial stability,” said Homesteaders Executive VP-CFO Steve Pick. “We’re  pleased that A.M. Best Company recognizes our management team’s response to the challenges of the  pandemic and continuing low interest rate market. This 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 2021 was another solid year for the company, characterized by record sales, growth in  assets and continued investment in innovative solutions for the benefit of funeral home customers and  policy owners. 

“We continue to proactively respond to growing inflation and a sustained low interest rate environment,  finding new, creative ways to ensure our long-term strength and stability. This is one of the reasons  funeral professionals throughout the country choose to do business with us,” affirmed Steve Shaffer,  Homesteaders President, CEO and Board Chair. “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 recognizes 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 help people design a better farewell. Visit homesteaderslife.com to  learn more. 

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


1 This rating from A.M. Best is effective May 2022. For the latest rating information, please visit www.ambest.com.