AM Best Company Affirms Homesteaders’ Financial Strength

Funeral Industry News Funeral Industry Press Releases Homesteaders Life Company May 10, 2024
Homesteaders Life

We believe that every funeral director should have the tools to succeed. With the help of our field-leading partners, we publish daily funeral industry news and provide free tools to help our readers advance their careers and grow their businesses. Our editorial focus on the future, covering impact-conscious funeral care, trends, tech, marketing, and exploring how today's funeral news affects your future.

AM Best Company Affirms Homesteaders’ Financial Strength

West Des Moines, Iowa — AM 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. “This latest AM 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 2023 was a solid year for the company, characterized by continued growth in assets, surplus and  sales as well as investments in innovation. 

“We continue to build out new tools and partnerships that help connect funeral homes to more consumers while  also focusing on strategic investment decisions and our disciplined approach to financial management,” said  Steve Shaffer, Homesteaders President, CEO and Board Chair. “We know how important our solid financial  position is, not just for our policy holders’ peace of mind, but also for the funeral home customers who rely on  us to help them grow through robust preneed programs.”  

Shaffer pointed to the company’s two double-digit growth increases in the last 12 months as further evidence of  their financial strength. “A rising tide lifts all boats, and we’re pleased to have an investment strategy that allows  us to share our success directly with our funeral home customers.”  

To learn more, 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 to learn more. 

AM Best Company ( is the world’s oldest and most authoritative insurance rating and information  source.