West Des Moines, Iowa — AM Best has affirmed Homesteaders Life Company’s A- (Excellent) financial strength rating for the fifteenth consecutive year. The affirmation comes as Homesteaders celebrates its 120th anniversary and follows a record-breaking year in 2025.
“AM Best’s affirmation reflects the disciplined approach we take to managing capital and risk,” said Homesteaders Executive Vice President and CFO Steve Pick. “Our record 2025 results and financial strength exemplify the continued growth, long-term financial performance and reliability that policyholders and funeral professionals depend on.”
The company’s 2025 results demonstrated continued momentum across the organization, including record sales and record claim payments and in-force business exceeding $5 billion. At the end of Q1 2026, the company’s in force block had grown to $5.2 billion, with $4.4 billion in assets under management.
“Homesteaders’ growth benefits our customers and the families we serve,” continued Pick. “Ninety-one percent of our income is redistributed to funeral providers, agents and policyholders through policy growth and reserves, commission payments and loyalty programs. Our strong capital position supports their success and strengthens the value we deliver.”
“Every policy we issue represents a family’s trust, and we take seriously our responsibility to protect those funds,” said Steve Shaffer, Homesteaders President, CEO and Board Chair. “This affirmation from AM Best reflects our steady growth, long-term strategy and commitment to supporting funeral professionals and the families we serve.”
AM Best is the leading independent credit rating agency focused on the insurance industry. Its financial strength ratings evaluate an insurer’s ability to meet its ongoing obligations to policyholders and pay claims over time.
For consumers and funeral professionals, an A- (Excellent) rating from AM Best signals that Homesteaders is well-capitalized, financially sound and positioned to honor its commitments well into the future.
To learn more, view the company’s most recent annual report of company performance.
Homesteaders Life Company, a life insurance company which is part of a mutual holding company system 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.
AM Best Company (ambest.com) is the world’s oldest and most authoritative insurance rating and information source.
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This rating from AM Best is effective May 2026. For the latest rating information, please visit www.ambest.com.
